Bank of Cyprus named best bank in Cyprus

Bank of Cyprus named best bank in Cyprus

Euromoney, a leading international magazine specialising in banking, finance, and financial markets, has awarded the Bank of Cyprus the title of the best bank in Cyprus for 2024. This marks the ninth occasion that the bank has received this accolade from Euromoney. In a statement, the bank said that the award, which assessed its performance […]

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Digital strategy aims to keep Paphos at the forefront of smart tourism

Digital strategy aims to keep Paphos at the forefront of smart tourism

Paphos’ Regional Tourism Board (Etap) said that it is currently developing a digital strategy for the entire Paphos district, along with action plans for the years 2025-2027. “Through this study, Etap Paphos aims to assess the digital competence of the destination and chart a course to remain at the forefront of digitalisation and the use of technological tools through a well-structured strategy”, […]

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Larnaca among top summer destinations from Heathrow

Larnaca among top summer destinations from Heathrow

Larnaca was one of the most popular destinations for travellers flying from London’s Heathrow airport in July, according to an announcement released on Monday. “Venice and Larnaca proved popular destinations for those jetting off for some summer sun, as Doha and Dublin joined Dubai and JFK as the latest routes with one million passengers travelling to and from Heathrow this year,” […]

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Cyprus Business Now: weekly wrap-up

Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting August 5: The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. The CBC governor also said that “geopolitical developments, climate change, and […]

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Increase in airport passenger traffic compared to last year

Increase in airport passenger traffic compared to last year

According to the Ministry of Transport, Communications, and Works, the passenger traffic at Larnaca and Paphos airports experienced a year-on-year increase of 1.45% in July 2024, totalling 1,496,715 travellers. The primary markets contributing to this growth were the United Kingdom, Greece, Poland, Israel, and Germany. The Ministry also reported that the period between January and July […]

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UCY launches energy storage project for electric vehicle charging stations

UCY launches energy storage project for electric vehicle charging stations

The University of Cyprus has launched a new project in partnership with Cyprus Public Transport aimed at developing a next-generation energy management solution for renewable-powered and battery-integrated electric vehicle charging stations. According to a UCy press release, the project is entitled “EMS4PVBEV”, an acronym for “Advanced AI-Driven Energy Management System for Photovoltaic-Powered and Battery Integrated […]

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Hellenic Bank reinforces commitment to sustainability with 2023 ESG report

Hellenic Bank reinforces commitment to sustainability with 2023 ESG report

Hellenic Bank on Friday reaffirmed its commitment to sustainability through a number of actions and initiatives outlined in its 2023 sustainability report. The report provides an in-depth look at the bank’s environmental, social, and governance (ESG) strategy. which, the bank said has become a key pillar of its overall operations. “The report confirms Hellenic Bank’s […]

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