Foreign investors have officially notified Cypriot authorities this week of plans to establish a new coastal ferry link between Cyprus and Lebanon, according to the announcement. The proposal, confirmed by information obtained by Philenews on Tuesday, sets out a passenger-only connection from the port of Larnaca to Jounieh, a coastal town just north of Beirut. Initial contacts […]
The Central Bank of Cyprus (CBC) will publish a revised directive on the prevention of money laundering and terrorist financing on May 2, according to an announcement released on Tuesday. The updated framework aims to strengthen compliance obligations for banks and other supervised entities. It will also help to ease procedures where feasible for citizens and businesses interacting with the financial system. The CBC stated […]
Tourism revenues in Cyprus reached €79.7 million in February 2025, marking an increase of 22.4 per cent compared with the same month last year (€65.1 million), according to an announcement issued by the statistical service this Tuesday. Moreover, for the first two months of the year, revenues rose by 35 per cent, with total earnings estimated at €148.9 million, compared with €110.3 […]
Salamis Tours (Holdings) Public Ltd on Tuesday posted a robust financial performance for 2024, marked by double-digit revenue and profit growth across its business units, while also undergoing a major change in ownership structure. The company’s consolidated financial statements, approved by the board and audited by Ernst & Young Cyprus Ltd, show a profitable year, driven largely by maritime operations […]
The potential accession of Cyprus to the Schengen Zone can act as a powerful growth driver, as Stelios Demetriou, Partner and Head of Strategy and Transactions at EY Cyprus, explains. In an interview with InBusinessNews, he also notes that such a development can mark a decisive step towards the country’s European integration and send positive […]
The Cyprus Securities and Exchange Commission (CySEC) has announced the launch of a public tender for the provision of ‘Crypto-Asset Market Intelligence and Blockchain Analysis Service Solutions‘. The tender seeks a specialised provider capable of delivering instant and ongoing access for three users to a blockchain data platform through a Software-as-a-Service (SaaS) solution. It also requires immediate customised training, continuous live support, and access to […]
Bank of Cyprus Holdings Public Limited Company announced on Monday that it will release its financial results for the quarter ended March 31, 2025 on Monday, May 12. The announcement will be made before the opening of trading on the Athens Exchange and the Cyprus Stock Exchange. The disclosure will offer investors and stakeholders insight into the […]
The Cyprus Composite Leading Economic Index (CCLEI), compiled and assessed by the University of Cyprus’ Economics Research Centre (CypERC), continued its upward trend in March 2025. However, the annual growth rate of the index slowed to 1.7 per cent, compared to 2.3 per cent in February of the same year. According to the CypERC, “the slowdown in the annual growth rate […]
Cyprus_iT celebrates 8 years of supporting the local tech landscape Cyprus_iT, a prominent digital ecosystem, marked its 8th anniversary this month, according to an announcement by its founder Oleg Reshetnikov. Created in Cyprus, the platform has played a crucial role in transforming the island into a thriving hub for IT professionals, expats, and digital entrepreneurs. […]
Vice-President at the European Investment Bank Kyriacos Kakouris has described an investment plan meeting with representatives of the Electricity Authority of Cyprus (EAC) as “productive” and reiterated EIB’s support of the island’s increased sustainability. More specifically, in a LinkedIn post, Kakouris said the meeting was held to discuss the EAC’s investment plan for grid modernisation, […]
The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the Cyprus Real Estate Agents Registration Council. In its report, the council noted that Paphos is currently enjoying strong interest from international buyers, while Limassol […]
The Bank of Cyprus Holdings Public Limited Company announced on Friday that it has repurchased a total of 227,383 of its own ordinary shares between April 17 and April 24, 2025, as part of its ongoing share buyback programme. The purchases were executed through the Cyprus Stock Exchange (CSE) and the Main Market of the Regulated Securities Market of the Athens Stock Exchange (ATHEX), […]
Logicom Public Ltd has announced that its board of directors has approved the company’s annual financial report for the year 2024. This includes the group’s and the parent company’s audited consolidated financial statements, the management report, and the corporate governance report. These will be presented at the company’s annual general meeting (AGM), which is scheduled to take place on June 19, […]
Here are the top business stories in Cyprus from the week starting April 21: Workplace equality, support for vulnerable groups, and social enterprises are becoming key priorities under ESG’s social pillar, according to Andreas Alexi of the Cyprus Chamber of Commerce and Industry (Keve). Alexi said the concept of ESG, Environmental, Social and Governance criteria, […]
Alpan Group will present the three BYD electric cars it is introducing to the Cyprus market, the company announced. The company will showcase the BYD SEAL, BYD SEAL U and BYD SEALION 7 models at a charity concert featuring Greek singer Despina Vandi on 30 April at Pavilion Hall in Nicosia. Alpan Group, a member of the Sfakianakis […]
Sun Travel visited Limassol during shoulder season – a meal for two with wine cost £75 AN island city in Europe is one of the best spots for a May holiday, having highs of 26C. Limassol, a city in Cyprus is a great spot for anyone looking for a sunny break, as well as for wine-lovers and […]