1 week ago Alma accuses government of favouritism over ‘Aqua Residences’ approval

Former auditor-general Odysseas Michaelides new political party, named Alma in a statement on Monday raised strong objections to the environment department’s recent approval of the “Aqua Residences” project in Larnaca. “The environment department gave a positive light on the construction of two 20-story towers on the beach of the former refineries of the Municipality of […]

Politics

1 week ago Tesla launches robotaxi test but experts warn of long road to scale

Tesla (TSLA.O) finally has a robotaxi. Now comes the hard part. The electric-vehicle maker deployed its first-ever driverless cabs in Austin, Texas, on Sunday in a small-scale test of carefully monitored Model Y vehicles. Next, the company faces the steep challenge of executing on CEO Elon Musk’s ambition to refine the software and upload it […]

Events

1 week ago New €2.5m electric vehicle subsidy plan expected to be exhausted early

The government’s new subsidy plan for electric vehicles is expected to be fully claimed before its official deadline, Transport Minister Alexis Vafeades said on Saturday, pointing to considerable interest from car importers and the public. With the new plan, Vafeades said, the government would invest state resources amounting to €2.5 million. “Therefore, we are starting […]

Politics

2 w. ago Cyprus Business Now: taxes, workforce, electric vehicle scheme, seafarers

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for work between 2021 and 2023. The total salaries declared by these employees reached €1.31 billion, with exemptions ranging between 20 and 50 per cent depending on […]

Economics

2 w. ago Cyprus launches €2.5M plan to support electric and hybrid vehicle buyers

Cyprus launches €2.5M plan to support electric and hybrid vehicle buyers  Kathimerini.com.cy

Politics

2 w. ago Government approves €2.5m scheme to support electric vehicle uptake

The Cabinet on Wednesday approved a new €2.5 million scheme to promote the adoption of electric vehicles in Cyprus, according to Transport Minister Alexis Vafeades. He said the plan aims to strengthen the market for electric and hybrid vehicles through government funding, adding that electric mobility is a key priority for Cyprus and essential to […]

Politics

2 w. ago CTC Automotive Ltd delivers 24 Hyundai IONIQ 6 electric vehicles to Transport Ministry

A total of 24 brand-new electric Hyundai IONIQ 6 vehicles have been delivered by CTC Automotive Ltd to the Transport, Communication and Work’s Ministry’s Department of Electromechanical Services to serve the needs of government officials. The impressive IONIQ 6 moves near silently on the road, ensuring a premium driving experience, and stands out with its […]

Sport

3 w. ago Nissan launches new Leaf in push to revive its electric mojo

Nissan (7201.T) is betting on a new version of its Leaf electric vehicle (EV) to revive its fortunes, having gone from mass-market EV pioneer to laggard since its first model entered showrooms in 2010. The Japanese carmaker’s third-generation Leaf was launched on Tuesday and will go on sale in the United States in the autumn, […]

Politics

3 w. ago Tesla’s public robotaxi rides set for tentative June 22 start, CEO Musk says

Tesla (TSLA.O) tentatively plans to begin offering rides on its self-driving robotaxis to the public on June 22, CEO Elon Musk has said, as investors and fans of the electric vehicle maker eagerly await rollout of the long-promised service. Musk has staked Tesla’s future on self-driving vehicles, pivoting away from plans to build a cheaper […]

Technology