A new undersea cable linking Cyprus and Lebanon is being planned by Cyta, in a project expected to boost internet speed, emergency response, and economic growth across the region. Called CADMOS-2, the cable will run between Pentaschinos in southern Cyprus and Beirut, replacing the older system that has been in place since 1995. The goal is […]
The Cyprus Forum will return to London on May 22, according to an announcement released on Friday. The event will bring together diplomats, academics, journalists and civil society leaders for a full day of discussion at the High Commission of the Republic of Cyprus to the UK. Now in its second year, the event is […]
Cyprus is expecting a record number of arrivals from Romania this year, Deputy Minister of Tourism Kostas Koumis said during a visit to Bucharest. Koumis travelled to the Romanian capital to meet with senior officials and travel industry representatives following the launch of new routes by Animawings. According to the announcement, the carrier is introducing direct flights to Cyprus for the first […]
So far, more than 550 Cypriots working in London have registered to participate in the government’s Brain Gain campaign to attract Cypriots to return to the country. Addressing the Cyprus Employers & Industrialists Federation’s (OEB) AGM in Nicosia, President Nikos Christodoulides announced that a Business Service Centre will be inaugurated on 26 May, following the […]
The Cyprus Securities and Exchange Commission (CySEC) on Thursday approved Eurobank’s request to exercise the squeeze-out right to acquire 100 per cent of Hellenic Bank’s shares. The offer price for the remaining shares has been set at €4.843 per share, payable in cash. The approval was officially granted on May 5, 2025, according to a press release by Eurobank S.A., a subsidiary […]
Eurobank boosts stake to 98 per cent Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank stated that the latest results reflect its solid capital position. It reported a pro forma Common Equity Tier 1 […]
Paphos will soon be home to the largest and most modern care home for the elderly in Cyprus, mayor Phedonas Phedonos told Cyprus Mail on Thursday. Speaking at the annual event where the municipality awards funding to local social welfare groups, the mayor revealed plans for a new permanent assisted living centre designed to serve […]
The University of Cyprus (UCY) contributed €1.186 billion to the country’s total economic output in 2024, €574 million to GDP, and supported 12,381 jobs directly or indirectly linked to its operations, according to two studies. The studies — “Economic and Social Impact of the University of Cyprus” and “Mapping the Footprint and Contribution of the […]
Cyprus is doubling down on its commitment to a greener, more competitive maritime sector, with a renewed push to enhance the Cyprus flag’s standing on the international stage, Shipping Deputy Minister Marina Hadjimanolis said this week during a policy briefing in Nicosia. “Our goal is to create a dynamic ecosystem and shape a sustainable, competitive environment for Cypriot shipping,” […]
Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April showed a slight nationwide increase despite small drops in Larnaca and Paphos. According to data from the Department of Land and Surveys, 1,404 property transactions were recorded across the island in April 2025, […]
The number of unemployed persons registered at district labour offices across Cyprus stood at 8,118 at the end of April 2025, according to the latest data released by the Cyprus Statistical Service (Cystat). Based on seasonally adjusted figures, which account for regular fluctuations over the course of a year, the number of registered unemployed decreased to 9,655 in April 2025 from 10,035 […]
Cyprus aims to produce defence-related products, not only buy them, President Nikos Christodoulides said on Tuesday. He made the remarks while attending the Defea (Defence Exhibition Athens) event taking place in the Greek capital. He toured the exhibition and visited the Cyprus kiosk. “I am glad that this year the participating Cypriot defence industry companies […]
A summit to showcase Cyprus as an attractive international business centre for corporates and their employees, as well as high net worth and affluent individuals, has gotten underway in Tel Aviv, Israel. The “7th Doing Business in Cyprus Summit: Cyprus – The ultimate hub for business work and Lifestyle”, organised by IMH and Invest Cyprus, […]
The Cyprus Integrity Forum is organising its Anniversary Annual General Assembly on Monday, 2 June, at 17:00, at the Cyprus Chamber of Commerce and Industry (CCCI) building. The event will include a presentation of the organization’s work during 2024, as well as an outline of its major planned initiatives for 2025. In addition, the following […]
Passenger traffic at Cyprus’ airports has topped the one million mark by April for the first time in history, the Ministry of Transport, Communications and Works has announced. It said that Larnaka and Pafos airports welcomed 1,157,414 passengers throughout April 2025, recording an increase of 20.66% compared to the same month in 2024, and that for the January […]
BoC now tops Greek and Cypriot banks in deposit rating Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. In addition, the agency kept the bank’s outlook on deposit ratings as stable. According to the agency’s latest report, the Bank of […]