Paphos joins world’s top 100 green tourism destinations

Paphos joins world’s top 100 green tourism destinations

Paphos has secured a silver medal in the 2024-2026 Top 100 Green Destinations global rankings, a recognition for coastal quality excellence. The city earned its place after a reassessment by international independent tourism sustainability experts, who evaluated the destination’s commitment to sustainable practices and strategic priorities. The award recognised Paphos’s pristine beaches and the rare […]

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Koumis makes case for sustainable tourism, praises Paphos’ year-round appeal

Koumis makes case for sustainable tourism, praises Paphos’ year-round appeal

Cyprus and Greece must focus on sustainability to enhance their tourism offerings, according to Deputy Tourism Minister Kostas Koumis. Speaking at the 2nd Cyprus-Greece Business Forum on Wednesday, Koumis underlined the importance of tourism for both countries, saying that their natural beauty is a cornerstone of their appeal. “The tourism sector is a major pillar for both economies,” Koumis said. […]

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VTTI marks 10 years in Cyprus, green energy projects on agenda

VTTI marks 10 years in Cyprus, green energy projects on agenda

Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market. The milestone was highlighted in an announcement emphasising the company’s commitment to growth and sustainable energy practices. Thanos Patrikis, vice president for the Mediterranean region and Managing Director of VTTI Cyprus, […]

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Tour guides perform key role, says tourism ministry

Tour guides perform key role, says tourism ministry

The board of the World Federation of Tourist Guide Associations (WFTGA), led by its president, Sebastian Frankenberger, is currently in Cyprus to advance international training programmes and discuss industry developments. The WFTGA board met with Deputy Minister of Tourism Kostas Koumis on Monday, accompanied by representatives from the Cyprus Tourist Guides Association. The meeting coincided […]

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Cyprus Business Now: Fitch report, cooperative bank plan, hotel association

Cyprus Business Now: Fitch report, cooperative bank plan, hotel association

Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories. However, the agency mentioned that Cyprus continues to stand out with a positive outlook. Commenting on the report, government spokesman Konstantinos Letymbiotis said that this “is an irrefutable vote of confidence in the Cypriot economy, the government’s […]

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Foreign firms flock to Cyprus

Foreign firms flock to Cyprus

Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. These investments have created 1,200 new jobs across various sectors, highlighting Cyprus as an attractive destination for global businesses. Notably, companies from outside the European Union are increasingly using Cyprus […]

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Cyprus ship registry records 14% increase in 2024, Deputy Minister of Shipping reveals

Cyprus ship registry records 14% increase in 2024, Deputy Minister of Shipping reveals

The Cyprus ship registry has recorded a 14% increase since September 2023, Deputy Minister of Shipping, Marina Hadjimanolis has revealed. She was speaking during the 25 November discussion of the Deputy Ministry’s budget for 2025 at the Finance Committee of the House of Representatives. Hadjimanolis also noted that the Deputy Ministry’s revenue increased by 10% […]

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Cyprus promotes products at China expo

Cyprus promotes products at China expo

Cyprus showcased a range of traditional products at the 7th China International Import Expo in Shanghai, offering free samples of juices, wine, commandaria, zivania, and halloumi. The event, held from November 5-10, 2024, served as an excellent opportunity to enhance Cyprus’ trade relations with China and other nations. The Cypriot booth, managed by the Cypriot […]

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