The shipping industry pumped a staggering 623 million euros into the real economy of Cyprus last year, solely through ship management. Cyprus’ shipping industry plays a vital role, constituting 7% of the nation’s GDP. A recent Moody’s report indicates a substantial 75% surge in international shipping earnings in 2023 compared to 2019, attributed in part […]

For the second consecutive year, the University of Nicosia and Junior Achievement Cyprus co-organised the World Conference on Business Education, with the theme “Development of Business Skills”. This event took place on March 1, at the University of Nicosia and was held under the auspices of the Minister of Education, Sport and Youth, Athena Michaelidou. […]

Celestyal Cruises and the Cyprus Maritime Academy on Monday announced the signing of a Memorandum of Understanding, marking a significant collaboration in the realm of maritime education. Under this agreement, Celestyal commits to offering full scholarships to aspiring cadets of the Cyprus Maritime Academy, thereby affirming the company’s dedication to nurturing young talent from Cyprus […]

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 […]

Infocredit Group, based in Cyprus, has clinched the ‘Best KYC Solution 2024’ title at the Sigma Eurasia Awards for the second year running. According to an announcement released by the firm, the awards ceremony, held in Dubai on February 26, 2024, brought together industry leaders and innovators to recognise outstanding achievements. The announcement noted that […]

UK Minister for Indo-Pacific Anne-Marie Trevelyan embarked on a significant visit to Cambodia from March 2-4, marking a pivotal moment in strengthening bilateral relations between the United Kingdom and Cambodia. Aimed at enhancing cooperation in trade, economic development, and education, Trevelyan’s trip underscores the UK’s commitment to supporting Cambodia’s sustainable development and growth. During her […]

The US and other countries have expressed interest in providing humanitarian aid to Gaza via Cyprus, government spokesman Konstantinos Letymbiotis said on Saturday. “It is known that the Republic of Cyprus is in contact with the US and other countries in relation to the provision of humanitarian aid to Gaza through Cyprus,” he told the Cyprus […]

The latest service comes shortly after it announced another fifth freedom route. SUMMARY

Since establishing a base at Larnaca Airport in 2020, Wizz Air has seen remarkable growth, doubling its capacity and becoming a leading airline in Cyprus. In conversation with Phileleftheros and in-cyprus, Robert Carey, the President of Wizz Air, offers a glimpse into the airline’s strategic expansions and operational resilience amidst the complex challenges posed by the pandemic, geopolitical […]

The Research & Innovation Foundation (RIF) this week released a statement highlighting Cyprus’ impact at the “Mobile World Congress Barcelona 2024” and “4 Years from Now” (4YFN), the world’s largest exhibitions for information technology and communications. Led by Chief Scientist Demertris Skourides, along with members of the Research & Innovation Foundation, eight pioneering Cypriot businesses […]

The Ministry of Energy, Commerce, and Industry this week announced the extension of the deadline by six months, for approved applicants, to fully implement their investment proposals under the first call of a grant scheme that seeks to boost new business activity. Specifically, according to the announcement, the complete execution of the projects included in the plan should […]

Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, with RES accounting for an average of 24.8 per cent of energy used for heating and cooling in the EU. This marked a notable increase of 1.8 […]

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place with the presence of CBC governor Constantinos Herodotou and BoG governor Yiannis Stournaras. Speaking after the signing of the memorandum, Stournaras stated that “the signing of the cooperation memorandum today […]

The Deputy Ministry of Tourism and the Cyprus Hospitality Association this week held the Cyprus Hospitality Awards, an event that sought to honour exceptional people and businesses from the tourism and hospitality sectors. The event, which was held in Limassol on Thursday evening, was attended by Deputy Minister of Tourism Kostas Koumis, who highlighted the ongoing efforts to […]

The Central Bank of Cyprus (CBC) announced this week that it expects a 2.2 per cent increase in the country’s Gross Domestic Product (GDP) for the year 2023, following a substantial 5.1 per cent expansion in 2022. Looking ahead to the years 2024-2026, the CBC projects GDP growth rates of 2.6 per cent, 3.1 per cent, […]

The Central Bank of Cyprus (CBC) said it expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively. CBC Governor Constantinos Herodotou has stressed that “the implementation of reforms and the emphasis on sustainable growth […]