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Collaborative Sea Venture by Bank of Cyprus for Marine Conservation

Recent research into the environmental health of the Blue Lagoon area on the Akamas Peninsula has yielded important insights, particularly concerning biodiversity, water and sediment quality, and underwater noise pollution. The study found that while tourism activities haven't had a significant impact on the biodiversity of the Blue Lagoon, the noise pollution from vessels—during their arrival, mooring,...

Cyprus Tax Department Audits Properties Purchased with Preferential VAT Rate

In July, the Cyprus Revenue Authority conducted thorough audits on properties that were purchased or constructed with the benefit of a reduced VAT rate. These inspections primarily focused on housing units in the Free Famagusta area, with around one thousand properties being examined. During these on-the-spot audits, the department identified over 50 significant violations related to property tax...

A Tourist’s Frustration with Cyprus’ Ancient Sites

On a scorching July afternoon, about five weeks into my stay in Nicosia, I decided to explore some of Cyprus' most famous archaeological sites: the Tomb of the Kings and the Kato Paphos Archaeological Park. I expected to be awed by these historical wonders, but instead, I found myself struggling to grasp even the basics of what I was seeing. There’s no denying the immense historical value of these...

New “Co-Develop” Funding Program Launched by the Research and Innovation Foundation

The Research and Innovation Foundation (RIF) has unveiled a new initiative, the "Co-Develop" funding program, which boasts a total budget of €6 million. This program is designed to address practical challenges by fostering collaboration between researchers and businesses in key sectors such as digital technologies, advanced agriculture, healthcare, and environmental sustainability. The primary...

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