Low-cost airline Wizz Air celebrated a significant milestone this week, marking the transportation of 8 million passengers to and from Larnaca Airport since the company commenced operations in Cyprus. “This achievement underscores Wizz Air’s steadfast commitment to providing affordable and high-quality travel experiences,” the company stated in a press release. Wizz Air also highlighted that, […]
Cypriot lender AstroBank announced on Thursday the opening of its new branch in Dali, Nicosia, marking the 15th location in its expanding network. In its announcement, the bank noted that the branch is situated centrally at 1 Archbishop Makarios III Avenue, “ensuring easy access for the public”. “AstroBank’s aim is to effectively meet the contemporary […]
The Cyprus Investment Funds Association (CIFA) on Friday expressed satisfaction with the increase in Assets Under Management (AUM) of Cypriot investment funds. According to the latest data released this week by the Cyprus Securities and Exchange Commission (CySEC), Cyprus’ total AUM reached €9.1 billion at the end of the first quarter of 2024. This represents a […]
Greek airline Aegean on Friday announced that it carried 4.4 million passengers during the second quarter of 2024, recording an 8 per cent increase in passenger traffic. Furthermore, it reached a total of 7.3 million passengers during the first half of the year, which marks a 9 per cent increase compared to last year. In […]
Government employment increased by 4.8% in the first half of 2024, compared to the corresponding period of 2023, according to Cystat. In June 2024, total government employment reached 54,153 persons. For the period January – June 2024 average total government employment reached 54,721 persons, marking an increase of 2,524 persons (4.8%) compared to the corresponding […]
An increase in all sectors of economic activity was recorded in 2022 according to the results of CySTAT’s Services and Transport Survey, while the tertiary sector of the economy registered a positive growth rate in 2022 compared to 2021. According to the results of the Services and Transport Survey, production value during 2022 showed an increase […]
Hermes Airports, the operator of Larnaca and Paphos airports, has released preliminary estimates for passenger traffic and airline market share for 2024. Destinations: Unsurprisingly, the United Kingdom retains the top spot for inbound and outbound travel, followed by Greece, a popular choice for Cypriot students and vacationers. Also, arrivals from Israel have rebounded, according to […]
The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind the scenes to ensure its successful implementation. Among the advantages highlighted were its wide acceptance across the EU, stringent security standards, user-friendly nature, and guarantee […]
The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind the scenes to ensure its successful implementation. Among the advantages highlighted were its wide acceptance across the EU, stringent security standards, user-friendly nature, and guarantee […]
The Cyprus Chamber of Commerce & Industry (Keve) has announced that the EU-Japan Centre for Industrial Cooperation is organising its inaugural mission to Japan, specifically targeting the smart factory and robotics sectors. This mission is scheduled to coincide with the Factory Innovation Week fair, which will take place in Tokyo in January 2025. During the three-day fair, […]
Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank on Wednesday. The announcement stated that the consultation between CNP Assurances and its European Works Council has been completed, paving the way for the acquisition to reach a conclusion. The acquisition, subject to […]
The environmental authority has recently approved the construction and operation of a substantial residential development within plot B of the Limassol Greens golf resort. This project, part of a larger €500 million development initiative by Lanitis Golf Public Co Ltd, is located in the Tserkezoi area of the Limassol district. This venture forms a significant […]
The European Commission said on Wednesday it had approved a Cypriot traditional food product, Tertziellouthkia, a type of local pasta, for inclusion on the registry of Protected Geographical Indications (PGI). A PGI emphasises the relationship between the specific geographic region and the name of the product, where a particular quality, reputation or other characteristic is […]
Cyprus recorded the largest increase in housing transactions among EU countries in 2023, according to data released by the European Union’s statistical office (Eurostat). Eurostat reported that in 2023, the number of housing transactions decreased in 13 out of the 16 EU countries for which data is available, compared to 2022. This marks the second […]
The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind the scenes to ensure its successful implementation. Among the advantages highlighted were its wide acceptance across the EU, stringent security standards, user-friendly nature, and guarantee […]
Agriculture Minister Maria Panayiotou has announced a new decree concerning the milk quota for the production of Halloumi with Protected Designation of Origin (PDO) status. The Minister also announced financial measures and tools to support the sector. Additionally, Panayiotou announced the implementation of a new software for goat and sheep milk tracking, set to be […]