Here are the top business stories in Cyprus from the week starting July 7: Cyprus recorded a 2 per cent rise in house prices in the first quarter of 2025 compared with a year earlier, while rents continued to increase across the island, Eurostat data showed. Across the European Union, property prices rose 5.7 per […]
Following the province of Siem Reap, it must be Kampot province. Across the world, the name Kampot shines through its famed pepper that the top chefs consider one of the best, if not the best of the best. However, the city and Kampot province don’t have a reputation up to the importance they have had […]
In a remarkable move that redefines employee support within the retail sector, supermarket chain Sklavenitis has introduced the 14th salary to its entire workforce in Cyprus, including employees from the recently acquired Papantoniou stores. This initiative makes Sklavenitis the only supermarket chain on the island to offer this valuable financial benefit to all of its staff—regardless of […]
SolidVes Ltd has submitted an €80 million development proposal to Limassol Municipality, seeking environmental approval for twin 13-storey buildings combining residential, commercial, and office space on a 14,715 square metre plot at the junction of Omonia and Paphos avenues. The proposed development would create 18,719 square metres of built space across two independent structures. The […]
Cyprus emerged as one of the EU’s most active countries for online cultural engagement in 2024, with 94 per cent of internet users watching TV or videos online. This placed the island just behind the Netherlands and Finland, which topped the list at 96 per cent each, according to Eurostat revealed this week. By contrast, Romania reported […]
PwC Cyprus on Friday released a statement outlining their support for this year’s Invest Cyprus International Investment Awards, with the firm being a platinum sponsor of the event. The event, organised by Invest Cyprus under the auspices of president Nikos Christodoulides, reaffirmed Cyprus’ position as a regional hub for international business and recognised distinguished foreign investors […]
Our travel maven, Dr Iroshini Chua, takes us on another fabulous adventure. Setting the scene: A turquoise mirror flecked with emerald isles stretched before me as the speedboat sliced through the waves of the Gulf of Thailand toward Song Saa Private Island. 45 minutes from Sihanoukville’s port, this secluded haven in Cambodia’s Koh Rong Archipelago appeared from […]
By Kristina Cernakevica Two weeks ago, something quite revolutionary happened in the heart of Limassol. University Square – often a site of casual weekend strolls – became the stage for Cyprus’s first truly low-impact community celebration. The Zero Trace Festival, held on June 21 and 22, didn’t just invite people to enjoy food, music, and […]
Synopsis: Sora Bar in the country’s tallest hotel is ranked 65th in the extended list of Asia’s 50 Best Bars, marking a milestone in Cambodia’s rapidly developing bar scene. Cambodia’s bar scene is celebrating a historic milestone as Sora Bar at Rosewood Phnom Penh becomes the first bar in the Kingdom to be featured in […]
The Chief Scientist, Demetris Skourides, has concluded a high-level business visit to the United Arab Emirates, reinforcing Cyprus’ positioning as a forward-looking hub for artificial intelligence, deep technology, and innovation-led economic growth. The visit formed part of Cyprus’ broader strategy under Vision 2035 to foster cross-border partnerships, attract international investment, and accelerate the global competitiveness […]
The board of directors of Mall of Cyprus approved an interim dividend of €13.5 million, following a review of the company’s financial position based on the provisional 2025 accounts. According to an announcement, the dividend will be distributed proportionally to shareholders registered with the Cyprus Stock Exchange (CSE) as of July 23. Shareholders will receive […]
Cyprus recorded a trade deficit of €3.26 billion in the first five months of 2025, slightly up from €3.18 billion in the same period of 2024, according to figures released on Thursday by the statistical service. Specifically, total imports of goods from January to May 2025 amounted to €5.37 billion, rising by 13.7 per cent from €4.73 billion in […]
Financial literacy and AI focus of NBG innovation programme The National Bank of Greece on Thursday announced the launch of its 16th Innovation and Technology Competition as part of its NBG Business Seeds programme. “This initiative is the longest-running innovation support institution in Greece and Cyprus, promoting individuals with vision and offering them the tools and guidance needed […]
Invest Cyprus chairman Evgenios Evgeniou addressed foreign investors at the 13th Invest Cyprus International Investment Awards in Nicosia on Wednesday, reaffirming the organisation’s commitment to working with the international investment community to build a more diversified and innovative Cyprus. Speaking at the event, Evgeniou highlighted the growing confidence in Cyprus as an investment destination, pointing […]
Chief Scientist Demetris Skourides recently completed a high-level business visit to the United Arab Emirates, according to an announcement released on Thursday. The visit aimed to “reinforce Cyprus’ role as a forward-looking hub for artificial intelligence, deep technology, and innovation-led economic growth”. “The visit formed part of Cyprus’ broader strategy under Vision 2035 to foster […]
MUMBAI: In a landmark move that signals bold ambitions for international expansion and cross-border innovation, HT Labs, the innovation and product arm of HT Media, has signed a strategic Memorandum of Understanding (MoU) with The Doers Company—organisers of Europe’s leading innovation events such as Reflect Festival and the upcoming Doers Summit. The MoU was formalised […]