Money management app Plum, which has offices in Nicosia, Athens and London, announced this week that it raised more than £16 million in its Series B round. Series B financing is the second phase of funding for a company that has achieved specific milestones and progressed beyond the initial startup phase. In addition, Investors in […]
The first investments from the Cyprus Equity Fund, established by the Cypriot government in collaboration with the European Investment Fund (EIF), are expected to commence in the autumn, it emerged on Thursday. The fund, with a total budget of €37.5 million, aims to bridge the financing gap in entrepreneurship and innovation. According to statements made […]
The opening of Salina Park, Larnaca’s newest urban green space, has been delayed by two months due to the summer heatwave. The park, which was originally slated for completion in August, is now expected to open in October. Mayor Andreas said that the contractor was granted justified extensions due to the extreme weather conditions. The 14,000-square-meter park […]
An international showcase of young talent, the first Blue Regatta Kimon has had an impact on youth sailing and Cyprus’ maritime heritage From last Thursday to Sunday, the city of Larnaca has been host to the 1st Blue Regatta Kimon, an event that has generated buzz among young sailing enthusiasts and their supporters worldwide. Organised […]
The Council of Ministers has approved the signing of a loan agreement worth €108m from the European Investment Bank (EIB) to finance the construction of student residences in Limassol and Paphos. The residences are meant for the students of the Cyprus University of Technology, based in Limassol, with departments operating in Paphos as well. President Nikos […]
The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced important updates related to its anti-money laundering (AML) exams for certified persons. The exams are designed to confirm that individuals appointed as AML compliance officers have received adequate training, although other employees working in finance may also take them to bolster their knowledge on the […]
The Bank of Cyprus has received two accolades recognising its corporate responsibility at the Boussias Cyprus Responsible Awards 2023, according to a statement released on Wednesday by the bank. Specifically, the Bank of Cyprus was awarded the Platinum Award in the Long-term Investment category for the establishment of the Bank of Cyprus Oncology Centre 26 […]
Pedalion Yachting, a luxury yachting company based in Cyprus, on Wednesday announced a new partnership with Italian boatmaker Comitti Yachts. According to the announcement, “this collaboration introduces the elegant and sophisticated Comitti yachts to the Cyprus market, renowned for their masterful blend of classic beauty and modern aesthetics”. The announcement added that Comitti Yachts are […]
Cyprus is definitely having its music moment this year as more and more international stars add it to their touring schedule. No complaints from music fans and as the summer ends its busy concert line-up, the autumn will arrive in full swing. One more star is travelling to the island in October. Set to perform […]
The deadline for applications in Cyprus for the second phase of the “Electrification at 1000” grant program has been extended by two months, now closing on September 30, the Department of Electromechanical Services announced. The initiative is part of the National Recovery and Resilience Plan and is aimed at promoting a green economy and sustainable […]
The Polish airline LOT has announced the resumption of its flights to Larnaca Airport, with four per week during the winter season. According to a press release from the deputy Ministry of Tourism, LOT intends to increase the frequency to six flights a week during the summer season in 2025. In addition to LOT, flights […]
At the initiative of the President of the Republic, a special meeting was held to inform the Council of Ministers about the implementation of the national strategy for Troodos and the development of mountain communities, Commissioner for the Development of Mountain Communities, Charalambos Christofinas has announced, noting that specific decisions were also taken. As he […]
€1.2 million in support for the development and energy sustainability of the port of Limassol, and €10.5 million towards the construction of the Nicosia perimeter motorway, are included in the €7 billion set aside for 134 transport projects all over the European Union within the framework of the Connecting Europe Facility – CEF. Europe-wide, 80% […]
Representatives of Cyprus’ Research and Innovation Foundation (RFI) and of the Japan Science and Technology Organisation (JST) recently met in Nicosia, to establish collaborations in cutting-edge fields such as artificial intelligence, robotics, energy, space research, and biotechnology. The RFI was represented at the meeting by its Chief Scientist, Demetris Skourides and Director General Theodoros Loukaides, while JST was represented by […]
Projects worth €141 million are set to transform the Polis Chrysochous area in the coming years, said the mayor Yiotis Papachristofis. Among these developments is the €60m expansion of the harbour at Latchi, described as “one of the most important tourist hubs of the municipality”. In an interview with CNA, Papachristofis spoke about several key projects, including […]
Tourist arrivals in Cyprus displayed a slight yet steady increase in June 2024, recording a 5.5 per cent rise to 482,261 compared to 456,985 in the previous year, according to the Cyprus Statistical Service (Cystat). This upward trend is also reflected in the first half of the year, with arrivals from January to June 2024 […]