The two-day visit that Indian Prime Minister Narendra Modi is making to Cyprus since Sunday lays solid and strong foundations for the redefinition and further strengthening of Cyprus-India business/economic cooperation. The focus of this cooperation is the investment relations between the two countries in the light of Cyprus’ will to transform and establish itself as […]
“I would like to say that the CCCI supports every effort aimed at further developing the business relations between Cyprus and India. From shipping and maritime cooperation, to fintech, and digital transformation, pharmaceuticals, green energy, agriculture and academic exchange,” Cyprus Chamber of Commerce & Industry President Stavros Stavrou has said. Stavrou was speaking at a […]
The Research and Innovation Foundation (RIF) has launched a new €10 million funding scheme to help Cypriot companies turn innovative ideas into high-value products and services. Known as STEP (setting up facilities and production lines for manufacturing new innovative products or services), the programme is part of a series of flagship actions unveiled by president Nikos Christodoulides in the 2025 […]
CSE and NSE explore new investment and listing opportunities The Cyprus Stock Exchange (CSE) has announced that it held a meeting on Monday with senior officials from the National Stock Exchange of India at its headquarters in Nicosia. The meeting marked a follow-up to the recent signing of a memorandum of understanding between the two stock exchanges. Representing the Indian side […]
Freedom Holding Corp. on Monday reported a 23 per cent year-on-year increase in revenue for the fiscal year ending March 31, 2025, reaching $2.05 billion. The financial results, announced by the Kazakhstan-headquartered firm, reflect strong performance across both its brokerage and insurance segments, in line with the company’s stated growth strategy. The group operates through […]
Here are the top business stories in Cyprus from the week starting June 9: The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, more resilient, and better aligned with international standards, according to Wim Mijs, Director General of the European Banking Federation (EBF). Speaking to the […]
Limassol studio launch signals long-term film investment in Cyprus Copper Island, the international film company with roots in the US, UK, Europe and Australia, has officially launched its new post-production facility in Limassol’s old town, marking a strategic investment in Cyprus’ growing role as a hub for global filmmaking. The event drew a crowd of […]
Minister of Energy, Commerce and Industry, George Papanastasiou is in Marseille to represent Cyprus at the 2025 Raisina Mediterranean international geopolitical conference. A press release by the Ministry says that the conference is the first Mediterranean edition of the Raisina Dialogue, one of the most important international geopolitical fora co-organised by the Observer Research Foundation and […]
The growth and continued success of the country’s maritime sector was praised by President, Nikos Christodoulides, during his speech at the General Assembly of the International Chamber of Shipping held in Athens. “We are proud of the remarkable growth and the continued success of our maritime sector and we are working to expand it to […]
Invest Cyprus evaluates the organisation of the Investopia Global Mediterranean Forum in Cyprus as a huge success, both in the presence of high-ranking individuals and multinational companies or companies from the United Arab Emirates (UAE) and at the level of governments and ministers. Focusing on the important presences hosted by the forum, such as the […]
Tourism revenue in Cyprus reached €129.4 million in March 2025, marking a 14.5 per cent increase compared with the same month last year (€113.0 million), according to a report released by the statistical service on Friday. For the first quarter of the year, revenue from tourism totalled €278.3 million, up 24.6 per cent from €223.3 million […]
AstroBank on Friday announced that it will pay interest and proceed with the early redemption of two of its senior preferred bonds on June 30, 2025. The bonds in question include one with a nominal value of €8.2 million, and another worth $12.2 million. The interest rates on these bonds are 6.50 per cent and 8.50 per cent per annum respectively. The interest is […]
Officials from the Central Bank of Cyprus (CBC) met with counterparts from the central banks of Lithuania and the Netherlands on Thursday and Friday. The meeting allowed for the exchange of technical expertise, experiences, and facilitated a discussion on best practices in supervising electronic money and payment institutions. According to a statement issued by the CBC on Friday, similar meetings are scheduled to […]
The President of the Paphos Hotels Association, Euripides Loizides, has expressed satisfaction with the occupancy rate at Paphos hotels during the Kataklysmos Flood Festival long weekend, saying that it exceeded 90%. Also known as the Flood Festival, Kataklysmos marks Pentecost, a Christian holiday which takes place on the 49th day after Easter Day. It commemorates […]
Cruise ship passenger fees will increase from July 1, Kathimerini understands. The fee will be imposed per passenger and per port and its amount will vary depending on the time period. For Mykonos and Santorini during the peak tourism season, it will be set at 20 euros. According to information, the competent ministries are about […]
President of the Paphos hotel association (Pasyxe) Evripides Loizides on Thursday expressed satisfaction with hotel occupancy rates in Paphos during the long weekend of Kataklysmos, saying that they exceeded 90 per cent. In a statement to the Cyprus News Agency (CNA), Loizides described the month of June as “problematic” because, as he put it, the high cost […]