Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting May 29: A new plan is expected in the coming days to...
BusinessTop
Famagusta businesses seeking government incentives
‘We have the right to develop at the same pace as other districts’ By Kyriacos Nicolaou The state should provide the necessary incentives so that...
Cyprus tourism revenue soars — British and Israeli tourists lead the way
Cyprus’ tourism revenue experienced a remarkable increase of 41.5 per cent in March 2023, according to a report released on Friday by the state’s statistical...
Global airline summit to tackle travel boom, climate goals
Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return...
Government generates €291.9 million in first quarter surplus
Cyprus’ general government generated a surplus of €291.9 million in the first quarter of 2023, equivalent to 1 per cent of GDP, according to a...
Limassol aspires to become regional port of choice, says new CEO
Port management company DP World Limassol on Thursday released a statement announcing that Simon Pitout has been appointed as the company’s new chief executive officer,...
Russian clothing brands plug gap left by Western rivals
Russian designers and brands are helping the retail sector gradually recover from a turbulent 15 months of store closures and slumping demand, with new labels...
Apartments outshine houses in booming Larnaca property market
A total of 1,929 apartments and 864 houses were sold during the previous year Cypriot firm Ask Wire on Wednesday released a report detailing real...
Cyprus Airways to launch new Greece route
National flag carrier Cyprus Airways this week announced the launch of a new route between Larnaca and Preveza, which is set to begin on June...
ECB warns of hit to top European banks if funds run into trouble
The euro zone’s top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise...
