Pedalion Yachting in prestigious tie with Lilybaeum Yacht
Pedalion Yachting has partnered with Lilybaeum Yacht to become the sole distributor of Lilybaeum boats in Cyprus, offering sophisticated maritime elegance to the region.
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Forestry department warns against illegal tree felling
Felling trees for Easter bonfires in Cyprus is illegal and punishable by a fine of up to €5,000 and/or imprisonment of up to one year. No permission will be given to cut down trees for bonfires, and the forestry department urges extra caution due to higher-than-usual temperatures during Easter celebrations. Lighting fires in state forests or within 2km of their edges is prohibited and punishable by imprisonment of up to ten years and/or a fine of up to €50,000. Smoke or fire in or near a forest should be reported to the nearest forestry station or by calling 1407 or 112.
Beeology offering Easter candles of 100% beeswax
Fact: Beeology has prepared a unique range of Easter candles this year, which are handmade and crafted entirely of beeswax in five different designs, each emitting a subtle natural fragrance.
OPAP calls Cyprus to take part in , ‘Wings for Life’ charity run
On May 5, 2024, Cyprus will participate in the “Wings for Life World Run” event to support research for a spinal cord injury cure. The event will take place simultaneously in multiple countries around the world. OPAP Cyprus is supporting the event and encourages people to sign up and participate virtually through the “Wings for Life” application. The event has raised €44.1 million to date and has had over one million participants from 195 countries.
Cyprus, ’ cash reserves to aid government amid global uncertainty
The Public Debt Management Office (PDMO) released its annual report for 2023, stating that the robust cash reserves of the Republic of Cyprus are expected to support the government in addressing uncertainty in the global economy. The report highlighted that the strong cash position of Cyprus will help limit negative impacts on cost-risk indicators to moderate levels. Additionally, the reduction in debt in 2023 amounted to €740 million, mainly due to strong economic growth. The majority of Cyprus’ short-term debt is distributed over the period 2024-2028, with 2028 representing the year with the highest annual debt maturity concentration. The PDMO intends to issue at least one benchmark bond per year to cover the government’s financing needs. The surpluses of the Social Insurance Fund are invested in the government annually, with investments amounting to €10.61 billion at the end of 2023.
Anisur Rahman, ’s body repatriated back to Bangladesh
Fact: The body of 24-year-old Anisur Rahman was being repatriated to his native Bangladesh.
An intimate look at the place of women
Fact: Fani Agisilaou, a Cyprus-based artist, aims to reveal the resilience, beauty, and inherent vulnerability of women through her work.
Christodoulides , ‘tried to prevent’ case against auditor-general
President Nikos Christodoulides attempted to prevent a case being filed for the removal of Auditor-General Odysseas Michaelides, but his efforts were unsuccessful. Odysseas Michaelides has until May 17 to object to the case brought to the Supreme Constitutional Court to have him removed from his role. Michaelides’ legal team will not contest that attorney-general George Savvides has no right to apply to have him relieved of his duty, but will make this case later during legal proceedings.
Cyprus real estate agents back property law amendment
The Cyprus Real Estate Agents Registration Council supports a new government bill that proposes changing property valuations from every three years to every five years to lighten the workload on the Department of Land and Surveys.
Cyprus residents spent , €1.39 billion on travel in 2022
Cyprus residents’ spending on travel abroad reached €1.39 billion in 2022, with a total of 158,294 residents embarking on international trips for personal reasons.