Cyprus fund sector eyes Germany and Middle East for growth The Cyprus Investment Funds Association (CIFA) held its Annual General Meeting (AGM) on Thursday, presenting a comprehensive review of the sector’s achievements and outlining strategic priorities for continued growth and competitiveness. In her address, CIFA president Maria Panayiotou attributed the current momentum in the investment funds sector to “vision, […]
With a high level of expertise in the demanding luxury hospitality and real-estate industry, MHV – Mediterranean Hospitality Venture – is evolving into one of Cyprus’ and the East Mediterranean’s leading groups, showcasing fast, yet steady, growth. The MHV portfolio includes some of the most notable luxury hotels and resorts in Cyprus and Greece, while also delivering high-end […]
By Martin ClarkSome people think of mosaic making as a craft but really good mosaicists can introduce perspective, depth of field, movement and ‘life’ into mosaic. Of course, in Cyprus, that’s been happening since the Mycenaean Greeks settled on the island 4,000 years ago and was at its height in the Roman and then Byzantine […]
President Nikos Christodoulides has wrapped up a whirlwind trip across the United States, pitching Cyprus as a solid bet for international investors and laying the groundwork for some big-name partnerships, particularly in finance, energy, and tech. The message was clear: Cyprus isn’t just a sunny destination, it’s a smart place to invest. The visit, which […]
Limassol recorded €1.38 billion in residential property transactions in 2024, with a total of 3,164 sales across all price categories. The figures reflect activity across high-value, mid-range and lower-priced properties, according to land registry data, analysed by Ask Wire, a Cypriot real estate data analytics firm. High-value sales continued to play a significant role. Although […]
Cyprus is expected to see record tourism in Akamas this summer, thanks to a government plan aimed at tying together various development and beautification projects across the peninsula’s villages. The initiative, announced by president Nikos Christodoulides in early 2024 and put into motion last summer, is already showing early results, with organised tour groups starting […]
Cruise revival will bring jobs, growth and visibility to Cyprus, says DP World Limassol Cyprus’ cruise industry is on the path to recovery after years of disruption, according to DP World Limassol CEO Simon Pitout. Pitout on Thursday said the sector is set to see a strong rebound in 2025 thanks to increased ship calls, new investments […]
Α General Government surplus of €654.2m (1.9% of GDP) for the period of January-February 2025, is indicated according to the preliminary fiscal results, prepared by CySTAT. In comparison, in the same period of 2024 a surplus of €531.7m (1.6% of GDP) was recorded during the period of January-February 2024. Revenue During the period of January-February 2025, total revenue increased […]
The airports in Larnaca and Paphos welcomed 707,304 passengers during March, recording an increase of 5.91% compared to 2024, the Transport Ministry has announced. It also said that the high trend in passenger traffic ever recorded for the January-March period continues, with an increase of 6.79% compared to 2024. The Ministry said that following the 2024 […]
Cypriot bankers have expressed their satisfaction with President Nikos Christodoulides’ recent visit to the US, where he promoted the Mediterranean country as an attractive destination for investment. Top financial figures are now calling for such missions to become a more official and regular occurrence, ideally taking place more than once a year, to create long-term […]
Finance Minister Makis Keravnos, will travel to Warsaw on Thursday, April 10, in order to participate in the Eurogroup meeting and the informal Economic and Financial Affairs Council (Ecofin), which will take place on April 11 and 12. On the morning of Friday, April 11, Keravnos will attend the Eurogroup proceedings. According to a statement […]
Cyprus recorded a trade deficit of €1.24 billion during the first two months of 2025, marking an increase of €102.7 million compared to the same period in 2024, according to the state statistical service. It should be noted that this widening of the trade gap occurred despite a significant rise in exports. Specifically, the trade […]
Paphos remained the leading district for property sales to foreign buyers in Cyprus during March 2025, recording 204 transactions and outperforming all other regions, according to figures released by Leptos Group on Wednesday. Limassol followed with 172 sales, while Larnaca recorded 152, Nicosia 54, and Famagusta 25 transactions to foreign purchasers. International demand for Paphos properties surged […]
Larnaca and Paphos airports handled 707,304 passengers in March 2025, marking a 5.91 per cent rise compared to the same month last year. It was the strongest performance ever recorded for the January–March period, with total traffic up by 6.79 per cent year-on-year. According to the Transport Ministry, Larnaca airport posted a 15.17 per cent […]
Cyprus’ general government recorded a surplus of €654.2 million in the first two months of 2025. This represents 1.9 per cent of the country’s Gross Domestic Product (GDP), according to preliminary fiscal results released by the state statistical service on Tuesday. This marks a notable increase compared to the corresponding period in 2024, when a […]
Cyprus is stepping up its push to join the Schengen zone, a development seen as critical for reinforcing the island’s appeal to investors and simplifying cross-border activity for companies. Alongside Ireland, Cyprus remains one of only two EU member countries outside the passport-free travel area. However, president Nikos Christodoulides has made clear that the country […]