Here are the top business stories in Cyprus from the week starting January 20: Limassol has the highest rental prices in Cyprus, averaging €4,492 for houses, while Famagusta has the lowest, with apartments averaging €745, according to a report released on Monday from Landbank Analytics. Moreover, capital markets are expected to continue being influenced by the demands of the digital transition, the rise of artificial intelligence, […]
Huge construction projects are underway across Asia as countries invest in their infrastructure to boost economic development. Such ambitious projects spas everything from new roads to bridges, ports and even airports. One country currently modernising its transport capabilities is Cambodia, which is looking to increase the number of visitors to the country. To that end, Cambodia has embarked on an […]
Parades planned across the island in the run up to Easter The carnival season is fast approaching! Coming up earlier this year, carnival season is getting ready to fill every corner of the island with masquerade parties, confetti, music and song. As it signals spring and the Easter period, the carnival is a beloved time […]
Cyprus is gearing up to join the Schengen Zone by 2025, aiming to boost tourism and simplify travel for millions. Learn about its plans, challenges, and the potential impact on global travellers.Cyprus is on the cusp of a significant milestone in its European integration journey, aiming to join the Schengen Zone by the end of 2025. […]
Murals from the 12th and 16th centuries are visible in Paphos’ oldest monastery, Panayia Chrysolakournas, Steni community leader Elias Lampides said on Saturday. Speaking to the Cyprus News Agency, Lampides said the monastery, the seat of the Paphos bishopric in the Middle Ages, “is in a magnificent location, overlooking the bay of Polis Chrysochous and Cape Akamas.” According […]
ExxonMobil and QatarEnergy commenced drilling operations in Block 5 of Cyprus’s Exclusive Economic Zone (EEZ) on Friday morning, marking a significant step in the country’s hydrocarbon exploration activities. President Nikos Christodoulides announced that Cyprus aims to become an alternative and reliable natural gas source for the European Union. The exploration is part of the country’s […]
The Latchi port will be expanded in a €50 million upgrade project, Transport Minister Alexis Vafeades announced following a meeting at Polis Chrysochous municipality. He said the Cyprus Ports Authority project aims to enhance maritime and land infrastructure at the port, which serves as a key gateway to the Akamas peninsula and a departure point for leisure […]
Otres Beach in Cambodia was ranked third among the 25 most relaxing beaches in Asia in 2024, with 13.4 percent relaxing reviews, behind Yas Beach in the United Arab Emirates (UAE) (14.9 percent) and Saud Beach in the Philippines (14.5 percent), according to SpaSeekers.com, the UK’s leading spa booking specialists. “Otres Beach in Cambodia completes […]
Cyprus has seen significant rise in foreign property purchases in recent years, with more than 37,000 properties sold to foreign buyers between 2021 and the end of 2024. Specifically, property sales to foreign buyers surged in all districts, according to data from the Department of Lands and Surveys (DLS). This was shared with the House of Representatives by Interior Minister […]
Cambodia’s First Lady, Pech Chanmony, thanked all the philanthropists who donated money to the Kantha Bopha Foundation to save the lives of Cambodian infants and children. At a meeting with the management, doctors, and medical staff at Kantha Bopha Hospital yesterday, Pech Chanmony, Honorary President of the Kantha Bopha Foundation in Cambodia, expressed her deep […]
Picture this: a city where the sun greets you nearly every day, casting its golden glow on ancient walls and bustling streets. That’s Nicosia – The Brightest Capital of Europe. This witty tagline, created by the Nicosia Tourism Board, captures the many facets of the city’s character: sunny, lively, intelligent and forward-thinking. Every capital city has its […]
The Cypriot real estate market remained stable in 2024, compared to the year before, reflecting the challenges faced by the sector, according to the Cyprus Real Estate Agents Registration Council. In a statement released on Thursday, the council said that the sector was affected by a decline in people’s purchasing power, and high lending rates. Additional factors that […]
Cyprus-based venture capital company 33EAST, supported by the European Investment Fund, has raised €26 million to launch its first venture capital fund, aiming to boost the island’s start-up ecosystem and foster innovation. The fund, launched in January, is backed by the Cypriot government through the ‘National Recovery and Resilience Plan’, the Bank of Cyprus, and […]
The ministry of transport has announced plans for a significant expansion of Vasiliko port. This project aims to establish a new industrial port under the management of the Cyprus ports authority (CPA). On January 21, 2025, the CPA submitted a proposal for European Union co-funding through the “connecting Europe facility” (CEF) programme. This initiative supports projects related […]
Cyprus is getting its own AI taskforce, after the cabinet agreed on Wednesday it was necessary to help prepare the country to address challenges and grasp the opportunities offered by artificial intelligence. The 11-member taskforce will advise the government on the development, incorporation and implementation of AI in Cyprus, with the aim of enhancing the […]
A US military assessment team will be in Cyprus this week as part of defense upgrades, a Cypriot government spokesperson announced Tuesday. In his announcement, Konstantinos Letymbiotis stressed that deepening military cooperation with allied forces contributes decisively to the maintenance of peace and stability in the region. The Germany-based American military assessment team will visit […]