Brussels: Today, the European Commission has endorsed a positive preliminary assessment of Cyprus’s fourth payment request amounting to £75.9 million under the Recovery and Resilience Facility, a key part of the NextGenerationEU initiative. This endorsement marks a significant step toward the financial and developmental goals set by the EU and
Nicosia: The Research and Innovation Foundation (RIF) has announced the initiation of a market sounding exercise aimed at assessing interest and gathering insights for the potential ‘AI WAVE’ funding programme. This programme is under consideration to support Cypriot enterprises in leveraging Artificial Intelligence (AI) solutions to enhance their operations. The
Nicosia: The preliminary General Government fiscal results prepared by the Statistical Service of Cyprus (CYSTAT) reveal a notable surplus of £551.2 million, equivalent to 1.6% of GDP, for the period of January-May 2025. This marks a slight increase compared to the £542.6 million surplus recorded during the same period in
Nicosia: The Index of Industrial Output Prices for May 2025 reached 122.9 units (base 2021=100), marking an increase of 0.7% compared to April 2025. According to Cyprus News Agency, compared to the corresponding month of the previous year, the index recorded a decrease of 0.2%. For the period January-May 2025,
Nicosia: The Cyprus Department of Meteorology has issued its forecast for the sea area of Cyprus, predicting mainly fine weather conditions for the upcoming period. The forecast covers an area extending 8 kilometers seawards and is valid from 1200 on June 30, 2025, until 1200 on July 1, 2025. According
Nicosia: Scientists from the Cyprus University of Technology (CUT) have led the successful deployment of the country’s first-ever quantum communication network, in a groundbreaking achievement for both Cyprus and the global cybersecurity landscape, a press release by CUT said on Monday. According to Cyprus News Agency, the work was carried
