Cyprus witnessed a marginal rise in its ship management revenues in the latter half of 2023, which climbed to €638 million, up from €623 million in the preceding half-year. However, this represents a slight dip from the €648m recorded in the latter half of 2022, according to data released by the Central Bank of Cyprus. […]
Invest Cyprus, the state agency dedicated to promoting Cyprus as an international investment destination, on Tuesday announced that it took part in the prestigious technology event Viva Technology held in Paris from May 22 to 25, allowing it to showcase the island’s credentials as a technology and business centre. Viva Technology is a leading event in the technology […]
Chief Scientist Demetris Skourides recently visited the Cyprus Institute of Neurology and Genetics (CING) where he praised the Department of Bioinformatics (C-BIG) for its exceptional expertise and diverse specialisations. According to a CING press release, Skourides emphasised the importance of developing multi-disciplinary scientific teams, highlighting the transformative impact of artificial intelligence on value creation and […]
In response to the rapid advancements in financial, regulatory, and supervisory technology (FinTech, RegTech, and SupTech), the Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the launch of its Regulatory Sandbox. This initiative represents the evolution of its previous Innovation Hub and is designed to offer a controlled environment for the testing of innovative solutions, under […]
The president of the Republic of Cyprus, Nikos Christodoulides, and the emir of Qatar, Sheikh Tamim bin Hamad Al Thani, on Tuesday expressed their mutual commitment to enhancing bilateral relations during the emir’s first official visit to Cyprus. The emir arrived at the Presidential Palace accompanied by several Qatari ministers. He was greeted by Christodoulides. […]
Limassol Municipality is expected to issue a building permit by the end of May for the Aura project, which will become Cyprus’s tallest building at 181.5 metres with 44 floors. The skyscraper will be constructed on the former site of the ERA Olympia shopping centre. Investors are finalising agreements to comply with compensatory measures set […]
Deputy Minister of Tourism Kostas Koumis pointed out the imperative of preserving tourist hotspots, particularly beaches, at the Cyprus Sustainable Tourism Initiative (CSTI) event titled ‘Beach without Plastics’. The gathering took place at Kampouri Beach in Ayia Napa, drawing attention to the ongoing efforts to reduce plastic use in these vital areas. “Beaches are undoubtedly […]
Transport Minister Alexis Vafeades underlined the government’s commitment to safeguarding public interest during his speech at the 29th annual general assembly of the Federation of Building Contractors Associations of Cyprus. Representing the President of the Republic, Minister Vafeadis highlighted the delicate balance between strong governmental partnerships and the upholding of public interest. In his address, […]
Cyprus is revising its current national industrial policy to align with the European approach, stated Marios Panayides, Permanent Secretary at the Ministry of Energy, during a recent EU Competitiveness Council meeting held in Brussels. According to an official announcement, the council adopted the conclusions “on a competitive European industry as a driver of our green, […]
The Cyprus Stock Exchange (CSE) and the Hellenic Energy Exchange (HEnEx) will sign a Memorandum of Understanding (MOU) governing negotiations on the secondary market of Guarantee of Origin certificates from renewable energy sources, it emerged on Monday. The signing ceremony is scheduled for Thursday, May 30, 2024, at the Presidential Palace. According to a statement released on Monday […]
Sir Stelios Hadji-Ioannou, renowned for establishing the easy family of brands and serving as the founder and president of the Stelios Philanthropic Foundation, has launched the second annual “Stelios Awards for Young Entrepreneurs in Cyprus.” According to an announcement released this week, this initiative aims to foster young entrepreneurship by distributing €100,000 among the top three […]
Despite the changes in the Recovery Plan and the delays observed in its implementation, Cyprus has managed to promote important reforms and launched public investments by announcing or signing several contracts, some of which are ongoing, while some other projects have been completed. In addition, more than 40 sponsorship projects have been announced and private […]
Frederick University and port management company DP World Limassol signed a Memorandum of Understanding (MoU) this week, seeking to “further strengthen their strategic partnership in fields of common interest”, according to an announcement released on Friday. The announcement noted that the MoU was signed on Thursday by DP World Limassol CEO Simon Pitout, and Frederick University’s Head of the Department […]
The Limassol Boat Show was officially inaugurated on Thursday evening at the Limassol Marina by Deputy Minister of Tourism Kostas Koumis. In a brief address, Koumis highlighted that the Limassol Boat Show has become a staple event, significantly contributing to local tourism by attracting exhibitors and visitors alike. He also extended his best wishes for […]
Hellenic Bank on Friday released its financial results for the first quarter of 2024, recording an after-tax profit of €93.3 million, with interim CEO Antonis Rouvas saying that the year “started on a strong footing” for the bank. “This performance demonstrates the resilience and robustness of our business model, despite the continuing challenges and uncertainty rising from […]
Eurobank Cyprus recently clinched the Digital Transformation Award at the Temenos Community Forum conference in Dublin, which took place from May 14-16. This accolade celebrates the bank’s successful execution of a three-year digital overhaul, where 85 per cent of its core banking, digital channels, data warehouse, and wealth management systems and infrastructures were modernised. By […]