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May 6, 2025

Cyprus Aims to Become Producer of Defence Products, Says President

Athens: Our goal is for the Republic of Cyprus to be not only a consumer but also a producer of defence products, President Nicos Christodoulides announced on Tuesday during his visit to the International Defence and Security Exhibition – DEFEA 2025, currently being held in Athens. President Christodoulides inaugurated the

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University of Cyprus Generates £1.186 Billion in Economic Output in 2024

Nicosia: The University of Cyprus (UCY) contributed £1.186 billion to the country’s total economic output in 2024, £574 million to GDP, and supported 12,381 jobs directly or indirectly linked to its operations, according to two studies presented on Tuesday. The studies, titled ‘Economic and Social Impact of the University of

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Intellectual Property as Catalyst for Innovation, Says Energy Minister

Limassol: Intellectual property (IP) is crucial for sustaining innovation, as emphasized by the Minister of Energy, Commerce and Industry, George Papanastasiou. He highlighted that Cyprus recognizes the importance of innovation and IP, having made significant advancements in recent years to enhance transparency and align with EU best practices. According to

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Unemployment in Cyprus Drops by 13.1% in April

Nicosia: The number of unemployed individuals in Cyprus decreased by 13.1% in April 2025, marking a significant annual reduction. According to Cyprus News Agency, the Statistical Service of Cyprus reported that the total number of unemployed persons registered at the District Labour Offices was 8,118 by the end of April

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