Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House of Representatives’ approval of the Investment Fund Administrators Law. The move is being hailed by the Cyprus Investment Funds Association (CIFA) as a milestone for the sector and a crucial pillar in enhancing investor protection, transparency and regulatory […]
Cyta secured four gold and one bronze award at the Cyprus Technology Awards 2024, earning recognition for projects that enhance digital accessibility, sustainability, and user experience across the country. The gold awards acknowledged key initiatives including the full population coverage of Cyta’s 5G network, the modernisation of its mobile network infrastructure, the launch of the […]
Retail turnover in Cyprus rose by 6.3 per cent in April 2025, marking the fastest monthly increase so far this year, according to data published by the Statistical Service on Monday.Earlier in the year, the annual increase stood at 2.6 per cent in January, 4.7 per cent in February and 5.6 per cent in March. […]
Bank of Cyprus announced on Monday that its total issued share capital stood at 440,828,633 ordinary shares of nominal value €0.10 each as of May 31, 2025, “with each ordinary share carrying one vote.” According to the announcement, “the company holds 4,593,842 ordinary shares as treasury shares, pending cancellation which shall take place at the […]
The Cyprus Energy Regulatory Authority (CERA) has announced the acceptance of a Cyprus Transmission System Operator (TSO) proposal to start the commercial operation of the Competitive Electricity Market on 15 September, 2025 and the determination of 1 October, 2025 as the first Trading Day. The Cyprus Competitive Electricity Market is a restructured energy framework designed […]
This Cannes Film Festival this year was a good one for Cyprus: not only did the highly prestigious event feature two films produced on the island under the Cyprus Film Scheme, but it also included key discussions with international filmmakers and producers for more to come. “This year’s Cannes Film Festival was a great success […]
Greece’s Sfakianakis Group launched last Thursday in Nicosia the first showroom for Chinese electric vehicle brand BYD that is rolling into the Cypriot market after its successful entry into the Greek one. BYD, short for “Build Your Dreams,” will open two showrooms, the second being in Limassol, offering Cypriots a first-hand look at its latest […]
Cypriot maritime technology firm Tototheo Global was among the international companies participating in Asia Tech x Singapore 2025, one of the region’s leading technology events, held from May 27 to 29 at the Singapore EXPO and Capella Singapore. The delegation, led by co-CEO Despina Panayiotou Theodosiou, included CCO Vlassis Papapanagis and Head of Sales Marios […]
Total deposits in Cyprus recorded a net increase of €492.9 million in April 2025, compared to a net decrease of €66.3 million in March 2025, according to statistics published by the Central Bank of Cyprus (CBC). The annual rate of change in total deposits reached 7.6 per cent in April, up from 7.1 per cent […]
Portrait of the island’s vibrant climbing community Those exploring Cyprus with a curious mind and a sense of adventure normally opt for the coastline with scuba diving, jet skiing and parasailing among the most popular adrenaline-boosting outdoor activities. But beyond the sandy beaches a far different adventure awaits. Mountains begin to rise on the horizon, marking the […]
The passenger-vehicle ferry Daleela departed Limassol port today, inaugurating the fourth consecutive year of the Cyprus-Greece maritime passenger connection. The first voyage carried 187 passengers along with 66 vehicles, 36 motorcycles and eight pets. Deputy Minister of Shipping Marina Hadjimanolis attended the launch ceremony, describing the connection as Cyprus’s “unique maritime gateway to Europe” whilst highlighting growing […]
Hellenic Bank announced on Thursday that its board of directors has approved adopting the name Eurobank Limited following completion of its legal merger with Eurobank Cyprus, subject to regulatory approvals. The Cyprus-based lender’s board reached the decision during a 27 May meeting, according to a company statement. The name change will take effect after the legal consolidation […]
Cyprus presented its case as a strategic investment hub during an event in London this week, aiming to attract British investors by showcasing sector-specific opportunities and the island’s role as a gateway to the wider region. Held in the heart of the City, the event, titled ‘Cyprus: a gateway for global investment and strategic cooperation’, […]
Cyprus is stepping up efforts to encourage mergers and acquisitions among small and medium-sized enterprises, aiming to unlock growth, competitiveness and innovation across key sectors. Speaking at a conference organised by the Cyprus Chamber of Commerce and Industry (Keve) in collaboration with Hellenic Bank, Finance Minister Makis Keravnos presented the government’s dedicated action plan, approved […]
More than 1,700 students across Cyprus have participated in financial literacy lectures delivered by the Cyprus Securities and Exchange Commission (CySEC), according to an official statement from the commission. The initiative, part of Global Money Week 2025, concluded its most recent series of lectures with strong engagement and widespread participation in both primary and secondary […]
Global air cargo demand rose by 5.8 per cent in April 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA). Capacity, measured in available cargo tonne-kilometres (ACTK), increased by 6.3 per cent year-on-year, slightly outpacing demand and, as a result, pushing the global cargo load […]