Both apartment prices and rental costs in Cyprus increased during the fourth quarter of 2024, rising by 1.3 per cent and 1.5 per cent year-on-year, respectively, according to real estate analytics firm Ask Wire. In its latest report, the company explained that this latest increase in prices is a reflection of strong demand. A closer look at the firm’s fourth-quarter report reveals growth in specific segments, with annual sale […]
Cyprus Airways will launch direct flights between Larnaca and Venice from May 30 to September 29, 2025, with fares starting at €86 one way, the airline announced on Monday. The twice-weekly service, operating on Mondays and Fridays, adds to the carrier’s expanding Mediterranean network, which includes major European cities and Middle Eastern destinations. The new route […]
The Paphos Leisure Centre Owners Association (SIKAP) has secured significant labour agreements to increase the number of third-country nationals working in the hospitality sector, the organisation’s president and Paphos Deputy Mayor Angelos Onisiforou said. The association has successfully negotiated with the Ministry of Labour to increase the hiring quota for non-EU workers, with approval times expected to […]
A contract for works that will enhance the production capacity of the Asprokremmos refinery by an additional 10,000 cubic metres per day over a period of 12 months, has been signed by the Agriculture Ministry’s Water Development Department and the company Mekel Limited. According to an announcement by the Department, the contract for the ‘Supply, […]
A total of 12 investment projects, with a total capital of $135 million and the potential to create 7,000 jobs, are currently under review by the Council for the Development of Cambodian (CDC). A meeting to evaluate the projects and discuss their eligibility for official registration was held at the CDC headquarters on February 4. […]
Long-haul travelers are setting their sights on Europe in Winter and Spring 2025, but it’s not just the usual hotspots making waves. A new report reveals that Monaco, Luxembourg, Cyprus, Montenegro, San Marino, and Malta are among the top destinations attracting international visitors. These countries are capturing global interest thanks to their rich history, breathtaking landscapes, strong safety […]
The bond market in Cambodia commenced operations following the approval of Prakas No. 009/17 on the Public Offering of Debt Securities, dated August 17, 2017. In 2018, the International Finance Corporation (IFC), a member of the World Bank Group, supported the first-ever bond issuance in the Kingdom of Cambodia by investing $20 million in Cambodian […]
Non-profit social venture and think tank CyprusInno, powered by SocialTech Lab, has successfully concluded the 2024 Academy for Women Entrepreneurs (AWE) in Cyprus, according to an official announcement. Now in its second year of support from the US Embassy in Nicosia and, for the first time, backed by Chevron, the programme provided free training to […]
The National Bank of Greece (Cyprus) recently presented its activities in the Cypriot business environment during a conference held in Athens. In a speech delivered at the event, Marilena Sevastidou, Head of Corporate Banking, highlighted the “exceptionally positive momentum” currently characterising Greece-Cyprus bilateral relations. She explained that this “fosters a mutually beneficial growth environment” and […]
Cyprus’ cruise sector is set for a significant upturn, expecting a 30 per cent surge in ship arrivals this year, according to Deputy Shipping Minister Marina Hadjimanolis. In addition, 139 vessels are slated to dock at Limassol port, including 26 that will call it their home port, . Hadjimanolis marked the upcoming season’s kickoff with […]
Stunning hillside setting reflected in the glass For more than 40 years the Vouni Panayias winery has continually elevated winemaking in Panayia village, Paphos. The unforgettable landscape of undulating vineyards can be tasted in the wines. Vouni was once described by French sommeliers visiting the island as the Romanée-Conti of Cyprus, the name of the […]
Those who know and love the island share the spots that hold the most memories and magic Beyond Protaras lies a tiny harbour, faded boats bobbing in the waves. The surrounding cape curls north. But if you slip into the water and swim out – where the seabed shifts, and the turtles glide – you […]
The 15th Annual Capital Link Greek Shipping Forum will take place this Friday at the Athenaeum Intercontinental Athens hotel (89-93 Syngrou). Log on to capitallink.com for details. Shipping
Here are the top business stories in Cyprus from the week starting January 27: The Limassol Chamber of Commerce and Industry (Evel) has called for a comprehensive and environmentally conscious approach to the redevelopment of the Lady’s Mile area. It also underlined the need to align any development plans with the area’s unique characteristics and recent local government reforms. Specifically, in […]
Cambodia’s tourism sector earned $3.63 billion in 2024, up 17.8 percent from $3.08 billion a year earlier, according to a report from the Ministry of Tourism (MoT) released on January 31. The Kingdom received 6.7 million international tourists last year, up 22.9 percent from 5.45 million in the year before, read the report. Thailand was […]
Cambodia is hopeful that the Japanese government and private sector will encourage the Japanese airline ANA to re-launch direct flights. Renewed services are not only expected to boost tourism, but also enhance cooperation in commerce and attract more Japanese investment to the Kingdom. On January 27, Japanese ambassador to Cambodia Ueno Atsushi led a 120-strong […]