Synopsis: Outward FDI is also a sign of increased competitiveness, as firms seek to expand their market share, access resources, and acquire new technologies in other countries. Cambodia’s cumulative Foreign Direct Investment (FDI) outflow stood at over $1.7 billion until last year, the World Investment Report 2025, published by the United Nations Conference on Trade […]
Revenue from tourism for the period January-May 2025 is estimated at €955.8m compared to €751.2m in the corresponding period of 2024, recording an impressive increase of 27.2%, according to data published by CySTAT. Based on the results of the Passengers Survey, in May, revenue from tourism reached €373.3m, recording an increase of 20.2% as compared to […]
The next couple of months will see crucial developments regarding the future commercialisation of the Kronos offshore gas field, the energy minister said on Thursday. George Papanastasiou said important talks were held in Nicosia last week between himself and Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources. Taking part in the talks were senior […]
The energy regulator on Thursday gave a provisional green light to the payment by Cyprus of €25 million to the project promoter for the Great Sea Interconnector, the planned subsea electricity cable linking the island to Greece. In a statement, the Cyprus Energy Regulatory Authority (Cera) said it has approved the payment of €25 million […]
Local wines can now be enjoyed with home-cooked dishes Letymbou village is famous for its vineyards, which inspired Theodoros to build his modern boutique winery found just outside the village, near his vineyards. He is the fourth generation to make wine, but the first who dared to promote it on a commercial basis. Established in […]
A good glass of local wine and a full moon sounds like the perfect pair. As long as the person serving it to you knows what makes good wine and Cascadeur in Lympia certain knows all about oenology. Though the popular bar is closing its doors in August, it is travelling to a few villages […]
Sepaga E.M.I. has announced a new partnership with Cellock Ltd and the launch of the 7 Seas E-Wallet, a mobile banking solution designed specifically for the shipping industry. The announcement marks a significant step in addressing common transactional challenges faced by shipping companies, seafarers and suppliers. The 7 Seas E-Wallet has been developed to enable […]
Keve and Oev call for active support from Cypriot businesses The Cyprus Chamber of Commerce and Industry (Keve) on Thursday issued a statement to clarify the origins and purpose of the “Minds in Cyprus” platform, following what it described as “misleading announcements” that surfaced yesterday. Keve explained that “the platform was created as a result of […]
Whether you are searching for your dream home at the best possible price or a high-yield investment in Cyprus’ most sought-after locations, the Life Realty Summer Collection is designed with you in mind. This first edition of our Summer Collection features 50 carefully-selected properties chosen by our experienced team. Each home is in excellent condition and priced extremely competitively, […]
Revenue from tourism in Cyprus for the first five months of the year is estimated at 955.8 million euros, compared to €751.2 million in the January-May period of 2024, recording an impressive increase of 27.2% year-on-year, according to data published by the Cyprus Statistical Service (CyStat) on Wednesday. Based on the results of the latest […]
Italian fashion house Roberto Cavalli has announced its first residential project in Europe, partnering with Cyprus-based Leptos Group on a €200 million luxury tower development in Limassol. The 30-storey Cavalli Tower at Limassol Blu Marine marks the designer brand’s debut in the Mediterranean luxury residential market and represents the first Cavalli-branded property development in Europe. Located […]
The Cyprus Chamber of Commerce & Industry (Keve) on Wednesday announced the launch of the co-financed Data ProTech project, designed to help Cyprus SMEs comply with AI and data protection regulations. The consortium agreement was signed by personal data protection commissioner Irene Loizidou-Nicolaidou, Keve secretary general Philokypros Rousounides, and the executive director of the University of Limassol […]
Italian fashion icon Roberto Cavalli is making its first move into Mediterranean real estate, unveiling a €200 million collaboration with Leptos Group to launch a 30-storey beachfront tower in downtown Limassol. Branded as ‘Cavalli by Limassol Blu Marine,’ the high-rise development will mark the first Cavalli-branded residential project not only in Cyprus but across the […]
Tourism revenue in Cyprus climbed to €373.3 million in May 2025, according to the latest results on Wednesday from the passengers survey conducted by the statistical service (Cystat). This marks a 20.2 per cent increase compared to May 2024, when it stood at €310.5 million. For the five-month period from January to May 2025, revenue from tourism is estimated at €955.8 million, a rise […]
Cyprus’ Cronos natural gas field is expected to be linked to Egypt’s gas infrastructure by 2027, according to a statement from Egypt’s Ministry of Petroleum & Mineral Resources. The statement was released after meetings in Cyprus attended by Karim Badawi, Egypt’s minister of petroleum and mineral resources, and George Papanastasiou, Cyprus’ minister of energy, commerce and industry, the Egyptian […]
The Republic of Cyprus will on Tuesday, 29 July, officially submit its interest in the ‘SAFE’ regulation to the competent committee of the European Union, Minister of Defence Vasilis Palmas has confirmed. On 30 November, the amount, needs, and programmes for Cyprus’ participation will be submitted in detail, while the Ministry of Defence will consult […]