Cyprus’ key tourism markets in the first half of the year

Cyprus’ key tourism markets in the first half of the year

Cyprus’ tourism continues its upward trajectory, breaking record after record, despite significant challenges, primarily due to geopolitical developments in the region. Although the situation in Israel remains fragile—as does the ceasefire—the neighbouring country continues to be a stable and significant pillar and partner for the tourism industry, remaining the second largest source market. At the […]

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Central Bank cuts growth forecast to 3.1% for 2025

Central Bank cuts growth forecast to 3.1% for 2025

The Central Bank of Cyprus has marginally revised down its economic growth forecast for 2025 to 3.1%, compared to the 3.2% projected in March, according to its July Economic Bulletin. Central Bank Governor Christodoulos Patsalides noted that the Cypriot economy continues to demonstrate remarkable resilience and dynamism despite international uncertainties. Economic growth reached 3.4% in 2024, […]

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Cyprus-Greece ferry sees record demand

Cyprus-Greece ferry sees record demand

Service nears full bookings for 2025 The passenger and vehicle ferry route between Limassol and Piraeus is continuing to draw strong demand, with nearly full bookings reported for all scheduled sailings in 2025. According to figures published on Monday by Politis, a total of 7,719 passengers have already reserved seats for the 2025 season. Of these, 3,781 bookings were […]

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Cyprus economy forecast to grow 3.1 per cent in 2025

Cyprus economy forecast to grow 3.1 per cent in 2025

CBC projects further debt drop to 57 per cent of GDP in 2025 The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the CBC revised its forecast for the country’s growth rate in 2025 to 3.1 per […]

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CCC Ready to Facilitate Investment in Cambodia

CCC Ready to Facilitate Investment in Cambodia

The Cambodia Chamber of Commerce (CCC) has highlighted the success of its participation in the international exhibition “The Battery Show Asia 2025 – Mobility Tech Asia” in Hong Kong, China. During their mission, the delegation held meetings with several international investors. According to a July 19 CCC social media post, the Cambodian delegation was led […]

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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 July 14: The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (Admie) for the Great Sea Interconnector project, on account of the fact that the project is “frozen”, according to reports on Friday. News website Brief […]

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