Cyprus’ outdated property law allows nationals of third countries to acquire real estate, even as individuals, with little oversight, according to a recent response from the Interior Ministry to parliament. The ministry confirmed that foreign buyers can file a transfer deed at the land registry office and proceed to exploit a property, such as an […]
Greece continues to attract high demand for travel throughout the autumn, with TUI AG, the largest European tour operator, confirming the country remains a top choice for Europeans. The German group is already in talks with Greek hoteliers and managers of hotels within its network, as well as in Turkey, to extend operations until the […]
ASBISc Enterprises Plc has announced estimated consolidated revenues for July 2025, reporting a significant year-on-year increase. According to the company, which is more commonly referred to as ASBIS, estimated consolidated revenues for July amounted to approximately $281 million. This represents a 26 per cent rise compared with July 2024, when revenues stood at $223 million. […]
The Deputy Ministry of Tourism has launched a tender for hotel rooms in Nicosia to accommodate thousands of delegates expected during Cyprus’ presidency of the Council of Europe from January to June 2026, when more than 250 meetings will take place across the island. According to the notice published on the Electronic Procurement System, the estimated […]
The Eratosthenes Centre of Excellence (CoE) this week announced the launch of Space BIC, a specialised business incubation centre to support space-based entrepreneurship in Cyprus. According to the announcement, the first call for applications is open until October 15, 2025. Operated by the Eratosthenes CoE with the support and funding of the Deputy Ministry of […]
Flights to Venice and one of Bosnia’s biggest cities, Tuzla, will be departing from Larnaca in the winter season and in 2026, Hungarian low-cost airline Wizz Air said on Tuesday. “We are expanding our network from Larnaca with these two new routes(…) Venice has been one of the most sought-after destinations, while Tuzla is a new and […]
Authorities have approved construction of a €1 million camping facility in Peristerona, Paphos, following an environmental assessment due to its proximity to the Natura 2000 “Sarama Valley” Special Protection Area. The Environment Department granted approval under strict conditions after an ad-hoc committee’s comprehensive Special Environmental Impact Assessment (SEIA), which concluded the redesigned project would not cause […]
Poland has established itself as Cyprus’s third largest tourism market following July results, joining the United Kingdom and Israel as the top sources of visitor arrivals to the island. Tourist arrivals in July 2025 reached 589,116 compared to 551,229 in July 2024, marking a 6.9% increase, the Statistical Service announced. For the January-July 2025 period, […]
Nicosia Municipal Swimming Pool continues its upgrade programme, with interior building spaces set for demolition and renovation alongside energy efficiency improvements, following earlier refurbishment of external areas and pools. The related tender has been announced with a budget of €1.9 million excluding VAT, funded by the Recovery and Resilience Fund. Nicosia Municipality aims to complete work […]
Wizz Air has announced three new routes from its Cyprus and Greece operations, including direct flights from Larnaca to Venice starting December 2025 and to Tuzla from March 2026. The budget carrier will operate flights from Larnaca to Venice three times weekly from 2 December 2025, with fares starting at €19.99 for one-way tickets including […]
Cyprus’ tourism sector is performing strongly this season, according to Cyprus Hoteliers Association (Pasyxe) director general Christos Angelides. Speaking to business outlet Economy Today, Angelides said the steady rise in arrivals is creating the basis for long-term planning, with Cypriot hotels aiming to extend the summer season into November. However, he argued that for the season […]
The Research and Innovation Foundation (RIF) on Tuesday launched a new call for proposals under a programme titled ‘Enhancing Business Capacity for New Product Development’. The programme offers eligible Cypriot businesses total funding of up to €30,000 per project. The call is open to companies across all sectors with at least 10 full-time employees that […]
Larnaca’s €19 million sustainable mobility project has been officially launched following the signing of the construction contract at the Transport Ministry’s public works department. The contract, awarded to Araco Construction Cy Ltd, was signed by Public Works director Eleftherios Eleftheriou on behalf of Cyprus and company representative Mohammed Rokaya. The administrative court annulled the initial […]
The deputy ministry of tourism will promote the island’s industry at a total of 52 international tourism exhibitions in 2025, eight more than the previous year, it said on Tuesday. “The primary objective of the presence at the exhibitions was (…) to establish Cyprus as a year-round, quality, environmentally friendly destination,” the ministry said. Cyprus’ […]
British tourists top the list, with Israel second and Poland third Tourist arrivals in Cyprus rose by 6.9 per cent in July, with well over half a million visitors being recorded, according to figures released on Tuesday by the state statistical service. Specifically, a total of 589,116 tourists visited the island during this time, compared to 551,229 in July […]
A $35 million multipurpose port is planned for development in Preaek Prasab district, Kratie province, aimed at boosting investment and facilitating the transport of agricultural products as part of the government’s push to attract investors to the northeast under a special incentive programme. Hean Sahib, Advisor to the Prime Minister and Chairman of the Northeastern […]