Cypriot government

Cyprus has taken a big step toward its energy future with the launch of the floating natural gas plant Prometheua from Shanghai. Cypriot government spokesman Konstantinos Letymbiotis announced the news, confirming that Prometheus departed at 1.30 a.m. Greece and Cyprus time on Saturday and has already sailed beyond China's territorial waters.

The Cypriot government will present its blueprint for a tax reform in early 2025, Finance Minister Makis Keravnos announced.

Cypriot President Nikos Christodoulides and US President-elect Donald Trump reaffirmed their commitment to further strengthen the strategic partnership between Cyprus and the US during a telephone discussion on Thursday. 

The Cypriot government is stepping up efforts to strengthen the framework for public works contracts following the unfortunate cancellation of the Paphos-Polis road project. With the first phase of the project at risk of long delays, the Public Procurement Authority is introducing new conditions for public works tenders to minimize the time required to find a new contractor.

The “abandonment” of Antonis Samaras is spreading, just hours before the ND Disciplinary Board meeting, which is expected to confirm his second expulsion from the governing party.

Cyprus will reach a decision this month on whether the Cypriot state will join a subsidiary formed by Greece's Independent Power Transmission Operator (ADMIE) for the development of an electrical grid interconnection linking Crete and Cyprus, according to a leading Cypriot government official.  

Cyprus' Interior Minister Constantinos Ioannou presented on Wednesday solutions for resolving issues faced by "stranded buyers" to the Parliamentary Committee on Legal Affairs, addressing about half of the nearly 9,500 pending cases.

The Cypriot government aims to strengthen wage adequacy in line with European guidelines, with a focus on middle and low-income employees, the Ministry of Labor and Social Insurance said on Friday.