Cyprus enters 2025 with optimism for its tourism sector, which is expected to match or surpass that of 2024, itself a record-breaking year, deputy minister Costas Koumis said on Tuesday. Last year, arrivals surpassed four million tourist for the first time, generating over €3 billion in revenue. Koumis said tourist arrivals so far this year are […]
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), yesterday said that the textile sector has experienced a remarkable 50 percent annual growth in exports, reaching a total export value of $14 billion last year. Speaking at the ‘Cambodia Global Textile Summit 2025’ themed ‘Shaping the Future: […]
President Nikos Christodoulides has announced more than 60 projects totaling over €180 million for the Larnaca district. He made the announcement on 29 March during an extensive meeting with stakeholders from the coastal town in Voroklini. The President is on a tour of municipalities and communities in Cyprus. Accompanied by several Ministers, Deputy Ministers, the […]
The Limassol Chamber of Commerce & Industry’s President, Andreas Tsouloftas, Honorary Secretary Liakos Theodorou and Secretary/Director Anthia Papageorgiou, recently hosted the British High Commissioner to Cyprus Michael Tatham, at the Chamber. In a LinkedIn post, the Chamber said discussions focused on key areas of mutual interest, “with an emphasis on strengthening bilateral cooperation and fostering […]
Deputy Minister of Shipping, Marina Hadjimanolis has highlighted the importance of the increase of Cyprus fleet by 18% from September 2023 to date. She was speaking during a recent dinner she hosted in Athens, to mark the second anniversary since Nikos Christodoulides’ government assumed office. According to a press release issued by the Deputy Ministry of Shipping, Hadjimanolis, paid a visit to […]
The Industrial Production Index reached 103.9 units (base 2021=100) in January 2025, recording an increase of 4.3% compared to January 2024, CySTAT data show. In particular, the manufacturing sector registered an increase of 3.7% compared to January 2024, while an increase was also observed in the sectors of mining and quarrying (+16.8%), water supply and materials recovery […]
A significant increase of 51.5% was recorded in February 2025 for poultry eggs for hatching placed in incubation for egg production, compared to February 2024, reaching 90,360, according to data released by CySTAT. Additionally, hatching eggs of poultry hens placed in incubation for meat production amounted to 1,351,500 in February 2025, marking a 13% decrease compared to […]
President Nikos Christodoulides announced on Monday that the Cabinet has approved an Easter allowance of 250 euros for low-income pensioners, reflecting a 30% increase from last year’s payment. Speaking at the Presidential Palace during a cabinet meeting, Christodoulides highlighted that the decision would benefit “more than 11,000 low-income pensioners” across the country. “I would like to […]
The Crystal Springs Beach Hotel in Protaras is set to undergo an expansion, with Derova Ltd announcing a €13.5 million development project to improve the facility and increase its capacity. This proposed plan will be implemented over the next 12 months on a 14,858 square metres plot in the Vrysoudia area of Paralimni municipality. The expansion, which is contingent upon an […]
SOFTSWISS, a leading international technology company specialising in iGaming software development, is set to participate in this year’s Reflect Festival as a Bronze Sponsor. The festival, scheduled to take place on May 15–16 in Limassol, is one of the premier technology events in the region, bringing together top innovators and entrepreneurs. As part of its […]
Larnaca Mayor Andreas Vyras inspected ongoing urban regeneration works in the city centre on Wednesday, accompanied by representatives from local business associations, to address concerns about the project’s impact on the area. The first phase of the redevelopment project, which includes the renovation of streets and squares, is at an advanced stage with utility services now underground, the municipality said […]
President Nikos Christodoulides has defended his government’s economic policies and dismissed opposition criticism of public sector hiring as he prepares for a trip to the United States aimed at boosting investment. Speaking to reporters in Voroklini on Saturday, Christodoulides outlined his upcoming visit to New York, Texas, and San Francisco, starting on Wednesday. “This visit […]
Prestigious Annual Awards Program Recognizes Standout Financial Technology Products & Companies Around the World Libertex, part of the Libertex Group and one of the leading online brokers, today announced that it has been selected as winner of the “Best Online Trading Platform” award in the 9th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization […]
Cyprus’ Deputy Ministry of Shipping on Friday announced the launch of the second Gender Equality Award in Cypriot Shipping for 2025. This follows a decision by the Cabinet to establish the initiative as an annual institution. “The award is presented annually by the Deputy Minister of Shipping, on behalf of the president of the Republic of Cyprus, during […]
The Finance Ministry has welcomed the observations and recommendations made by the International Monetary Fund (IMF) during its mission to Cyprus as part of the Article IV consultations. In a statement released on Friday, the ministry expressed agreement with the IMF’s assessment that the Cypriot economy has demonstrated resilience in the face of successive shocks and that fiscal indicators remain strong […]
Cyprus has shown resilience in the face of successive economic shocks, with growth remaining among the highest in the euro area, according to the International Monetary Fund (IMF). In a statement released on Friday, at the conclusion of an IMF mission to Cyprus from March 17 to 28, mission chief Alex Pienkowski highlighted key economic […]