The Cyprus Chamber of Commerce and Industry (Keve), in collaboration with the embassy of Hungary in Cyprus, will host a business-to-business (B2B) event highlighting innovative Hungarian technologies in agriculture and industry. The event, titled “Hungarian Smart & Sustainable Solutions for Agriculture and Industry with Drone Live Presentation”, will take place on Wednesday, May 14, 2025 at 09:00 at […]
Bank of Cyprus Holdings Public Limited Company on Friday announced the repurchase of 295,526 of its own ordinary shares between April 25, 2025, and May 1, 2025. The shares, each with a nominal value of €0.10, were acquired on both the Cyprus Stock Exchange (CSE) and the Main Market of the Regulated Securities Market of the Athens Stock Exchange (ATHEX). The transactions were […]
Nicosia topped the charts in March with the most expensive property sale in Cyprus, a whopping 29.3-million-euro office transaction in the central district of Agioi Omologites, according to property data firm Ask Wire. In its latest report, the company revealed that the 10 most expensive property sales across the island in March reached a combined […]
Retail trade in Cyprus marked a notable growth in March 2025, with both the Turnover Value Index and the Turnover Volume Index increasing by 5.6% compared to the same month last year, according to Cystat. The Turnover Value Index for retail trade, excluding motor vehicles, rose to 128.4 points (base year 2021=100), while the Volume […]
Cyprus recorded a general government surplus of €580.6 million in the first quarter of 2025, according to preliminary data published by the Cyprus Statistical Service (Cystat) on Friday. The surplus represents 1.6 per cent of GDP and marks a slight increase from the €575.7 million surplus (1.7 per cent of GDP) recorded during the same period in 2024. Total government revenue for January to March […]
Cyprus recorded €92.7 million in high-value property transactions in March 2025, with Nicosia taking the lead thanks to a single €29.3 million office sale, according to real estate analytics firm Ask Wire. According to a report released on Friday, the 50 most valuable transactions nationwide marked a 43 per cent increase compared to February 2025, underlining a strong rebound in property market activity. […]
Nestled on the sun-drenched southwest coast of Cyprus, Paphos is a charming city that effortlessly blends history, nature, and Mediterranean flair. It’s a place where ancient ruins overlook sparkling seas and traditional tavernas buzz with the clinking of glasses and the smell of grilled halloumi. Whether you’re planning a cultural getaway, a beach escape, or […]
After months of setbacks and stalled progress, three of Cyprus’ biggest public works projects are getting a fresh start. The government plans to re-tender and relaunch work on the long-delayed Paphos-Poli road, the redevelopment of Larnaca port, and the expansion of Nicosia’s ringroad, all by end-2025. These major projects had hit roadblocks after issues with […]
Light foods with a German twist Strictly speaking, the definition of a restaurant is “a place where people pay to sit and eat meals that are cooked on the premises”. This review is slightly different in that it is a roadside establishment that, from the road, looks more like just a takeaway. The kitchen/bar area […]
After nearly 140 years of silence, archaeologists have rediscovered the Temple of Apollo at Frangissa, Cyprus, once thought lost to time, along with fragments of colossal statues and treasures. The site, hidden in a quiet valley south of the village of Pera Orinis near ancient Tamassos, has now re-emerged as a vital link to Cyprus’s religious […]
The average gross monthly earnings of employees in Cyprus rose by 5.3 per cent in 2024, reaching €2,487, according to provisional data released on Wednesday by the state statistical service. In terms of the fourth quarter of 2024 specifically, gross monthly earnings stood at €2,813, up from €2,680 in the same quarter of the previous year. This represents a 5 per cent year-on-year increase. When […]
The requirements which Cyprus must fulfil to be admitted to the Schengen zone have been outlined, with the island said to be five steps away from being able to join. Joining the Schengen zone will effectively abolish border checks between the Republic of Cyprus and 29 European countries, with air and maritime passenger transport to […]
Cambodia Monday took a major step forward in its climate and energy ambitions with the launch of a new project aimed at accelerating energy efficiency in the building sector. The Ministry of Mines and Energy (MME), together with the United Nations Capital Development Fund (UNCDF) and UNDP Cambodia, officially unveiled the ‘Accelerating Energy Efficiency in […]
How energy communities are an integral part of the renewable storage solution By Natasa Ioannou Cyprus is experiencing a critical juncture in its transition to renewable energy. While renewable energy generation continues to grow, recent curtailments – even among households with photovoltaic (PV) systems – highlight serious limitations in the island’s outdated grid and lack […]
Foreign investors have officially notified Cypriot authorities this week of plans to establish a new coastal ferry link between Cyprus and Lebanon, according to the announcement. The proposal, confirmed by information obtained by Philenews on Tuesday, sets out a passenger-only connection from the port of Larnaca to Jounieh, a coastal town just north of Beirut. Initial contacts […]
The Central Bank of Cyprus (CBC) will publish a revised directive on the prevention of money laundering and terrorist financing on May 2, according to an announcement released on Tuesday. The updated framework aims to strengthen compliance obligations for banks and other supervised entities. It will also help to ease procedures where feasible for citizens and businesses interacting with the financial system. The CBC stated […]