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July 2024

economic growth foreign investment

President Highlights Crucial Role of Foreign Investment in Cyprus’ Economic Advancement

President Nikos Christodoulides highlighted the crucial role of foreign investment in Cyprus’ economic advancement, emphasizing the government’s strategic vision for a resilient, competitive economy focused on green and digital transformations. Recognizing foreign investors as key partners, the President outlined three core pillars of economic policy, stressing the importance of structural reforms and strengthening international relationships to drive sustainable economic progress and longterm prosperity.

environment desertification

Combating the Creep of Desertification in Cyprus

Cyprus is fighting desertification with the Terrasafe initiative, supported by the EU. Local experts and farmers are using advanced techniques and technologies to protect the land from soil degradation, aiming to preserve the island’s rural charm for generations to come.

eu council presidency ebu

Cyprus Prepares for EU Council Presidency in 2026

Cyprus is gearing up for its pivotal role in the EU Council presidency in 2026, focusing on collaboration, technological advancements in media, and tackling misinformation. This period is deemed a “flagship event” for enhancing European unity, showcasing Cypriot culture, and strengthening communication through the Cyprus Broadcasting Corporation (CyBC) and the European Broadcasting Union (EBU). President Nikos Christodoulides emphasized the importance of this period, marking it as a “flagship event” for both European and Cypriot broadcasting during the 92nd European Broadcasting Union (EBU) directors’ general assembly held in Limassol.

legal challenge postponement

Postponement in High-Profile Legal Challenge

The highprofile legal challenge involving Auditorgeneral Odysseas Michaelides faces a postponement due to a judge’s medical absence, halting proceedings at the Supreme Constitutional Court. With key dates rescheduled, the case is set to resume on July 10 for Michaelides’ crossexamination, followed by deadlines for closing arguments and responses, highlighting the meticulous nature of the legal process.

energy investment

Eni’s Position in the Cypriot Energy Market Remains Steadfast

Despite rumors of divestment, Eni remains unwavering in its commitment to investing in Cyprus, with plans for the Cronos project advancing steadily. Both Eni’s spokesperson and Cyprus officials have dismissed any talks of selling Cypriot assets, emphasizing the company’s strategic dedication to the region’s energy market.

un cyprus

Escalating Tensions in Cyprus: UN Observations

The UN is closely monitoring rising tensions in Cyprus, emphasizing the need to avoid actions that may exacerbate strain. SecretaryGeneral Antonio Guterres calls for dialogue, consensusbuilding, and reduced militarization to pave the way for a peaceful resolution in the region.

music festivals art workshops

A Weekend Brimming with Culture and Festivities

This July weekend in Cyprus is set to be a vibrant mix of cultural events: from the pulsating beats of the Loud Music Festival in Limassol to the global sounds of the AfroBanana Festival in Pano Lefkara, and the tranquil Lavender Festival in Platres village. Dive into the artistic world with a Printmaking Workshop in Fini village and end the weekend with laughter under the stars at the GoetheInstitut’s free screening of “Toni Erdmann.”

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