Multiple pensions debate in Cyprus

Multiple pensions debate in Cyprus

The ongoing debate over multiple pensions for former and current state officials has taken center stage in Cyprus, with the Cypriot government facing criticism from political parties and the country’s Audit Office. Finance Minister Makis Keravnos convened a meeting with parliamentary parties to address the issue, but only representatives from two parties attended. The absence […]

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Significant fiscal surplus in Cyprus

Significant fiscal surplus in Cyprus

Cyprus ended 2023 with a fiscal surplus of 918.7 million euros, the country’s Statistical Service (CyStat) said on Monday. However, the country still has a significant debt of €23.03 billion, which is about 77.3% of its total economic output. On the revenue side, Cyprus saw a big boost in the money it collected. Total revenue […]

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Optimism for new tourist season

Optimism for new tourist season

Travel Expo Cyprus 2024, organised by the Association of Cyprus Travel and Tourism Agents (ACTA), kicked off during the weekend, April 19 to 21, with a wave of optimism for the new tourist season. The exhibition, attended by 45 exhibitors, was inaugurated at the state fair grounds in Nicosia. The event saw the joint inauguration by the Deputy […]

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Cyprus Business Now: weekly wrap-up

Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting April 15: In recent developments from Cyprus, Marinos Christodoulides, President of the Cyprus Stock Exchange (CSE), emphasised the significance of enhancing the bond market and introduced European Medium-Term Notes (EMTNs) by the Republic of Cyprus into the CSE. These initiatives are part of broader ambitions to expand […]

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$3 million cardboard factory investment gets green light

$3 million cardboard factory investment gets green light

A privately-owned cardboard manufacturing facility has been given the green light for its upcoming investment plans by the Preah Sihanouk Provincial Sub-Committee on Investment, said Kouch Chamroeun, Governor of Sihanoukville Province recently. The company, Cooper Packing (Cambodia) Co., Ltd., intends to construct the factory in O’Chamnar Village, O’Oknha Heng commune, in Sihanoukville province’s Prey Nob […]

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Japanese cherry blossom festival in Cyprus

Japanese cherry blossom festival in Cyprus

This spring season will bring a unique spectacle of local and Japanese cherry blossoms. The sight is so magnificent that a Japanese Cherry Blossom festival is organised for the first time in Cyprus, specifically at Sakura Park in Kambos. This Sunday, the Kambos Community Council, the Kambos-Tsakistra Development Cultural Association and the Embassy of Japan […]

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