Paphos is joining nine other European regions in the EU-backed Smart-Tour initiative to boost digital and sustainable tourism as part of its strategy to become a forward-looking destination. According to an announcement, the Paphos regional tourism board (Etap) will participate in the 36-month programme, which focuses on promoting accessibility, digital transformation, environmental sustainability, cultural heritage and creative […]

Hungarian and Cypriot stakeholders gathered at the Kean factory in Limassol for a joint event on ‘Smart and Sustainable Hungarian Solutions for Agriculture and Industry’, supported by Hungary’s Ministry of Foreign Affairs and Trade under the NEXT-KPI programme. The event was co-organised by the Cyprus Chamber of Commerce and Industry (Keve) and the Hungarian Embassy […]

The Cyprus Investment Promotion Agency, widely known as Invest Cyprus, has been honoured with the prestigious Editor’s Choice Award at the 17th IN Business Awards. According to an announcement released on Wednesday, this latest accolade is “yet another recognition of Invest Cyprus’ role in attracting foreign direct investment (FDI), supporting international investors, and promoting Cyprus […]

Founder and CEO of Freedom Holding Corp. Timur Turlov described Cyprus as the company’s “European gateway to global markets” during his address at the Sixth New York – Eastern Mediterranean Business Summit. Held under the theme “Cyprus – Greece – Israel: Spurring Resilient and Multilateral Collaboration with the Region”, the summit was organised by The Economist and brought together […]

A Cambodian delegation which is currently in the US to negotiate tariffs and improve bilateral trade between the two countries has found time to hold at least six meetings with US government and congressional leaders to discuss potentially increasing direct investment in the Kingdom. The delegation is being led by Deputy Prime Minister Sun Chanthol, […]

A major distinction for Cyprus in the StartupBlink Global Startup Ecosystem Index 2025, as the country has ranked 40th globally—rising five (5) positions from last year. With a growth rate of 28%, Cyprus is recognised for the second year in a row as the fastest-growing startup ecosystem in the European Union (EU). According to the report, […]

Cyprus’ economy expanded by 3.0% year-on-year in the first quarter of 2025, according to a flash estimate released by Cystat. The seasonally and working day adjusted GDP also recorded a 3.0% annual increase. On a quarterly basis, the economy grew by 1.3% compared to the fourth quarter of 2024, showing an acceleration from the previous […]

Tourist arrivals reached 418,730 in April 2025 compared to 333,563 in April 2024, recording an increase of 25.5%, according to data published by CySTAT. Arrivals from the United Kingdom were the main source of tourism in April 2025, with a share of 36.3% (151,883) of total arrivals, followed by Israel with 15.2% (63,474), Germany with 7.1% […]

Minister of Energy George Papanastasiou travelled to Doha this week to represent President Nikos Christodoulides at the Qatar Economic Forum, taking place from May 20 to 22. According to a statement from the Ministry of Energy, Papanastasiou met on Tuesday with Qatar’s Minister of Commerce and Industry, Sheikh Faisal Thani Al Thani, on the sidelines of […]

President Nikos Christodoulides on Tuesday welcomed the European Commission’s latest economic forecast, describing it as a “clear endorsement of Cyprus’ resilience, stability and prudent policymaking”. Speaking during the opening of a cabinet session at the Presidential Palace, Christodoulides said the Spring 2025 Economic Forecast, released by the European Commission on Monday, “is particularly important, even more […]

Cyprus residents made 164,844 trips abroad in April, marking a 24.1 per cent increase compared with the 132,806 trips recorded in April of last year, according to data released by the statistical service on Monday. The rise in travel activity was attributed to the rare overlap of Orthodox Easter, Catholic Easter and Jewish passover, which fell within the same period, significantly […]

Cyprus is moving ahead with its first affordable rental housing scheme, with construction on the initial phase of a new development in Limassol expected to begin by June, according to the Cyprus Land Development Organisation (Koag). The ambitious project, a collaboration between Koag and the Limassol municipality, will see the creation of a small residential community in […]

Debt-to-GDP ratio to fall below 60 per cent in 2025 Cyprus’ economy is expected to continue growing at a robust pace in 2025 and 2026, according to the European Commission’s Spring 2025 Economic Forecast released on Monday. Specifically, growth is expected to reach 3 per cent in 2025 and moderate slightly to 2.5 per cent in 2026. The commission explained that this expectation is […]

Digital push and tourism key in India-Cyprus-Greece collaboration A new chapter in trilateral economic relations between India, Greece, and Cyprus was officially opened on Friday with the launch of the India-Greece-Cyprus Business and Investment Council (IGC) in Limassol. The event, held under the auspices of Eurobank and attended by senior government officials, diplomats, and business […]

Prince Bank Plc. is proud to announce that it has once again been named the winner of the “Best Corporate Governance” award by International Finance Magazine in 2025, marking its second win, following its first recognition in 2023. This back-to-back honour reaffirms the Bank’s steadfast commitment to transparency, ethical conduct, and excellence in corporate governance. […]

Signs of human activity dating back to the first millennium BC on the western terrace of the Amathus Acropolis in Limassol were revealed by recent excavations, the department of antiquities said on Tuesday. Archaeologists uncovered building remains and pottery fragments beneath layers of collapse at two separate points. New findings suggest the western terrace of […]