Agrotourism is on the rise in Cyprus as Deputy Minister of Tourism, Κostas Koumis, has noted, citing data for overnight stays in agrotourism accommodation. In 2023 they reached 166,293, in comparison to 153,196 in 2022, he said. Koumis was speaking at the 18th Annual General Meeting of the Cyprus Agrotourism Company, held in Platres on 15 […]
The maritime passenger connection between Cyprus and Greece will restart on 29 May, Deputy Minister of Shipping Marina Hadjimanolis has announced. She also noted that bookings could be made from 17 April, adding that the public response to the service had surpassed all expectations. Speaking during a press conference at the Limassol Chamber of Commerce […]
AstroBank on Tuesday released its financial results for the year ending December 31, 2023, reporting a profit after tax of €30.4 million, while also marking a Return on Equity (RoE) of 13.9 per cent, compared to a profit of €12.2 million and RoE of 6.2 per cent in the previous year. Aristidis Vourakis, AstroBank’s Chief Executive Officer, said that “2023 […]
Chief Scientist Demetris Skourides recently concluded a series of meetings in Tokyo, seeking to bolster cooperation between Cyprus and Japan in the fields of research and innovation. According to an announcement released on Tuesday by the Research & Innovation Foundation (RIF), during his visit to Japan, Skourides engaged in key discussions and meetings, underscoring the […]
Application for ReflectX 2024, the second edition of the startup programme where innovation meets opportunity, is now open. Designed for ambitious startups from Seed to Series-A, ReflectX offers a unique blend of access, connections, and visibility. “After a successful 2023 debut, the ReflectX startup programme will be back, broadening its scope and raising the bar […]
In Q4 of 2023, two-bedroom apartments were the main attraction for buyers in Cyprus, according to Ask Wire‘s findings, which emerge from continuous monitoring of the development of 421 high-end projects across Cyprus. Throughout the last quarter of that year, a total of 240 sales was completed, amounting to €154 million in value. Specifically, in October, 89 […]
A long journey of milestones, difficult moments, and achievements for the country’s largest financial institution was how the Bank of Cyprus described its 125-year history. A vision that took root over a century ago, driven by the aspirations of the Cypriot people, was destined to evolve into the largest financial institution of the country. The anniversary was marked […]
President Nikos Christodoulides will on Monday travel to London for a series of contacts with financial parties, entrepreneurs and investors. As part of his visit, the president will participate in a business forum during which the prospects of Cyprus as a business and investment centre will be presented, at the High Commission of the Republic. Christodoulides will […]
President of the Cyprus Stock Exchange (CSE) Marinos Christodoulides recently released a statement underscoring the significance of developing the bond market within the CSE framework. In addition, Christodoulides highlighted the introduction of European Medium-Term Notes (EMTNs) from the Republic of Cyprus into the CSE, alongside ambitious growth plans for the exchange. “The Cyprus Stock Exchange, as part […]
The Cypriot Ministry of Finance stated on Monday that there are currently no risks to the Cypriot economy from regional developments. However, it emphasized its readiness to closely monitor the situation and take necessary actions and measures, following an extraordinary meeting convened by Minister Makis Keravnos in the morning. (ekathimerini)
The Republic of Cyprus is entitled to request from the implementing entity – Greece’s Independent Power Transmission Operator (ADMIE) – an updated report on the cost-benefit analysis regarding the electricity interconnection between Cyprus and Greece as well as the updated business model, Cypriot Minister of Energy, Commerce and Industry George Papanastasiou has said. Speaking from […]
President Nikos Christodoulides is travelling to London for a series of meetings with financial stakeholders, entrepreneurs and investors. As said in a written statement by the Government Spokesman, Konstantinos Letymbiotis, as part of the visit, the President of the Republic will participate in a 16 April event with businessmen and investors which will take place […]
The car market is continuing its upward streak, with passenger saloon car registrations up 23.3% in the first quarter of 2024, reaching 10,189 compared to 8,264 in the same period last year. A slight decrease has been recorded in the registrations of used saloon cars, which constitute the majority with 56.2% (5,724) against the 43.8% […]
Following the demands of the modern era, PwC Cyprus has strategically integrated ChatPwC – an innovative generative artificial intelligence assistant (GenAI) – into its operations, thereby granting its people the ability to utilize it daily. Consequently, this strategic initiative aims to harness the power of GenAI to boost productivity, expedite service delivery, and foster innovation. Designed […]
The I-STARS project, aimed at promoting sustainable tourism in Europe, has completed the selection process of a total of 125 tourism businesses from Cyprus, Greece, Ireland, Italy, and Spain, each receiving grants of up to €5,600. The I-STARS project initiated an open call in July 2023, inviting businesses from various tourism sectors to apply for […]
The Ministry of Energy, Commerce and Industry has announced the second phase of the New Business Activity Support Plan, amounting to €20 million. This Plan forms part of the “THALEIA” Programme for 2021-2027 and is co-financed by the European Regional Development Fund (ERDF), the European Social Fund (ESF) of the EU, and the Republic of […]