The strategic importance of Ayia Napa Marina for the development of the free Famagusta district and the promotion of maritime tourism in the Eastern Mediterranean was highlighted by Chief Marina Officer Costas Fitiris as he addressed the International Sea Tourism Festival 2025 (ISTF). Fitiris welcomed attendees, noting that the presence of the President of the Republic […]
, excellent relations with neighbouring countries, and above all, our safety, make Cyprus a uniquely attractive destination,” he said. He noted that even though part of the island remains under Turkish occupation for over five decades — including 420 kilometres of coastline — the Republic continues to capitalise on the natural beauty and maritime wealth […]
Jefferies has reaffirmed its positive outlook on Greece’s two largest banks, the National Bank of Greece (NBG) and Eurobank, ahead of their upcoming third-quarter 2025 financial results. The investment firm raised its price target for NBG to €15.50 from €13.55 and for Eurobank to €4.15 from €3.70, maintaining a “Buy” recommendation on both lenders. Jefferies said the two banks are entering the final quarter […]
Passenger traffic at Larnaca and Paphos airports surpassed 10 million in the first nine months of 2025, marking a new record for Cyprus’ aviation sector. According to new data from Hermes Airports, a total of 10.7 million passengers travelled through the island’s two international airports between January and September, 7.7 million through Larnaca and 3 million through Paphos. For the sixth consecutive […]
The unavoidable imperative of strategic investment The capital divide The economic history of Cyprus is a tale of resilience, often defined by its agile recovery from external shocks and its strategic location. Yet, the demands of the modern global economy, characterised by rapid technological disruption and acute geopolitical uncertainty, require more than mere resilience; they […]
Interest in maritime studies has been steadily growing in Cyprus, mirroring the island’s long-standing relationship with the sea and the strength of its shipping industry. At the Cyprus University of Technology (Tepak), the Department of Shipping has rapidly become one of the country’s most popular academic choices, reflecting both the sector’s prospects and Limassol’s position as a […]
Business & economy wrap-up from the day before The 16th Limassol Economic Forum convened prominent figures to dissect how global disruption is reshaping economies and trade, stressing that resilience, reform, and leadership are crucial for Cyprus and Europe. Deputy Minister Irene Piki detailed the government’s strategy, built on reform, investment, and institutional integrity, to build […]
Here are the top business stories in Cyprus from the week starting October 20: The International Chamber of Shipping (ICS) expressed disappointment following the conclusion of the International Maritime Organisation’s (IMO) Extraordinary Session of the Marine Environment Protection Committee (MEPC) in London, where member states failed to reach an agreement on the Net-Zero Framework (NZF) […]
The Deputy Ministry of Tourism is employing the dynamic tool of Fam Trips (Familiarisation Trips) for the tourist promotion of Cyprus abroad, aiming to attract tourists. It is relying on travel agents, journalists, bloggers, and influencers, offering them a trip to the island that includes visits to hotels, attractions, and events so they can experience Cyprus firsthand […]
AmCham Cyprus on Friday announced its newly elected board of directors and president, following its annual general meeting held on September 18, and a subsequent board of directors meeting on October 16. AmCham Cyprus, which operates under the Cyprus Chamber of Commerce and Industry (Keve), aims to strengthen trade between Cyprus and the US. In its announcement, the chamber extended its […]
The Central Bank of Cyprus (CBC) on Friday held its first special session on the digital euro, bringing together payment service providers, including banks, payment institutions, and electronic money institutions. The event focused on the European Central Bank’s (ECB) upcoming decision on the next steps of the digital euro project and ongoing legislative negotiations in Brussels on the Single Currency Package. Delivering the opening address […]
Just like the Michelin stars that honor the world’s best restaurants, the Michelin Key is now shining on the planet’s top hotels, and two of them are right here in Cyprus. Both have just earned 1 Michelin Key, a brand-new distinction by the Michelin Guide celebrating hotels that deliver a “very special stay.” One sits […]
Paphos has been included in the list of the ‘Top 100 Green Destinations Stories 2025’, highlighting global best practices in sustainable tourism, the district’s Regional Board of Tourism has announced. As noted, Paphos was distinguished in the Culture and Tradition category for its best story and best practice, the innovative initiative to “unify and package” the […]
A true taste of autumn Baked Manouri Cheese with Figs There’s something magical about early autumn, when the evenings turn crisp, and the garden still offers a few last gifts. This year, my fig tree blessed me with a handful of late, sun-kissed figs, thanks to the beautiful weather we had in the UK. I […]
Alpha Bank has launched its first green senior preferred bond, seeking to raise up to €500 million from investors. The bond has a six-year maturity, though it is callable after five years. Market estimates suggest the interest rate will be around the 3 per cent mark. This issuance has been assigned a Baa2 rating by Moody’s, marking it as the bank’s first full investment […]
The Bank of Cyprus has completed one of the most extensive restructurings in Europe over the past decade, according to a new report by Eurobank Equities. The brokerage issued a buy recommendation on the stock with a target price of €10, implying a price-to-tangible book value (P/TBV) ratio of 1.47 times for 2027, and one of the highest dividend yields in Europe. According to the […]