The Republic of Cyprus, even though not a member of the Organisation for Economic Co-operation and Development (OECD) for political objections and not able to partake to the relevant consultations at the Inclusive Framework (IF) OECD level, has been supportive of the OECD/G20 BEPS actions and the work undertaken so far by the OECD/G20 and […]
“We expect to close the minimum size in the autumn and start operations, with the remainder of the financing amount to be raised soon thereafter,” Demetrios Zoppos, the co-founder of 33East, the VC firm selected to steer the Cyprus Equity Fund’s capital has told CBN. He was speaking to CBN soon after The Bank of […]
Nicosia and London-based Journey Mentor, a travel-tech SaaS company, has announced that it has been awarded a five-year IT contract by Total Air Services Ltd (TAS), a prominent provider of aviation services in Bangladesh. According to the announcement, the deal aims to enhance TAS’s travel solutions with Journey Mentor’s suite of innovative IT tools. Paul […]
A €50 million contract for Advanced Metering Infrastructure (ΑΜΙ) was signed on Wednesday between the Electricity Authority of Cyprus (EAC) and the Cyprus Telecommunications Authority (CYTA). Minister of Energy, Commerce and Industry, George Papanastasiou, who addressed the signing ceremony, noted that this is a milestone for the progress of the project and the government’s energy saving goals. The Minister noted […]
Money management app Plum, which has offices in Nicosia, Athens and London, announced this week that it raised more than £16 million in its Series B round. Series B financing is the second phase of funding for a company that has achieved specific milestones and progressed beyond the initial startup phase. In addition, Investors in […]
The first investments from the Cyprus Equity Fund, established by the Cypriot government in collaboration with the European Investment Fund (EIF), are expected to commence in the autumn, it emerged on Thursday. The fund, with a total budget of €37.5 million, aims to bridge the financing gap in entrepreneurship and innovation. According to statements made […]
The opening of Salina Park, Larnaca’s newest urban green space, has been delayed by two months due to the summer heatwave. The park, which was originally slated for completion in August, is now expected to open in October. Mayor Andreas said that the contractor was granted justified extensions due to the extreme weather conditions. The 14,000-square-meter park […]
An international showcase of young talent, the first Blue Regatta Kimon has had an impact on youth sailing and Cyprus’ maritime heritage From last Thursday to Sunday, the city of Larnaca has been host to the 1st Blue Regatta Kimon, an event that has generated buzz among young sailing enthusiasts and their supporters worldwide. Organised […]
The Council of Ministers has approved the signing of a loan agreement worth €108m from the European Investment Bank (EIB) to finance the construction of student residences in Limassol and Paphos. The residences are meant for the students of the Cyprus University of Technology, based in Limassol, with departments operating in Paphos as well. President Nikos […]
The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced important updates related to its anti-money laundering (AML) exams for certified persons. The exams are designed to confirm that individuals appointed as AML compliance officers have received adequate training, although other employees working in finance may also take them to bolster their knowledge on the […]
The Bank of Cyprus has received two accolades recognising its corporate responsibility at the Boussias Cyprus Responsible Awards 2023, according to a statement released on Wednesday by the bank. Specifically, the Bank of Cyprus was awarded the Platinum Award in the Long-term Investment category for the establishment of the Bank of Cyprus Oncology Centre 26 […]
Pedalion Yachting, a luxury yachting company based in Cyprus, on Wednesday announced a new partnership with Italian boatmaker Comitti Yachts. According to the announcement, “this collaboration introduces the elegant and sophisticated Comitti yachts to the Cyprus market, renowned for their masterful blend of classic beauty and modern aesthetics”. The announcement added that Comitti Yachts are […]
Cyprus is definitely having its music moment this year as more and more international stars add it to their touring schedule. No complaints from music fans and as the summer ends its busy concert line-up, the autumn will arrive in full swing. One more star is travelling to the island in October. Set to perform […]
The deadline for applications in Cyprus for the second phase of the “Electrification at 1000” grant program has been extended by two months, now closing on September 30, the Department of Electromechanical Services announced. The initiative is part of the National Recovery and Resilience Plan and is aimed at promoting a green economy and sustainable […]
The Polish airline LOT has announced the resumption of its flights to Larnaca Airport, with four per week during the winter season. According to a press release from the deputy Ministry of Tourism, LOT intends to increase the frequency to six flights a week during the summer season in 2025. In addition to LOT, flights […]
At the initiative of the President of the Republic, a special meeting was held to inform the Council of Ministers about the implementation of the national strategy for Troodos and the development of mountain communities, Commissioner for the Development of Mountain Communities, Charalambos Christofinas has announced, noting that specific decisions were also taken. As he […]