Emirates announced on March 3 that it will introduce a new flight route between Dubai, United Arab Emirates, and Siem Reap province in Cambodia. This initiative aims to boost both tourism and trade between the two countries. Starting June 3, Emirates will operate three weekly flights on Tuesdays, Thursdays, and Saturdays from Dubai to Siem […]
The city of Limassol is set to gain an advanced private healthcare facility through a substantial €50 million investment, pending final regulatory approvals from local authorities. C & SO Medical Properties Ltd has submitted all necessary documentation and studies for the proposed American Medical Center, which would bring specialised medical services to the city, complementing the company’s existing facility […]
Two major players in the renewable energy sector have reached a significant agreement for the sale and supply of solar-generated electricity, sources told Phileleftheros. HAFFNEVE HOLDING LIMITED, owned by the Zorpas Group, has agreed to sell 23 megawatts of photovoltaic parks to Bioland, a key producer and supplier of green electricity. The deal is pending approval […]
Famagusta district’s first-ever coordinated online tourism campaign promoting it to foreign markets ended 2024 with impressive results, surpassing all expectations and laying the groundwork for an even more dynamic follow-up in 2025. The campaign, from April to October 2024, was the largest collaborative effort to date, with 150,000 euros raised through partnerships between the local […]
The Mall of Cyprus on Friday announced the sale of its Annex 3 office building to Karakyr Properties Ltd, a member of the E-Cars Group, for €4.6 million. It should be noted that Karakyr Properties was already the active tenant of the building. According to the company, the board of directors had long considered Annexes 3 and 4, located next to the Mall of […]
Deputy tourism minister Costas Koumis is heading to Berlin for a series of contacts with members of the German industry in addition to attending the large trade fair ITB, which runs from Tuesday to Thursday. He will meet representatives of executives of tourism organisations and airlines that operate tourism programmes and routes from Germany to Cyprus, in […]
Hellenic Bank is expected to finalise its acquisition of CNP Cyprus Insurance Holdings Limited by the first quarter of 2025. The deal, valued at €182 million, is still pending regulatory approvals, according to preliminary results released by the bank. On November 28, 2024, the bank confirmed that the Cyprus Competition Commission had approved the transaction […]
The legal merger between Eurobank and Hellenic Bank is expected to be completed within the first quarter of 2025, with the final step, the operational merger, scheduled to take place over the following two years. According to Eurobank Holdings’ latest financial results, the bank recorded a €99 million contribution to its net profits from acquiring […]
Here are the top business stories in Cyprus from the week starting February 24: Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according to Constantinos Hadjistassou, Professor at the School of Sciences and Engineering, Department of Engineering at the University of Nicosia. He described […]
Hellenic Bank is expected to finalise its acquisition of CNP Cyprus Insurance Holdings Limited by the first quarter of 2025. The deal, valued at €182 million, is still pending regulatory approvals, according to preliminary results released by the bank. On November 28, 2024, the bank confirmed that the Cyprus Competition Commission had approved the transaction […]
The best English-speaking countries to retire to, where you won’t need to learn a second language as you enjoy an exotic retirement overseas. Looking to move overseas in your golden years, but concerned about finding an English-speaking country to retire to? Moving or retiring overseas is an exciting prospect, but it does come with some challenges. For […]
Tor Properties is transforming real estate in Cyprus by creating exceptional projects in prime locations. With a focus on modern comfort and convenience, each project is designed to offer a contemporary lifestyle complemented by superior facilities. Through innovation and thoughtful planning, Tor Properties delivers both practicality and premium living and working, contributing to vibrant, well-connected communities. Shinko Residences: […]
Hellenic Bank on Thursday reported a net profit of €383 million for the full year 2024, highlighting its strong financial performance and solid capital position. “2024 was a landmark year for Hellenic Bank in terms of financial performance and ownership structure,” said chief executive officer Michalis Louis. “The bank achieved strong financial performance in 2024 with a net profit of €383 million, up […]
The Famagusta branch of the Cyprus Hoteliers Association (Pasyxe) together with the local tourism board (Etap), celebrated the successful conclusion of their online campaign ‘Live Unforgettable Moments’. The campaign, which ran from April until the end of October 2024, has been deemed as “a major success”, reaching over 4.5 million unique users and marking a significant first in […]
Limassol named top startup city in Southern Europe Cyprus has leapt nine places in the 2024 StartupBlink Ecosystem Index, marking it as the fastest-growing startup ecosystem within the European Union, the Research and Innovation Foundation (RIF) has reported. According to the RIF, this jump showcases Cyprus’ rising prominence in this space, especially among countries with populations under 2 million, […]
Cypriot startups are set to receive a significant boost with €26 million in funding secured by venture capital firm 33East in partnership with the European Investment Fund (EIF). The fund aims to stimulate investment in the regional market and enhance its global competitiveness, Vice-President of the European Investment Bank (EIB) Kyriakos Kakouris said at its […]