Cyprus is heading towards a new record in tourism revenues, a fact that demonstrates the great potential, and also the resilience of the sector, which despite the challenges, continues to contribute significantly to the Cypriot economy. According to the results of the traveler survey published by cySTAT, tourism revenues in June 2025 amounted to €422.3 million, […]

Cyprus’ new push to bring home skilled professionals living abroad is already showing strong results. Within just two weeks of launching, the “Minds in Cyprus” platform drew more than 300 registrations from Cypriots working in 23 different countries. Most interest so far has come from the United Kingdom, where the government held a promotional event […]

Patsalides calls for broader cooperation with Eurosystem partners Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has stressed the importance of Cyprus’ active role within the Eurosystem, highlighting both the responsibilities and opportunities stemming from participation in Europe’s financial architecture. In an article published by Philenews, Patsalides reflected on the symbolism of Frankfurt’s Iron Bridge, which […]

EIB backs new charging network The registration of hybrid and electric vehicles in Cyprus experienced a robust rise in the first eight months of 2025, according to a report released on Monday by the state statistical service. The report showed that the share of electric cars increased to 4.8 per cent in January-August 2025, up […]

Cyprus is on track to surpass last year’s record tourism revenues and arrivals, after posting the strongest growth among its Euro-Mediterranean peers in the first half of 2025, as mentioned in Philenews.  The statistical service said tourism revenues rose by 21.3 per cent year-on-year in the first six months, reaching €1.38 billion compared with €1.14 […]

Cyprus recorded significant growth in tourism revenue during the first half of 2025, reaching €1.378 billion compared to €1.136 billion in the same period of 2024, representing an annual increase of 21.3%, according to Statistical Service data. June 2025 records €422.3 million with 9.6% monthly increase June 2025 alone generated €422.3 million in tourism revenue, marking a […]

Have you ever wondered what it would be like to live in one of the most beautiful villages in Europe? Lefkara, with its cobblestone streets, colourful window shutters and fragrant courtyards, looks as if it has stepped out of a postcard from another era. And yet, it manages to combine the charm of the past […]

Dr. Praeng Jalsa, the Royal Government of Cambodia delegate in charge of the General Director of Electricite du Cambodge, has confirmed that Cambodia plans to launch its first 150-megawatt wind power plant in Mondulkiri province in 2026, for which an agreement has already been signed. This statement by Dr. Praang was made at a meeting […]

Revenue from tourism in Cyprus rose by 9.6 per cent in June 2025, reaching €422.3 million compared with €385.2 million in the same month last year, according to the state statistical service (Cystat).  For the first half of the year, tourism revenue climbed to €1.38 billion, up 21.3 per cent from €1.14 billion in January–June 2024.  At […]

The University of Nicosia (UNIC) is one of the four private academic institutions—and the first from Cyprus—to secure a license to operate in Greece, as announced by the Ministry of Education and Religious Affairs. The University of Nicosia will open its doors in Athens in October. It will initially operate six schools: Medicine, Humanities and […]

On a recent trip to Cyprus, I had dinner at Rous, in Nicosia, where I noticed a subtle print spanning an entire wall of the foyer. It was a timeline of the Mediterranean island’s history. On one end was the settlement of Cyprus by Paleolithic hunter-gatherers. On the other was Independence Day, August 16, 1960. The […]

The preliminary General Government fiscal results, which are prepared by CySTAT, indicate a surplus of €840.6m (2.4% of GDP) for the period of January-July 2025. The surplus that was recorded during the period of January-July 2024 was of €911.7m (2.7% of GDP). During the period of January-July 2025, the total revenue increased by €391.7m (+4.8%) and amounted […]

Specific trends in the Cyprus property market are becoming established, with the Larnaca district recording the highest overall growth whilst residential properties significantly outperform commercial real estate across all districts. The RICS Cyprus Property Price Index with KPMG in Cyprus for the second quarter of 2025 shows continued increases in the Larnaca district, which records the highest […]

Tradition recipes with Loulla Astin Baked Stuffed Courgette (marrow) A delicious summer dish! Marrows are super healthy, utterly delicious, cheap and we Cypriots love them. If the marrows have a very tough skin, with a vegetable peeler, remove few strips of the skin, mine were organic and very fresh from my friend’s allotment. You could […]

In the ever-evolving global landscape of private wealth, High Net Worth Individuals (HNWIs) are increasingly looking beyond traditional financial centres to jurisdictions that offer a blend of tax efficiency, legal certainty, lifestyle appeal and global connectivity. While Switzerland, London and Monaco often have dominated the headlines, Cyprus has quietly emerged as one of the most […]

What happens when experts on theatre and museums get their hands on texts, archaeological finds and photographs of Cyprus’ largest archaeological survey ever conducted? Between the years of 1927 and 1931, more than 20 archaeological sites on the island were excavated by the Swedish Cyprus Expedition. In this way, Einar Gjerstad, John Lindros, Erik Sjöqvist […]