Limassol’s Ariel Cinema, a historic site long out of use, is set to be transformed into a 19-storey mixed-use tower following approval from the environment department. Dating back to 1966, the cinema was located at the intersection of Makariou and Agia Zoni streets and featured separate theatres for winter and summer viewings, making it a […]
The outlook for Cyprus tourism in 2025 is encouraging, with booking flows surpassing those of the previous year, according to president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. Michaelides stated that early bookings for 2025 are showing stronger interest compared to the same period in 2024. He explained that “while 2024 was considered a […]
A broad meeting under the President of the Republic, on attracting quality investments to Cyprus, was held at the Presidential Palace, while a discussion was also held on the topic of encouraging successful young overseas Cyprus to return to the island. As stated by Government Spokesperson Konstantinos Letymbiotis, the meeting held on the topic of […]
Deputy Minister of Shipping Marina Hadjimanolis highlighted the need to enhance the competitiveness of the Cyprus maritime flag during a two-day visit to Athens. On the first day of her visit, Hadjimanolis chaired the initial regular meeting of the advisory committee for strengthening the competitiveness and quality of the Cyprus flag. The committee deliberated on […]
The Central Bank of Cyprus (CBC) aims to maintain stable prices and a sound financial system, according to governor Christodoulos Patsalides. Speaking at the 12th Banking Forum and Fintech Expo on Thursday, Patsalides said that “by embracing the digital economy, ensuring robust governance, and addressing climate change, we are positioning Cyprus as a forward-looking financial hub in Europe“. “Together, we will navigate […]
Paphos tourism board calls for state support to increase beds during winter The outlook for Cyprus tourism in 2025 is encouraging, with booking flows surpassing those of the previous year, according to president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. Speaking to the Cyprus News Agency (CNA), Michaelides stated that early bookings for 2025 are showing […]
Salamis Tours (Holdings) Public Ltd has issued assurances regarding its employment policy amidst a potential acquisition by E.V.H. Investments Ltd. E.V.H. Investments Ltd has been steadily increasing its stake in the company, aiming for a potential full acquisition. The company confirmed that no adverse effects on its operations or interests would arise if E.V.H. proceeds […]
The first of three state projects announced for Larnaca Marina following the termination of the previous contractor’s agreement has officially entered implementation phase. Transport Minister Alexis Vafeades announced after Wednesday’s Cabinet meeting that €1.5 million has been approved for dredging and renovation works at Larnaca Marina. The works are deemed essential for the marina’s safe […]
The Cabient has approved the expenditure of €1.5 million for dredging and renovation works at Larnaca Marina. As announced by the Minister of Transport Alexis Vafeades after the end of the Cabinet meeting, these works are deemed necessary for the safe operation of the marina and the safe entry and exit of boats to the […]
The development lays the foundation for enhanced security cooperation with the incoming administration, reflects the long-term shared objective of bolstering interoperability In a landmark decision that underscores the growing strategic depth of US-Cyprus relations, President Joe Biden issued a presidential determination, officially including the Republic of Cyprus in three critical US defense programs. This significant […]
The Cyprus federation of employers and industrialists (Oev) has announced the opening of applications for the 18th Cyprus Innovation Award Competition. “This longstanding event celebrates the ingenuity and creativity that characterise Cypriot businesses and organisations across various sectors,” the federation said in a statement. Supported by the Deputy Ministry of Research, Innovation and Digital Policy, […]
The Research and Innovation Foundation (RIF) has initiated a consultation for a new €10 million funding programme. The new programme, titled ‘STEP: Setting up facilities and production lines for manufacturing new innovative products or services’, is open to Cypriot companies of all sizes. It aims to bolster the development of critical technologies across a number […]
For the period January – December 2024 average total government employment reached 54,314 persons, marking an increase of 1,615 persons (3.1%) compared to the corresponding period of 2023, according to data released by CySTAT. This increase is mainly attributed to the increase of the Educational Service casual staff, due to the abolition of the purchase […]
The Natural Gas Infrastructure Company (ETYFA) will issue a tender to select the next destination of the ‘Prometheus’ “floating liquefied natural gas (LNG) unit, as stated by Energy Minister George Papanastasiou. He also noted that the ship will remain in Malaysia for another two to three months to undergo necessary modifications while awaiting key components. […]
Andreas Demetriades, chairman of the Association of Large Investment Projects, emphasised the critical role of foreign investment in Cyprus’ development sector during the 2025 forecast presentation this week. He stated that foreign investment is not only beneficial but essential, explaining that it “drives liquidity, creates skilled jobs, and transfers valuable know-how to Cyprus—key factors in […]
The first official session of the advisory committee for strengthening the competitiveness and quality of the Cyprus flag was held in Athens this week, attended by Deputy Minister of Shipping Marina Hadjimanolis. According to an announcement, the meeting aimed to “refine strategies that enhance the global standing of the Cyprus flag amidst ongoing challenges in […]