Stability in prices, notable rise in apartment rents
Cypriot real estate market analytics firm Ask Wire on Friday released its Q2 2024 edition of the Ask Wire Index, detailing property sale and rental values across the island. The Index, ...
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28 essential goods see price increases in June
In June, 28 out of 45 basic product categories saw price increases, with 24 of these categories rising by less than 3 per cent from the previous month. This information comes from the Consumer ...
Cyprus Business Now
In June, Cyprus’ annual inflation rate, as measured by the Consumer Price Index (CPI), remained steady at 3 per cent, mirroring the previous month’s figure.
Notable price increases were observed ...
Construction materials see decrease in prices
Building material prices have decreased, according to data released by the Cyprus Statistical Service (Cystat)
The Construction Materials Price Index for June 2024 stood at 117.47 points (with 2021 as the base year ...
LOT airline resumes flights to Cyprus after 2-year break
The Polish airline LOT has announced the resumption of its flights to Larnaca Airport, with four per week during the winter season. According to a press release from the deputy ...
Cyprus inflation holds steady at 3% in June
In June, Cyprus’ annual inflation rate, as measured by the Consumer Price Index (CPI), remained steady at 3 per cent, mirroring the previous month’s figure. Notable price increases were observed ...
Cyprus Business Now
Solutions must be in place to help ship owners with navigating the complex challenges of complying with the new FuelEU Maritime regulations, said Columbia Group.
With the introduction of FuelEU ...
Arrivals surpass previous year’s says minister
Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry.
...
UK leads as top source of tourists to Cyprus
Tourist arrivals in Cyprus displayed a slight yet steady increase in June 2024, recording a 5.5 per cent rise to 482,261 compared to 456,985 in the previous year, according to the Cyprus Statistical Service (...
Financial analysts’ society elects new board
The Chartered Financial Analyst (CFA) Society Cyprus elected a new board of directors at this week’s AGM.
Nikos Potamaris is the new board chiarman, succeeding Andreas Kleanthous, while Konstantinos ...
Complying with FuelEU regulations, says Columbia Group
Solutions must be in place to help ship owners navigating the complex challenges of complying with the new FuelEU Maritime regulations, said Columbia Group.
With the introduction of FuelEU Maritime ...
Cyprus Business Now
Representatives of Cyprus’ Research and Innovation Foundation (RFI) and the Japan Science and Technology Organisation (JST) recently met in Nicosia to establish collaborations in cutting-edge fields such as artificial intelligence, ...
Cyprus real estate market faces a slowdown
The Central Bank of Cyprus (CBC) has reported a deceleration in the House Price Index (HPI) for houses and apartments in the first quarter of the year 2024. This trend is ...
Polis to be transformed by €141m projects
Projects worth €141 million are set to transform the Polis Chrysochous area in the coming years, said the mayor Yiotis Papachristofis. Among these developments is the €60m expansion of the harbour ...
AI Hack Lab
Prepare to dive into the forefront of AI technology and explore groundbreaking topics such as running large language models (LLMs) on local machines, mass AI adoption, AI in Rust, and ...
Transport sector experiences reduced turnover
The transport sector has witnessed a decline in turnover, according to the latest data released by the Cyprus Statistical Service (Cystat).
The turnover index for transport and storage in the ...
Cyprus and Japan explore hi tech cooperation
Representatives of Cyprus’ Research and Innovation Foundation (RFI) and of the Japan Science and Technology Organisation (JST) recently met in Nicosia, to establish collaborations in cutting-edge fields such as artificial ...
Island Oil Holdings issues inaugural ESG report
Island Oil Holdings, a diverse conglomerate specialising in the supply and trading of marine fuels, has released its inaugural environmental, social, and governance (ESG) report, encompassing the fiscal years 2022 and 2023.
...
Cyprus innovation ecosystem gathers at RIF event
Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou used his participation at a recently held event by the Research & Innovation Foundation (RIF) to praise Cyprus’ performance in ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting July 8:
Cypriot tech-driven analytics firm Ask Wire released a comprehensive assessment on Monday of fire risk in the ...
Aegean Airlines carries 4.4 million passengers in second quarter
Greek airline Aegean on Friday announced that it carried 4.4 million passengers during the second quarter of 2024, recording an 8 per cent increase in passenger traffic.
Furthermore, it reached a total of 7.3 ...
AstroBank opens new branch in Dali
Cypriot lender AstroBank announced on Thursday the opening of its new branch in Dali, Nicosia, marking the 15th location in its expanding network.
In its announcement, the bank noted that ...
Cyprus hotels say season entails €25 million hit
The tourism sector in Cyprus faces a significant downturn this year, with an estimated 30,000 fewer visitors and a loss of approximately €25 million, according to the president of the hotelier’s ...
Cyprus’ innovation ranking ‘a significant success’
The Research and Innovation Foundation (RIF) this week commented on the latest results from the European Innovation Scoreboard 2024, which once again reaffirms Cyprus’ progress in the field of innovation, classifying ...