Cyprus students offered €100,000 in total shipping grants
Safe Bulkers launches fifth annual shipping scholarship scheme NYSE-listed Safe Bulkers and its CEO, Polys Hajioannou, have announced the company’s 5th annual scholarship programme for the academic year 2026-2027, as part of its Environmental and Social Governance (ESG) initiatives. The programme provides ten scholarships of €10,000 each for studies at university institutions abroad, including in […]
Cambodia expands Sihanoukville Port with new deep-water terminal
The Ministry of Land Management, Urban Planning and Construction has announced a significant expansion of the Sihanoukville Autonomous Port, including the development of a modern deep-water container terminal. The project, funded through concessional loans from the Japanese government, is scheduled for completion in three phases between 2023 and 2030, according to a ministry statement issued […]
August emerges as peak tourism month for Cyprus with record stays
Hotels dominate accommodation market across the EU in 2025 Cyprus witnessed a significant surge in tourism activity as the European Union reached a historic 3.08 billion nights spent at accommodation establishments in 2025. According to a Eurostat report released on Friday, the island’s tourism sector has experienced substantial growth, outperforming several regional averages.In a comparison of […]
Cyprus offers €25,000 tax breaks to lure workers home as MPs cry foul
Lawmakers have attacked the government’s expanded “Minds in Cyprus” tax incentive scheme as creating a two-tier employment system, as the Finance Ministry reported that 600 overseas workers have applied to take advantage of the breaks. MPs on the House Finance Committee warned today that the programme creates unequal treatment amongst employees by offering tax exemptions to newcomers […]
GDP growth rate estimated at 3.6% during Q3 2025
The GDP growth rate in real terms (seasonally adjusted), during the third quarter of 2025 is positive and it is estimated at 3.6% over the corresponding quarter of 2024, according to CySTAT. In the third quarter, the GDP stood at €7,645.9 million. Compared to the second quarter of 2025, the GDP growth rate in the […]
PAS reports strong growth in nine months
Sihanoukville Autonomous Port (PAS) Saturday reported high growth in both cargo throughput and container (TEUs) throughput for the first nine months of the year, signalling robust activity in Cambodia’s vital logistics sector. The figures were shared by the port’s management during a presentation at the My First Stock 2025 session in Phnom Penh last week. […]
Cyprus airports hit record 13 million passengers
Passenger traffic across Cyprus’ airports has exceeded 13 million travellers since January, marking the highest volume ever recorded, according to Hermes Airports. In its announcement, the company said that “for the first time in the history of Cyprus airports, passenger traffic has reached 13 million passengers since the beginning of this year (departing and arriving)”. It explained […]
Global air passenger demand rises 6.6 per cent in October, IATA says
Global air passenger demand rose by 6.6 per cent in October 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA). Total capacity, measured in available seat kilometres (ASK), increased by 5.8 per cent year-on-year, slightly trailing demand. As a result, the global passenger load factor […]
November property sales up 9 per cent as Cyprus heads for a stronger year
Cyprus recorded a 9 per cent annual increase in property sales in November 2025, according to new figures from the Department of Lands and Surveys (DLS). A total of 1,644 sales documents were submitted to district land registry offices, compared with 1,506 in the same month last year. The rise followed a particularly strong October, […]
Airlines eyeing Larnaca’s old airport as interest brings it back into play
Larnaca is being reshaped into a service centre for airlines in the Eastern Mediterranean, with the gradual reuse of the old airport bringing clear benefits to the city. Speaking at Evel, the Chamber of Commerce and Industry’s annual general meeting, president of Larnaca’s chamber, Nakis Antoniou said activity at the former terminal “is progressing at […]
