Hotels lead the push for year-round, eco-friendly tourism Hotels in Cyprus are increasingly adopting the Green Key certification, as the scheme gains traction as part of the island’s broader tourism reform. The certification signals compliance with environmental standards and is becoming a factor for both business competitiveness and regulatory expectations. “Since the global market for tourism […]
Tourism must deliver tangible benefits across local communities, Deputy Minister of Tourism Kostas Koumis said on Friday. He added that the government is “continuing this year to support the promotion of Cypriot traditional products“. The minister’s comments were delivered during an address at the 3rd CyFood B2B Forum, held in Larnaca by the local chamber of commerce and […]
Cyprus is attracting a growing wave of fintech activity as firms take advantage of its EU-regulated framework and strategic location. Among them is ECOMMBX, a licensed Electronic Money Institution (EMI) regulated by the Central Bank of Cyprus (CBC), which has expanded its services across Europe. Cyprus is emerging as one of the most dynamic innovation hubs on […]
Cyprus has been recognised with the Best Global Climb Award Among EU Countries in the 3rd Edition of the StartupBlink Startup Ecosystem Awards, according to an announcement by StartupBlink, the global mapping and research platform for innovation leaders. The award, received by the Research and Innovation Foundation (RIF) as the national body for promoting research, […]
Contentment is not to be found in big moments. It is in the small things, that you can do every day By Christina Michailidis We often imagine happiness is tied to big milestones – a promotion, buying a home or travelling the world. However, research increasingly suggests that wellbeing is less about rare, large and […]
Tourism must deliver tangible benefits across local communities, Deputy Minister of Tourism Kostas Koumis said on Friday. He added that the government is “continuing this year to support the promotion of Cypriot traditional products“. The minister’s comments were delivered during an address at the 3rd CyFood B2B Forum, held in Larnaca by the local chamber of commerce and […]
How the company is weaving long-term social investment into its identity through sport, youth support, workplace culture and community partnerships Corporate Social Responsibility (CSR) and the broader framework of Environmental, Social and Governance (ESG) have evolved from optional corporate undertakings to essential markers of business maturity. For global companies operating across diverse markets and cultures, […]
The Bank of Cyprus (BoC) has been named ‘Best Private Bank in Cyprus 2026’ by Global Finance outlet, a move that further consolidates its lead in the local private banking market. The award, announced this week, comes as the bank continues to expand its Private and Affluent Banking operations and align them more closely with international standards. […]
The US credit rating agency kept the rating at A-, but upgraded the economy prospects from stable to positive, which according to a Finance Ministry statement is a sign of a future rating rise, if predictions in the Fitch report materialise. ‘Public debt has dropped dramatically during 2022-2025’, Fitch noted in its reasoning, adding that […]
Installation of the remaining equipment on the Prometheus is expected to be completed by late November or early December, after which the vessel will proceed to a terminal for certification as a floating storage and regasification unit (FSRU). This was stated to the Cyprus News Agency by the president of the Natural Gas Infrastructure Company (ETYFA), […]
There is an increased degree of convergence of the average interest rates of credit institutions in Cyprus in relation to the corresponding average of credit institutions in the eurozone, both in deposits and loans, the Central Bank of Cyprus has said. In a press release, it notes that with the aim of further enhancing transparency, it has been […]
Cyprus business & economy wrap-up from the day before President Nikos Christodoulides on Friday addressed the BusinessEurope Council of Presidents in Nicosia, stressing that the Cyprus Presidency of the Council of the EU, commencing in January 2026, will be guided by the imperative to deliver a stronger, more resilient, and more competitive union. Ahead of […]
Researchers across Europe are deploying advanced automation in rail transport and making it smarter, cleaner and more reliable for passengers and freight. By Michaela Nesvarova Close to the beautiful coastline of Oslo, Norway, a bright blue tram rolls smoothly along the tracks of a local depot. At first glance, it looks like any other tram, […]
Here are the top business stories in Cyprus from the week starting November 17: The Cyprus Chamber of Commerce and Industry (Keve) on Monday released a statement summarising the recently-held annual general meeting of the Cyprus association of real estate agents, which forms part of its membership. The meeting, held on November 15 at the […]
The heart of European business is beating in Cyprus today and tomorrow, as, in view of Cyprus’ Presidency of the Council of the EU in 2026, the Cyprus Employers & Industrialists Federation (OEB) is hosting the BusinessEurope Council of Presidents (COPRES). The main proceedings of the Presidents’ Summit will be held at the Hilton Nicosia, while the Presidents of the 42 […]
Fide Soupa: Cypriot Vermicelli Soup A bowl of comfort, healing and home. This soup is a Cypriot classic, simple yet deeply nourishing. Traditionally made with just vermicelli in chicken stock, it was given to us as children from a young age and is still thought of as a cure for all ailments. Here, I’ve lifted […]