The preliminary agreement on the Cost-of-Living Allowance (CoLA) was signed at noon in the presence of the President of the Republic, Nikos Christodoulides. In statements made during a special ceremony at the Presidential Palace, Christodoulides stressed, among other things, that “a permanent agreement on CoLA is being achieved”. He added: “A matter that had remained open for […]
Cyprus and Saudi Arabia strengthened ties in the tourism sector this week as the UN Tourism General Assembly in Riyadh concluded with the adoption of the Riyadh Declaration on the Future of Tourism, a long-term roadmap for global cooperation over the next 50 years. Deputy Minister of Tourism Kostas Koumis co-signed a memorandum of understanding […]
An agreement was signed on Thursday to bring to an end the months of wrangling between workers and employers over the cost-of-living allowance (CoLA) and set how it is implemented going forward. The signing was attended by President Nikos Christodoulides, who said that “a significant effort has been completed”. “A permanent agreement on CoLA has […]
Invest Cyprus and the Cyprus International Business Association (CIBA) have signed a Memorandum of Understanding aimed at boosting the island’s investment and business environment. Invest Cyprus Chairman Evgenios Evgeniou and CEO Marios Tannousis recently welcomed a CIBA delegation – including its President Vassilios Demetriades and General Manager Valentinos Steliou – for a “constructive meeting”, as […]
A place to reconnect with both yourself and nature, the Noospheric Resonator combines infinity and eternity By Christina Michailidis Between Limassol and Paphos, high above the quiet stretch of Avdimou Beach, three vast spiral labyrinths of stone lie open to the sea and sun. This is The Noospheric Resonator, a land art installation created by […]
Korantina Homes has become synonymous with architectural excellence, strategic vision and long-term value creation In recent years, Cyprus has emerged as a dynamic hub for investment, with transformative projects reshaping its economic and urban landscape. Among the companies leading this evolution is Korantina Homes, an innovative real estate developer that has become synonymous with architectural […]
A landmark of sustainability and innovation, this future-forward business hub sets a new benchmark for real estate in Cyprus Neocleous Tower, a groundbreaking commercial development in the heart of Limassol, is inviting corporations to experience the future of upscale workplace environments. Redefining the modern work lifestyle, the tower is raising the benchmark for sustainable real […]
Kyndryl Cyprus managing director Marios Kapiris recently assumed the role of president of the American Chamber of Commerce in Cyprus (AmCham Cyprus) for the 2026–2028 term, outlining an ambitious agenda to deepen economic and trade relations between Cyprus and the United States. “It is a great honour to step into the role of President of AmCham Cyprus for the 2026–2028 term,” Kapiris […]
The Famagusta regional tourism board (Etap) announced on Tuesday that the district is becoming the first tourist destination in Cyprus to feature an AI-powered (artificial intelligence) digital assistant. “The board, with the support of the Deputy Ministry of Tourism, is taking yet another step towards innovation by introducing an AI digital assistant for tourism,” Etap said. “It is an artificial intelligence […]
The value of property transfers in Cyprus reached almost €3.5 billion in the first nine months of 2025, according to the Real Estate Agent Registration Council. In a statement released on Tuesday, the council said the sector’s pace was evident in the period from January to September, as sales documents filed nationwide rose by 13 […]
On 11 November 2025, the Royal Government of Cambodia and the European Partners reviewed progress in implementation of the Joint European Strategy (JES) and the EU Global Gateway Strategy, reaffirming Team Europe’s commitment to joint cooperation and sustainable development in the country. On 11 November 2025, at the Council for the Development of Cambodia (CDC), […]
The Cyprus Marine and Maritime Institute has launched its first commercial spinout company to manufacture unmanned sea vessels with Cypriot technology for military and civilian applications. Nautonomy Ltd, established in September, will commercialise autonomous and smart maritime technologies developed by CMMI researchers. The company plans to produce sea drones—unmanned surface and underwater vessels—that can be used […]
With visitor numbers projected to rise steadily through the rest of the year, Koh Rong is solidifying its reputation as a vibrant global travel hotspot. Koh Rong Islands have witnessed remarkable tourism growth in recent years, emerging as one of Cambodia’s fastest-growing destinations, a statement issued by Cambodia Tourism Board (CTB) citing Koh Rong Municipality […]
Visitor rates at leisure centres across Cyprus surpassed 80 per cent in September and October, marking a strong start to the autumn season, according to the association of hospitality sector owners (Osika). Speaking to the Cyprus News Agency (CNA), president of the association, Neophytos Thrasyvoulou, said the past two months were “encouraging” for the catering […]
BlueMed cable strengthens Cyprus’ role as digital hub Telecommunications provider Cyta on Thursday announced the successful landing of the BlueMed submarine cable at its Yeroskipos landing station. This marks “another decisive step in strengthening the country’s international connectivity”, Cyta stated. The BlueMed project, developed by Italian telecommunications provider Sparkle in collaboration with Google and other global partners, forms part of a wider […]
Tourism revenue reached a historic record of €581.8 million in August 2025, pushing the January-August 2025 period to a record level of €2.47 billion. According to results from the Traveller Survey, published Thursday by the Statistical Service, tourism revenue in August 2025 reached €581.8 million, showing a 13.8% increase compared to the corresponding month of 2024 […]