Larnaca airport drives Cyprus June traffic to all-time high Passenger traffic at Cyprus’ two international airports reached a new peak in June 2025, according to figures released on Monday by Hermes Airports. Specifically, the company reported that a total of 1.4 million passengers travelled through Larnaca and Paphos airports during the month, compared with 1.3 million in June 2023. […]
Cyprus is significantly increasing state funding for NGOs, with the 2025 budget set to reach €25 million — a rise of about 60 per cent compared to three years ago. Deputy Welfare Minister Marilena Evangelou announced the boost on Friday, saying it reflects the government’s commitment to strengthening groups that work daily to support people […]
The Transport Ministry on Friday announced the signing of a contract for dredging works at Larnaca marina. “We are pleased to announce the signing of the contract for the dredging works at Larnaca marina on Thursday, July 3, 2025,” the ministry said. The contract was signed on behalf of the government by the Director of the Public Works […]
The Paphos regional tourism board (Etap) this week called for a revision of local bus timetables following the completion of its first free community excursion programme to the Akamas region, which aimed to highlight points of interest and encourage visits to lesser-known villages. In a statement issued after the final trip on Saturday, the board said that “the […]
Cyprus has moved to establish a national framework for screening foreign direct investments (FDIs), aiming to safeguard security and public order while maintaining an open environment for investors. The Council of Ministers approved the draft legislation on July 2, the Finance Ministry said in a statement issued on Friday. The bill will now be submitted […]
Here are the top business stories in Cyprus from the week starting June 30: Cyprus has moved to establish a national framework for screening foreign direct investments (FDIs), aiming to safeguard security and public order while maintaining an open environment for investors. The Council of Ministers approved the draft legislation on July 2, the Finance Ministry said […]
The Public Works Department has launched a tender for a new central bus station in Larnaca after years of delays and repeated representations from Larnaca Municipality to solve serious traffic problems created in the city centre near Finikoudes. The project will be built using the Design and Build method and will cost €7 million (plus VAT). The […]
The port of Vassiliko is entering a new development phase, having secured European co-financing of €18,781,957 from the European Union’s ‘Connecting Europe Facility’ (CEF) competitive financing programme, the Ministry of Transport, Communications and Works has announced. The project is part of the broader framework of strengthening the infrastructure of the Trans-European Transport Network (TEN-T), strengthening Cyprus’ position as […]
Limassol Blu Marine is a first-class freehold investment opportunity project with an upside outlook. Located in an upcoming area of Limassol, “Europe’s New Riviera”, Limassol Blu Marine has been master planned with luxury living in mind, by a collection of award-winning professionals. Positioned just 330 meters from the Limassol Marina, in the heart of everything, […]
€75.7m in high-value property sold across Cyprus in May rebound Cyprus recorded €75.7 million in high-value property transactions in May 2025, showing a strong rebound from April, with Nicosia leading the market, according to real estate analytics firm Ask Wire. Land Registry data revealed that the ten most expensive transactions nationwide reached €38.8m, with the […]
The Thalia 2021–2027 Cohesion Policy Programme is currently Cyprus’ most ambitious effort to support small and medium-sized enterprises (SMEs), with a total budget of €1.8 billion, including €969 million from the European Union and €842 million from the national government. So far, calls worth €330 million have been launched under the programme, offering grants to strengthen SME competitiveness, support start-ups, promote […]
The government will reopen its electric vehicle promotion scheme application portal on 8 July at 9am, the Transport Ministry announced, offering grants ranging from €7,500 to €20,000 across five categories. Applications must be submitted online through the Road Transport Department website until 2 September at midnight, or until grants in each category are exhausted, whichever occurs first. […]
The Cabinet has approved the establishment of a National Mechanism for the Control of Foreign Direct Investments, with the main goal of protecting national security and public order. This is, as stated at the beginning of the Cabinet’s meeting by the President of the Republic, Nikos Christodoulides, a particularly important decision, an institutional reform, within […]
The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced that it has awarded a total of €1,000 to two university students in Cyprus as part of its annual academic prize initiative. The awards are part of a programme aimed at promoting financial literacy among young people and are granted each year in memory of CySEC’s first Chairman, the late Frixos Sorokkos, […]
CNP insurance firms rebrand as ERB Cyprialife and ERB Asfalistiki Cypriot insurance providers CNP Cyprialife and CNP Asfalistiki have officially been renamed ERB Cyprialife and ERB Asfalistiki, according to an official statement released on Wednesday. The two companies said that this “marks the beginning of a dynamic new chapter in their long and successful journey”. “This evolution reflects a natural continuation of […]
Cabinet approves national FDI screening mechanism Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the country’s protective framework, align with European Union standards on national security and transparency, and safeguard strategic infrastructure. President Nikos Christodoulides had […]