Asia’s tourism industry is entering a transformative phase in 2025, with nations like China, Singapore, Indonesia, Thailand, Laos, Vietnam, Cambodia, and Sri Lanka leading the charge. With strategic initiatives that highlight cultural heritage, eco-tourism, and sustainable practices, these countries are shaping the future of global travel and tourism. China: The Gateway to Asia China remains […]

By Marios Clerides Cyprus has gone through a series of crises in recent years, after the government started to lose access to international money markets around 2012. This was followed by the banking crisis in 2013, with the closure of one systemic bank and a haircut on deposits in another, and later in 2018, the […]

Cyprus’ ten most expensive property sales during November reached a total value of €24 million, according to real estate analytics firm Ask Wire. The highest-value sale occurred in Limassol, involving offices in the Neapolis area, priced at €4.1 million. The company’s findings for the month in question also revealed a slowdown in high-value property transactions […]

Here are the top business stories in Cyprus from the week starting December 30 The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will come into effect on January 9, 2025 and cover all […]

The Electricity Authority of Cyprus (EAC) has simplified the charging process for electric vehicles at its 32 public charging stations across the country. Users can now charge their electric vehicles with direct card payment, eliminating the previous requirement for an e-charge service subscription. EV owners can download a mobile application, available on both Android and iOS devices, which allows them to locate charging […]

The woman turning Brussels sprouts, and other things, into spoon sweets It’s green and crunchy and most people either love it or hate it. There are dozens of recipes cooking Brussels sprouts – which come into their own during the festive season – in the oven, with cheese flakes or a honey glaze but what […]

CNN —  The past year has seen the opening of the world’s second-tallest skyscraper, the reopening of Notre Dame Cathedral and the announcement of countless futuristic urban mega-projects. Yet, the architecture world has, increasingly, recognized the value of altogether humbler pursuits. In March, the industry’s most prestigious accolade, the Pritzker Prize, was unexpectedly awarded to Japanese housing […]

The Techo International Airport in Phnom Penh, the capital of the Kingdom of Cambodia, stands out among the 11 architectural projects set to shape the world in 2025, according to the Cable News Network (CNN). Cambodia is replacing its capital, Phnom Penh’s international airport, with one capable of handling six times as many visitors. The […]

Cambodia reported a 48 percent increase in the number of Chinese tourists to the UNESCO-listed Angkor Archaeological Park in 2024; an official report showed on Saturday. Located in northwest Siem Reap province, the ancient site welcomed 82,675 Chinese visitors last year, up 48 percent from 55,689 the year before, according to the state-owned Angkor Enterprise’s […]

The Cabinet has decided to increase the basic part of the Social Insurance Fund’s pensions by 5.94%. In statements after the end of the 3 December meeting, the Minister of Labour, Yiannis Panayiotou, stated that “following a Cabinet in accordance with the provisions of the Legislation, the pensions of the Social Insurance Fund will increase […]

Industrial turnover in Cyprus increased by 1 per cent in October 2024 compared to the same month in 2023, according to the Cyprus Statistical Service (Cystat). In its latest industrial turnover report, released on Friday, Cystat also reported that there was a 2.1 per cent rise recorded during the first ten months of 2024. Moreover, […]

The government approved a 5.94% increase in basic pensions, President Christodoulides announced Friday. The cabinet met today to discuss several key measures, including a nearly 6 per cent increase in basic pensions, the establishment of an artists’ registry, mandatory mediation for disputes up to €10,000, strengthening the government’s advisory council, and modifications to the Rent-versus-Installment and Amalthea schemes. […]

The mixed community of Pyla iσ experiencing unprecedented growth due to surging property demand despite its unique administrative status. Community Council President Simos Mytides told Phileleftheros that “Pyla currently has one of the highest development rates across Cyprus”. He revealed that more than 1,000 residential units are under construction, with permits pending for an equal […]

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday released a statement congratulating Thomas Kazakos, the director general of the Cyprus Shipping Chamber (CSC), on his appointment as secretary-general of the International Chamber of Shipping (ICS). The appointment was originally announced on December 18, 2024, with Kazakos’ term coming into effect on April 1, 2025. “Kazakos’ appointment to this prestigious position […]

Cyprus’s business landscape underwent significant transformation in 2024, marked by major acquisitions across banking, insurance, healthcare, retail, and energy sectors, totalling over €1.5 billion in deals. In the banking sector, Eurobank completed its largest acquisition in Cyprus, securing a 93.47% stake in Hellenic Bank for over €1 billion. The Greek group paid a premium price of […]

Consulting and advisory firm PwC Cyprus on Thursday announced that it has published its new tax guide for 2025. “The guide serves as an important source of information on all tax-related matters in Cyprus and is available as of January 1, 2025, on the organisation’s website only in English,” the company said. The announcement also noted that this marks the 33rd […]