AI is making workers more valuable, productive, and able to command higher wage premiums, with job numbers rising even in roles considered most automatable, according to PwC’s 2025 Global AI Jobs Barometer, released this week. The report is based on analysis of close to a billion job ads from six continents. It finds that since […]
Cyprus participated for the first time with a national event at the World Utilities Congress 2025, held at the Abu Dhabi National Exhibition Centre. The event aimed to showcase Cyprus’ strengths in solar thermal energy, infrastructure and water management, and to expand public-private sector collaboration across the region. The country’s presence was coordinated by the Ministry of […]
Vassiliko Cement Works Public Company Ltd on Friday confirmed the approval of all resolutions presented during its annual general meeting (AGM) of shareholders held on June 5, 2025. The company operates in the clinker and cement production sectors and oversees five dedicated quarries for the extraction of raw materials used exclusively in cement manufacturing. These include […]
Employment in Cyprus recorded a 1.5 per cent increase in the first quarter of 2025 compared to the same period in 2024. According to data released by the Cyprus Statistical Service (Cystat) on Friday, total employment during this period was estimated at 497,343 people, of whom 444,635 were employees and 52,708 were self-employed. The most notable growth […]
Lending rates fall for 12,000 BoC clients The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response to the ECB’s latest monetary easing. The bank will lower its rate from 2.40 per cent to 2.15 per cent, with the change taking effect […]
Amid much pomp President Nikos Christodoulides on Thursday laid the foundation stone for a project further expanding the island’s two international airports, promising to service over 17 million passengers a year once the works are completed by 2027. Speaking at the ceremony held at Larnaca airport, the president described the project – the second phase of […]
The Ministry of Finance has, in a press release, expressed satisfaction regarding the findings on the Cypriot economy included in the Spring Package of the European Semester 2025, noting that they clearly confirm the steady progress, resilience, and momentum of the Cypriot economy. At the same time, the Ministry reassured that it will continue to implement the government’s economic policy aimed […]
Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, has announced the Major Investment Measure of the Common Agricultural Policy (CAP) Strategic Plan 2023-2027, totaling €67.5 million, of which €7.5 million have been earmarked for the first installation of young farmers. In her speech at an event in Athienou on 5 June, Panayiotou also announced the […]
Koumis hails Paphos tourism gains and new sustainability efforts Paphos solidified its position on the global tourism map in 2024, Deputy Minister of Tourism Kostas Koumis said during this week’s general meeting of the Paphos regional tourism board (Etap). He highlighted the strong partnership between Etap and the Deputy Ministry, which has driven targeted promotional […]
In a move to support female students from rural areas, Senate President Hun Sen announced his personal decision to donate two hectares of land—originally purchased for over $10 million for Bayon TV station in Phnom Penh’s Chroy Changvar district—to the Ministry of Women’s Affairs for the construction of a dormitory in Phnom Penh.He stated that […]
The municipality of Paralimni-Deryneia has secured 18 out of 66 Blue Flag awards granted across Cyprus, making it the top performer in the island-wide ceremony held at the renowned Fig Tree Bay beach in Protaras on Wednesday. The awarded beaches include Armyropigado, Lombardi, Glyky Nero, Kapparis, Skoutarospilioi, Agia Triada, Minas, Vrysousia, Louma, Pernera, Potami, Vrysi C, Vrysi […]
Finance Minister Makis Keravnos met with the President of the European Economic and Social Committee (EESC) Employers’ Group, Stefano Mallia, and discussed the need to accelerate efforts to deepen capital markets in the EU and to intensify efforts to reduce the administrative burden. According to a statement by the Ministry of Finance, Keravnos had a meeting […]
Aiming to strengthen bilateral relations and leverage shared opportunities in the field of research and innovation, a meeting took place in Athens between the Director General of the Research and Innovation Foundation (RIF), Theodoros Loukaidis, and the Secretary General for Research and Innovation of Greece, Dr Anastasios Gaitanis. The meeting confirmed the mutual commitment to […]
The renovated and upgraded indoor ‘Spyros Kyprianou’ Athletic Center in Limassol is almost ready to be handed over to the state and the Cyprus sports sector. The venue is where the heart of FIBA Eurobasket 2025 will “beat” in late August and early September. This is a project that began at the beginning of last […]
Cypriot companies operating in the defence industry have recorded rapid growth the House Committee on Energy, Commerce, and Industry has been informed by both the Cyprus Chamber of Commerce and Industry and the Cyprus Association of Research and Innovation Enterprises. According to CCCI, the number of such companies has increased tenfold in recent years, while […]
Greek retail group Jumbo reported a strong rise in store sales across Cyprus and Greece in May 2025, reflecting a gradual rebound after a slower start to the year due to Easter falling much earlier than in 2024. Sales at Jumbo’s Cyprus stores increased by 14.5 per cent in May compared to the same month last year, bringing year-to-date […]