Deputy Minister of Tourism Kostas Koumis expressed his satisfaction with the tourism statistics for October, stating that it is the first time arrivals in October have exceeded half a million. He added that the period January–October 2025 was also “the best ten-month period in the history of our country’s tourism”. “The October statistics confirm the […]
The second edition of the Cyprus Forum Brussels will convene on 18 November at the European Parliament, bringing together influential policymakers, experts, and thought leaders for timely discussions. Organised by Oxygen for Democracy in collaboration with MEP Loucas Fourlas, this year’s gathering comes at a pivotal moment as Cyprus prepares to assume the EU Presidency. […]
The state budget implementation for the first seven months of 2025 stood at 31%, compared to 30% in the same period of 2024, according to the Treasury of the Republic. Over the last decade, the average implementation rate of the state budget’s development expenditures up to the end of July stood at 27%. The total development expenditures […]
The state budget showed a primary surplus of 11 billion euros on a cash basis in the January-October period, compared to €8 billion in the same period of 2024. The cash result of the central administration showed a surplus of €3.9 billion (against €7 billion last year). According to Bank of Greece data, during this […]
Cyprus strengthened its tech and business ties with Qatar earlier this month, following a delegation to Doha organised by the employers and industrialists federation (Oev) and the Cyprus Information Technology Enterprises Association (CITEA). The delegation was accompanied by Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou. Oev was represented by its former president […]
The Cyprus Chamber of Commerce and Industry (Keve) recently completed a high-level business mission to Beijing, according to an announcement released on Tuesday. The chamber said that the event highlighted Cyprus’ role “as a strategic bridge between China and the European Union in technology, innovation, healthcare, services and shipping”. The mission opened on November 9 with a welcome […]
Deputy Tourism Minister hails Cyprus’ tourism performance Deputy Tourism Minister Kostas Koumis on Tuesday expressed satisfaction with the tourism figures for October, following a surge in arrivals that surpassed the half-million mark for the first time in that month. He also underscored that the period of January-October 2025 was “the best ten-month period in the history of our country’s tourism”. Specifically, […]
Time spent in or near the sea lowers stress hormones, restores focus and strengthens the body’s natural resilience. By Christina Michailidis For centuries, people have looked to the sea for healing. In 18th century Europe, doctors would prescribe sea air and saltwater baths as remedies for melancholy and fatigue. This is what is referred to […]
Evgeny Staroselsky has now completed the gruelling Seven Summits On October 13, Evgeny Staroselsky stood atop the razor-edged limestone summit of Carstensz Pyramid in Papua, completing the last of the famed Seven Summits: Everest, Vinson, Elbrus, Denali, Aconcagua, Kilimanjaro, and now, Oceania’s 4,884-metre peak. With it, he became the first Cypriot citizen to finish the […]
Cambodian and Sri Lankan business leaders discussed strengthening trade and investment between the two countries, with a focus on shared potential in manufacturing, logistics, construction and real estate, energy, tourism, and services. The investment promotion was raised during a meeting on Friday between Kith Meng, President of the Cambodia Chamber of Commerce (CCC) and Chair […]
The President of Cyprus Employers & Industrialists Federation (OEB), George Pantelides , characterises the upcoming BusinessEurope Presidents’ Summit in Nicosia as an excellent opportunity to present Cyprus as a reliable, stable and active partner on the European business scene, highlighting the multiplier benefits for the country in an interview with InBusinessNews. According to Pantelides, the timing of the Summit is also critical, as […]
Tourist arrivals in October 2025 amounted to 537,744 compared to 459,106 in October 2024, marking an increase of 17.1%, according to CySTAT. It is added that for the period January-October 2025, tourist arrivals amounted to 4,142,534 compared to 3,727,196 in the corresponding period of 2024, marking an increase of 11.1%. In particular, it is stated […]
Nicosia is pushing ahead with the biggest expansion of its hotel stock in years, with projects that are expected to more than double the capital’s capacity by 2027. The city today counts 12 hotels, offering about 670 rooms and 1,300 beds, with Hilton the only five-star option. However, according to Politis, the momentum has shifted, as […]
The Cyprus Investment and Securities Corporation Ltd (CISCO) has been named the best asset management company in Cyprus for 2025 by Global Banking and Finance Review magazine. CISCO previously secured the same award in 2023 and 2024, reinforcing its leadership and steady -performance in the local market. Alongside this, the company has also been included […]
The GDP growth rate in real terms, seasonally adjusted, during the third quarter of 2025 is positive and it is estimated at 3.6% over the corresponding quarter of 2024, according to a flash estimate, published by CySTAT. Compared to the previous quarter, GDP went up 0.9% in the third quarter. The positive GDP growth rate […]
The Statistical Service’s preliminary estimate for a 3.6% growth rate in the third quarter of 2025 is significantly higher than the EU average and confirms the impetus of Cyprus’ economy, Makis Keravnos has said. In a written statement, the Minister expressed satisfaction saying that “these figures confirm the impetus of the Cypriot economy, which in a period […]