New Drilling at Aphorodite field in 2023 - The Minister of Energy, Commerce and Industry Natasa Pilides announced on Thursday that development of the Aphrodite field in Cyprus' exclusive economic zone will continue with an additional offshore drilling taking place in the first quarter of 2023. The announceme... more

Cyprus supports Green Tech in Med - Cyprus supports the creation of a common platform for the supply of natural gas, as well as the EU providing financial support for innovative green technologies to mainly address the needs of the Southern Mediterranean, the permanent secretary of the Ministry of Energy, Marios... more

Strategic Collaboration WTCCY & BOUSSIAS Cyprus - The launch of the strategic collaboration of WORLD TRADE CENTER CYPRUS and BOUSSIAS Cyprus was successfully held on Tuesday, June 21, 2022, at the Four Seasons Hotel, in Limassol. Mr Mehran Eftekhar, Director of WORLD TRADE CENTER CYPRUS , mentioned in his s... more

Independent Authority Committee against corruption - The President of the Republic Nicos Anastasiades on Tuesday announced the appointment of the Transparency Commissioner and the members of the Independent Authority against Corruption. As Government Spokesman Marios Pelekanos said in a written statement, President Anastasia... more

Cyprus to export natural Gas by 2026 - Cyprus is targeting first natural gas exports by 2026 via the “Aphrodite” gas field, Minister of Energy, Commerce and Industry Natasa Pilides has said. Speaking after a hearing of the parliamentary committee of Commerce, Pilides said there are many options concerning natura... more

UFG upgrades Cyprus as a destination for funds - The Cyprus Investment Funds Association welcomes the decision of the global mogul, MUFG Investor Services, to establish a European base in the country. MUFG, the global asset servicing arm of Mitsubishi UFJ Financial Group, announced the expansion of its franchise via the est... more

Cabinet approves 2 new energy-saving grant schemes - Two new grant schemes were on Wednesday announced by the energy ministry totalling € 49 million, for the energy upgrade of small and medium enterprises (SMEs), non-profit organisations (NGOs), local government authorities and broader public sector bodies. The main goal is to ... more

Energy Minister Announces Grant Schemes Worth €158 - Grant schemes, worth €158 million, will be made available in 2022, Minister of Energy, Trade and Industry Natasa Pilides announced during an online workshop, on Wednesday, 16 February. Pilides stressed that the Ministry is continuing for the second year its ambiti... more

Approval of €657 million for EuroAsia Interconnect - The €657 million funding from the EU on the EuroAsia Interconnector paves the way for implementation of the electricity connection between Cyprus, Greece and Israel and ends Cyprus’ energy isolation, Minister of Energy, Commerce and Industry Natasa Pilides said on Thursday,... more

Cyprus Economy in 2021 - Financial Statistics - The Cypriot economy in 2021 recovered the output lost during the 2020 Covid crisis and will continue to grow at an average rate of 3.7% in the years 2022–2024, the Central Bank of Cyprus expects. In its economic bulletin, it also stresses that risks to the baseline scenari... more