The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will come into effect on January 9, 2025 and cover all banks in Cyprus and the single euro payments area (SEPA). “Customers will be able […]
Paphos on Saturday night hosted a Christmas classic car parade, with cars making their way from the town hall square around the local streets. The municipality said the parade “filled the town’s neighbourhoods with warmth and Christmas magic”, and that it “combined the tradition of classic cars with the spirit of the holidays, offering residents […]
A total of 1.6 million cubic metres of water flowed into Cyprus’ reservoirs in the last four days, water development department representative Yianna Economidou said on Friday. Speaking to the Cyprus News Agency, she said the Kouris reservoir in Limassol saw the largest inflow, with a total of 377,000 cubic metres of water running into […]
As of mid-December, Prey Veng rice exports to Vietnam reached 2.94 million tonnes worth over $836.67 million, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) on Monday. Ouk Samnang, Director of the Department of Agriculture, Forestry and Fisheries of Prey Veng Province told the media during a programme on the ‘Dry Season Rice Production […]
ExxonMobil’s drilling rig will start drilling in mid-January at the ‘Electra’ target, located in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ), for approximately one month, Energy Minister George Papanastasiou said on Thursday. “The geological structures we observe at ‘Electra’ are optimistic,” he told CNA. Papanastasiou explained that ExxonMobil’s drilling rig will be used for two drillings, one […]
Good for grabbing food on the go The Limassol Agora opened its doors approximately four years ago, having been renovated and transformed from the old-school Pantopoleio into a modern all-day venue. Not much has since changed since its launch, aside from a few things being rearranged and some of the shops and restaurants having closed, […]
Cypria Auctions is proud to announce the successful sale of the iconic Portrait of Katerina Botsari by Joseph Karl Stieler, which achieved a remarkable hammer price of €210,000, significantly surpassing its estimated value of €90,000 – €180,000. The auction, held on 10 December 2024 at Gallery K in Nicosia, Cyprus, witnessed a dynamic and competitive bidding process with over 14 […]
The Ministry of National Economy and Finance sets five key priorities in the conduct of economic policy for 2025. Ministry officials told the Athens-Macedonian News Agency that these are expected to be included in the relevant portfolio of priorities per ministry for next year, which will be served to each minister either at Monday’s cabinet […]
The Paphos Regional Board of Tourism (Etap) has welcomed the signing of a new agreement for the second phase of infrastructure development at Larnaca and Paphos airports. In a statement released following the signing of the new agreement, Etap expressed satisfaction that longstanding operational issues and strategic demands related to Paphos airport are finally being […]
Cyprus is set to sign an agreement on Friday with Hermes Airports to extend its management of Larnaca and Paphos international airports, alongside the launch of a major infrastructure expansion project at both facilities. The agreement, already approved by the Central Committee on Changes and Claims (CCCA), will extend Hermes Airports’ concession for an additional […]
Cyprus is set to sign an agreement on Friday with Hermes Airports to extend its management of Larnaca and Paphos international airports, alongside the launch of a major infrastructure expansion project at both facilities. The agreement, already approved by the Central Committee on Changes and Claims (CCCA), will extend Hermes Airports’ concession for an additional […]
The government has signed an agreement with Hermes Airports for a €170 million expansion of Larnaca and Paphos airports, officials said Monday. Work is expected to begin by March 2025. The infrastructure projects will take 30 months to complete at Larnaca airport and 27 months at Paphos airport. Hermes has secured financing from local banks […]
Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the Economics Research Centre (CypERC) at the University of Cyprus, recorded an annual increase of 1.2 per cent in November 2024. This marks the third consecutive month of growth, following similar rises of 1.2 per cent in October and 1.0 per cent in September, according to recently […]
The Paphos Regional Board of Tourism (Etap) has welcomed the signing of a new agreement for the second phase of infrastructure development at Larnaca and Paphos airports. In a statement released following the signing of the new agreement, Etap expressed satisfaction that longstanding operational issues and strategic demands related to Paphos airport are finally being addressed. “For Paphos Airport, […]
Personalisation and sustainability key to marketing success Blackbook Agency founder and managing director Eleftheria Voskaridou spoke with the Cyprus Mail about the future of marketing and the key trends shaping the industry in 2025. With nearly two decades of experience in strategic marketing and communication, she has worked on a range of projects across Cyprus […]
The value of wholesale trade activities in Cyprus saw an increase in the third quarter of 2024 compared to the same period last year, according to the state’s statistical service. The Wholesale Trade Turnover Value Index (Sector 46) recorded a rise of 4.6 per cent during Q3 2024, marking a notable improvement over the third […]