The electronic money institutions (EMIs) sector is experiencing rapid growth, driven by the increasing demand for digital transactions, according to Moneygate founder and CEO Nicolas Treppides. “As we step into 2025, the outlook for EMIs remains highly promising, though emerging challenges are shaping a dynamic and demanding landscape,” he explained. Treppides also commented on the […]
The Bank of Cyprus has made significant progress in implementing measures designed to alleviate financial pressures on its customers, particularly through reduced charges and lower interest rates. According to the bank, nearly all the commitments announced have been fulfilled, with additional initiatives underway. As of January 10, the bank has introduced a series of subsidies […]
Cyprus-based venture capital company 33EAST, supported by the European Investment Fund, has raised €26 million to launch its first venture capital fund, aiming to boost the island’s start-up ecosystem and foster innovation. The fund, launched in January, is backed by the Cypriot government through the ‘National Recovery and Resilience Plan’, the Bank of Cyprus, and […]
The European Banking Authority (EBA), in coordination with the European Systemic Risk Board, has released macroeconomic scenarios to assess the resilience of banks in Cyprus as part of the EU-wide 2025 stress test. The scenarios, which include baseline and adverse projections, aim to evaluate the financial sector’s ability to withstand negative economic and financial shocks while identifying systemic risks. […]
Minister of Agriculture, Rural Development, and Environment, Dr. Maria Panayiotou has expressed Cyprus’s support for the joint communiqué issued by the 17th Global Forum for Food and Agriculture (GFFA) held in Berlin. The conference was held by the Federal Ministry of Food and Agriculture of Germany, as part of the “Green Week.” According to a Ministry […]
In a ceremony held at Τhe Cyprus Institute (CyI) premises CyI and the Cyprus Academy of Sciences, Letters and Arts signed a memorandum of understanding aimed at promoting research, education and scientific excellence, so that Cyprus may become a regional center of reference in these key areas. In a press release, issued by CyI, it is noted […]
The Republic of Cyprus has issued a navigational warning (Navtex) regarding the commencement of drilling at the “Electra” target, in block 5 of the Cyprus Exclusive Economic Zone (EEZ). According to the Joint Rescue Coordination Center, JRCC, the Navtex is in effect from 19 January until 19 June, 2025, with the drillship VALARIS DS-9 conducting the […]
Government Spokesperson Konstantinos Letymbiotis described the completion of the audit and report by foreign experts on the upgrade of the ship ‘Prometheus’ as a critical step in the implementation of the Government’s strategy to reduce the cost of electricity. In statements on 21 January, the Spokesperson said that the inspection and report of foreign experts […]
Here’s an unbelievably delicious 5 minute halloumi recipe: pan fried golden, drizzled with honey and sprinkled with thyme. It’s a stellar combination of flavours – salty, sweet and earthy herb. Great starter, snack, or make a basic salad so much more interesting! Fried halloumi It’s impossible to resist devouring golden fried halloumi straight from the […]
Tourist arrivals broke the 4 mln mark last year, up from the previous record set in 2019, with the number of holidaymakers choosing Cyprus for their vacation rising by 5.1% to 4,040,200, from 3,845,652 the previous year. The island’s transport minister said last month that 2024 was set to see a record 12 mln passengers traveling through […]
I love eating salads but I despise the prep. So if I’m making a salad, it’s gotta be good. Case in point. This CRISPY RICE SALAD WITH HALLOUMI ticks all the boxes with hella textures and flavours — refreshing crunch of cabbage slaw and cucumber slices, viral crispy rice (more about that below), buttery-toasted almonds […]
This Halloumi Salad with Fresh Citrus and Chickpeas beautifully captures the refreshing winter citrus flavor and savory, salty halloumi cheese into an elegant salad plate. Drizzle over the citrus dressing made with blood orange juice, cilantro, and honey to brighten up the salad and your mood to fight the winter blues. This recipe is sponsored by Heinen’s. […]
NICOSIA – Cyprus tourist arrivals exceeded four million for the first time last year despite devastating wars in the nearby Middle East. Tourism Minister Costas Koumis called the figures a “historic achievement” with income expected to exceed three billion euros for the first time. But he warned that the island, which relies on tourism for […]
Cyprus is celebrating a record-breaking year for tourism, with 2024 marking the first time the island welcomed over 4 million visitors. A total of 4,040,200 tourists arrived last year, surpassing the previous record of 3,976,777, set in 2019. This represents a 5.1% increase from the 3.8 million arrivals in 2023, further solidifying tourism as the […]
Cyprus and its president Nikos Christodoulides have officially confirmed the news that towards 2026, the country will become a member of the Schengen area, which will have massive ramifications for its people and those across Europe. Speaking at a meeting of the European People’s Party in Berlin on Saturday, January 18, the president stated his […]
Cyprus issued a Navtex on Sunday in relation to the start of drilling at the ‘Electra’ field, in bloc 5 of the Cypriot exclusive economic zone (EEZ). According to the Joint Rescue Coordination Centre (JRCC), the Navtex came into force from January 19, until June 19, 2025 with the drillship VALARIS DS-9 conducting the operations. […]