Nestled off the northeastern tip of Cyprus, the Klides Islands offer a unique glimpse into the region's history and natural beauty. This archipelago of six islets, located opposite Cape Apostolos Andreas on the Karpaz Peninsula in Northern Cyprus, is a fascinating destination for explorers, birders and history enthusiasts alike — even though almost no one ever sets foot on them. What Are the Klides...
The Council of Ministers has revised the strategy aimed at attracting foreign businesses to Cyprus, Finance Minister Makis Keravnos announced. The revised strategy aims to further expand the presence of these businesses in Cyprus, emphasizing their role in creating new jobs, attracting know-how, and significantly increasing the value of the Cypriot economy. “Recognizing the importance of this...
Cyprus has one of the highest levels of fossil fuel use in the European Union. This is despite the fact that the EU's overall dependence on fossil fuels has decreased significantly in recent decades. The methodology for calculating this takes into account the ratio of fossil fuels to the total energy demand of a country or region. The EU's dependence on fossil fuels in its total energy supply was 70.9%...
President Nicos Christodoulides and a delegation from the Abu Dhabi National Energy Company (TAQA) discussed a list of infrastructure initiatives and development projects in Cyprus in which the Emirati company could invest. The visit by TAQA representatives was a follow-up to the visit to Cyprus by the UAE's Deputy Minister of Foreign Affairs for Trade and Financial Affairs in the summer of 2023. The...
The luxury real estate market in Cyprus on 28 October 2026: Land Registry contracts and transfers by district and buyer origin, price indices, upper price bands, supply, 2026 taxes, financing and dated report conclusions.
Cyprus aims for a complete switch to electric vehicles by 2035 — a target that says as much about the island's long-term infrastructure planning as it does about transport policy, and one worth understanding if you're weighing a property purchase there. The Republic of Cyprus has set a goal of completely switching consumers to electric cars by 2035. This statement was made by government spokesman...
The government of the Republic of Cyprus has increased the monthly rent paid by those who use Turkish Cypriot properties. The cost of rent has increased from 50-100 euros to 1200-2700 euros. The decision to increase the rent was made by the country's Ministry of Interior. According to the publication Fileleftheros, this was done to relieve taxpayers from the annual burden of strengthening the Turkish...
A team of Israeli geologists has made a significant discovery while exploring the seabed off the coast of Cyprus. They have found a previously unknown underwater canyon, named the Eratosthenes Canyon, located at a depth of 500 meters and measuring 10 kilometers in width. Formation and Significance: The researchers believe that the canyon was formed during the Messinian period, approximately 5.5 million...
Cyprus has the fourth highest number of cars per capita in the European Union, with 658 cars per 1,000 inhabitants, significantly exceeding the EU average of 560. Key findings: Italy has the highest car ownership rate in the EU (684 cars per 1,000 inhabitants), followed by Luxembourg (678), Finland (661), and Cyprus (658). Latvia has the lowest car ownership rate (414 cars per 1,000...
The Cyprus real estate market defied expectations in the final quarter of 2023, exhibiting resilience and growth amidst global economic headwinds. Despite inflationary pressures, rising interest rates, and a higher cost of living, key indicators point towards a thriving market primed for continued success. Market Highlights: Significant transactions: 3,534 properties changed hands in Q4 2023,...
