In an era defined by rapid transformation and geopolitical complexity, Cyprus is stepping forward with clarity and purpose to reinforce its position on the global investment map, Invest Cyprus has underlined. In a relevant announcement, Invest Cyprus noted that, “From 3 to 9 April, President Nikos Christodoulides visited New York, Houston, and San Francisco, leading […]

In 2023, roughly two-thirds (67.4%) of all freight transported within the EU territory was by sea when considering the amount of goods and the travel distance (tonne-kilometres), Eurostat has reported, also noting that Cyprus took second place when it came to freight transported by sea. “For 15 out of the 22 EU countries with a coastline, maritime […]

A Cypriot proptech firm is giving the public a chance to buy in, launching its first-ever crowdfunding campaign to support its expansion. Ask Wire, which specialises in real estate data and analytics, is offering shares through the Crowdbase platform, with participation starting at €120. According to the announcement, it is one of the first local […]

Easter occupancy hits 75 per cent The outlook for Cyprus’ tourism sector appears slightly brighter this year, with early bookings for the first half of 2025 showing a better trend than the same period in 2024, according to president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides Speaking to the Cyprus News Agency (CNA), Michaelides said the flow of […]

Demetra Holdings on Thursday reported robust financial results for the year ending December 31, 2024, with net profit for the group reaching €132.46 million, corresponding to 66.23 cents per share. This marks a substantial increase from €86.23 million (43.12 cents per share) in 2023. The company attributed this performance largely to gains from its investment in Hellenic Bank […]

The Bank of Cyprus on Thursday announced a reduction in its reference lending rate by 0.25 percentage points, responding directly to the European Central Bank’s latest rate cut. As of April 23, 2025, the bank’s reference rate on loans linked to the ECB’s main interest rate will decrease from 2.65 per cent to 2.40 per cent. The bank confirmed that […]

Over 200 alien marine species have been recorded in the waters off Cyprus, fisheries department officer Katerina Georgiou said on Tuesday. Speaking to the Cyprus News Agency, she said the two species of fish which “stand out” among those found are the silver-cheeked toadfish and the lionfish. She spoke of the “challenges and prospects of […]

The Cyprus Hoteliers Association (Pasyxe) on Monday reported a strong increase in hotel bookings during the current period ahead of Easter, reflecting heightened demand across the island. Speaking to the Cyprus News Agency (CNA), Pasyxe director general Christos Angelides said there has been “increased activity in hotel bookings in recent weeks due to the coinciding of Orthodox, Catholic and […]

Cyprus’ average monthly salary reached “almost €2,500” last year, Labour Minister Yiannis Panayiotou said on Tuesday. He said the country’s average wage had hovered around €2,000 per month between 2010 and 2021, but that “over the last few years, there has been a clear upward trend”. He added that the same applies to the median […]

Koumis says Cyprus is seeing results from Polish market focus Cyprus continues to attract strong interest from Polish travellers, with 2024 marking an all-time record for arrivals from Poland, according to Deputy Tourism Minister Kostas Koumis. Speaking during promotional events held in Krakow, Poznan and Warsaw between April 7-11, 2025, Koumis confirmed that over 337,000 Polish tourists visited Cyprus […]

Cyprus has moved a step closer to joining the United States Visa Waiver Programme (VWP), following what President Nikos Christodoulides described as “absolutely constructive” talks with a visiting American delegation. The high-level team from the United States arrived in Cyprus on Monday to carry out a technical assessment of the country’s security systems. The visit […]

Cyprus fund sector eyes Germany and Middle East for growth The Cyprus Investment Funds Association (CIFA) held its Annual General Meeting (AGM) on Thursday, presenting a comprehensive review of the sector’s achievements and outlining strategic priorities for continued growth and competitiveness. In her address, CIFA president Maria Panayiotou attributed the current momentum in the investment funds sector to “vision, […]

As Europe’s population ages, tourism trends are shifting — and older travellers are now shaping the off-season travel scene. TUI Musement, the experiences division of travel giant TUI, has analyzed thousands of reviews to identify the most-loved European destinations among senior tourists, aged 65 and over. Topping the list is Larnaca, Cyprus.Unmute Remaining Time -0:00Fullscreen Follow FastForward on Google News […]

The government is stepping up its efforts to make housing more affordable in Cyprus, Interior Minister Constantinos Ioannou said on Wednesday. Speaking at an event titled “The Right to Housing – Housing Policy” at the Cyprus University of Technology (Tepak), Ioannou highlighted access to housing as one of the most pressing challenges facing modern societies. In […]

Cyprus is stepping up efforts to attract more visitors from Poland, with the Famagusta regional tourism board (Etap) teaming up with local hotels for a roadshow across Krakow, Poznan and Warsaw this week. Held between April 7-11, the roadshow was organised by the Deputy Ministry of Tourism and aims to strengthen ties with Polish tour […]

In 1965, a diving instructor, Andreas Cariolu, discovered a shipwreck off the coast of Cyprus that would later become one of the most significant archaeological finds in history. This discovery, now known as the Kyrenia Shipwreck, has fascinated archaeologists for decades. Recently, a team of scientists has used advanced dating techniques to pinpoint the exact age of the ship, […]