Tepak paving the way as a university of the future

Tepak paving the way as a university of the future

The European University of Technology – EUt+ Alliance, of which Cyprus University of Technology (Tepak) is a member, is one of the 24 winners of the second call for proposals for pilot initiatives to create European universities of the future. This successful bid will support the eight-member transnational alliance to establish a pioneering collaborative model that will ...
Local Wednesday, 22 July, 2020
Cyprus And Switzerland Signed Protocol Amending The Double Taxation Treaty

Cyprus And Switzerland Signed Protocol Amending The Double Taxation Treaty

Cyprus and Switzerland signed on Monday a protocol amending the Treaty for the avoidance of double taxation, with the two sides stating that the amended treaty will boost their economic ties. The Protocol signed by the Minister of Finance Constantinos Petrides on behalf of Cyprus and Ambassador Pierre-Yves Fux on behalf of Switzerland, introduces, among others, the minimum sta...
International Tuesday, 21 July, 2020
EU Invests Over €2 Billion In 140 Key Transport Projects To Jump-Start The Economy

EU Invests Over €2 Billion In 140 Key Transport Projects To Jump-Start The Economy

Following a press release, the EU purports to support the economic recovery in all Member States by injecting almost €2.2 billion into 140 key transport projects. These projects will help build missing transport links across the continent, support sustainable transport and create jobs. The projects will receive funding through the Connecting Europe Facility (CEF), the EU's...
International Friday, 17 July, 2020
€133,1 Million Cyprus Total R&D Expenditure For 2028

€133,1 Million Cyprus Total R&D Expenditure For 2028

Following data released by Cystat on scientific research and experimental development, total R&D expenditure in Cyprus in 2018 was estimated at €133,1 million which corresponds to 0,63% of the Gross Domestic Product, compared to €110,2 million, or 0,55% of the GDP in 2017. Despite the substantial increase of 20,8% observed in R&D expenditure in 2018 relative ...
Local Thursday, 16 July, 2020
Wizz Air Abu Dhabi Announces New Route To Larnaca

Wizz Air Abu Dhabi Announces New Route To Larnaca

Wizz Air Abu Dhabi, the newest national airline of the United Arab Emirates, announced today a highly anticipated route from Abu Dhabi to Larnaca starting on October 3, 2020. Wizz Air Abu Dhabi will provide a low-fare and high quality travel experience for its distinguished passengers. Tickets are already on sale on wizzair.com and the airline’s mobile app with fares star...
International Wednesday, 15 July, 2020
Cyprus’ largest ever housing project will help low-income families

Cyprus’ largest ever housing project will help low-income families

Limassol municipality and the Land Development Corporation (KOAG) reached an official agreement on Thursday regarding the establishment of the largest housing project ever undertaken in Cyprus, worth €100 million. The agreement will involve the construction of over 600 new housing units in Limassol to meet the needs of low-income families, students and...
Local Tuesday, 14 July, 2020
First augmented reality app launched in Paphos

First augmented reality app launched in Paphos

The Paphos tourism board is leading the way using technology to enhance the visitor experience and has launched the first augmented reality application in Cyprus. The Myth of Aphrodite app, which is free to users, and unique in Cyprus, highlights the myth of Aphrodite, and may be downloaded from both Google and Apple online stores. It will also be free to downloaded at hotels,...
Local Monday, 13 July, 2020
Kassianides: Cyprus to Enter the Natural Gas Era

Kassianides: Cyprus to Enter the Natural Gas Era

Cyprus as of July 9 will enter the natural gas era, Natural Gas Public Company Chairman Symeon Kassianides has said as tomorrow the President of the Republic will lay the foundation stone for the construction of the Cyprus LNG Import Terminal Project in Vassiliko. The project with a total budget of €289 million, is considered to be the largest energy project Cyprus an...
Local Friday, 10 July, 2020
Domestic property sales on the up

Domestic property sales on the up

Property sales to the domestic market in Cyprus showed a marked improvement in June, although sales to the overseas market have yet to show any signs of making a recovery, according to official figures published by the Department of Lands and Surveys. As we reported last Thursday, the Government’s decisions to ease the COVID-19 lockdown measures and subsidise housin...
Real Estate Thursday, 09 July, 2020
MPs commit to expedite citizenship bills

MPs commit to expedite citizenship bills

Lawmakers on Monday committed to fast-tracking the bills and regulations aimed at improving the transparency of the citizenship-by-investment program, so that the items can be voted on before the House breaks for the summer recess in late July. Following feedback from MPs who were unhappy with loopholes, the government has made certain changes to the texts. During its se...
Real Estate Wednesday, 08 July, 2020
Cyprus industrial production value and employment increased in 2018

Cyprus industrial production value and employment increased in 2018

Cyprus industrial production value and employment in the sector increased in 2018 by 11.4% and 7% respectively on an annual basis, data released by the Cyprus Statistical Service on Monday show. In particular, according to the results of the Survey on Industrial Production 2018, employment in the broad industrial sector increased in 2018 by 7.0% to 38.2 thousand compared to 35...
Business Tuesday, 07 July, 2020
Cyprus property sales recovering

Cyprus property sales recovering

Property sales in Cyprus showed signs of making a recovery in June following the Government’s easing of the COVID-19 lock-down measures and its decision to subsidise housing loans according to official figures from the Department of Lands and Surveys. During June a total of 646 property sales contracts were deposited at Land Registry offices across the island c...
Real Estate Monday, 06 July, 2020
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