The Index of sale of Motor Vehicles spiked by 30% in 2023, pushed upwards mainly by price hikes in used cars. According to data released by CySTAT the index in the economic activity of sale of motor vehicles in the last quarter of 2023 amounted to 193.3 units, marking an annual increase of 42%, whereas the […]
A sustainable destination is one that respects its visitors, but at the same time respects its own resources, natural and human, said on Thursday Cyprus’ Deputy Minister of Tourism Kostas Koumis, during the annual tourism conference of the Association of Cyprus Tourist Enterprises (ACTE), held in Nicosia. Speaking at a round table discussion regarding the […]
Kition Ocean Holdings recently held its annual “Kition Volunteer Blood Donation Day” at its facilities located at the Larnaca Port Passenger Terminal. This event marked the second consecutive year of successful blood donation efforts by the company. According to an announcement by the company, the event ran under the theme of “Share The Gift Of Life”. […]
The Bank of Cyprus (BoC) on Wednesday announced that it has obtained approval from the European Central Bank (ECB) to pay a cash dividend and to conduct a share buyback programme, noting that this reflects the group’s strong financial performance and strategic progress. ‘Our ongoing commitment to delivering sustainable value to shareholders is demonstrated by our […]
A regular visitor from Sweden has been honoured with the title of ‘Tourism Ambassador of Ayia Napa’, in recognition of his 25th visit to the popular Cypriot resort town. According to a statement released on Wednesday by the Municipality of Ayia Napa, the honoree is Nils Ove Hallin, who has spent his holidays in Ayia Napa for the past 25 […]
The Commissioner for State Aid Control Stella Michaelides on Wedneday published her decision on a scheme for Small and Medium Size Enterprises (SMEs), titled “Circular Economy Project in Small and Medium Enterprises (SMEs)”, according to which the total amount for aid granted has been set at €400,000. At the same time, the plan sets €30,000 as the minimum investment […]
Cyprus’ Finance Minister Makis Keravnos on Wednesday met with the president and members of the board of directors of Eurobank Holdings, during which he underscored the significance of attracting foreign investments for the government of the Republic of Cyprus. He also extended a warm welcome to the recent business activities of the bank in Cyprus. According to […]
Around mid-May, the Cypriot Energy Regulatory Market (CERA) will put draft regulatory decisions in relation to the operation of the competitive electricity market in Cyprus for public consultation. In its announcement, CERA also states that with the contribution of specialized consulting services, it has recently completed the investigation of good practices at the European level […]
Efforts to transform Cyprus into an innovation-led economy resulted in a partnership combining technology and sports Cypriot football club Pafos FC is poised to revolutionise the way its players train and perform on the field by partnering with i-BrainTech, a sports technology company specialising in athletic brain training. It should be noted that i-BrainTech’s decision to expand its operations to […]
The successful candidate with work closely with other colleagues and will provide support throughout the implementation of the agreed action plan for achieving results for the agency’s three-fold mandate: investment promotion, facilitation of investors and aftercare services. “We’re on the lookout for a dynamic Investment Promotion Advisor to join our team in Nicosia,” Invest Cyprus […]
President of the Republic Nikos Christodoulides will travel to Belgium, where he will address the College of Europe in Bruges on Wednesday and will participate on Thursday in the European Council meeting in Brussels, Government Spokesman, Konstantinos Letymbiotis, has said, adding that the President will also attend a working lunch of the EU leaders with […]
The Cyprus Naturas Gas Public Company (DEFA) is racing against time to meet a deadline that finishes at the end of 2024 for the conclusion of the Liquefied Natural Gas Terminal in a bid to absorb the balance of the €101 million grant from the Connecting Europe Facility, a DEFA senior official has said. According […]
The House Committee on Energy, Trade, Industry and Tourism this week revisited a proposal aimed at abolishing fees for innovative startups, in a bid to boost innovation and entrepreneurship. This initiative represents an effort to support startups by reducing financial burdens while ensuring compliance with regulatory standards, thereby fostering a thriving ecosystem for innovation and entrepreneurship. This proposal, […]
Minister of Energy George Papanastasiou has expressed hope that the LNG Terminal, under construction in the Vassilikos area, will be completed before the end of this year. Speaking to journalists after the Council of Ministers meeting, the Energy Minister said that an additional 120 specialised personnel from China will arrive in Cyprus and that a commitment […]
ROAR Games, a new independent games studio focused on original game development, has announced that it has secured $1.5 million from The Games Fund (TGF), a specialist early-stage VC fund with offices in New York and Cyprus. It should be noted that The Games Fund, which invests in innovative early-stage games and game tech companies, was founded by games industry veterans, and holds […]
Cyprus marked a significant step forward in its environmental efforts on Tuesday with the signing of a contract for the supply and installation of 50 prefabricated Green Kiosks to serve as recycling pickup points in mountainous and remote regions. According to a statement from the Environment Department, the contract was signed between the latter and […]