The Central Bank of Cyprus (CBC), which chairs the National SWIFT Users Group (NSUG), held a high-level online meeting on June 20, with the participation of 45 representatives from Cypriot financial institutions and SWIFT. According to a statement released by the CBC on Tuesday, the meeting focused on critical developments in the payments sector at both global and regional […]
The Central Bank of Cyprus (CBC) has launched a new programme aimed at enhancing financial literacy among adults, aiming to develop a network of trained educators across the country. The first two-day training session of the “Training of Trainers” programme has begun at the CBC headquarters, forming part of a broader initiative to strengthen financial […]
The priorities of the upcoming Cypriot EU Presidency in the first half of 2026 and issues of economic cooperation between Cyprus and Greece will be discussed by the Cypriot minister of finance, Makis Keravnos, and his Greek counterpart in an official visit the former will pay to Athens from Tuesday.
President Nikos Christodoulides chaired a meeting on Monday at the presidential palace with a delegation from the Cyprus Property Developers Association. According to an official announcement, the president began the meeting by outlining the various issues to be discussed, concerning both government actions and the association itself. Moreover, he “expressed his gratitude to the association for its cooperation […]
Sir Stelios Haji-Ioannou, founder of the easy family of Brands and president of the Stelios Philanthropic Foundation, has launched the third edition of his awards for young entrepreneurs in Cyprus. This year’s competition, titled Stelios Awards for Young Entrepreneurs in Cyprus, will award a total of €200,000 to the top three business ideas. The first prize winner will […]
Cyprus housing prices rise in first quarter Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to a report released on Monday by Landbank Analytics. The analysis was based on sale contracts filed with the department of lands and surveys. It included a breakdown of average prices for newly […]
Eurobank recently acquired 3.8 million of its own shares as part of its share buyback programme, according to an official announcement. The announcement followed a previous statement, released on May 7, 2025, about the start of the organisation’s share buyback programme. The programme had been approved by the ordinary general meeting of shareholders on April 30, 2025, and […]
Data furnished recently by the government lends weight to the notion that the purchase of real estate by foreigners continues on an upward trajectory, with some speculating that it’s driving up property prices – especially in places like Limassol. Greeks, Russians, Brits, Israelis and Chinese buyers feature heavily on the property market. The information was […]
Indian business interest in Cyprus is gaining momentum, with drone tech leader Drone Destination planning to set up shop on the island. The company’s billionaire founder, Alok Sharma, is looking to make Cyprus a launchpad for expanding into European and Middle Eastern markets. Sharma, who heads India’s leading drone training and services company based in […]
Larnaca is quickly becoming one of Cyprus’ hottest property markets, with demand and prices for newly built homes climbing sharply in early 2025. According to data from Landbank Analytics, Larnaca saw the second-highest increase in average sale prices for new houses in the first quarter of the year. Prices jumped by over 21% year-on-year, rising […]
There’s something deeply romantic about a bowl of ripe cherries – glossy, crimson and bursting with juice. But in the hands of a French country cook, they become something even more poetic: clafoutis. This baked custard dessert, somewhere between a flan and a pancake, is one of France’s most quietly beloved dishes – and when cherries are […]
The energy regulatory authority (Cera) has approved in principle an application from the Cyprus Transmission System Operator (TSO) to develop energy storage systems, it emerged on Friday. The request was submitted after parliament passed a harmonisation bill submitted by the government. Cera’s decision allows the TSO to temporarily own, develop, manage and operate energy storage facilities. The decision provides […]
AI drives strong growth in cloud infrastructure market Global spending on cloud infrastructure services reached $90.9 billion in the first quarter of 2025, according to estimates by industry analysts Canalys. The company reported that this represents a 21 per cent increase compared to the same period in 2024. Enterprises have recognised that deploying AI applications […]
Invest Cyprus on Friday issued a statement welcoming the decision by India’s Drone Destination to establish its European subsidiary in Cyprus. The agency, tasked with driving investment to the island, described the move as a significant step in strengthening economic ties between Cyprus and India. The Indian company, which specialises in drone technology and training and is listed on NSE […]
Larnaca airport has been classed among the best in Europe during the recent general assembly of the Airports Council International Europe (ACI) in Athens, Hermes Airports said on Friday. The airport came in second place in the category that included airports of five to ten million passengers after Sofia’s Vasil Levski airport, and awarded the […]
Modi visit unlocks new investment ties with Cyprus Eurobank on Thursday released a detailed report outlining its role as a catalyst in the evolving economic, commercial and business relations between India, Cyprus and Greece. The announcement came in the wake of the historic visit of Indian Prime Minister Narendra Modi to Cyprus, his first in 23 years. The […]