Deputy Minister of Shipping Marina Hadjimanolis announced at the Cyprus International Business Association (CIBA) forum on Tuesday that the fleet of Cypriot-flagged ocean-going vessels has grown for the first time in two years. This rebound comes after a period of decline fuelled by geopolitical tensions, notably the conflict in Ukraine and disruptions in global shipping caused […]
The potential sale of a substantial stake in the Bank of Cyprus’ equity, along with geopolitical developments, took centre stage at the Cyprus International Business Association (CIBA) forum, which took place on Tuesday in Limassol. It should be noted that Bloomberg recently reported that AB CarVal Investors and Caius Capital are interested in selling their shares in […]
Deputy Minister of Shipping Marina Hadjimanolis recently embarked on a series of important meetings in Geneva, according to an official statement by the ministry released on Tuesday. The statement noted that on June 20, Hadjimanolis visited Geneva with the express purpose of promoting the Cypriot ship registry. Moreover, her visit included a series of high-level […]
The University of Cyprus (UCY) will host its first Twin4Merit summer school from September 2-10, 2024, in Nicosia, according to an official announcement released on Tuesday. The event, part of the Twinning for Excellence in Management and Economics of Research and Innovation (Twin4Merit) project, aims to strengthen knowledge in these fields through lectures and methodology […]
The opening of a local office of the European Investment Bank (EIB) will bring significant benefits for Cyprus, the Ministry of Finance points out, adding that Minister of Finance Makis Keravnos has proposed that EIB staff be accommodated in the building of the Ministry, until the bank secures a permanent office. The Ministry of Finance refers […]
ALIX NORMAN discovers why something we do naturally on this island is the basis of language learning, and an important aspect of children’s books In Cyprus, everyone speaks at least two languages. Well, almost everyone… According to a recent study, 90 per cent of the island speaks two tongues – one of the highest percentages on the […]
The opening of a local office of the European Investment Bank (EIB) will bring significant benefits for Cyprus, the finance ministry said on Monday, adding that Minister Makis Keravnos has proposed that EIB staff be accommodated in the building of the ministry, until the bank secures a permanent office. The announcement comes after Keravnos met […]
The Cyprus Computer Society (CCS) is a scientific, professional, independent not-for-profit organisation, to develop, upgrade and promote the IT sector in Cyprus Skill Boosters caters to the diverse needs of children by integrating components like emotional intelligence and a growth mindset into each programme. With the global pandemic in 2020, digital transformation and the extensive […]
Here are the top business stories in Cyprus from the week starting June 17: The Finance Ministry is contemplating a return to financial markets, aiming to capitalise on the Cypriot economy’s robust momentum highlighted by successive credit rating upgrades. Reports suggest the issuance of a ten-year bond is being considered, with specifics to be finalised […]
Women leaders are redefining what it means to steer enterprises successfully with compassion, ethics and respect By spotlighting the accomplishments of women in the sector and showcasing a variety of role models, media coverage can motivate young girls and women to pursue technology careers and believe in their potential In Cyprus, a remarkable transformation is […]
A delegation of eight German companies specialising in energy-saving solutions for buildings is visiting Cyprus from July 1 to 4, 2024. The initiative, led by the German Federal Ministry for Economic Affairs and Climate Action (BMWK), aims to foster collaboration with Cypriot businesses in energy efficiency upgrades. The German companies offer solutions for various sectors, […]
The Paphos Regional Tourism Board (Etap) hosted on Monday partners of the SMARTIES for SMEs project, in a move that seeks to bolster the competitiveness and resilience of small and medium-sized enterprises (SMEs) in the tourism sector. The initiative, underpinned entirely by European Union funding, seeks to distribute €375,000 among 15 SMEs to foster their […]
Invest Cyprus recently welcomed H.E. Shri Manish Manish, High Commissioner of India to Cyprus, and Subhash Jangala, the High Commission’s First Secretary (Income Tax Overseas Unit), to its offices for a productive discussion on the relations between Cyprus and India. Representing Invest Cyprus were Evgenios Evgeniou Chairman, Spyros Vassiliou Vice Chairman, and Marios Tannousis, CEO. […]
The annual growth rate of the Cyprus Composite Leading Economic Index (CCLEI) is marginally positive in May 2024, halting the negative growth observed in the Index in the previous months. The Cyprus Composite Leading Economic Index (CCLEI), constructed and estimated by the University of Cyprus’ Economic Research Centre (CyERC), recorded an annual increase of 0.1% […]
BBF, Limassol’s top luxury residential developer, successfully sold out four Class A office buildings within the last year. Spanning a total area of approximately 20,000 sq. m., the full sale of bbf: latitude, bbf: liberty, bbf: benchmark, and bbf: summit solidifies BBF’s position as a leading name in Cyprus’s commercial real estate market as well. Due to the high […]
International credit rating agency Standard & Poor’s (S&P) this week upgraded the long-term credit rating of the Bank of Cyprus to BB+ with a positive outlook. This upgrade follows S&P’s recent upgrade of Cyprus’ sovereign credit rating last Friday, which also received a positive outlook. In addition, the agency explained that the upgrade reflects the […]