Government revenue grows 6.6 per cent in last quarter of 2024 The Republic of Cyprus significantly narrowed its fiscal deficit in the fourth quarter of 2024, according to preliminary figures published by the Cyprus Statistical Service (Cystat) on Friday. The general government recorded a deficit of €6 million between October and December 2024, compared with a deficit of €117.9 million during […]
Property sales in Cyprus reach €1.1 billion in first quarter The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the Cyprus Real Estate Agents Registration Council. In its report, the council noted that Paphos is currently enjoying strong interest […]
Cyprus maintains positive GDP growth despite global headwinds Cyprus recorded a positive economic growth rate of 3.4 per cent in real terms for 2024, with its gross domestic product (GDP) reaching €33.57 billion at current prices. In addition, according a report released by the statistical service on Wednesday, real GDP, measured in volume terms, stood at €28.75 billion. These updated figures incorporate […]
Italian energy company Eni on Thursday described the two agreements signed by Cyprus and Egypt earlier this year concerning the exploitation of natural gas resources under the seabed in the eastern Mediterranean as “historic”. “A historic agreement was signed with Cyprus and Egypt for the exploitation of the significant natural gas deposits in the Kronos reservoir […]
Nicosia hosts key event as tourism sector gains fresh momentum As Cypriots gear up for a record-breaking year of travel, the 26th Travel Expo Cyprus kicks off in Nicosia on Friday, April 25, bringing together airlines, tour operators and tourism bodies from across seven countries. Running until Sunday, the exhibition comes at a time when demand […]
OpenAI, Amazon, and other global giants are exploring a physical presence in Cyprus, while Indian firms prepare to land—and the island steps up efforts to bring its brightest minds back home.Cyprus is making bold moves on the global investment stage, with recent diplomatic and business outreach campaigns targeting major players in the U.S. and India. […]
The price of eggs increased in March 2025 compared to March 2024 in the EU, including Cyprus but to a lesser extent, according to data released by Eurostat. The same data shows the increase reported over the past few years has slowed down. In March 2025, the price of eggs in the EU was on average […]
Cyprus is seeing a strong flow of tourist arrivals this spring, with Paphos enjoying robust bookings from key foreign markets and a noticeable uptick in domestic travel over Holy Week. Speaking to Philenews, Cyprus Hoteliers Association (Pasyxe) president Thanos Michaelides said the first half of 2025 is shaping up to surpass the same period last […]
Workplace equality, support for vulnerable groups, and social enterprises are becoming key priorities under ESG’s social pillar, according to Andreas Alexi of the Cyprus Chamber of Commerce and Industry (Keve). Alexi said the concept of ESG, Environmental, Social and Governance criteria, is becoming increasingly embedded in the business world, as companies recognise that long-term sustainability […]
The federation of employers and industrialists (Oev), marking 65 years of activity in Cyprus, has long prioritised internationalisation as a strategic pillar for strengthening the competitiveness of local businesses. Specifically, Oev official Marcos Kallis stated that access to international markets is no longer considered optional, but essential. As part of its ongoing efforts to support […]
Against a backdrop of shifting global business dynamics and the pressing need to adapt to international economic developments, the 15th Nicosia Economic Congress hosted a high-level discussion last week on Cyprus’ future as an international business and financial centre. The conversation highlighted critical issues — from the need for swift delivery of justice, to the […]
The Paphos regional tourism board (Etap) this week said that its digital tourism campaign is exceeding expectations, with the organisation reporting that its goals have already been significantly surpassed. According to an official announcement, “since the launch of the campaign in mid-February, more than five million promotional messages have been distributed across various communication channels”. […]
By Pavlos Loizou Limassol continues to lead the Cypriot property market—not just in volume, but in the depth of insight it now offers to those with the tools to interpret it. In 2024, the city recorded 7,348 property sales with a total value of €2.53 billion, reaffirming its position as the country’s most active and competitive real estate […]
With impressive growth in traffic, number of listings, and technological innovation, the BuySell platform is outperforming every other real estate website and app in Cyprus — and the numbers prove it. 1. The Most Popular Real Estate Website in Cyprus In March 2025, the website BuySellCyprus.com surpassed two million visitors, marking a historic record for the Cypriot property market. […]
Cyprus has long held an irresistible allure for those in search of a life less ordinary. With more than 300 days of sunshine a year, turquoise beaches, and a Mediterranean pace that blends leisure with lifestyle, it’s no surprise that the island is fast becoming one of Europe’s most desirable luxury property destinations. From its […]
Here are the top business stories in Cyprus from the week starting April 14: Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face of international turbulence, according to the Employers and Industrialists Federation (Oev). Moreover, the organisation has stressed that bolstering the sector’s competitiveness through controlling production […]