A month after Prime Minister Narendra Modi’s visit to Cyprus, two Cypriot shipping companies – Interorient Navigation and Danship and Partners – have announced a collaboration to invest Rs 10,000 crore in the Indian shipping sector. “This investment of INR 10,000 crore is, by far, the largest-ever FDI (foreign direct investment) in the Indian shipping […]
Deputy Minister of Shipping Marina Hadjimanolis had a series of high-level meetings in London as part of an official working visit aimed at strengthening bilateral maritime relations between Cyprus and the United Kingdom, and promoting Cyprus’ candidacy for re-election to the International Maritime Organization (IMO) Council, Category C, for the 2026–2027 term. A key highlight of […]
The Chief Scientist, Demetris Skourides, has concluded a high-level business visit to the United Arab Emirates, reinforcing Cyprus’ positioning as a forward-looking hub for artificial intelligence, deep technology, and innovation-led economic growth. The visit formed part of Cyprus’ broader strategy under Vision 2035 to foster cross-border partnerships, attract international investment, and accelerate the global competitiveness […]
The European Banking Authority (EBA) this week launched a public consultation on proposed revisions to its guidelines on product oversight and governance (POG) arrangements for retail banking products. The revised guidelines aim to prevent greenwashing and ensure that financial institutions meet the highest standards of business conduct when offering products with Environmental, Social and Governance (ESG) features to consumers. According to […]
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates’ move to a larger quota, five sources said. The group, which pumps about half of the world’s oil, has been curtailing production for several […]
Here are the top business stories in Cyprus from the week starting July 7: Cyprus recorded a 2 per cent rise in house prices in the first quarter of 2025 compared with a year earlier, while rents continued to increase across the island, Eurostat data showed. Across the European Union, property prices rose 5.7 per […]
Following the province of Siem Reap, it must be Kampot province. Across the world, the name Kampot shines through its famed pepper that the top chefs consider one of the best, if not the best of the best. However, the city and Kampot province don’t have a reputation up to the importance they have had […]
In a remarkable move that redefines employee support within the retail sector, supermarket chain Sklavenitis has introduced the 14th salary to its entire workforce in Cyprus, including employees from the recently acquired Papantoniou stores. This initiative makes Sklavenitis the only supermarket chain on the island to offer this valuable financial benefit to all of its staff—regardless of […]
SolidVes Ltd has submitted an €80 million development proposal to Limassol Municipality, seeking environmental approval for twin 13-storey buildings combining residential, commercial, and office space on a 14,715 square metre plot at the junction of Omonia and Paphos avenues. The proposed development would create 18,719 square metres of built space across two independent structures. The […]
Cyprus emerged as one of the EU’s most active countries for online cultural engagement in 2024, with 94 per cent of internet users watching TV or videos online. This placed the island just behind the Netherlands and Finland, which topped the list at 96 per cent each, according to Eurostat revealed this week. By contrast, Romania reported […]
PwC Cyprus on Friday released a statement outlining their support for this year’s Invest Cyprus International Investment Awards, with the firm being a platinum sponsor of the event. The event, organised by Invest Cyprus under the auspices of president Nikos Christodoulides, reaffirmed Cyprus’ position as a regional hub for international business and recognised distinguished foreign investors […]
Our travel maven, Dr Iroshini Chua, takes us on another fabulous adventure. Setting the scene: A turquoise mirror flecked with emerald isles stretched before me as the speedboat sliced through the waves of the Gulf of Thailand toward Song Saa Private Island. 45 minutes from Sihanoukville’s port, this secluded haven in Cambodia’s Koh Rong Archipelago appeared from […]
By Kristina Cernakevica Two weeks ago, something quite revolutionary happened in the heart of Limassol. University Square – often a site of casual weekend strolls – became the stage for Cyprus’s first truly low-impact community celebration. The Zero Trace Festival, held on June 21 and 22, didn’t just invite people to enjoy food, music, and […]
Synopsis: Sora Bar in the country’s tallest hotel is ranked 65th in the extended list of Asia’s 50 Best Bars, marking a milestone in Cambodia’s rapidly developing bar scene. Cambodia’s bar scene is celebrating a historic milestone as Sora Bar at Rosewood Phnom Penh becomes the first bar in the Kingdom to be featured in […]
The Chief Scientist, Demetris Skourides, has concluded a high-level business visit to the United Arab Emirates, reinforcing Cyprus’ positioning as a forward-looking hub for artificial intelligence, deep technology, and innovation-led economic growth. The visit formed part of Cyprus’ broader strategy under Vision 2035 to foster cross-border partnerships, attract international investment, and accelerate the global competitiveness […]
The board of directors of Mall of Cyprus approved an interim dividend of €13.5 million, following a review of the company’s financial position based on the provisional 2025 accounts. According to an announcement, the dividend will be distributed proportionally to shareholders registered with the Cyprus Stock Exchange (CSE) as of July 23. Shareholders will receive […]