The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that it is set to take part in this year’s Reflect Festival, the island’s flagship technology, innovation and startup event. In its announcement, the chamber said that “Reflect Festival is the largest technology and innovation event in Cyprus and one of the fastest growing […]

Cyprus’ real estate market experienced a notable resurgence in April, rebounding from the previous dip in sales observed in March, according to the latest information provided by the Department of Lands and Surveys. This positive trend was particularly evident in Nicosia and Larnaca, while Limassol also demonstrated an upward movement, maintaining its lead by a significant […]

President Nikos Christodoulides stated that the construction sector, supported by the Cyprus Property Developers Association (LBDA), plays a vital role in attracting investments, promoting entrepreneurship, and positioning Cyprus as an investment destination. Speaking at a dinner held on Wednesday evening, marking the 40th anniversary of the establishment of the LBDA, the president emphasised the government’s […]

The Great Britain-Cyprus Business Association’s International Investment Conference 2024 kicked off in Limassol today, with the aim of enhancing business networking between the two countries. During the event, which will conclude on Friday, the Deputy Minister of Shipping, Marina Hadjimanoli emphasised the administration’s renewed commitment to sustaining support for the shipping industry. Hadjimanoli acknowledged the challenges […]

GDP growth will be at 2.9% in 2024, according to the April projections published on the website of the Ministry of Finance. For the years 2025-2027, GDP is expected to grow further by 3.1%, 3.2% and 3.3% respectively. As for inflation, the Ministry of Finance projects that it will fall to 2.5% in 2024, while for […]

Invest Cyprus CEO Marios Tannousis along with Deputy Minister of Tourism Kostas Koumis and his team presented Cyprus’ advantages as an investment and business destination at the Annual Investment Meeting – aka the AIM Congress – 2024 that was held in Abu Dhabi this week. “Delighted to present today and participate in important business meetings […]

The Finance Ministers of Greece and Cyprus Kostis Hatzidakis and Makis Keravnos respectively expressed their joint commitment to continue collaboration between the two countries in all fields, stressing that both economies have exited from the financial crisis of the previous decade. The Greek Minister for Economy and Finance, who is visiting Cyprus, had an 8 […]

Group CFO praises Cyprus as “dynamic and thriving tech hub” Cyprus-headquartered Capital.com, a global trading platform and fintech group, this week announced that total client trading volumes exceeded $1.2 trillion in 2023. According to a statement by the company, this represents a rise of 53 per cent from a year earlier and marks the first time […]

The Research and Innovation Foundation (Idek) on Wednesday released a statement disclosing the list of 61 companies where students will have the opportunity to apply for internships, lasting six weeks, between June 3, 2024, and September 30, 2024. The list includes information about the companies, the period during which each company can employ students, and the minimum required qualifications. According […]

The Cyprus Real Estate Agents Registration Council on Wednesday released a breakdown of property transactions and average values during the first quarter of 2024, according to property type, across all districts. The council said that the analysis of comparative sales data, which are provided by the Department of Lands and Surveys, “offers significant insights into the […]

A total of 11 new subsidy scheme projects amounting to €148 million are anticipated to be implemented by the Ministry of Energy, Commerce and Industry for the period 2024 – 2025. Also, in the assessment of the Ministry’s activities during the first year of Nikos Christodoulides’ presidency, the competent minister, George Papanastasiou, referred to the […]

The value of Cypriot sovereign bonds held by the Eurosystem by end-April remained unchanged at €6.76 billion, as the European Central Bank continues deleveraging its balance sheet in the context of its restrictive monetary policy cycle in a bid to reduce inflation. According to Eurosystem available data by end April processed by CNA, the value […]

Deputy Minister of Research Nicodemos Damianou recently addressed two investment incentives launched at the Deputy Ministry of Research, Innovation and Digital Policy, acknowledging that there is room for improvement. These initiatives include a tax exemption for innovative businesses and a startup visa scheme, amidst ambitions to attract investment and nurture the startup ecosystem. The first […]

Deputy Minister of Tourism Kostas Koumis is in Dubai, United Arab Emirates,  for the Arabian Travel Market tourist exhibition taking place there. According to a Deputy Ministry of Tourism press release, Koumis will on 7 May hold meetings with representatives of three airline companies and other tourism industry stakeholders. On 8 May, Koumis will go to […]

Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro/Ro units (“Roll-on/Roll-off,”) in 2023 alone. This number represents a near 75% increase in volume since the company took over operation of the port’s multipurpose terminal in 2017. An interesting trend […]

The Chief Scientist for Research, Innovation and Technology, Demetris Skourides, visited Medicover Genetics Cyprus’ laboratories in Nicosia on April 30. He was hosted by Executive Director Professor Philippos Patsalis and toured the facilities, engaging in a productive discussion about the biotechnology company’s groundbreaking work. During their meeting, Skourides expressed his deep appreciation for the opportunity […]