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Cyprus Reopens Applications For Digital Nomad Visa For Remote Professionals

Cyprus is stepping up its game in the global digital economy with its Digital Nomad Visa scheme, designed to attract top remote talent from outside the EU and EEA. The initiative, overseen by the Deputy Ministry of Migration and International Protection, allows non-EU professionals working in the tech and digital services sectors to live in Cyprus while maintaining contracts with international clients or companies.

The program is part of Cyprus’s broader strategy to establish itself as a prime hub for digital services. With its business-friendly environment, competitive tax system, and Mediterranean lifestyle, the country aims to create a thriving ecosystem for remote professionals, ultimately boosting economic growth and innovation. For more details on eligibility and the application process, visit the Migration Department’s official website.

August 2025 Fuel Sales Decline Slightly Year‐Over‐Year Amid Shifting Demand Dynamics

Recent data from the Statistics Agency reveals that overall fuel sales in August 2025 reached 123,378 tonnes, marking a modest 1.0% decline compared to August 2024. Month‐on‐month figures further highlight a 14.8% drop from July 2025, signaling notable shifts in demand across various fuel categories.

Sector Breakdown and Performance

Detailed analysis indicates significant contractions in several segments. Sales of heavy and light marine fuels experienced steep declines (-100.0% and -70.6% respectively), while asphalt, liquefied petroleum gas, diesel fuel, heating oil, and gasoline registered decreases ranging from -11.5% to -0.1%. In contrast, supplies for specialized applications saw growth, with marine fuel for ships increasing by 41.4% and aviation fuel by 12.8%.

Retail and Monthly Trends

Fuel sales from retail stations fell by approximately 1.1%, amounting to 54,605 tonnes during the month. A closer examination of the month‐to‐month performance reveals that marine fuel supplies dropped by 35.2%, diesel sales declined by 20.2%, and gasoline fell by 8.7%, even as aviation fuel supplies saw a slight rise of 1.5%. Additionally, overall petroleum stock levels decreased by 9.6% at the end of August compared to the previous month.

Year‐to‐Date Growth Amid Annual Shifts

Despite the August downturn, cumulative figures for January through August 2025 show a 3.8% increase in total fuel sales relative to the same period last year. This juxtaposition of short‐term declines against year‐to‐date growth underscores the complex market dynamics at play, driven by shifting consumption patterns and sector-specific variances.

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