Cyprus is moving ahead with its first affordable rental housing scheme, with construction on the initial phase of a new development in Limassol expected to begin by June, according to the Cyprus Land Development Organisation (Koag). The ambitious project, a collaboration between Koag and the Limassol municipality, will see the creation of a small residential community in […]
Debt-to-GDP ratio to fall below 60 per cent in 2025 Cyprus’ economy is expected to continue growing at a robust pace in 2025 and 2026, according to the European Commission’s Spring 2025 Economic Forecast released on Monday. Specifically, growth is expected to reach 3 per cent in 2025 and moderate slightly to 2.5 per cent in 2026. The commission explained that this expectation is […]
Digital push and tourism key in India-Cyprus-Greece collaboration A new chapter in trilateral economic relations between India, Greece, and Cyprus was officially opened on Friday with the launch of the India-Greece-Cyprus Business and Investment Council (IGC) in Limassol. The event, held under the auspices of Eurobank and attended by senior government officials, diplomats, and business […]
Prince Bank Plc. is proud to announce that it has once again been named the winner of the “Best Corporate Governance” award by International Finance Magazine in 2025, marking its second win, following its first recognition in 2023. This back-to-back honour reaffirms the Bank’s steadfast commitment to transparency, ethical conduct, and excellence in corporate governance. […]
Signs of human activity dating back to the first millennium BC on the western terrace of the Amathus Acropolis in Limassol were revealed by recent excavations, the department of antiquities said on Tuesday. Archaeologists uncovered building remains and pottery fragments beneath layers of collapse at two separate points. New findings suggest the western terrace of […]
The Mediterranean island of Cyprus offers much more than a good beach holiday, with vineyards, mountain hiking trails and ancient sites to discover An island rich in historic sites, unique cuisine and charming coastal resorts, Cyprus continues to uphold its reputation as an island that can cater to every type of traveller. The sparkling crystal Mediterranean Sea […]
Cyprus has emerged as one of the standout performers in European tourism at the start of 2025, recording a 15.4 per cent increase in international arrivals compared to the same period last year. This growth reflects a broader trend across Southern and Mediterranean Europe, where warmer climates and rising interest in off-season travel continue to draw tourists despite a […]
Despite high expectations and a visually striking performance by Theo Evan, Cyprus failed to qualify for the grand final of the Eurovision Song Contest 2025. The result came as a shock to many viewers and Eurovision fans. The Cypriot entry, “Shh,” had generated strong momentum ahead of the contest, with bookmakers and fan polls predicting […]
Larnaca has begun work on what is expected to become one of Cyprus’ most important cultural landmarks, a €30 million Art and Design Centre set to be completed by 2030. Designed by world-renowned British firm Foster and Partners, the project will also include the Museum of People and serve as the flagship of the city’s European Capital of […]
Cyprus is setting its sights on joining the Schengen zone by 2026, President Nikos Christodoulides announced on Sunday, pledging that all the necessary groundwork will be wrapped up by the end of next year. Speaking at an event in Nicosia, the president made it clear that the goal isn’t just a wish, it’s a national […]
A total of 110 palm trees have been planted along the seafront on Castella beach in Oroklini, the Larnaca municipality and tourist board announced on Monday. The aim is to render Larnaca beaches more attractive, by making them aesthetically pleasing and lending them a comparative advantage. The Washingtonia palm trees are of the same variety […]
Coral Bay has officially been designated a plastic-free beach, becoming the ninth beach in Cyprus and the first within the boundaries of the Akamas municipality to receive the designation. A small certificaton ceremony was held on the beach, attended by representatives of international tour operator Tui, including the Tui Care Foundation’s board of directors’ chairman Thomas […]
Mary Lynne Hedley urges Cypriot scientists to embrace entrepreneurship Dr Mary Lynne Hedley, a trailblazer in biotechnology and scientific entrepreneurship, recently visited Cyprus to inspire the next generation of life science innovators. A Senior Scientific Fellow at the Broad Institute of MIT and Harvard and a Venture Partner at Third Rock Ventures, Hedley brought with […]
A new undersea cable linking Cyprus and Lebanon is being planned by Cyta, in a project expected to boost internet speed, emergency response, and economic growth across the region. Called CADMOS-2, the cable will run between Pentaschinos in southern Cyprus and Beirut, replacing the older system that has been in place since 1995. The goal is […]
The Cyprus Forum will return to London on May 22, according to an announcement released on Friday. The event will bring together diplomats, academics, journalists and civil society leaders for a full day of discussion at the High Commission of the Republic of Cyprus to the UK. Now in its second year, the event is […]
Cyprus is expecting a record number of arrivals from Romania this year, Deputy Minister of Tourism Kostas Koumis said during a visit to Bucharest. Koumis travelled to the Romanian capital to meet with senior officials and travel industry representatives following the launch of new routes by Animawings. According to the announcement, the carrier is introducing direct flights to Cyprus for the first […]