Hotel occupancy in Cyprus was slightly down in May, compared to the same month last year, according to the president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. However, overall figures for the first half of 2025 are expected to surpass those of 2024, as bookings continue to gain pace heading into the summer. Speaking to the Cyprus News Agency […]
Public and private sector collaboration can create a driving force that ‘transforms challenges into opportunities and vision into action’, chairman of the Cyprus Property Developers Association Yiannis Misirlis said during an event dedicated to the island’s real estate and construction sector. According to a statement from the association, the event took place on June 3 and […]
The Larnaca municipality has announced the signing of a contract worth around €600,000 to create a “smart parking system” in the town. The contract was signed by the town’s mayor Andreas Vyras and electrical contracting company YTM Stavrides. It foresees the creation of a system which will include “advanced management software, which allows easy and effective […]
The Landmark Nicosia Towers are arriving to introduce our city to a new way to “Live. Work. Enjoy” in the very heart of the Cypriot capital. As the most prestigious real estate project in the modern history of Nicosia is developing in full speed, the vision of the owner MHV, a company group with a prominent […]
The president of the Employers’ Group Stefano Mallia and the head of the Employers’ Group at the European Economic and Social Committee (EESC) of the European Union Fulvio Bianconi visited the Cyprus Chamber of Commerce and Industry (Keve) on Tuesday. According to an official statement fromt the chamber, they held a meeting with Keve president […]
Deal boosts Cyprus–India connectivity Cyprus Airways and Air India on Tuesday announced the signing of a new interline agreement, aiming to enhance connectivity and travel options for passengers of both airlines. According to the announcement, the cooperation allows travellers to book a single ticket, benefit from a unified baggage policy, and enjoy a seamless transfer experience. This strategic agreement […]
The Research and Innovation Foundation (RIF) has launched two new funding calls, Seed and Innovate, targeted at boosting the growth of startups and supporting existing firms in scaling their products and services for global markets. The combined budget for the two calls stands at €6.2 million. The Innovate programme, with a total allocation of €3.2m, is designed […]
The Director of the Cyprus Transmission System Operator (TSOC), Stavros Stavrinos, has said TSOC has applied to the Cyprus Energy Regulatory Authority (CERA) to secure an in principle approval to develop energy storage systems, exercising the right granted to it by the law. Speaking to CNA on 1 June, Stavrinos said that the TSOC is responding […]
The Cyprus Ports Authority (CPA) has reaffirmed its commitment to two major infrastructure projects, the industrial expansion of the Vasilikos port and the sustainable redevelopment of the Latchi marina, as it marks 52 years of service to the Republic of Cyprus. During a recent media briefing held at the Vasilikos Cement Plant, CPA Director General Anthimos […]
The Daleela ferry launched its first Cyprus-Greece service for the 2025 maritime season on Saturday, just as officials announced a surge in cruise tourism and reaffirmed Cyprus’ ambition to become a key player in the global cruise sector. Deputy Shipping Minister Marina Hadjimanolis, speaking at Limassol Port, highlighted strong public demand and projected 170,000 cruise […]
Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House of Representatives’ approval of the Investment Fund Administrators Law. The move is being hailed by the Cyprus Investment Funds Association (CIFA) as a milestone for the sector and a crucial pillar in enhancing investor protection, transparency and regulatory […]
Cyta secured four gold and one bronze award at the Cyprus Technology Awards 2024, earning recognition for projects that enhance digital accessibility, sustainability, and user experience across the country. The gold awards acknowledged key initiatives including the full population coverage of Cyta’s 5G network, the modernisation of its mobile network infrastructure, the launch of the […]
Retail turnover in Cyprus rose by 6.3 per cent in April 2025, marking the fastest monthly increase so far this year, according to data published by the Statistical Service on Monday.Earlier in the year, the annual increase stood at 2.6 per cent in January, 4.7 per cent in February and 5.6 per cent in March. […]
Bank of Cyprus announced on Monday that its total issued share capital stood at 440,828,633 ordinary shares of nominal value €0.10 each as of May 31, 2025, “with each ordinary share carrying one vote.” According to the announcement, “the company holds 4,593,842 ordinary shares as treasury shares, pending cancellation which shall take place at the […]
The Cyprus Energy Regulatory Authority (CERA) has announced the acceptance of a Cyprus Transmission System Operator (TSO) proposal to start the commercial operation of the Competitive Electricity Market on 15 September, 2025 and the determination of 1 October, 2025 as the first Trading Day. The Cyprus Competitive Electricity Market is a restructured energy framework designed […]
This Cannes Film Festival this year was a good one for Cyprus: not only did the highly prestigious event feature two films produced on the island under the Cyprus Film Scheme, but it also included key discussions with international filmmakers and producers for more to come. “This year’s Cannes Film Festival was a great success […]