Unveiling Cyprus’ city with best quality of life

Unveiling Cyprus’ city with best quality of life

Determining the premier city in Cyprus regarding quality of life, considering specific indicators crucial for citizens’ overall well-being, is multifaceted question. According to the research of Phileleftheros, based on data from the Numbeo website, there are interesting findings indicating that the quality of life within Cyprus may vary from city to city. The quality of […]

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German market boosts Paphos tourist season

German market boosts Paphos tourist season

A crucial element that instils greater optimism in Paphos for this year’s tourist season is the significant increase in traffic anticipated from Germany to the province this summer. Data until mid-April from German travel agencies indicate that the estimates and data analyzed for Paphos during the recent international tourism exhibition ITB Berlin are now fully […]

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Major developments underway in Cyprus

Major developments underway in Cyprus

Cyprus is in the midst of a major development boom, with billions of euros being poured into a wide range of projects. This includes improvements to the country’s infrastructure, such as roads and ports, as well as the construction of new marinas, hotels, medical and diagnostic centres, university buildings, student dorms, golf courses, schools, and […]

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Retail sector sees 5.5% surge in March

Retail sector sees 5.5% surge in March

The Retail Trade Turnover Value Index increased by 5.5% in March 2024 compared to the same month of the previous year, while during the same month, the Retail Trade Turnover Volume Index increased by 5.2% compared to the corresponding month of the previous year, the Statistical Service announced on Maundy Thursday. It is added that […]

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Restaurant review: Onar, Paphos

Restaurant review: Onar, Paphos

When the team behind the very successful Oniro by the Sea decided to launch another restaurant, it would have been straightforward for them to repeat the same winning formula. However, with the opening of Onar in the heart of the old town of Paphos, this is not what they have done. Instead, they created a […]

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RIF launches research support programmes worth €14.5 million

RIF launches research support programmes worth €14.5 million

The Research and Innovation Foundation (RIF) this week announced the launch of two new programmes, titled Excellence and Post-Doc respectively, with a total budget of €14.5 million. According to the announcement, the aim of these programmes is to foster scientific excellence by strengthening the production of new knowledge and giving young researchers the opportunity to lead research projects. […]

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Demystifying MEU applications in Cyprus

Demystifying MEU applications in Cyprus

Residency and permanent residency for EU citizens By Konstantinos Kaousliades Cyprus presents a compelling combination of a beautiful climate, a favourable tax and judicial system, a welcoming culture and people, and a stable environment for both living and doing business. It is widely regarded as an attractive relocation destination for individuals and businesses originating from non-European […]

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Hellenic Bank’s acquisition of CNP to boost and diversify revenue, Fitch says

Hellenic Bank’s acquisition of CNP to boost and diversify revenue, Fitch says

The acquisition of CNP’s insurance operations in Cyprus and Greece is expected to lead to increased and more varied revenue streams for Hellenic Bank, according to a report released this week by international rating agency Fitch. Hellenic Bank has entered into exclusive negotiations and has signed a put option agreement with CNP Assurances for the acquisition of its […]

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Limassol port “a natural gateway” for vehicle transport — traffic up by 75 per cent

Limassol port “a natural gateway” for vehicle transport — traffic up by 75 per cent

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, according to an announcement by the port management company released on Thursday. The announcement pointed out that this number represents a nearly 75 per cent increase in volume since […]

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