Larnaca is about to get a major facelift as plans move forward for a new luxury residential project featuring two soaring 20-story buildings. The Environmental Authority has officially approved the €40 million development by Solvin Ltd, paving the way for construction to begin once permits are in place. Dubbed Aqua Residences, the high-rise complex will […]
PwC Cyprus recently held an award ceremony to honour seven employees for their exceptional performance in the ACCA exams conducted between September 2024 and March 2025, according to an announcement released on Tuesday. The ceremony was hosted at PwC’s Experience Centre and was attended by the organisation’s Chief Executive Officer, Philippos Soseilos, and Anna Loizou, […]
Aegean has clinched the title of Best Regional Airline in Europe at the World Airline Awards 2025, extending its remarkable winning streak to 14 consecutive years, according to an announcement released on Turesday. The award ceremony took place on June 17 at the Air and Space Museum during the Paris Air Show. This distinction represents the 15th time […]
Cyprus’ banking sector recorded one of the highest profitability and capital adequacy levels in the European Union at the end of 2024, according to the European Central Bank (ECB). The figures revealed that Cypriot banks recorded the third-highest return on equity (RoE) across the EU at the end of December 2024, reaching 17.7 per cent. This […]
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 […]