Α General Government surplus of €654.2m (1.9% of GDP) for the period of January-February 2025, is indicated according to the preliminary fiscal results, prepared by CySTAT. In comparison, in the same period of 2024 a surplus of €531.7m (1.6% of GDP) was recorded during the period of January-February 2024. Revenue During the period of January-February 2025, total revenue increased […]
The airports in Larnaca and Paphos welcomed 707,304 passengers during March, recording an increase of 5.91% compared to 2024, the Transport Ministry has announced. It also said that the high trend in passenger traffic ever recorded for the January-March period continues, with an increase of 6.79% compared to 2024. The Ministry said that following the 2024 […]
Cypriot bankers have expressed their satisfaction with President Nikos Christodoulides’ recent visit to the US, where he promoted the Mediterranean country as an attractive destination for investment. Top financial figures are now calling for such missions to become a more official and regular occurrence, ideally taking place more than once a year, to create long-term […]
Finance Minister Makis Keravnos, will travel to Warsaw on Thursday, April 10, in order to participate in the Eurogroup meeting and the informal Economic and Financial Affairs Council (Ecofin), which will take place on April 11 and 12. On the morning of Friday, April 11, Keravnos will attend the Eurogroup proceedings. According to a statement […]
Cyprus recorded a trade deficit of €1.24 billion during the first two months of 2025, marking an increase of €102.7 million compared to the same period in 2024, according to the state statistical service. It should be noted that this widening of the trade gap occurred despite a significant rise in exports. Specifically, the trade […]
Paphos remained the leading district for property sales to foreign buyers in Cyprus during March 2025, recording 204 transactions and outperforming all other regions, according to figures released by Leptos Group on Wednesday. Limassol followed with 172 sales, while Larnaca recorded 152, Nicosia 54, and Famagusta 25 transactions to foreign purchasers. International demand for Paphos properties surged […]
Larnaca and Paphos airports handled 707,304 passengers in March 2025, marking a 5.91 per cent rise compared to the same month last year. It was the strongest performance ever recorded for the January–March period, with total traffic up by 6.79 per cent year-on-year. According to the Transport Ministry, Larnaca airport posted a 15.17 per cent […]
Cyprus’ general government recorded a surplus of €654.2 million in the first two months of 2025. This represents 1.9 per cent of the country’s Gross Domestic Product (GDP), according to preliminary fiscal results released by the state statistical service on Tuesday. This marks a notable increase compared to the corresponding period in 2024, when a […]
Cyprus is stepping up its push to join the Schengen zone, a development seen as critical for reinforcing the island’s appeal to investors and simplifying cross-border activity for companies. Alongside Ireland, Cyprus remains one of only two EU member countries outside the passport-free travel area. However, president Nikos Christodoulides has made clear that the country […]
The recently held Capital Link Cyprus Business Forum focused on the progress, opportunities, and developments related to the Cypriot economy. The event, held at the Metropolitan Club in New York City, was sponsored by Hellenic Bank, a member of the Eurobank group. The forum aimed to highlight the prospects of the Cypriot economy and attract […]
The Deputy Minister of Shipping to the President, Marina Hadjimanolis, visited New York between 3 and 5 April as part of efforts to promote and showcase Cypriot shipping. During her contacts, the Deputy Minister presented the advantages of the Cyprus ship registry and maritime cluster, highlighting the investment opportunities offered by the establishment of shipping […]
As part of his engagements in the United States, President Nikos Christodoulides met with the Global Vice President of Sales and Business Development for HPC/Supercomputing at NVIDIA, John Josephakis. As Government Spokesman Konstantinos Letymbiotis noted in a social media post, “NVIDIA is currently one of the world’s leading companies in its field, with a pivotal […]
Cyprus is on a path of progress, with a clear orientation and long-term planning, President Nikos Christodoulides has said. He was speaking at a 4 April working breakfast with senior executives from investment banks, investment funds and venture capital organisations in New York, which is the first organised event in the context of the Cyprus […]
The renovation of the historic Berengaria Hotel in Prodromos is sparking renewed investor interest in Cyprus’ mountain communities, with developers now turning their focus to Platres, Agros and Kakopetria. Speaking to newspaper Politis, the president of the Pasyxe Mountain Resorts Committee, Andreas Mandalas, said that the ongoing renovation of the landmark Berengaria Hotel has become a magnet for fresh investment, […]
Cyprus is emerging as a top international destination for business activities, professionals, and high-net-worth individuals. The Summit will provide a comprehensive overview of the Cypriot economy and investment landscape, focusing on Cyprus’ comparative advantages from various perspectives. The goal is to present Cyprus as an ideal destination for business establishment, professional relocation, and high-net-worth individual residency. The […]
President of the Republic, Nikos Christodoulides, has met with Jason Rekate, Head of Corporate Banking of Citi financial institution in New York, and had an extensive discussion on the services that it offers globally and the prospects of further and more multifaceted presence of its activities in Cyprus, Government Spokesman Konstantinos Letymbiotis has said. In a post […]