Sixty-nine stolen antiquities were handed over to Cypriot authorities in the Austrian capital today and will be transported back to Cyprus over the weekend. According to an Antiquities Department statement, they were delivered by Mr O.D (Austrian citizen who found them and who did not wish for his name to be disclosed) at a ceremony […]
A day trip to Kalopanayiotis shows the island has more to offer than partying at the coast By Philippa Tracy Agro-tourism is one of those phrases that people throw about while other people nod vigorously in approval. It conjures up images of expensive, luxury farm villas in Tuscany, where you pay vast amounts of money […]
Tourism revenue in September 2024 recorded a 6% increase, compared to September last year. For the first nine months of 2024 an increase of 4.9% was also recorded, compared to the same period in 2023. Based on the results of the Passengers Survey carried out by Cystat, revenue from tourism reached €454.1m in September 2024, recording an […]
Cyprus recorded a general government surplus of €1.43 billion, equivalent to 4.2 per cent of GDP, between January and October 2024, according to a report from the statistical service. This was more than double the surplus of €664.8 million, or 2.1 per cent of GDP, reported for the same period in 2023. According to the report, this increase […]
Petrolina (Holdings) Public Limited (PHL) has announced the completion of a €48.6 million deal to acquire ExxonMobil Cyprus. According to the announcement, this includes the company’s 68 Esso-branded service stations, marking a significant expansion of its operations in the Cypriot market. On November 27, 2024, PHL confirmed that MED ENERGYWISE LTD, a wholly owned subsidiary, signed an agreement […]
According to a report issued Thursday by the Ministry of Public Works and Transport (MPWT), Cambodia had registered 2,513 electric cars or electric vehicles (EVs) as of October 2024. The three most popular EV brands in the Southeast Asian country are China’s BYD, Japan’s Toyota, and America’s Tesla. Speaking at an EV showcase event at […]
Cyprus President Nikos Christodoulides had a trilateral meeting at the Presidential Palace with King Abdullah II of Jordan and Prime Minister Kyriakos Mitsotakis of Greece. The leaders had a working lunch on 27 November, in the context of the 4th Trilateral Summit between Cyprus – Greece – Jordan, after which memoranda of understanding in the fields […]
President Nikos Christodoulides on Thursday said there was an urgent need to link education with the labour market, in order to equip Cyprus’ youth for the demands of the modern economy. Speaking at the opening of the 8th National Skills Competition in Nicosia, Christodoulides underlined the role of skills development in boosting individual potential and strengthening the nation’s economic […]
Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings. This represents a major step forward in the overall transaction process with CNP Assurances. According to the bank’s statement, the approval was granted during the commission’s session held on November 27, 2024. The announcement follows Hellenic Bank’s […]
Ancient Cypriot writing was found on a wall dating from the 6th century BC at an archeological dig in Palaepaphos, the department of antiquities said on Wednesday. “The findings that will be revealed from the study of the inscription are awaited with particular interest,” it said of the discovery in the Kouklia-Martsello area. The 2024 […]
Paphos has secured a silver medal in the 2024-2026 Top 100 Green Destinations global rankings, a recognition for coastal quality excellence. The city earned its place after a reassessment by international independent tourism sustainability experts, who evaluated the destination’s commitment to sustainable practices and strategic priorities. The award recognised Paphos’s pristine beaches and the rare […]
Cyprus and Greece must focus on sustainability to enhance their tourism offerings, according to Deputy Tourism Minister Kostas Koumis. Speaking at the 2nd Cyprus-Greece Business Forum on Wednesday, Koumis underlined the importance of tourism for both countries, saying that their natural beauty is a cornerstone of their appeal. “The tourism sector is a major pillar for both economies,” Koumis said. […]
Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market. The milestone was highlighted in an announcement emphasising the company’s commitment to growth and sustainable energy practices. Thanos Patrikis, vice president for the Mediterranean region and Managing Director of VTTI Cyprus, […]
The board of the World Federation of Tourist Guide Associations (WFTGA), led by its president, Sebastian Frankenberger, is currently in Cyprus to advance international training programmes and discuss industry developments. The WFTGA board met with Deputy Minister of Tourism Kostas Koumis on Monday, accompanied by representatives from the Cyprus Tourist Guides Association. The meeting coincided […]
Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories. However, the agency mentioned that Cyprus continues to stand out with a positive outlook. Commenting on the report, government spokesman Konstantinos Letymbiotis said that this “is an irrefutable vote of confidence in the Cypriot economy, the government’s […]
Cyprus is expected to record the third highest growth rate in the Eurozone with 3.8 per cent for 2024, while unemployment, inflation and public debt continue their downward trend. Addressing the second Cyprus-Greece business forum in Nicosia with Greek Prime Minister Kyriakos Mitsotakis, Christodoulides said the two countries, having left behind many years of challenges, […]