The Harmonised Index of Consumer Prices rose by 0.4% between May 2024 and May 2025, according to data published by the Statistical Service. Between April 2025 and May 2025, the HICP went up by 0.2%. Comparing the period between January-May 2025 with the same period of 2024, the HICP recorded an increase of 1.8%. Compared to […]
The aim is for the positive trend of our economy and society to continue and become noticeable to citizens themselves, Minister of Labour and Social Insurance, Yiannis Panayiotou, has said. Speaking on 18 June, he noted that the average salary has increased by 13% over the last two years, approaching €2,500, the median wage has increased […]
The completed upgrade works at the Spyros Kyprianou Sports Center, which in a few months will host FIBA EuroBasket 2025, have been presented to officials, with Minister of Transport Alexis Vafeades speaking of a “landmark day” for sports and the city of Limassol. The attendees, accompanied by FIBA Eurobasket mascot Marky Mark, were on 18 June […]
The President of the Cyprus Chamber of Commerce and Industry (CCCI), Stavros Stavrou, perceives the strengthening of business and economic cooperation between Cyprus and India, in the wake of the visit of Indian Prime Minister Narendra Modi to Cyprus, as a great opportunity and a new chapter in the investment relations between the two countries. […]
Average salaries in Cyprus have risen by 13% over the past two years, reaching approximately 2,500 euros, Minister of Labor and Social Insurance Yiannis Panayiotou announced on Wednesday, citing recent Eurostat data. The median salary has also climbed nearly 11.5% to about €1,900, while the number of workers earning below €1,000 has dropped by 30%. […]
Central Bank of Cyprus (CBC) on Monday launched a new programme aimed at enhancing financial literacy among adults, with a strong focus on developing a network of trained educators across the country. The first two-day training session for trainers began at the CBC headquarters, forming part of a broader initiative to strengthen financial education through targeted […]
Symeon Winery seals the rising importance of Larnaca’s mountains Your next great bottle of wine might come from the under-the-radar region in Cyprus of mountainous Larnaca, or more specifically the Symeon winery. Larnaca’s mountainous region marries the old viticultural history of the island with the new, modern face of the winemaking industry. A wineries route […]
Cyprus is a place we think we all know. A majestic and mystical Mediterranean island blessed with the most beautiful sandy beaches and rolling hills. It has a reputation for being a safe and sunny destination that caters for all kinds of visitors. Mature couples enjoy calm winters away from the cold of Britain and chaotic […]
Drone Destination, a leading Indian drone technology company, will establish a European subsidiary in Cyprus, focusing on drone development, services, training, and sports. This initiative, announced during PM Modi’s visit, aims to create a comprehensive drone ecosystem across Europe. Cyprus is seen as a strategic gateway for Indian drone companies into Europe, the Middle East, […]
Tourists from the UK and Belgium have taken to social media to share their horror after their relaxing evenings by the pool were tarnished by the terrifying sight above them Holidaymakers have shared dramatic footage from their hotel balconies in Cyprus (stock)(Image: Ascent/PKS Media Inc. via Getty Images) Holidaymakers in Cyprus have experienced a chilling sight as their […]
Fintech giant acquires 200,000 sqm in landmark real estate deal with possible future plans The Bank of Cyprus has closed a major property deal with fintech firm Exness, selling land worth €75 million in Paphos, sources confirmed to Kathimerini Cyprus. The deal involves approximately 200,000 square meters of land, previously owned by the bank’s Real […]
Despite cancellations by Israelis who had arranged holidays in Cyprus during recent days, Larnaca hotels are now overbooked due to the arrival of significant numbers of foreign nationals seeking flights to return home. Information from competent sources indicates that since yesterday, occupancy rates at all hotel units in the city and tourist area have exceeded 95%. The remaining […]
The Limassol regional tourism board (Etal) this week inaugurated a new viewing in Pissouri, according to an official announcement. The board explained that the new viewing point, located in the Melanda area of the coastal village, has been designed to “offer a unique visual experience”, allowing visitors to “enjoy the vast blue of Pissouri bay and the enchanting natural […]
The Indian Prime Minister’s visit to Cyprus reaffirms India’s strategic vision for deepened engagement with Cyprus, the Mediterranean, and the European Union, and sets the stage for tangible advances in security, economic, technological, and diplomatic cooperation, the Indian High Commissioner to Cyprus, Shri Manish has said. Speaking to CNA, he noted that, in the near future, […]
Viraj Kulkarni, the Honorary Consul of Cyprus in Mumbai, is confident that India’s Prime Minister Narendra Modi’s visit to Cyprus will further boost the already thriving relations between the two countries and reveals a growing number of Indian companies have shown an interest in establishing a presence in Cyprus. In an exclusive interview with CBN, […]
Cyprus has further reinforced its system for preventing money laundering and combating terrorist financing, according to the follow-up report published on Wednesday by MONEYVAL, the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism. The report concluded that Cyprus has made progress to address technical compliance deficiencies related to […]