Deal boosts Cyprus–India connectivity Cyprus Airways and Air India on Tuesday announced the signing of a new interline agreement, aiming to enhance connectivity and travel options for passengers of both airlines. According to the announcement, the cooperation allows travellers to book a single ticket, benefit from a unified baggage policy, and enjoy a seamless transfer experience. This strategic agreement […]
The Research and Innovation Foundation (RIF) has launched two new funding calls, Seed and Innovate, targeted at boosting the growth of startups and supporting existing firms in scaling their products and services for global markets. The combined budget for the two calls stands at €6.2 million. The Innovate programme, with a total allocation of €3.2m, is designed […]
The Director of the Cyprus Transmission System Operator (TSOC), Stavros Stavrinos, has said TSOC has applied to the Cyprus Energy Regulatory Authority (CERA) to secure an in principle approval to develop energy storage systems, exercising the right granted to it by the law. Speaking to CNA on 1 June, Stavrinos said that the TSOC is responding […]
The Cyprus Ports Authority (CPA) has reaffirmed its commitment to two major infrastructure projects, the industrial expansion of the Vasilikos port and the sustainable redevelopment of the Latchi marina, as it marks 52 years of service to the Republic of Cyprus. During a recent media briefing held at the Vasilikos Cement Plant, CPA Director General Anthimos […]
The Daleela ferry launched its first Cyprus-Greece service for the 2025 maritime season on Saturday, just as officials announced a surge in cruise tourism and reaffirmed Cyprus’ ambition to become a key player in the global cruise sector. Deputy Shipping Minister Marina Hadjimanolis, speaking at Limassol Port, highlighted strong public demand and projected 170,000 cruise […]
Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House of Representatives’ approval of the Investment Fund Administrators Law. The move is being hailed by the Cyprus Investment Funds Association (CIFA) as a milestone for the sector and a crucial pillar in enhancing investor protection, transparency and regulatory […]
Cyta secured four gold and one bronze award at the Cyprus Technology Awards 2024, earning recognition for projects that enhance digital accessibility, sustainability, and user experience across the country. The gold awards acknowledged key initiatives including the full population coverage of Cyta’s 5G network, the modernisation of its mobile network infrastructure, the launch of the […]
Retail turnover in Cyprus rose by 6.3 per cent in April 2025, marking the fastest monthly increase so far this year, according to data published by the Statistical Service on Monday.Earlier in the year, the annual increase stood at 2.6 per cent in January, 4.7 per cent in February and 5.6 per cent in March. […]
Bank of Cyprus announced on Monday that its total issued share capital stood at 440,828,633 ordinary shares of nominal value €0.10 each as of May 31, 2025, “with each ordinary share carrying one vote.” According to the announcement, “the company holds 4,593,842 ordinary shares as treasury shares, pending cancellation which shall take place at the […]
The Cyprus Energy Regulatory Authority (CERA) has announced the acceptance of a Cyprus Transmission System Operator (TSO) proposal to start the commercial operation of the Competitive Electricity Market on 15 September, 2025 and the determination of 1 October, 2025 as the first Trading Day. The Cyprus Competitive Electricity Market is a restructured energy framework designed […]
This Cannes Film Festival this year was a good one for Cyprus: not only did the highly prestigious event feature two films produced on the island under the Cyprus Film Scheme, but it also included key discussions with international filmmakers and producers for more to come. “This year’s Cannes Film Festival was a great success […]
Greece’s Sfakianakis Group launched last Thursday in Nicosia the first showroom for Chinese electric vehicle brand BYD that is rolling into the Cypriot market after its successful entry into the Greek one. BYD, short for “Build Your Dreams,” will open two showrooms, the second being in Limassol, offering Cypriots a first-hand look at its latest […]
Cypriot maritime technology firm Tototheo Global was among the international companies participating in Asia Tech x Singapore 2025, one of the region’s leading technology events, held from May 27 to 29 at the Singapore EXPO and Capella Singapore. The delegation, led by co-CEO Despina Panayiotou Theodosiou, included CCO Vlassis Papapanagis and Head of Sales Marios […]
Total deposits in Cyprus recorded a net increase of €492.9 million in April 2025, compared to a net decrease of €66.3 million in March 2025, according to statistics published by the Central Bank of Cyprus (CBC). The annual rate of change in total deposits reached 7.6 per cent in April, up from 7.1 per cent […]
Portrait of the island’s vibrant climbing community Those exploring Cyprus with a curious mind and a sense of adventure normally opt for the coastline with scuba diving, jet skiing and parasailing among the most popular adrenaline-boosting outdoor activities. But beyond the sandy beaches a far different adventure awaits. Mountains begin to rise on the horizon, marking the […]
The passenger-vehicle ferry Daleela departed Limassol port today, inaugurating the fourth consecutive year of the Cyprus-Greece maritime passenger connection. The first voyage carried 187 passengers along with 66 vehicles, 36 motorcycles and eight pets. Deputy Minister of Shipping Marina Hadjimanolis attended the launch ceremony, describing the connection as Cyprus’s “unique maritime gateway to Europe” whilst highlighting growing […]