Nicosia: The 2026 budget for Cyprus has been established at £10.7 billion, excluding debt servicing costs, as announced by Finance Minister Makis Keravnos. The budget, approved by the Cabinet, is scheduled to be submitted to the House of Representatives on October 2. Keravnos described the budget as balanced and growth-oriented,

Nicosia: The commercial operation of the Competitive Electricity Market in Cyprus is set to commence on October 1st, following the finalization of agreements by 17 market participants on September 26 and 27. These participants have signed on to the contractual framework of the electricity market rules, marking the last preparatory

Limassol: Head of European Investment Bank (EIB) Nadia Calvi±o emphasized the bank’s ongoing commitment to supporting Cyprus, highlighting the island’s vulnerability to climate change, particularly in terms of water resources. During her visit to the EIB-financed West Limassol Wastewater Treatment Plant, Calvi±o remarked on Cyprus’s efforts to adapt to climate

Limassol: The ERATOSTHENES Centre of Excellence has announced the completion of the AI-OBSERVER project, which employs Artificial Intelligence to improve Earth Observation capabilities for Disaster Risk Reduction. According to Cyprus News Agency, funded under the Horizon Europe Twinning programme, the project was realized through a strategic partnership involving the German

Nicosia: Cyprus Finance Minister, Makis Keravnos, warned on Monday of a risk that will be taken if funds for the electricity interconnection project Great Sea Interconnector are allocated, adding that studies indicate that the project is not viable. According to Cyprus News Agency, Keravnos made these remarks following a Council

Nicosia: Revenue from tourism is estimated at £1,891.1 million for the period of January to July 2025, compared to £1,610.4 million in the corresponding period of 2024, recording an increase of 17.4%. According to Cyprus News Agency, the results of the Passengers Survey conducted by the Statistical Service revealed that