In the cutthroat world of travel, where the familiar tourist traps are slowly becoming overcrowded and overexposed, a new trend has emerged: the quest for offbeat travel experiences. China, Singapore, Japan, South Korea, Cambodia, Sri Lanka, Laos, Brunei, Indonesia, Hong Kong, and Taiwan are setting the stage for a revolution in the tourism industry by […]

Brunch a cut above the usual The name Campo de Fiori certainly evokes the delights of Italian cuisine. However, if you visit the restaurant so named in the old town of Paphos before 4pm you can experience a menu called World Breakfast and Brunch. Even so, owners have certainly drawn inspiration from Italy. The menu […]

The Paphos tourism promotion company (ETAP) has launched its road safety campaign for the fourth consecutive year. Titled “Let’s Share Our Roads Safely,” the campaign aims to educate both cyclists and drivers on how to coexist safely on the road. “This knowledge comes from the Highway Code and is approved by the Paphos police department,” said […]

Cambodia exported $4.41 billion worth of goods to the European Union (EU) last year, marking a 20.34 percent increase from $3.66 million recorded in 2023, according to a report from the Ministry of Commerce. The Kingdom’s imports from the EU fell by 3.3 percent to $917 million from $949 million in 2023, as stated in […]

Real GDP growth in Cyprus is estimated to have gained momentum in 2024, strengthening to 3.7%, according to the Economic Outlook of the Economics Research Centre (CypERC) of the University of Cyprus, which has revised it by 0.2%, compared to the October issue. Growth is expected to moderate but remain robust in 2025 and 2026, forecasted […]

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, […]

Tourism revenue showed a large increase of over €206 million or 7.1% for the period January – November 2024, far exceeding tourism revenue for the entire 2023. Revenue in the first 11 months of 2024 amounted to €3.12 billion, compared to €2.91 billion in the corresponding period of 2023. Tourism revenue for the entire 2023 had […]

Cyprus’s tourism revenue surged past 3 billion euros in the first 11 months of 2024, surpassing the entire previous year’s earnings and setting a new industry benchmark, the Statistical Service reported on Tuesday. Tourism revenue reached 3.12 billion euros between January and November 2024, marking a 7.1 percent increase compared to the same period in […]

President Christodoulides has emphasised that “serving the public interest determines all of our decisions” as he announced the government’s plans to modernise public works legislation and introduce a new electronic system to enhance transparency and efficiency in procedures. The statement came as he detailed the administration’s firm stance on terminating problematic contracts and addressing delays in […]

The Cyprus Securities and Exchange Commission (CySEC) on Thursday hosted the plenary meeting of the International Organisation of Securities Commission’s (IOSCO) European Regional Committee (ERC) in Nicosia. The ERC is one of four regional committees established by IOSCO to address regional issues related to securities regulation. The event attracted over 52 participants, with the ERC representing 57 member authorities. […]

CFA Society Cyprus and the Cyprus Compliance Association (CCA) have announced the signing of a memorandum of understanding (MoU). According to the announcement, this aims to “elevate transparency and professional standards in Cyprus’ financial markets“. The agreement, sealed by Andrea Moundi Savvides and Nikos Potamaris, presidents of the CCA and the CFA Society Cyprus respectively, was enacted before […]

Logistics and tech company BOX NOW, which has set new standards in last-mile delivery across Greece, is also rapidly expanding into Cyprus. With substantial backing from Emma Capital Group, BOX NOW has quickly carved out a strategic niche within Greece’s e-commerce sector, focusing particularly on enhancing last-mile delivery solutions. Following an investment exceeding €25 million, […]

Affordable cities are gaining momentum in real estate as shifting work trends and rising demand reshape the market landscape, according to Ask Wire CEO and co-founder Pavlos Loizou. In a piece of analysis released on Thursday, Loizou said that while traditional property powerhouses such as Athens, Thessaloniki, and Limassol continue to attract attention, smaller cities […]

Cambodia’s insurance industry reported a gross premium of $356.4 million in 2024, an increase of 3.5 percent from $344.2 million the previous year, according to a report by the Insurance Regulator of Cambodia (IRC) released on Wednesday. The growth was driven by 18 general insurers, 14 life insurers, seven micro-insurance companies, and one reinsurance firm. […]

The Cyprus Composite Leading Economic Index (CCLEI) recorded a year-over-year increase of 2.3% in December 2024, following the year-over-year increases of 2.2% and 2.0% recorded in November and October 2024, respectively. The CCLEI maintained its upward trajectory in December 2024, with the majority of its leading economic variables (namely, the Cyprus ESI, tourist arrivals, credit […]

The decision of the Halloumi Monitoring Committee to extend the 15% quota on mixed Halloumi until the end of February proves that it is fulfilling its mission to the fullest. One of its goals is to safeguard exports of PDO Halloumi, with the President of the Republic and the Minister of Agriculture upholding their commitment […]