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 […]
Limassol is grappling with a serious lifeguard shortage, raising concerns over beach safety as crowds flock to the coast for the summer. Only 43 out of 79 approved lifeguard positions have been filled across the Limassol district, according to Electra Panayiotou, the acting district officer, who spoke to the Cyprus News Agency. At present, just […]
Muse Group’s journey from guitar tabs to global music tech leader From its humble beginnings as a guitar tab-sharing site in 1998, the Muse Group has grown into one of the most influential music technology companies in the world, now reaching over 400 million users. Headquartered in Limassol since 2021, the Cyprus-based company is the […]
More than 80 projects with a total budget of over €1 billion, extending from the urban fabric of Nicosia to the suburban communities of the province, have been announced by President Nikos Christodoulides. He was speaking at the Nicosia Municipal Theater on 30 June, as part of his tour of Municipalities and Communities of Cyprus. […]
Revenue from tourism recorded an annual increase of 39.9% in April, with Cystat figures showing it had reached €304.2m in April 2025, compared to €217.4m the corresponding month of the previous year. For the period of January – April 2025, revenue from tourism is estimated at €582.5m compared to €440.7m in the corresponding period of 2024, […]
This year is pivotal for Cyprus’ tourism, President Nikos Christodoulides, has said, addressing the General Assembly of the Cyprus Hotel Association (PASYXE), in Nicosia. Speaking at the 1 July event, he said that for the government, tourism is not only a sector with a strong contribution to the country’s economy but also a key pillar of […]
The global maritime community will once again converge in Limassol this October for the Maritime Cyprus Conference 2025, a flagship event for the international shipping industry, held under the theme ‘Unlocking the Future …of Shipping’. Organised by the Deputy Ministry of Shipping, in collaboration with the Cyprus Shipping Chamber (CSC) and the Cyprus Shipowners’ Association, […]
Cyprus tourism revenue up 39.9 per cent in April Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 per cent increase compared to April 2024, when revenue stood at €217.4 million. The stastitistical service also reported that tourists from Lebanon, Switzerland and the United […]
The preliminary general government fiscal results, which are prepared by the Statistical Service of Cyprus (CyStat), indicate a surplus of 551.2 million euros (1.6% of GDP) for the period of January-May 2025, compared to a surplus of €542.6 million (1.6% of GDP) that was recorded during the period of January-May 2024.
Despite the ongoing unrest in the Middle East, Cyprus’ tourism sector is proving both vulnerable and resilient, as a surge in advance bookings acts as a safety net for hoteliers and travel operators. According to industry officials, while the Israel-Iran conflict has caused a slight slowdown in bookings, particularly from Israel and some European markets, […]
Cyprus saw a sharp rise in the registration of saloon passenger cars in May 2025, with the figure reaching 3,715, up 11.7 per cent compared with May 2024. This was also notably higher than April’s 2,924 units, according to data published by the Cyprus Statistical Service (Cystat). During the first five months of 2025, registrations […]
Surplus climbs despite rising spending across key sectors Cyprus posted a general government surplus of €551.2 million for the period of January to May 2025, representing 1.6 per cent of GDP, according to preliminary data released by the Statistical Service of Cyprus (Cystat) on Monday. This marks a slight increase from the €542.6m surplus recorded during the same period […]
The Cyprus Stock Exchange (CSE) on Monday released a statement formally welcoming Eurobank Group’s intention to pursue a dual listing of its shares on the CSE. The CSE described the move as a sign of trust in both the Cypriot economy and the island’s capital markets. “We at the Cyprus Stock Exchange (CSE) welcome the Eurobank Group’s intention for a dual […]
Cyprus meets 23 milestones to unlock next round of EU funds The European Commission on Monday endorsed a positive preliminary assessment of Cyprus’ fourth payment request under the Recovery and Resilience Facility (RRF), the central pillar of the European Union’s NextGenerationEU recovery programme. The request, valued at €75.9 million, was submitted by Cyprus on December 18, 2024. Following its […]
The Air Traffic Control Service in Cyprus is tasked with managing approximately 420,000 flights per year. In recent days, increased pressure was noted, with an additional 500 flights daily due to unrest in the Middle East. Revenue from these services amounts to around €58 million annually. How are these services managed, and how does the […]