Cyprus economy - highest growth rate in 5 quarters - The Cypriot economy exhibited its highest growth rate in the last five quarters during the first quarter of 2024, with Gross Domestic Product (GDP) increasing by 3.5 per cent compared to the same quarter of 2023, according to a preliminary estimate by the Cyprus Statistical Se... more

20 years WTC Cyprus - We are proud to announce our 20-year anniversary as WTC Cyprus license holder. For 20 years we have been committed to serve the business community promoting the WTC Brand. Over the years, in Cyprus, our World Trade Center is a key player in providing Trade Services, Event Org... more

Wealthy migrants are welcome in Cyprus - Cyprus is considering easing residency permit requirements for wealthy foreign nationals under a proposed bill. The proposed legislative changes would grant residency permits to third-country nationals who invest €250,000 in housing and have an annual income of €40,000. Acco... more

2023 record year for property sales in Cyprus - Demand for luxury apartments in high-rise developments set to decline Limassol dominated the real estate market in 2023, accounting for 41 per cent of the total sales value across the country in a year a Deloitte report published on Tuesday described as record breaking. Th... more

World Cybersecurity Summit held in Nicosia,Cyprus - We're excited to share with you the highlights from the recent World Cybersecurity Summit 2024, a significant event under the auspices of WTC Cyprus in collaboration with our esteemed partners, Boussias Cyprus. Held on the 28th of March, the summit marked a pivotal moment in ... more

Eni Total confirm ‘excellent’ natgas at Cronos 2 - Italy’s Eni and French TotalEnergies confirmed Thursday, March 7 the extension and “excellent” well deliverability at their joint natural gas field within the Cronos discovery in the Cyprus offshore exclusive economic zone. The announcement comes a month after their explorati... more

Photovoltaics for ALL in Cyprus - The Cabinet has greenlighted the implementation of the ‘Photovoltaics for All’ scheme, subsidising up to 6,000 homeowners to install solar systems on their roofs, which will be up and running from the end of next month. The subsidy scheme comprises five distinct categories, e... more

Cyprus' 3.7% greenhouse gas stands out in EU - In the third quarter of 2023, greenhouse gas emissions through economic activity had increased by 3.7% in Cyprus and decreased by 7.1% across the EU, compared with the same quarter of 2022, according to the latest quarterly estimates published by Eurostat, the statistical serv... more

Aim for all new cars to be electric by 2035 - The government aims for all new cars bought in Cyprus to be electric by 2035, spokesman Konstantinos Letymbiotis said. He said the current target entails 25 per cent of new cars registered in the country to be fully electric in 2030, with a view to all newly registered vehicl... more

Cyprus expects to produce natural gas by 2026 - Cyprus could start producing its first natural gas as soon as 2026, and plans to participate in a high-powered electricity cable project linking the eastern Mediterranean to continental Europe, its energy minister told Reuters. Gas production, and a hook-up to power markets o... more