Synopsis: Outward FDI is also a sign of increased competitiveness, as firms seek to expand their market share, access resources, and acquire new technologies in other countries. Cambodia’s cumulative Foreign Direct Investment (FDI) outflow stood at over $1.7 billion until last year, the World Investment Report 2025, published by the United Nations Conference on Trade […]

Revenue from tourism for the period January-May 2025 is estimated at €955.8m compared to €751.2m in the corresponding period of 2024, recording an impressive increase of 27.2%, according to data published by CySTAT. Based on the results of the Passengers Survey, in May, revenue from tourism reached €373.3m, recording an increase of 20.2% as compared to […]

The next couple of months will see crucial developments regarding the future commercialisation of the Kronos offshore gas field, the energy minister said on Thursday. George Papanastasiou said important talks were held in Nicosia last week between himself and Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources. Taking part in the talks were senior […]

The energy regulator on Thursday gave a provisional green light to the payment by Cyprus of €25 million to the project promoter for the Great Sea Interconnector, the planned subsea electricity cable linking the island to Greece. In a statement, the Cyprus Energy Regulatory Authority (Cera) said it has approved the payment of €25 million […]

Local wines can now be enjoyed with home-cooked dishes Letymbou village is famous for its vineyards, which inspired Theodoros to build his modern boutique winery found just outside the village, near his vineyards. He is the fourth generation to make wine, but the first who dared to promote it on a commercial basis. Established in […]

A good glass of local wine and a full moon sounds like the perfect pair. As long as the person serving it to you knows what makes good wine and Cascadeur in Lympia certain knows all about oenology. Though the popular bar is closing its doors in August, it is travelling to a few villages […]

Sepaga E.M.I. has announced a new partnership with Cellock Ltd and the launch of the 7 Seas E-Wallet, a mobile banking solution designed specifically for the shipping industry. The announcement marks a significant step in addressing common transactional challenges faced by shipping companies, seafarers and suppliers. The 7 Seas E-Wallet has been developed to enable […]

Keve and Oev call for active support from Cypriot businesses The Cyprus Chamber of Commerce and Industry (Keve) on Thursday issued a statement to clarify the origins and purpose of the “Minds in Cyprus” platform, following what it described as “misleading announcements” that surfaced yesterday. Keve explained that “the platform was created as a result of […]

Whether you are searching for your dream home at the best possible price or a high-yield investment in Cyprus’ most sought-after locations, the Life Realty Summer Collection is designed with you in mind. This first edition of our Summer Collection features 50 carefully-selected properties chosen by our experienced team. Each home is in excellent condition and priced extremely competitively, […]

Revenue from tourism in Cyprus for the first five months of the year is estimated at 955.8 million euros, compared to €751.2 million in the January-May period of 2024, recording an impressive increase of 27.2% year-on-year, according to data published by the Cyprus Statistical Service (CyStat) on Wednesday. Based on the results of the latest […]

Italian fashion house Roberto Cavalli has announced its first residential project in Europe, partnering with Cyprus-based Leptos Group on a €200 million luxury tower development in Limassol. The 30-storey Cavalli Tower at Limassol Blu Marine marks the designer brand’s debut in the Mediterranean luxury residential market and represents the first Cavalli-branded property development in Europe. Located […]