Cyprus is on a path of progress, with a clear orientation and long-term planning, President Nikos Christodoulides has said. He was speaking at a 4 April working breakfast with senior executives from investment banks, investment funds and venture capital organisations in New York, which is the first organised event in the context of the Cyprus […]
The renovation of the historic Berengaria Hotel in Prodromos is sparking renewed investor interest in Cyprus’ mountain communities, with developers now turning their focus to Platres, Agros and Kakopetria. Speaking to newspaper Politis, the president of the Pasyxe Mountain Resorts Committee, Andreas Mandalas, said that the ongoing renovation of the landmark Berengaria Hotel has become a magnet for fresh investment, […]
Cyprus is emerging as a top international destination for business activities, professionals, and high-net-worth individuals. The Summit will provide a comprehensive overview of the Cypriot economy and investment landscape, focusing on Cyprus’ comparative advantages from various perspectives. The goal is to present Cyprus as an ideal destination for business establishment, professional relocation, and high-net-worth individual residency. The […]
President of the Republic, Nikos Christodoulides, has met with Jason Rekate, Head of Corporate Banking of Citi financial institution in New York, and had an extensive discussion on the services that it offers globally and the prospects of further and more multifaceted presence of its activities in Cyprus, Government Spokesman Konstantinos Letymbiotis has said. In a post […]
Cyprus’ Ministry of Energy, Commerce and Industry on Friday announced that it recently participated in the international maritime exhibition Sea Asia 2025 with an information booth. The initiative was carried out in collaboration with the Deputy Ministry of Shipping and the Cyprus Trade Centre in Beijing. According to an official announcement, the Cyprus booth at […]
Tourism revenue in Cyprus reached €69.2 million in January 2025, marking a substantial increase from the year before, according to a report released on Friday by the state statistical service. This represents a 53.1 per cent year-on-year rise when compared to January 2024, when the same figure stood at €45.2 million. The rise in income […]
A video of a mouflon giving birth in a forest went viral on Facebook on Thursday morning. Mouflons are usually hard to spot as they are not only shy but also move around fast on the forest slopes in the Troodos mountains and Paphos, particularly in the area of Tripylos, where they feed on oak, […]
The Cyprus apartment market has remained highly active, with nearly 10,000 transactions recorded in 2024, generating €2.3 billion in total value. But what does this mean for developers, investors, and agents? By analysing the latest data, we uncover key trends shaping the market, and highlight where opportunities lie. Apartments drive market activity Apartments continue to dominate Cyprus’ real-estate sector, […]
‘Cyprus already has highest tax-free threshold in the EU’ Finance Minister Makis Keravnos has ruled out the prospect of raising the tax-free income threshold beyond €20,500, signalling a firm stance as the government moves ahead with its new tax reform. As reported by Economy Today, Keravnos delivered a lecture on Cyprus’ new tax reform at the […]
AstroBank Public Company Limited on Thursday announced the appointment of Charis Kynigou as an executive bember of its board of directors, effective from March 31, 2025. The bank noted that the appointment follows approval by the Central Bank of Cyprus (CBC). According to the announcement, Kynigou has been with AstroBank since February 2015 and currently serves as the […]
The Paphos regional tourism board (Etap) announced on Thursday that it is boosting its promotional efforts in Poland as part of its 2025 action plan. According to the announcement, the board will participate in a series of workshops and presentations in three major Polish cities—Kraków, Poznań, and Warsaw. These events will take place from April 7 to 11, 2025. The […]
As Cyprus faces its third consecutive year of severe water scarcity, the government is exploring solutions to secure adequate water supplies for citizens and agriculture. Agriculture Minister Maria Panayiotou is in Abu Dhabi today to discuss potential cooperation with the United Arab Emirates’ National Energy Company (TAQA). The visit aims to investigate the possibility of […]
The Cyprus Composite Leading Economic Index (CCLEI), constructed and estimated by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-over-year (YoY) increase of 2.9% in February 2025. This shows it is continuing its upward trajectory, following year-over-year increases of 2.5% and 2% recorded in January 2025 and December 2024, respectively, according to the most recently […]
Cyprus’ tourism sector is entering 2025 with increased optimism, according to Deputy Minister of Tourism Kostas Koumis. Speaking in Paphos on 1 April, he highlighted that early indicators suggest the new year will have at least as good results as 2024—a landmark year for Cyprus, as the country surpassed 4 million tourist arrivals and €3 […]
The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical buffer (CCyB) rate unchanged at 1.5%, with effect as of 14 January 2026. In a press release, CBC notes that, in accordance with the provisions of the Macroprudential Oversight of Institutions Laws of 2015 to 2022, deemed appropriate to maintain the CCyB rate at 1.5%, which […]
Cyprus is making a bold push to attract American investment, with President Nikos Christodoulides leading a high-profile delegation to the United States. Over the next few days he will visit New York, Texas, and California, meeting with key business leaders, energy giants, and tech investors. The goal is to strengthen economic ties, boost foreign investment, […]