Fintech giant acquires 200,000 sqm in landmark real estate deal with possible future plans The Bank of Cyprus has closed a major property deal with fintech firm Exness, selling land worth €75 million in Paphos, sources confirmed to Kathimerini Cyprus. The deal involves approximately 200,000 square meters of land, previously owned by the bank’s Real […]
Despite cancellations by Israelis who had arranged holidays in Cyprus during recent days, Larnaca hotels are now overbooked due to the arrival of significant numbers of foreign nationals seeking flights to return home. Information from competent sources indicates that since yesterday, occupancy rates at all hotel units in the city and tourist area have exceeded 95%. The remaining […]
The Limassol regional tourism board (Etal) this week inaugurated a new viewing in Pissouri, according to an official announcement. The board explained that the new viewing point, located in the Melanda area of the coastal village, has been designed to “offer a unique visual experience”, allowing visitors to “enjoy the vast blue of Pissouri bay and the enchanting natural […]
The Indian Prime Minister’s visit to Cyprus reaffirms India’s strategic vision for deepened engagement with Cyprus, the Mediterranean, and the European Union, and sets the stage for tangible advances in security, economic, technological, and diplomatic cooperation, the Indian High Commissioner to Cyprus, Shri Manish has said. Speaking to CNA, he noted that, in the near future, […]
Viraj Kulkarni, the Honorary Consul of Cyprus in Mumbai, is confident that India’s Prime Minister Narendra Modi’s visit to Cyprus will further boost the already thriving relations between the two countries and reveals a growing number of Indian companies have shown an interest in establishing a presence in Cyprus. In an exclusive interview with CBN, […]
Cyprus has further reinforced its system for preventing money laundering and combating terrorist financing, according to the follow-up report published on Wednesday by MONEYVAL, the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism. The report concluded that Cyprus has made progress to address technical compliance deficiencies related to […]
The Investopia Global Mediterranean Forum, which took place in Limassol recently, was a platform for promoting Cyprus as a tourist destination and promoting our country in large markets such as the United Arab Emirates (UAE), both to attract tourists and as an ideal choice for investments in the tourism sector of the island. As part of the Forum, Deputy […]
Tourist arrivals recorded an annual increase of 13.7% in May 2025 as, according to CySTAT, the number of tourist arrivals reached 479,160 in May 2025 compared to 421,400 in May 2024. For the period of January – May 2025, arrivals of tourists totaled 1,344,486 compared to 1,170,214 in the corresponding period of 2024, recording an […]
Cyprus Investment Funds Association (CIFA) president Maria Panayiotou on Wednesday detailed the progress achieved in Cyprus’ investment fund ecosystem over the past 12 years. Panayiotou highlighted the new level of maturity seen in the sector, with recent developments underscoring the country’s ambition to position itself as a credible European investment hub. According to Panayiotou, the […]
Cyprus is ramping up efforts to boost workforce skills with a fresh wave of training programmes, set to launch in the second half of 2025. The schemes have just been approved by the human resources development authority (Anad) and will be delivered exclusively through certified vocational educational centres across the country. The programmes aim to […]
Minister says similar projects planned to boost sports infrastructure nationwide Transport Minister Alexis Vafeades expressed pride on Wednesday during a presentation of the newly upgraded Spyros Kyprianou Athletic Centre in Limassol, ahead of its role as a host venue for FIBA EuroBasket 2025. “I am very proud of the entire team behind the renovation of this stadium, and for delivering […]
Cyprus should follow Malta’s example for purchasing energy It is now official. The commercial operation of Cyprus’ Competitive Electricity Market commences on September 15, with the first trading day on October 1. It took an inordinate length of time to get there, but already there are doubts about how appropriate the adopted ‘target model’ is […]
Japan has introduced a digital eVISA system, making it easier for tourists from select countries to visit for up to 90 days. This guide explains who’s eligible, how to apply, and what travelers should know before boarding a flight. Travelling to Japan just got a whole lot easier. As of May 23, 2025, Japan has officially launched its […]
The two-day visit that Indian Prime Minister Narendra Modi is making to Cyprus since Sunday lays solid and strong foundations for the redefinition and further strengthening of Cyprus-India business/economic cooperation. The focus of this cooperation is the investment relations between the two countries in the light of Cyprus’ will to transform and establish itself as […]
“I would like to say that the CCCI supports every effort aimed at further developing the business relations between Cyprus and India. From shipping and maritime cooperation, to fintech, and digital transformation, pharmaceuticals, green energy, agriculture and academic exchange,” Cyprus Chamber of Commerce & Industry President Stavros Stavrou has said. Stavrou was speaking at a […]
The Research and Innovation Foundation (RIF) has launched a new €10 million funding scheme to help Cypriot companies turn innovative ideas into high-value products and services. Known as STEP (setting up facilities and production lines for manufacturing new innovative products or services), the programme is part of a series of flagship actions unveiled by president Nikos Christodoulides in the 2025 […]