A long journey of milestones, difficult moments, and achievements for the country’s largest financial institution was how the Bank of Cyprus described its 125-year history. A vision that took root over a century ago, driven by the aspirations of the Cypriot people, was destined to evolve into the largest financial institution of the country. The anniversary was marked […]
President Nikos Christodoulides will on Monday travel to London for a series of contacts with financial parties, entrepreneurs and investors. As part of his visit, the president will participate in a business forum during which the prospects of Cyprus as a business and investment centre will be presented, at the High Commission of the Republic. Christodoulides will […]
President of the Cyprus Stock Exchange (CSE) Marinos Christodoulides recently released a statement underscoring the significance of developing the bond market within the CSE framework. In addition, Christodoulides highlighted the introduction of European Medium-Term Notes (EMTNs) from the Republic of Cyprus into the CSE, alongside ambitious growth plans for the exchange. “The Cyprus Stock Exchange, as part […]
The Cypriot Ministry of Finance stated on Monday that there are currently no risks to the Cypriot economy from regional developments. However, it emphasized its readiness to closely monitor the situation and take necessary actions and measures, following an extraordinary meeting convened by Minister Makis Keravnos in the morning. (ekathimerini)
The Republic of Cyprus is entitled to request from the implementing entity – Greece’s Independent Power Transmission Operator (ADMIE) – an updated report on the cost-benefit analysis regarding the electricity interconnection between Cyprus and Greece as well as the updated business model, Cypriot Minister of Energy, Commerce and Industry George Papanastasiou has said. Speaking from […]
President Nikos Christodoulides is travelling to London for a series of meetings with financial stakeholders, entrepreneurs and investors. As said in a written statement by the Government Spokesman, Konstantinos Letymbiotis, as part of the visit, the President of the Republic will participate in a 16 April event with businessmen and investors which will take place […]
The car market is continuing its upward streak, with passenger saloon car registrations up 23.3% in the first quarter of 2024, reaching 10,189 compared to 8,264 in the same period last year. A slight decrease has been recorded in the registrations of used saloon cars, which constitute the majority with 56.2% (5,724) against the 43.8% […]
Following the demands of the modern era, PwC Cyprus has strategically integrated ChatPwC – an innovative generative artificial intelligence assistant (GenAI) – into its operations, thereby granting its people the ability to utilize it daily. Consequently, this strategic initiative aims to harness the power of GenAI to boost productivity, expedite service delivery, and foster innovation. Designed […]
The I-STARS project, aimed at promoting sustainable tourism in Europe, has completed the selection process of a total of 125 tourism businesses from Cyprus, Greece, Ireland, Italy, and Spain, each receiving grants of up to €5,600. The I-STARS project initiated an open call in July 2023, inviting businesses from various tourism sectors to apply for […]
The Ministry of Energy, Commerce and Industry has announced the second phase of the New Business Activity Support Plan, amounting to €20 million. This Plan forms part of the “THALEIA” Programme for 2021-2027 and is co-financed by the European Regional Development Fund (ERDF), the European Social Fund (ESF) of the EU, and the Republic of […]
There is increased interest in organised trips from Poland to the free Famagusta area, tourism officials said after participating in a recent travel expo in the country. The Famagusta Tourist Development and Promotion Company said that together with hotels from the area, it represented the free Famagusta district in the Roadshow organised by the Deputy […]
The CIM Summit took place on April 6th, 2024, at the Bank of Cyprus Headquarters in Nicosia. The theme of the summit was “The Future of Business: Adapting to a Changing Landscape”. In a time marked by rapid technological advancements, cultural shifts, and global challenges, companies must remain vigilant to react and adapt to these […]
Cyprus was the first country in the EU in terms of the rate of absorption from EU Cohesion Funds for the period 2014 to 2020, according to data presented by the Permanent Representative of Cyprus to the EU, Christina Rafti, during a discussion at the European Parliament’s Committee on Regional Development (REGI). In total, Cyprus […]
The Fredriksen Group, led by shipping magnate John Fredriksen, is contemplating moving a significant portion, if not all, of its shipping operations from Norway to Cyprus, citing dissatisfaction with Norway’s framework conditions. In a Finansavisen newspaper interview, Fredriksen expressed frustration over the nature of Norway’s regulatory environment, including sudden rule changes, fees and taxes, which […]
Cambodia Investment Review The Cambodian economy is set to experience an acceleration in growth rates in the next two years, buoyed by a returning tourism sector and robust manufacturing activities, the Asian Development Bank (ADB) outlined in its latest Asian Development Outlook (ADO) report for April 2024. The forecasted growth rates of 5.8% for 2024 […]
Traditions of one of the island’s historic villages combine with the future of art in a new space. SARA DOUEDARI meets the visionaries behind the gallery where old meets new among lemon and olive trees Down an alley in the village of Lefkara, a traditional brick building stands, leading into a gallery space that contrasts […]