Cyprus

With the scars still visible on his body 50 years after Turkey invaded Cyprus, Angelos Vougioukas, a member of the Panhellenic Association of Cyprus Fighters of 1974, looks back on the crucial first hours of the Turkish occupation of Cyprus, and the 99 days he spent as a prisoner of the Turkish forces.

An Iranian man, who is currently detained in Cyprus, sought to be released with the aim of deportation due to his involvement in planning a terrorist attack against an Israeli businessman in Limassol.

The future of an electricity cable linking the power grids of Greece, Cyprus and Israel will be cleared up next month when a ruling is expected on whether Cypriot consumers would pick up the tab for the cable's four-year construction costs, Cyprus' Energy minister said on Thursday.

Total deposits in Cyprus last month recorded a net decrease of 44.1 million euros, compared with a net increase of €925.7 million in May, the Central Bank of Cyprus Monetary Financial Institutions (MFIs) Deposits and Loans Statistics for June said, as included in the July 2024 edition of Monetary and Financial Statistics.

Important decisions concerning the Great Sea Interconnector, an electric cable linking Cyprus and Greece, are anticipated in August.

Following a recent visit of the CEO of Greece's ADMIE, the project's implementing body, to Nicosia and the presentation of the cost-benefit study, Cyprus is expected to address the outstanding issues.

The opening of the port of Famagusta to serve members of the Organization of Turkic States is being planned by the authorities in Turkish-occupied northern Cyprus a few days before the arrival of Turkish President Recep Tayyip Erdogan in Cyprus, accompanied by fighter jets and dozens of ships.

Cyprus' Minister of Energy George Papanastasiou on Thursday received the comprehensive cost-benefit study for the Cyprus-Greece (Crete) electricity interconnection, the Great Sea Interconnector (GSI), by the project's implementing body, Greece's Independent Power Transmission Operator (ADMIE).

Inflation in Cyprus amounted to 2.2% for the first half of the year on an annual basis, according to the Cyprus Statistical Service (CyStat).

Compared with the previous six months (July-December 2023), however, the consumer price index eased 0.32%, excluding consumption tax increases.

The Independent Power Transmission Operator of Greece (ADMIE) has been invited to the Cyprus Energy Regulatory Authority (RAEK) next Monday in connection with new evidence on the basis of which it has requested a review of the Cypriot regulator's decision not to allow Cypriot consumers to be charged before the implementation of the Great Sea Interconnector project, a subsea electric cable plann

Home sales in Cyprus surged 31% in 2023 from 2022, the highest increase among European Union countries, according to data released by Eurostat, the EU's statistical service.