Foreign firms flock to Cyprus

Foreign firms flock to Cyprus

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 […]

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Cyprus ship registry records 14% increase in 2024, Deputy Minister of Shipping reveals

Cyprus ship registry records 14% increase in 2024, Deputy Minister of Shipping reveals

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% […]

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Cyprus promotes products at China expo

Cyprus promotes products at China expo

Cyprus showcased a range of traditional products at the 7th China International Import Expo in Shanghai, offering free samples of juices, wine, commandaria, zivania, and halloumi. The event, held from November 5-10, 2024, served as an excellent opportunity to enhance Cyprus’ trade relations with China and other nations. The Cypriot booth, managed by the Cypriot […]

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Cyprus anticipating record arrivals by end of 2024, Deputy Minister of Tourism says

Cyprus anticipating record arrivals by end of 2024, Deputy Minister of Tourism says

Arrivals in 2024 are likely to exceed those of 2019, a record year, estimates Deputy Minister of Tourism, Kostas Koumis, who addressed the Parliamentary Finance Committee, during the examination of the Deputy Ministry’s budget. Specifically, he noted that arrivals for the period January-October are up 4.6% compared to the same period of 2023, while they are […]

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Cyprus property market reaches €2 billion in transactions by mid-2024

Cyprus property market reaches €2 billion in transactions by mid-2024

Cyprus’ real estate market remains robust, with transactions reaching €2 billion by mid-2024, despite ongoing global uncertainty, according to a report released on Monday by Delfi Partners & Company. “Supported by strong domestic activity and stabilising inflation, the market continues to demonstrate adaptability while addressing broader challenges,” the company said. Moreover, the company noted that data on […]

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Cyprus’ financial literacy strategy on track, says CyFLEC

Cyprus’ financial literacy strategy on track, says CyFLEC

The Cyprus Financial Literacy and Education Committee (CyFLEC) has marked substantial advancements in the implementation of the national strategy for financial literacy, according to an announcement released on Monday. The announcement mentioned that this latest progress update was provided following the committee’s fourth board meeting, which took place on November 22, at the Central Bank of Cyprus (CBC) headquarters […]

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