President Nikos Christodoulides on Thursday said there was an urgent need to link education with the labour market, in order to equip Cyprus’ youth for the demands of the modern economy. Speaking at the opening of the 8th National Skills Competition in Nicosia, Christodoulides underlined the role of skills development in boosting individual potential and strengthening the nation’s economic […]
Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings. This represents a major step forward in the overall transaction process with CNP Assurances. According to the bank’s statement, the approval was granted during the commission’s session held on November 27, 2024. The announcement follows Hellenic Bank’s […]
Ancient Cypriot writing was found on a wall dating from the 6th century BC at an archeological dig in Palaepaphos, the department of antiquities said on Wednesday. “The findings that will be revealed from the study of the inscription are awaited with particular interest,” it said of the discovery in the Kouklia-Martsello area. The 2024 […]
Paphos has secured a silver medal in the 2024-2026 Top 100 Green Destinations global rankings, a recognition for coastal quality excellence. The city earned its place after a reassessment by international independent tourism sustainability experts, who evaluated the destination’s commitment to sustainable practices and strategic priorities. The award recognised Paphos’s pristine beaches and the rare […]
Cyprus and Greece must focus on sustainability to enhance their tourism offerings, according to Deputy Tourism Minister Kostas Koumis. Speaking at the 2nd Cyprus-Greece Business Forum on Wednesday, Koumis underlined the importance of tourism for both countries, saying that their natural beauty is a cornerstone of their appeal. “The tourism sector is a major pillar for both economies,” Koumis said. […]
Energy infrastructure company VTTI celebrated ten years of operations in Cyprus, marking a decade as a key player in the Eastern Mediterranean energy market. The milestone was highlighted in an announcement emphasising the company’s commitment to growth and sustainable energy practices. Thanos Patrikis, vice president for the Mediterranean region and Managing Director of VTTI Cyprus, […]
The board of the World Federation of Tourist Guide Associations (WFTGA), led by its president, Sebastian Frankenberger, is currently in Cyprus to advance international training programmes and discuss industry developments. The WFTGA board met with Deputy Minister of Tourism Kostas Koumis on Monday, accompanied by representatives from the Cyprus Tourist Guides Association. The meeting coincided […]
Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories. However, the agency mentioned that Cyprus continues to stand out with a positive outlook. Commenting on the report, government spokesman Konstantinos Letymbiotis said that this “is an irrefutable vote of confidence in the Cypriot economy, the government’s […]
Cyprus is expected to record the third highest growth rate in the Eurozone with 3.8 per cent for 2024, while unemployment, inflation and public debt continue their downward trend. Addressing the second Cyprus-Greece business forum in Nicosia with Greek Prime Minister Kyriakos Mitsotakis, Christodoulides said the two countries, having left behind many years of challenges, […]
By Yiannis Hadjigeorgiou Dina Keravnou, the first female driving instructor in Cyprus – and indeed the entire Middle East – passed away on Saturday. A trailblazer for women’s rights on the island and recognised for her contributions to society, this is her fascinating life story, as she shared it with us two years ago, along […]
Cyprus, the Jewel of the Mediterranean, gets millions of visitors every year with its beaches, landmarks and villages. Tourism is a big part of the island’s economy so we need to keep the beauty and cleanliness that brings visitors from all over the world. One often overlooked aspect of keeping all this is proper waste […]
A successful Presidency is top priority, Deputy Minister for European Affairs of the Republic of Cyprus, Marilena Raouna, has said, addressing the beginning of training sessions for the preparation of the public service in view of the Cyprus Presidency of the Council of the EU in 2026. The training sessions are organised by the Cyprus Academy […]
The Secretariat of the Cyprus Presidency of the Council of the EU 2026 was established following the appointment of the Deputy Minister for European Affairs, Ms Marilena Raouna, on 17 January 2024. Under the political supervision of the Deputy Minister, the Secretariat is responsible for the preparation of the Presidency of the Council of the […]
Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. These investments have created 1,200 new jobs across various sectors, highlighting Cyprus as an attractive destination for global businesses. Notably, companies from outside the European Union are increasingly using Cyprus […]
The Cyprus ship registry has recorded a 14% increase since September 2023, Deputy Minister of Shipping, Marina Hadjimanolis has revealed. She was speaking during the 25 November discussion of the Deputy Ministry’s budget for 2025 at the Finance Committee of the House of Representatives. Hadjimanolis also noted that the Deputy Ministry’s revenue increased by 10% […]
Eurobank is set to raise its stake in Hellenic Bank to 93.47 per cent following agreements to acquire shares from Demetra Holdings Plc and Logicom Services Limited. The bank announced on Monday that it has signed share purchase agreements with Demetra and Logicom, under which it will acquire 24.66 per cent of Hellenic Bank’s shares, […]