€100 mln grant for EuroAsia ends Cyprus energy isolation

The Council of the European Union approved the allocation of a €100 mln grant to the EuroAsia Interconnector electricity interconnection as part of the Recovery and Resilience Plan (RRP) for Cyprus to end its energy isolation. Submitting the national RRP with a cost of €1.206 bln to the European Commission, Nicosia said the EuroAsia Interconnector ends the […]

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maritime cyprus young promotion

Cyprus promotes ‘blue careers’ to school students

Several shipping related courses are now available in local universities that incorporate law, management, and accounting, while a handful of dedicated maritime academies offer vocational marine training, some including on-board internships. In the video, Deputy Minister Vassilis Demetriades joins high school students who talk about the advantages and market-leadership that the Cyprus Flag and the island’s maritime cluster offer, and concludes with, «Let’s

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brexit delays

Brexit postpones hit 75% of UK food makers, expenses to ascend one month from now

Three out of each four British makers have encountered Brexit-related postponements during the previous three months and the public authority should figure out issues that are as yet influencing ports, industry bunch Make UK said on Thursday. Right around 33% of firms endured deferrals of somewhere in the range of one and fourteen days and

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Cyprus among most successful shipping states

IMO: Cyprus among most successful shipping states

Kitack Lim, Secretary-General of the International Maritime Organization (IMO), praised Cyprus as one of the most successful shipping states contributing significantly to the global industry. On Wednesday, Cyprus Shipping Deputy Minister Vassilios Demetriades held an online meeting with the International Maritime Organization’s (IMO) chief to discuss the challenges that global shipping faces. Lim praised Cyprus’

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COVID19: Cyprus economy weaker-than-expected rebound

Uncertainty looms over Cyprus’ economic future as it prepares to exit a prolonged crisis brought on by the pandemic with a less vibrant rebound from recession in 2021. The Central Bank of Cyprus (CBC) said in its medium-term forecasts on key macroeconomic figures that the country “continues to be characterised by an unprecedented uncertainty due

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