Two Cyprus villages named among UN’s “Best Tourism Villages”

Two Cyprus villages named among UN’s “Best Tourism Villages”

Two Cypriot villages, Pissouri and Kalopanayiotis, have been named among the “Best Tourism Villages 2024” by UN Tourism. The awards, presented during the 122nd session of the UN Tourism Executive Council, recognised 55 villages from 30 countries, selected from more than 260 applications across 60 member states. The global recognition programme, now in its fourth year, evaluates villages […]

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MPs discuss €30m circuit to tame street racers, as 15,000 supercars in Cyprus

MPs discuss €30m circuit to tame street racers, as 15,000 supercars in Cyprus

The parliament is discussing plans to build new racetracks to combat illegal street racing, following concerns about public safety and 176 related complaints filed with authorities over the past five years. The House Transport Committee debated the proposal on Thursday, which would require approximately 300,000 square metres of land between Larnaca and Limassol and an […]

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Cyprus olive oil prices stable despite global drop

Cyprus olive oil prices stable despite global drop

Global olive oil markets are experiencing a shift, marking a departure from the past two years when drought and heatwaves led to reduced production and soaring prices. Producer prices have dropped sharply across major trading hubs, as markets attempt to stabilise at historical levels following a return to normal production volumes. However, industry experts say attention must now […]

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Cyprus bets on €1 billion plan to beat water crisis

Cyprus bets on €1 billion plan to beat water crisis

The cabinet approved a comprehensive action plan to combat drought and water scarcity, Agriculture Minister Maria Panayiotou announced Thursday. The programme includes 28 actions – seven immediate, eight medium-term, and 13 long-term measures – aimed at strengthening water security and infrastructure across the island. It complements a national water infrastructure investment plan worth over 1 billion euros […]

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Bank of Cyprus posts €401m after-tax profit — new loans reach €1.7bn (update)

Bank of Cyprus posts €401m after-tax profit — new loans reach €1.7bn (update)

The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’s latest financial results, €131 million of this amount was generated during the third quarter. “We continue to generate strong financial and operational results and are well positioned to […]

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Keve to host Ugandan business delegation

Keve to host Ugandan business delegation

The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it will host a Ugandan delegation, in the context of Agritrade Uganda’s visit to Cyprus, for a series of business-to-business meetings. Agritrade Uganda’s mission is to promote the country’s agricultural products on the international market, as well as to attract interest from foreign […]

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Cyprus salary over €2,360

Cyprus salary over €2,360

Cyprus saw a notable increase in average salaries in 2023. According to the latest figures from the Cyprus Statistical Service, the average gross monthly salary for employees on the island reached 2,363 euros in 2023, a 7.3% rise compared to the previous year. This increase follows a trend observed in recent years, as the salary […]

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