Invest Cyprus, in collaboration with the Nicosia Municipality, hosted a networking event this week titled ‘Why Nicosia’, aiming to connect investors with key institutional stakeholders. According to an announcement released on Tuesday, the event provided a platform for networking and exchanging views, reinforcing Nicosia’s position as a prime destination for foreign direct investment and corporate […]
The agreement for the sale of Ermes Department Stores’ investment in Superhome Centre DIY was finalised on Monday. In a statement issued by Ermes today, following its previous announcement on January 31, 2025, the company informed shareholders and the investment community that the transaction for the disposal of its stake in Superhome Centre (DIY) Limited […]
Limassol continues to lead the office rental market in Cyprus, with prices averaging €29 per square metre, while Nicosia remains a more affordable alternative at €13 per square metre, according to a report by Landbank Analytics. The analysis, compiled from major real estate platforms in January 2025, provides a comprehensive breakdown of office, retail, and […]
Attracting foreign companies to set up their headquarters in the Paphos District continues and is a longstanding policy and priority of the Paphos Chamber of Commerce and Industry, stated its Director, Marinos Stylianou. In statements to the Cyprus News Agency, Stylianou noted that Paphos, with its comparative advantages, low cost of living, airport, low crime […]
Finance Minister Makis Keravnos met recently with the new British High Commissioner to Cyprus, Michael Tatham, to exchange views on bilateral relations and ways to further enhance economic cooperation, as well as on European and international matters. Tatham assured the economic cooperation between Cyprus and the UK would continue, and said his country is ready […]
The aim is for 33.17% of Cyprus’ total consumption to come from renewable energy by 2030, based on the updated National Energy and Climate plan, Minister of Energy, Commerce and Industry George Papanastasiou said addressing the annual General Assembly of the Energy Saving Association. He said the goal is to reduce energy cost to the […]
Financial technology firm Capital.com on Monday announced the launch of a new paid internship programme for university students in Cyprus. The first group will include 30 students from the Cyprus University of Technology (Tepak), with plans to extend the initiative to other universities across the island. The company stated that the programme aims to provide students with […]
The Cyprus Telecommunications authority (Cyta), recorded revenues of €415 million and an expected pre-tax profit of €59 million for 2024, chairwoman Maria Tsiakka said on Monday. Speaking at a House finance committee meeting over the authority’s 2025 budget, she highlighted Cyta’s “significant contributions” to the national economy, saying that since 2000, it has transferred over €1.27 […]
Secretary general of the International Chamber of Shipping Thomas Kazakos on Monday met with Cyprus News Agency (CNA) director Dinos Finicarides, as well as the new director general of the Cyprus Shipping Chamber (CSC) Alexandros Iosifidis. The meeting was held at the CNA offices in Nicosia and involved a discussion on issues related to the […]
Hellenic Bank reaffirmed its commitment to Cyprus’ hospitality industry with its participation at the 46th Cyprus Hotel Summit and Horeca Expo in Limassol, where sector challenges and opportunities were brought to the forefront. The conference, organised by the Cyprus Hotel Association (Pasyxe), focused on innovation and growth, sending a strong message of optimism, resilience, and […]
The Bank of Cyprus announced on Monday the launch of a €30 million share buyback programme, a move previously signalled last week during the release of its preliminary 2024 financial results. In a statement, the Bank of Cyprus Holdings Public Limited Company confirmed that the programme follows its February 18, 2025, announcement regarding a proposed cash dividend and […]
Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according to Constantinos Hadjistassou, Professor at the School of Sciences and Engineering, Department of Engineering at the University of Nicosia. Speaking to the Cyprus News Agency (CNA), Hadjistassou also highlighted the multiple benefits this development will […]
Two beaches in Cyprus have been named among the top 25 in Europe for 2025, according to the latest rankings by the global travel platform TripAdvisor. Konnos beach, in the Paralimni-Deryneia municipality, and Makronissos beach, in Ayia Napa, have secured spots on the prestigious list. Konnos beach has been recognised as the 19th best beach […]
Here are the top business stories in Cyprus from the week starting February 17: Kicking off the week, access to high-performance computing has long been a barrier for creative professionals, engineers, and businesses. However, LoLa Cloud PCs, founded by Cypriot entrepreneur Rogiros (Roger) Theophanous, is on a mission to change that. Theophanous explained that his company offers an innovative solution that […]
Germany has vowed to support Cambodia to further boost its digitalisation programmes cutting across various spectrums. This came as Chea Vandeth, Minister of Post and Telecommunications, held a discussion yesterday with Martina Klement, Chief Digital Officer of Berlin, Germany. Vandeth apprised Klement on Cambodia’s initiatives in implementing digitalisation across the economic and social spheres. He […]
Med High is an international school located in Larnaca, Cyprus, established in 1995. We follow the UK National Curriculum, providing high-quality education to children aged 12 months to 18 years. Our institution encompasses: Pre-School, Junior School, High School, Tutorial Centre, and Summer School. AIM HIGH, ACHIEVE HIGHER As a parent, choosing the right school for […]