Safe Bulkers launches fifth annual shipping scholarship scheme NYSE-listed Safe Bulkers and its CEO, Polys Hajioannou, have announced the company’s 5th annual scholarship programme for the academic year 2026-2027, as part of its Environmental and Social Governance (ESG) initiatives. The programme provides ten scholarships of €10,000 each for studies at university institutions abroad, including in […]

Hotels dominate accommodation market across the EU in 2025 Cyprus witnessed a significant surge in tourism activity as the European Union reached a historic 3.08 billion nights spent at accommodation establishments in 2025. According to a Eurostat report released on Friday, the island’s tourism sector has experienced substantial growth, outperforming several regional averages.In a comparison of […]

Lawmakers have attacked the government’s expanded “Minds in Cyprus” tax incentive scheme as creating a two-tier employment system, as the Finance Ministry reported that 600 overseas workers have applied to take advantage of the breaks. MPs on the House Finance Committee warned today that the programme creates unequal treatment amongst employees by offering tax exemptions to newcomers […]

The GDP growth rate in real terms (seasonally adjusted), during the third quarter of 2025 is positive and it is estimated at 3.6% over the corresponding quarter of 2024, according to CySTAT. In the third quarter, the GDP stood at €7,645.9 million. Compared to the second quarter of 2025, the GDP growth rate in the […]

Sihanoukville Autonomous Port (PAS) Saturday reported high growth in both cargo throughput and container (TEUs) throughput for the first nine months of the year, signalling robust activity in Cambodia’s vital logistics sector. The figures were shared by the port’s management during a presentation at the My First Stock 2025 session in Phnom Penh last week. […]

Passenger traffic across Cyprus’ airports has exceeded 13 million travellers since January, marking the highest volume ever recorded, according to Hermes Airports. In its announcement, the company said that “for the first time in the history of Cyprus airports, passenger traffic has reached 13 million passengers since the beginning of this year (departing and arriving)”. It explained […]

Global air passenger demand rose by 6.6 per cent in October 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA). Total capacity, measured in available seat kilometres (ASK), increased by 5.8 per cent year-on-year, slightly trailing demand. As a result, the global passenger load factor […]

Cyprus recorded a 9 per cent annual increase in property sales in November 2025, according to new figures from the Department of Lands and Surveys (DLS). A total of 1,644 sales documents were submitted to district land registry offices, compared with 1,506 in the same month last year. The rise followed a particularly strong October, […]

Larnaca is being reshaped into a service centre for airlines in the Eastern Mediterranean, with the gradual reuse of the old airport bringing clear benefits to the city. Speaking at Evel, the Chamber of Commerce and Industry’s annual general meeting, president of Larnaca’s chamber, Nakis Antoniou said activity at the former terminal “is progressing at […]

Cyprus’s airports have reached 13 million passengers in a single year for the first time in their history, Hermes Airports announced on Monday, as new figures showed tourism revenue climbed 10.1% in September. The milestone, reached on 1 December, demonstrates strong and consistent growth in the country’s air connectivity resulting from long-standing efforts and close cooperation between […]

Cyprus was not only re-elected to the Council of the International Maritime Organization (IMO), but also managed to significantly increase the support it received in votes from member states, compared to the previous election process, according to the Shipping Deputy Ministry. In a statement, the Deputy Ministry notes that Cyprus was successfully re-elected to the […]

Revenue from tourism recorded an increase of 10.1% in September compared to the same month of 2024, according to Cystat’s Passengers Survey. Revenue from tourism reached €499.9m in September, compared to €454.1m in September 2024. For the period of January – September 2025, revenue from tourism is estimated at €2,972.8m compared to €2,575.9m in the corresponding period […]

Hermes Airports announced on Monday that, “for the first time in the history of Cyprus’ airports,” passenger traffic has today reached 13 million travelers (arriving and departing) since the beginning of the current year. “Beyond its symbolic significance, this milestone demonstrates the strong and consistent growth of the country’s air connectivity, as a result of […]

Cyprus’ GDP growth rate in real terms in the third quarter of 2025 is estimated at 3.6% over the same quarter of 2024, the Statistical Service of Cyprus (CyStat) said on Monday. 

Cyprus marked International Maratheftiko Day with a renewed push to strengthen the position of Cypriot wine in global markets, Commerce Minister George Papanastasiou said on Monday. He said the government is working to boost exports and improve the competitiveness of local wines. The ministry supported the creation of the annual celebration and remains committed to […]

The European Union (EU) member states recently agreed to amend the European Climate Law, adopting a new intermediate target to reduce emissions by 90% by 2040. This development is one of Europe’s most critical political and environmental changes. For Cyprus, the agreement holds particular significance as it incorporates proposals and assurances that acknowledge the specific characteristics […]