Transport and storage turnover up in 2024

Transport and storage turnover up in 2024

The Transport and Storage Turnover Value Index recorded a 1.6% increase in the period January-December 2024, compared to the same period in 2023, according to Cystat. In the fourth quarter of 2024, the index reached 142.4 points (base year 2021=100), marking a 2.2% year-on-year increase. By economic activity, significant growth was observed in water transport […]

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Larnaca, Paphos airports exceed 500,000 passengers

Larnaca, Paphos airports exceed 500,000 passengers

Larnaca and Paphos airports exceeded the 500,000-passenger threshold in February, the first time ever for this month, recording an annual increase of 8%, while passenger traffic has increased by 7.39% since the beginning of 2025, compared to 2024, according to an announcement by the Ministry of Transport, Communications and Works. The Ministry said that Larnaca and […]

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PwC Cyprus completes Scale Up 2 programme — focus on women-led startups

PwC Cyprus completes Scale Up 2 programme — focus on women-led startups

The PwC Cyprus Foundation on Thursday announced the successful completion of its Scale Up 2 Programme, a global PwC initiative designed to accelerate the growth of promising startups. This year, for the first time, the programme placed a strong emphasis on women-led startups. The company said that this aimed to acknowledged “the unique challenges faced by female entrepreneurs and equipping them with the […]

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Damianou calls for more investment in cybersecurity for SMEs at EU meeting

Damianou calls for more investment in cybersecurity for SMEs at EU meeting

Deputy Minister of Research Nicodemos Damianou has called for increased public funding and private investments in cybersecurity for small and medium enterprises (SMEs), during an informal EU telecommunications ministers’ meeting. The call aligns with the EU’s broader strategy to bolster resilience against growing cybersecurity threats.  The meeting also saw the ratification of the ‘Warsaw Call on cybersecurity […]

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Cyprus airports hit milestone with half a million passengers in February

Cyprus airports hit milestone with half a million passengers in February

Cyprus’ Larnaca and Paphos airports achieved a milestone in passenger traffic during February, surpassing half a million passengers, according to the Transport Ministry. Specifically, the two airports welcomed a total of 535,423 passengers, representing an 8 per cent increase compared to the same month in 2024. This rise is particularly remarkable as February traditionally records the lowest passenger traffic of the year. […]

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38 Japanese firms evince interest for investment in Cambodia

38 Japanese firms evince interest for investment in Cambodia

A business delegation comprising 38 Japanese companies led by the Japan External Trade Organization (JETRO), yesterday met Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) and discussed Cambodia’s investment climate. Wakabayashi Kohei, Director of JETRO Representative Office in Phnom Penh, led the delegation. During the meeting, […]

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Andreas and Emre share their experience as Stelios Bi-Communal Awards for Business Co-operation winners

Andreas and Emre share their experience as Stelios Bi-Communal Awards for Business Co-operation winners

Since 2009, the Stelios Bi-Communal Awards for Business Co-operation have been supporting bi-communal entrepreneurship in Cyprus, providing financial assistance to dozens of Greek Cypriots and Turkish Cypriots. With the total value of the awards reaching €4.8 million, including this year’s sum of €410,000, the initiative has played a crucial role in the creation and expansion […]

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