Cyprus housing prices rise in first quarter Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to a report released on Monday by Landbank Analytics. The analysis was based on sale contracts filed with the department of lands and surveys. It included a breakdown of average prices for newly […]
Eurobank recently acquired 3.8 million of its own shares as part of its share buyback programme, according to an official announcement. The announcement followed a previous statement, released on May 7, 2025, about the start of the organisation’s share buyback programme. The programme had been approved by the ordinary general meeting of shareholders on April 30, 2025, and […]
The rise of electric vehicles (EVs) is transforming the global automotive industry, driving an unprecedented demand for high-performance semiconductors. As ASEAN positions itself as a regional hub for EV production and battery manufacturing, it faces a strategic opportunity: integrating its expanding semiconductor capacity with the EV value chain to establish the region as a cornerstone […]
Data furnished recently by the government lends weight to the notion that the purchase of real estate by foreigners continues on an upward trajectory, with some speculating that it’s driving up property prices – especially in places like Limassol. Greeks, Russians, Brits, Israelis and Chinese buyers feature heavily on the property market. The information was […]
Synopsis: According to official data, trade between Cambodia and Korea in first five months reached over $362 million, up 11% compared to the same period last year. Minister of Commerce Cham Nimul Friday encouraged Korean investors to invest and do more business, especially in potential sectors such as modern agriculture, food processing industry, automotive, electronics, […]
Synopsis: Mr Hun Manet hoped that investors will continue to invest in the Kingdom and that those who have just come to seek investment opportunities can choose to invest and connect production chains between Cambodia and other countries across the world. Prime Minister Hun Manet Friday urged Chinese, local, and international investors, particularly new foreign […]
Indian business interest in Cyprus is gaining momentum, with drone tech leader Drone Destination planning to set up shop on the island. The company’s billionaire founder, Alok Sharma, is looking to make Cyprus a launchpad for expanding into European and Middle Eastern markets. Sharma, who heads India’s leading drone training and services company based in […]
Larnaca is quickly becoming one of Cyprus’ hottest property markets, with demand and prices for newly built homes climbing sharply in early 2025. According to data from Landbank Analytics, Larnaca saw the second-highest increase in average sale prices for new houses in the first quarter of the year. Prices jumped by over 21% year-on-year, rising […]
There’s something deeply romantic about a bowl of ripe cherries – glossy, crimson and bursting with juice. But in the hands of a French country cook, they become something even more poetic: clafoutis. This baked custard dessert, somewhere between a flan and a pancake, is one of France’s most quietly beloved dishes – and when cherries are […]
The energy regulatory authority (Cera) has approved in principle an application from the Cyprus Transmission System Operator (TSO) to develop energy storage systems, it emerged on Friday. The request was submitted after parliament passed a harmonisation bill submitted by the government. Cera’s decision allows the TSO to temporarily own, develop, manage and operate energy storage facilities. The decision provides […]
AI drives strong growth in cloud infrastructure market Global spending on cloud infrastructure services reached $90.9 billion in the first quarter of 2025, according to estimates by industry analysts Canalys. The company reported that this represents a 21 per cent increase compared to the same period in 2024. Enterprises have recognised that deploying AI applications […]
Invest Cyprus on Friday issued a statement welcoming the decision by India’s Drone Destination to establish its European subsidiary in Cyprus. The agency, tasked with driving investment to the island, described the move as a significant step in strengthening economic ties between Cyprus and India. The Indian company, which specialises in drone technology and training and is listed on NSE […]
Larnaca airport has been classed among the best in Europe during the recent general assembly of the Airports Council International Europe (ACI) in Athens, Hermes Airports said on Friday. The airport came in second place in the category that included airports of five to ten million passengers after Sofia’s Vasil Levski airport, and awarded the […]
Modi visit unlocks new investment ties with Cyprus Eurobank on Thursday released a detailed report outlining its role as a catalyst in the evolving economic, commercial and business relations between India, Cyprus and Greece. The announcement came in the wake of the historic visit of Indian Prime Minister Narendra Modi to Cyprus, his first in 23 years. The […]
The Central Bank of Cyprus (CBC) has welcomed with particular satisfaction the announcement by the Council of Europe’s Moneyval Committee regarding the Enhanced Follow-up Report and Technical Compliance Re-Rating. The CBC said in a press release that the progress and upgrades achieved demonstrate that Cyprus continues to actively strengthen its legal and regulatory framework for combating […]
The European Commission has welcomed the political agreement reached this week by the European Parliament and the Council on the amendment of the Central Securities Depositories Regulation (CSDR) to shorten the settlement cycle in the EU from two days to one by 11 October 2027. A press release by the European Commission says that settlement is the process […]