Vehicle registrations increased by 45.0% in January-February 2024, according to the CySTAT report ‘Registration of Motor Vehicles’ for the period January-February 2024. In the meantime, the share of electric vehicles has reached 3.1% and of hybrid cars 36.3%. In February 2024 alone, the total registrations of motor vehicles reached 4,346, marking an impressive increase of […]
Cyprus recorded a surplus of €455.9 million, equivalent to 1.4% of its Gross Domestic Product (GDP), according the preliminary fiscal results released by CySTAT. This represents an increase from the surplus of €368.6 million, or 1.2% of GDP, registered during the same month in 2023. Revenue increased at a faster pace than expenditure in January […]
The Deputy Minister of Shipping, Marina Hadjimanoli said Cyprus was committed to attracting young people to the maritime profession as well as more women as part of its effort to enhance diversity. On the sidelines of the conference, Hadjimanoli met the Deputy Secretary of Transport of the Philippines, Elmer Sarmiento, who is responsible for maritime matters. […]
Finance Minister Makis Keravnos is in Brussels for the Eurogroup meeting at which ministers are set to discuss macroeconomic developments and prospects in the Eurozone. Their focus will be on adopting a joint statement regarding the member-states’ fiscal policies for 2025, in line with the expected implementation of the revised EU economic governance framework. A […]
REALTYon, the only event in Cyprus dedicated to the entire property industry, is returning for its second edition, with a further-reaching direction and an exciting agenda of topics. Scheduled to take place over July 3-4, 2024, at Cyprus’ iconic City of Dreams Mediterranean Integrated Resort, the premier real-estate event promises to be even bigger than last year. […]
By Yiannis Kourtoglou and Stamos Prousalis LARNACA, Cyprus, March 9 (Reuters) – Charity workers loaded relief supplies bound for Gaza on to a barge in Cyprus on Saturday as part of an international effort to launch a maritime corridor to a Palestinian population on the brink of famine. The European Commission had said a maritime aid corridor […]
The fourth quarter of 2023 witnessed a notable surge in Cyprus’ overall employment, recording a 1.1 per cent increase compared to the same period in 2022. According to data released this week by the Cyprus Statistical Service (Cystat), real working hours also experienced a growth of 1.5 per cent. During Q4 2023, the total number of […]
Cyprus will participate in the €19-billion project of electricity interconnection linking Cyprus, Greece and Israel, called “Great Sea Interconnector,” provided the conditions set out by the Cabinet are met, Finance Minister Makis Keravnos has said. Keravnos’ comments on 7 March came following the call by the Greek Independent Power Transmission Operator (IPTO) for Cyprus to […]
Eurobank Cyprus on Friday released its financial results for the year 2023, posting an after-tax profit of €199.4 million, reflecting a significant increase of 111 per cent over the previous year. In addition, the bank’s results showed enhanced capital adequacy, as well as notable improvements in operational costs. The positive outcomes affirm the bank’s resilient trajectory, effective management of […]
The Cyprus Registry marked its 60th anniversary of participation in global shipping activities earlier this week, highlighting its journey towards becoming a key player through a strategy focused on responsible and sustainable growth. Celebrated at the Great Britain Hotel in Athens, Greece, the event underscored the strong connection between Greek and Cypriot maritime sectors. The gathering was attended […]
This feel-good dinner makes the most of your time. Because you’re busy. You don’t have all day. I hear you. That’s where multitasking comes in: While hunks of Halloumi cheese and pita shards toast in the oven, you’ll slice up juicy citrus (snag blood oranges if you can for their vibrant hue), kicky shallot, kickier […]
Aegean Airlines has secured another slot at London’s Heathrow airport and is adding to its schedule a fourth daily flight from Athens to the UK’s busiest international hub, it said on Tuesday. The new flight will operate every day throughout the year except on Saturdays, leaving Athens at 4 p.m. local time and London/Heathrow at […]
In a proposal during a European Union Council of Transport, Telecommunications and Energy on Tuesday, Cyprus’ Minister of Energy, Commerce and Industry George Papanastasiou urged the establishment of an EU “solar bank” to finance the solar sector. The suggestion was made during a working lunch addressing the status of the EU solar energy industry and the […]
The Cyprus Computer Society (CCS) on Wednesday announced the Future Startup Founders programme launch, designed exclusively for aspiring female entrepreneurs. According to the announcement, this initiative falls under the Startup Founders pillar of the Erasmus+ EU co-funded project Femme Forward, to foster innovation and empower women in the tech startup landscape. The Future Startup Founders programme is a […]
The Great Britain-Cyprus Business Association held a conference on Tuesday evening which put the spotlight on Larnaca’s potential as a key investment destination. The event, titled “A Hidden Gem in the Mediterranean,” sought to cast the spotlight on Zenon’s city as a flourishing hub for both local and international investors. Savvas Kyriakides, the founder and President of the […]
Cyprus’ Finance Minister Makis Keravnos met with the chairman of Greece’s Independent Power Transmission Operator (Ipto) Manousos Manousakis, according to an announcement released on Tuesday evening. The announcement said that an Ipto delegation accompanied Manousakis. The meeting, which took place on Tuesday at the Ministry of Finance in Nicosia, involved a discussion on a number of […]