The fourth quarter of 2023 witnessed a notable surge in Cyprus’ overall employment, recording a 1.1 per cent increase compared to the same period in 2022. According to data released this week by the Cyprus Statistical Service (Cystat), real working hours also experienced a growth of 1.5 per cent. During Q4 2023, the total number of […]
Cyprus will participate in the €19-billion project of electricity interconnection linking Cyprus, Greece and Israel, called “Great Sea Interconnector,” provided the conditions set out by the Cabinet are met, Finance Minister Makis Keravnos has said. Keravnos’ comments on 7 March came following the call by the Greek Independent Power Transmission Operator (IPTO) for Cyprus to […]
Eurobank Cyprus on Friday released its financial results for the year 2023, posting an after-tax profit of €199.4 million, reflecting a significant increase of 111 per cent over the previous year. In addition, the bank’s results showed enhanced capital adequacy, as well as notable improvements in operational costs. The positive outcomes affirm the bank’s resilient trajectory, effective management of […]
The Cyprus Registry marked its 60th anniversary of participation in global shipping activities earlier this week, highlighting its journey towards becoming a key player through a strategy focused on responsible and sustainable growth. Celebrated at the Great Britain Hotel in Athens, Greece, the event underscored the strong connection between Greek and Cypriot maritime sectors. The gathering was attended […]
This feel-good dinner makes the most of your time. Because you’re busy. You don’t have all day. I hear you. That’s where multitasking comes in: While hunks of Halloumi cheese and pita shards toast in the oven, you’ll slice up juicy citrus (snag blood oranges if you can for their vibrant hue), kicky shallot, kickier […]
Aegean Airlines has secured another slot at London’s Heathrow airport and is adding to its schedule a fourth daily flight from Athens to the UK’s busiest international hub, it said on Tuesday. The new flight will operate every day throughout the year except on Saturdays, leaving Athens at 4 p.m. local time and London/Heathrow at […]
In a proposal during a European Union Council of Transport, Telecommunications and Energy on Tuesday, Cyprus’ Minister of Energy, Commerce and Industry George Papanastasiou urged the establishment of an EU “solar bank” to finance the solar sector. The suggestion was made during a working lunch addressing the status of the EU solar energy industry and the […]
The Cyprus Computer Society (CCS) on Wednesday announced the Future Startup Founders programme launch, designed exclusively for aspiring female entrepreneurs. According to the announcement, this initiative falls under the Startup Founders pillar of the Erasmus+ EU co-funded project Femme Forward, to foster innovation and empower women in the tech startup landscape. The Future Startup Founders programme is a […]
The Great Britain-Cyprus Business Association held a conference on Tuesday evening which put the spotlight on Larnaca’s potential as a key investment destination. The event, titled “A Hidden Gem in the Mediterranean,” sought to cast the spotlight on Zenon’s city as a flourishing hub for both local and international investors. Savvas Kyriakides, the founder and President of the […]
Cyprus’ Finance Minister Makis Keravnos met with the chairman of Greece’s Independent Power Transmission Operator (Ipto) Manousos Manousakis, according to an announcement released on Tuesday evening. The announcement said that an Ipto delegation accompanied Manousakis. The meeting, which took place on Tuesday at the Ministry of Finance in Nicosia, involved a discussion on a number of […]
Hellenic Bank supported the recently-held Capital Link Cyprus Shipping Forum The 7th Annual Capital Link Cyprus Shipping Forum, which took place in February, saw a number of optimistic messages being conveyed regarding the global and Cypriot shipping industry, amidst a period of intense uncertainty for the international economy. The event, which was held with the […]
In an era where the skylines of cities around the globe are rapidly transforming, certain projects stand out not just for their height but for their ability to redefine urban landscapes through innovative design. Among these, the Limassol Del Mar, a collaborative venture between UDS Architects, a leading Cypriot architecture firm, and the multi-award-winning international […]
As the summer season approaches, Cyprus airports are bustling with over 3,000 workers daily, employed by the numerous companies operating within the airport facilities, according to an announcement released on Tuesday by Hermes Airports. Anticipating a significant increase, Cyprus’ airports are gearing up to accommodate over 5,000 employees, encompassing both permanent and seasonal staff. With […]
Two Cypriot companies were included in the recently released list of the 1,000 fastest-growing European businesses by the Financial Times, compiled in collaboration with the German data analysis firm Statista. Topping the Cypriot entries at position 562 is Theon International, founded in 1997 and operating in the aerospace and defence sector. With a remarkable Compound Annual Growth […]
Cyprus saw a decrease of 13.8 per cent in the number of registered unemployed individuals in February 2024, compared to the corresponding month of 2023, according to a report released by the Cyprus Statistical Service (Cystat) on Tuesday. Specifically, the announcement highlighted that, compared to February 2023, there was a decrease of 2,293 persons, from […]
The procedures and decisions related to Cyprus’ largest energy project at Vasilikos are gaining significant attention. According to information from the country’s Audit Office, a file is being prepared for a complaint with the European Public Prosecutor’s Office (EPPO). Kathimerini understands the file will be submitted to the EPPO around mid-March, and the complaint will […]