Cyprus and Bahrain discuss tourism ties, air connectivity
Deputy Minister of Tourism Kostas Koumis and Ambassador Khaled Yusuf Ahmed Al Jalahma from the Kingdom of Bahrain, who is based in Tel Aviv, held a meeting on Tuesday in ...
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Keve event educates businesses on cybersecurity issues
To enhance and raise awareness among businesses on issues related to cybersecurity, the Cyprus Chamber of Commerce and Industry (Keve), in cooperation with the Digital Security Authority (DSA), co-organised the ...
Cyprus minister in Abu Dhabi for energy conference
Energy Minister George Papanastasiou is currently in Abu Dhabi to participate in the 14th Session of the Assembly of the International Renewable Energy Agency (IRENA), scheduled to take place from ...
South African property giant invests in Nicosia malls
Pareto Limited, a major shareholder in Atterbury Europe Holding B.V., has agreed to exchange part of its debt exposure in Atterbury Europe for a direct interest in both the ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting April 8:
Minister of Agriculture, Maria Panayiotou, recently lauded the economic significance of the wine industry and unveiled plans ...
Cyprus Business Now
The interior ministry on Friday officially announced that elections for European Parliament and local government would be held on Sunday, June 9. The deadline to submit a candidacy was set for ...
Bank of Cyprus marks 125th anniversary
A long journey of milestones, difficult moments, and achievements for the country’s largest financial institution was how the Bank of Cyprus described its 125-year history.
A vision that took ...
Cyprus’ betting revenue tops €1 billion in 2023
Revenues from betting activity within Cyprus recorded an upward trend for another quarter, thereby confirming the dynamic and steady growth of the sector.
According to the financial results announced by ...
Cyprus apartment sales €154m in Q4 2023
In Q4 of 2023, two-bedroom apartments were the main attraction for buyers in Cyprus, according to Ask Wire‘s findings, which emerge from continuous monitoring of the development of 421 high-end projects ...
Cyprus’ economy in January and February 2024
The Cyprus Statistical Service (Cystat) has announced the release on Friday, of its bimonthly bulletin, “Monthly Economic Indicators,” covering the period of January to February 2024.
Focusing on specific sectors, the ...
Climate change another challenge for tourism
The effects of climate change was one more challenge the tourism industry would have to cope with, said Christos Angelides, the president of the Pancyprian Association of Hotel Managers (Pasydixe).
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Cyprus Business Now
In March 2024, total government employment in Cyprus reached 54,751 persons, as reported by the Cyprus Statistical Service (Cystat). Within this total, 23,208 individuals were employed in the Civil Service, 17,617 in the Educational ...
Cash support for young entrepreneurs
The Ministry of Energy, Commerce and Industry has announced the second phase of the New Business Activity Support Plan, amounting to €20 million.
This Plan forms part of the “THALEIA” Programme ...
I-STARS offers cash for sustainable tourism
The I-STARS project, aimed at promoting sustainable tourism in Europe, has completed the selection process of a total of 125 tourism businesses from Cyprus, Greece, Ireland, Italy, and Spain, each receiving ...
Bank of Cyprus marks 125th anniversary
The Bank of Cyprus proved its resilience, navigating the rough seas of the 21st century and emerging stronger, said group chairman Takis Arapoglou in an event the 125th anniversary of ...
PwC Cyprus integrates ChatPwC in its daily operations
Following the demands of the modern era, PwC Cyprus has strategically integrated ChatPwC – an innovative generative artificial intelligence assistant (GenAI) – into its operations, thereby granting its people the ability to ...
Government employment in March
In March 2024, total government employment reached 54,751 persons. According to the Cyprus Statistical Service (Cystat) on Thursday, a report showed that within the Civil Service, 23,208 people were employed, whereas the Educational ...
Posidonia 2024 marks the rebirth of the Greek shipbuilding industry
Posidonia 2024 is set to mark the rebirth of the Greek shipbuilding industry, with over 85 shipyards from 26 countries already confirmed to showcase their vessel design and production innovations from June 3-7.
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Cyprus Business Now
The profitability of the Cyprus banking sector remarkably spiked by an annual 644 per cent in 2023, reaching €1.27 billion. This significant increase was fueled by the high-interest environment, according to data released ...
Cyprus promoted in Japan as emerging tech hub
Commerce minister Giorgos Papanastasiou and the Republic’s Chief Scientist for Research, Innovation, and Technology, Demetris Skourides, were recently in Japan to promote Cyprus as a base for international business ...
CIFA engages in constructive dialogue with the Cyprus Securities and Exchange Commission to propel the industry forward
Members of the recently elected Board of the Cyprus Investment Funds Association (CIFA) met with the President, George Theocharides, the Vice President, George Karatzias, and key executives from the Cyprus ...
Famagusta appeals to Polish tourists
There was increased interest in organised trips from Poland to the Famagusta district during a roadshow in Poland by the Famagusta Tourism Board (Etap) and hoteliers of the district.
The ...
Koumis wants tourism cooperation with other countries
Deputy Minister of Tourism, Kostas Koumis has stressed the importance of international collaboration to overcome the widespread challenges facing the tourism sector.
Speaking at the 70th Session of the Europe ...
Decrease of 0.5% in the number of building permits
In January 2024, a slight decrease of 0.5 per cent was observed in the number of building permits issued by municipal authorities and provincial administrations, compared to the same month in 2023, as ...