Cyprus is set to open a new facility dedicated to the care of the endangered Mediterranean monk seal (Monachus monachus), authorities announced on Saturday, marking International Seal Day. The facility will be located at the Cyprus marine aquaculture research centre in Meneou, under the auspices of the fisheries and marine research department (FMRD). The FMRD […]

Bringing the cash clo 21 MARCH 2025 – 15:55 Share this page: The two major banks in Cyprus, Bank of Cyprus and Hellenic Bank, are moving forward with agreements made with President Christodoulides. During a meeting with the President, the CEOs of the two banks, Mr. Michalis Louis and Mr. Panicos Nicolaou, agreed to install […]

Hermes Airports has finalised financing arrangements for the second phase of the expansion of the Larnaca and Paphos airports, marking the beginning of construction works aiming to increase passenger capacity, the company announced on Friday. The airport operator has signed all necessary agreements with financing banks and has contracted the construction consortium of Bouygues Batiment International […]

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Friday highlighted the country’s economic transformation in recent years, while also outlining the challenges that lie ahead. Speaking at a joint conference organised by the CBC and the European Stability Mechanism (ESM), he stressed the need for sustainability, innovation, and inclusiveness in shaping Cyprus’ economic future. […]

Here are the top business stories in Cyprus from the week starting March 17: The Cyprus International Businesses Association (CIBA) has sent a letter to Finance Minister Makis Keravnos, raising a series of questions regarding the proposed tax reform and its impact on foreign investments and international businesses operating in Cyprus. The letter, signed by CIBA board president Doxia Nikia Hadjivassiliou, […]

The International Maritime Organization (IMO) is taking action to create a comprehensive strategy that harnesses emerging technologies to turbo-charge efficiency, safety and sustainability in the shipping industry. A roadmap for digital transformation  During its 49th session in London from 10 to 14 March, IMO’s Facilitation Committee (FAL) outlined a work plan for developing the IMO […]

KANDAL, Cambodia — Cambodia expects that its new airport serving the capital will open in July, a project official said Friday, in a major step forward in boosting the country’s lucrative tourism sector, whose growth was interrupted by the coronavirus pandemic. Work on Phnom Penh’s new airport, officially known as the Techo International Airport, began in […]

The Cyprus University of Technology (Tepak) has signed a cooperation protocol with the National Documentation Centre (EKT) of Greece, strengthening ties and knowledge exchange between the two institutions. The signing ceremony took place at the Tepak premises in Limassol. The agreement was signed by Tepak rector Panagiotis Zafeiris and the director of EKT Kyriakos Tolias. […]

Deputy Minister of Shipping Marina Hadjimanolis attended the European Shipping Summit (ESS) this week, where she underlined the need to enhance competitiveness and inclusivity within European shipping. The event, held in Brussels on March 19-20 by the European Shipowners’ Association, featured Hadjimanolis in a panel discussion titled ‘Building Industrial Capacity: the skills challenge.’ During this session, she stressed the importance […]

Representatives of Swedish furniture giant IKEA met with Chea Vuthy, Secretary-General of the Investment Committee of Cambodia to discuss the investment climate and potential in Cambodia. Mr Chea and his colleagues met with an IKEA delegation led by Mr. GIAFAR SAFAVERDI, CEO of IKEA Southeast Asia, on March 19 at the Council for the Development […]

The first solid data on airline scheduling and flight reservations for this year’s summer season are pointing to another great year for Greek tourism.  The converging estimates of experts point to an increase in international air arrivals of around 5%, along with a smaller increase in travel receipts. Based on current data for the April-October […]

Energy storage and hydrogen solutions align perfectly with Cyprus’ regional ambitions, as we promote the Mediterranean as a green corridor for energy transmission between EU and non-EU countries, Minister of Energy, Commerce and Industry George Papanastasiou said addressing the Energy Storage and Hydrogen Solutions conference in Nicosia. The Minister remarked that innovative storage solutions will […]

Swedish-based company IKEA, which specialises in the production of furniture and household items, sees Cambodia as a potential location for investment expansion. The Swedish giant already has a presence in five countries around the region. Chea Vuthy, secretary-general of the Council for the Development of Cambodia (CDC), met with a delegation from IKEA led by […]

In today’s fast-paced business world, managing financial transactions efficiently, securely, and cost-effectively is crucial. Whether you’re dealing with cross-border payments, multi-currency transactions, or corporate expenses, having the right financial partner can streamline operations and save time. This is where Moneygate comes in – a trusted electronic money institution providing businesses with cutting-edge financial solutions designed for modern enterprises. Why Businesses Choose Moneygate […]

Hydrocarbon exploration and production company Energean announced on Thursday its audited full-year results for the year ended December 31, 2024. Mathios Rigas, Chief Executive Officer of Energean, stated, “During 2024, we have continued our growth trajectory with FY 2024 Group production rising by 24 per cent to 153 kboed, of which 112 kboed came from our flagship Karish and Karish North […]

The Cyprus Association of Research and Innovation Enterprises (CARIE) has put forward a number of proposals for enhanced tax incentives and relief measures for innovative businesses. These proposals were submitted to Finance Minister Makis Keravnos and Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou. These proposals, the association explained, seek amendments to the income tax law […]