Deputy Tourism Minister hails Cyprus’ tourism performance Deputy Tourism Minister Kostas Koumis on Tuesday expressed satisfaction with the tourism figures for October, following a surge in arrivals that surpassed the half-million mark for the first time in that month. He also underscored that the period of January-October 2025 was “the best ten-month period in the history of our country’s tourism”. Specifically, […]
Time spent in or near the sea lowers stress hormones, restores focus and strengthens the body’s natural resilience. By Christina Michailidis For centuries, people have looked to the sea for healing. In 18th century Europe, doctors would prescribe sea air and saltwater baths as remedies for melancholy and fatigue. This is what is referred to […]
Evgeny Staroselsky has now completed the gruelling Seven Summits On October 13, Evgeny Staroselsky stood atop the razor-edged limestone summit of Carstensz Pyramid in Papua, completing the last of the famed Seven Summits: Everest, Vinson, Elbrus, Denali, Aconcagua, Kilimanjaro, and now, Oceania’s 4,884-metre peak. With it, he became the first Cypriot citizen to finish the […]
Cambodian and Sri Lankan business leaders discussed strengthening trade and investment between the two countries, with a focus on shared potential in manufacturing, logistics, construction and real estate, energy, tourism, and services. The investment promotion was raised during a meeting on Friday between Kith Meng, President of the Cambodia Chamber of Commerce (CCC) and Chair […]
The President of Cyprus Employers & Industrialists Federation (OEB), George Pantelides , characterises the upcoming BusinessEurope Presidents’ Summit in Nicosia as an excellent opportunity to present Cyprus as a reliable, stable and active partner on the European business scene, highlighting the multiplier benefits for the country in an interview with InBusinessNews. According to Pantelides, the timing of the Summit is also critical, as […]
Tourist arrivals in October 2025 amounted to 537,744 compared to 459,106 in October 2024, marking an increase of 17.1%, according to CySTAT. It is added that for the period January-October 2025, tourist arrivals amounted to 4,142,534 compared to 3,727,196 in the corresponding period of 2024, marking an increase of 11.1%. In particular, it is stated […]
Nicosia is pushing ahead with the biggest expansion of its hotel stock in years, with projects that are expected to more than double the capital’s capacity by 2027. The city today counts 12 hotels, offering about 670 rooms and 1,300 beds, with Hilton the only five-star option. However, according to Politis, the momentum has shifted, as […]
The Cyprus Investment and Securities Corporation Ltd (CISCO) has been named the best asset management company in Cyprus for 2025 by Global Banking and Finance Review magazine. CISCO previously secured the same award in 2023 and 2024, reinforcing its leadership and steady -performance in the local market. Alongside this, the company has also been included […]
The GDP growth rate in real terms, seasonally adjusted, during the third quarter of 2025 is positive and it is estimated at 3.6% over the corresponding quarter of 2024, according to a flash estimate, published by CySTAT. Compared to the previous quarter, GDP went up 0.9% in the third quarter. The positive GDP growth rate […]
The Statistical Service’s preliminary estimate for a 3.6% growth rate in the third quarter of 2025 is significantly higher than the EU average and confirms the impetus of Cyprus’ economy, Makis Keravnos has said. In a written statement, the Minister expressed satisfaction saying that “these figures confirm the impetus of the Cypriot economy, which in a period […]
The average full-time annual salary in Cyprus in 2024 came to 27,611 euros, roughly €12,200 below the European Union average of €39,800, but well above Greece’s €18,000, according to the latest Eurostat data. The gap with the EU mean rate highlights wide pay disparities across Europe, with Luxembourg leading the pack at €83,000 per year, […]
Finance and technology announcements at the inaugural TOURISE Summit in Riyadh set out major investment commitments and the launch of a new global digital framework for tourism. TOURISE said it catalysed $113 billion in portfolio investments aimed at accelerating growth across the global tourism ecosystem. It said the portfolios were announced at the summit as part of a broad […]
A British couple who have visited Ayia Napa on no fewer than 70 occasions have been named “tourism ambassadors” by the town’s municipality. Peter and Glynnis Ditchburn were awarded the title by Ayia Napa mayor Christos Zannettou, who, according to the municipality, “warmly thanked the couple for their timeless preference for Ayia Napa as their only […]
Business & economy wrap-up from the day before Cyprus’ economy recorded robust growth in the third quarter of 2025, with new national and European data confirming that the country continues to outperform the wider region. According to a flash estimate by the Cyprus Statistical Service (Cystat), Cyprus’ seasonally adjusted gross domestic product increased by 3.6 […]
The traditional HR model is obsolete, according to Perha Group founder Mariana Hadjiantoniou, who built her consultancy on the need for a people-centred direction. Hadjiantoniou began her career in human resources long before Perha Group existed, and it was this experience, she said, that gradually convinced her the industry needed a far more people-centred direction. […]
IBM (IBM.N) announced on this week that it has built a new experimental quantum computing chip called Loon that demonstrates it hit a key milestone toward making useful quantum computers before the end of the decade. Quantum computers could someday solve problems that would take classical computers thousands of years. But due to the uncertain […]