Cyprus’ potential as a prime investment destination received a boost with last week’s inauguration of two major manufacturing facilities, the Olympus dairy plant in Nicosia and the Kassatly beverage factory in Limassol. The Cyprus Chamber of Commerce and Industry (Keve) regards these new industrial units as central in enhancing the country’s economic resilience and competitiveness. […]
President Nikos Christodoulides and British Prime Minister Keir Starmer are on the “same page” regarding the solution of the Cyprus problem, that there cannot be a solution outside the agreed framework. The Cyprus problem was discussed at 10, Downing street on Monday, just hours before Christodoulides attends an informal dinner in New York with UN […]
The agreement was reached during the talks between Prime Minister Hun Manet and Prime Minister of Canada Justin Trudeau on the margins of the 44th and 45th ASEAN Summits and Related Summits in Vientiane on October 10. During the meeting, Trudeau informed Mr Hun Manet that Canada will re-open its embassy in Phnom Penh city […]
Recently, COASTAL CITY DEVELOPMENT GROUP has newly upgraded Cambodia Dara Sakor -Stardream Lake area and will plunge 200 hectares of land into sale in the coming year. Behind this series of land deals is part of a new upgrade program for Cambodia Dara Sakor -Stardream Lake area and an important project for economic investment between […]
Cyprus has officially launched its Sustainable Urban Mobility Plans (SUMP) for Limassol and Larnaca, taking a significant step in the transition towards greener, more accessible cities. Funded through the EU Recovery and Resilience Facility, the initiative aims to reduce traffic congestion, enhance public transport and promote eco-friendly alternatives such as cycling and walking. The plans […]
More than 2,000 plants were handed out to members of the public at Larnaca airport on Saturday morning. The plants were handed out as part of the airport’s holding company Hermes airports’ ‘Green Lemonade’ project and included a selection of fruit trees and ornamental and aromatic plants. The handing out of plants is one branch of […]
Cyprus’ first natural gas extraction will most likely be from the Kronos reservoir in block 6, which may be in 2027, Energy Minister George Papanastasiou said in an interview to Kathimerini published on Sunday. He also shared that in early 2025, ExxonMobil will begin drilling an exploratory well in the Electra site in Block 5 and a well in […]
Prime Minister Kyriakos Mitsotakis addressed developments in the Middle East, European competitiveness, immigration, regional issues, and the Cyprus problem during joint statements with the leaders of the MED9 at the Summit in Paphos. Key focus areas of the 11th MED9 Summit: Cyprus, Regional Stability, and International Relations The Euro-Mediterranean Summit took place amid concerns over […]
‘They’re building a highway through Akamas while your yiayia waits for her bus in the rain!’ There’s just one functioning method of public transport on the island of Cyprus. But those of us with vehicles of our own rarely use it. Why would we, when we can go anywhere we want at any time we want in […]
The 3rd annual event of the Recovery and Resilience Plan for Cyprus is scheduled to be held on Tuesday, 15 October with the aim of unveiling progress on the local health sector. The event is being organised by the General Directorate for Development of the Ministry of Finance and the Representation of the European Commission […]
Some 400 women in shipping from 40 different countries are participating in the 50th Anniversary World Congress of the Women’s International Shipping and Trade Association (WISTA International), which started on Thursday in Limassol. The Secretary General of the International Maritime Organisation (IMO), Arsenio Dominguez, in his opening address to the Conference expressed his satisfaction that […]
The Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has called on banks to weigh both social considerations and the need to bolster the competitiveness of the economy in their pricing strategies. Warning against neglecting these factors, he suggested that failure could damage the sector’s reputation. Speaking with the Cyprus News Agency, and ahead […]
Labour Minister Yannis Panayiotou on Thursday spoke about the importance of digital and green skills in supporting Cyprus’ economic growth at a meeting of the Human Resources Development Authority’s (Anad) new board. The meeting, attended by Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou and Environment Commissioner Antonia Theodosiou, focused on Cyprus’ policy […]
Cyprus’ trade deficit reached €4.98 billion in the January-August period, down 18.5 per cent compared to €6.12 billion in the same timeframe last year, according to a report by the Cyprus Statistical Service (Cystat). This improvement reflects a 15.5 per cent reduction in total imports, which amounted to €7.58 billion in the first eight months […]
By Rita Beyrouthy As the financial landscape evolves, with technology and digital finance shaping how investors access markets, it is important to focus on how these innovations can empower and protect investors while ensuring that markets remain fair and efficient. In the context of World Investor Week (WIW) 2024, this focus becomes increasingly relevant. In […]
Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has told banks to take into account both the social aspect and the enhancement of the competitiveness of the economy when formulating their pricing policy. Failure to do so, he warned, could harm their image and put at risk the reputation of the banking sector. […]