Cyprus Business Now

Cyprus Business Now

Euromoney, a leading international magazine specialising in banking, finance, and financial markets, has awarded the Bank of Cyprus the title of the best bank in Cyprus for 2024. This marks the ninth occasion that the bank has received this accolade from Euromoney. In a statement, the bank said that the award, which assessed its performance […]

Read More
Paphos long-awaited road regeneration project moves forward

Paphos long-awaited road regeneration project moves forward

The long-discussed regeneration project for the central avenue linking Kato Paphos to Coral Bay through Chloraks and Kissonerga is finally on the path to implementation after two decades of deliberation among Paphos stakeholders. The project, which is being developed in two phases, aims to significantly enhance road safety for pedestrians, cyclists, and motorists. The first phase has […]

Read More
Municipality of Nicosia joins ‘Cities After Dark’ project

Municipality of Nicosia joins ‘Cities After Dark’ project

The Municipality of Nicosia’s effort for sustainable urban development is anticipated to be strengthened and enriched through its participation in the Cities After Dark project which concerns the implementation of innovative urban policies that improve the quality of life for residents and visitors during the night. The project is part of URBACT, a European cooperation programme that aims […]

Read More
Bank of Cyprus named best bank in Cyprus

Bank of Cyprus named best bank in Cyprus

Euromoney, a leading international magazine specialising in banking, finance, and financial markets, has awarded the Bank of Cyprus the title of the best bank in Cyprus for 2024. This marks the ninth occasion that the bank has received this accolade from Euromoney. In a statement, the bank said that the award, which assessed its performance […]

Read More
Digital strategy aims to keep Paphos at the forefront of smart tourism

Digital strategy aims to keep Paphos at the forefront of smart tourism

Paphos’ Regional Tourism Board (Etap) said that it is currently developing a digital strategy for the entire Paphos district, along with action plans for the years 2025-2027. “Through this study, Etap Paphos aims to assess the digital competence of the destination and chart a course to remain at the forefront of digitalisation and the use of technological tools through a well-structured strategy”, […]

Read More
Larnaca among top summer destinations from Heathrow

Larnaca among top summer destinations from Heathrow

Larnaca was one of the most popular destinations for travellers flying from London’s Heathrow airport in July, according to an announcement released on Monday. “Venice and Larnaca proved popular destinations for those jetting off for some summer sun, as Doha and Dublin joined Dubai and JFK as the latest routes with one million passengers travelling to and from Heathrow this year,” […]

Read More
Cyprus Business Now: weekly wrap-up

Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting August 5: The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. The CBC governor also said that “geopolitical developments, climate change, and […]

Read More
Increase in airport passenger traffic compared to last year

Increase in airport passenger traffic compared to last year

According to the Ministry of Transport, Communications, and Works, the passenger traffic at Larnaca and Paphos airports experienced a year-on-year increase of 1.45% in July 2024, totalling 1,496,715 travellers. The primary markets contributing to this growth were the United Kingdom, Greece, Poland, Israel, and Germany. The Ministry also reported that the period between January and July […]

Read More