Cyprus airports set new June record

Cyprus airports set new June record

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. […]

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Cyprus raises funding for NGOs by 60 per cent

Cyprus raises funding for NGOs by 60 per cent

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 […]

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Cyprus Business Now: weekly wrap-up

Cyprus Business Now: weekly wrap-up

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 […]

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€18.8m EU co-financing creates new phase in Vassiliko port development

€18.8m EU co-financing creates new phase in Vassiliko port development

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 […]

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Limassol Blu Marine

Limassol Blu Marine

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, […]

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Nicosia tops May’s luxury property sales

Nicosia tops May’s luxury property sales

€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 […]

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Thalia programme channels €330m to boost SME growth in Cyprus

Thalia programme channels €330m to boost SME growth in Cyprus

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 […]

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Government launches €20,000 electric vehicle grants with 260 subsidies available

Government launches €20,000 electric vehicle grants with 260 subsidies available

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. […]

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Ministerial decree establishes National Mechanism for the Control of Foreign Direct Investments

Ministerial decree establishes National Mechanism for the Control of Foreign Direct Investments

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 […]

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CySEC awards €1,000 to two university students

CySEC awards €1,000 to two university students

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, […]

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New insurance giant to form as Cyprus firms begin merger

New insurance giant to form as Cyprus firms begin merger

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 […]

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Cyprus tightens oversight of foreign direct investments

Cyprus tightens oversight of foreign direct investments

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 […]

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