Cyprus is heading towards a double record in tourist arrivals and tourism revenues, according to a variety of statistics published by CySTAT, and so this perhaps the perfect time to consider how much visitors to the island are spending here. Based on the latest data announced, tourism revenues in the January-September period of 2024 increased […]
Invest Cyprus drives transformation with targeted incentives, partnerships and a vision for a tech-forward future What specific measures is Invest Cyprus currently taking to position Cyprus as a leading fintech hub? Our strategy for 2024-2026 focuses on three key areas: first establishing Cyprus as a leading International Business & Financial Center, second driving growth and […]
Government employment in Cyprus reached 55,243 people in November, according to the latest data from the state’s statistical service. This represents an increase compared to the average government workforce of 54,229 during the January–November 2024 period. That figure marked a rise of 1,698 employees, corresponding to an increase of 3.2 per cent, from the same timeframe in 2023. The increase was largely attributed to the growth of temporary staff within the educational service. This […]
The Bank of Cyprus on Wednesday announced that it has renewed its ‘Equality Employer’ certification, recognising its efforts to promote gender equality in the workplace. According to the announcement, the certification reflects the bank’s commitment to equal opportunities and fostering an inclusive environment. According to an announcement, the renewal was conducted by the Labour Ministry’s […]
Climate and competitiveness priorities for 2024-2029 discussed during meeting Cyprus was represented at the annual general assembly of the European Community Shipowners’ Association (ECSA) and the meeting of its board, held on December 10 in Brussels. Representatives of the Cypriot shipping industry participated in discussions aimed at securing the future of European shipping in an […]
Sun, sights, and seriously tasty food. The hidden gem in Cyprus you need to visit While other Mediterranean spots are starting to feel the chill of winter, Limassol is still basking in sunshine, making it the ideal place for a winter escape (or honestly, any time of year.) Cyprus’ second-largest city is just a quick […]
Cyprus will implement new European Parliament regulations for instant payments from 9 January 2025, enabling round-the-clock bank transfers within 10 seconds across Europe at minimal cost for retail and business customers. The Central Bank of Cyprus has published details of the implementation of EU Regulation 2024/886 (instant payments regulation) on its website. The new system will allow […]
Minister of Energy, Commerce and Industry George Papanastasiou said on Tuesday that in the coming days there will be news as regards the departure of the floating storage and regasification unit (FSRU) ‘Prometheus”‘ from Shanghai, China. “We expect in the coming days, perhaps even within the week, to hear about the departure” of Prometheus, the Minister said replying […]
Investors must ‘cut through the noise’ and focus on establishing a long-term strategy that aligns with their investment goals Short-termism has become a dominant feature of the investment landscape. Amid market volatility, geopolitical tensions and an overwhelming flow of news, staying focused on the bigger picture has become more challenging. The constant bombardment of news […]
The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming meeting on December 12. “This move will directly impact the monthly instalments of their clients’ loans,” the association said in a statement. The association pointed out that the ECB is set to […]
A relative newcomer to the island has enjoyed wandering off the beaten track. What did he find? By Nofar Ronen Most visitors associate Cyprus with its stunning beaches and luxurious resorts, but there’s so much more to the island. Having lived here for over 3.5 years, I’ve discovered hidden gems that many aren’t familiar with […]
The first Green Community of Kato Pyrgos has been presented by President Christodoulides during a full day visit in the area, accompanied by his Cabinet. During the 7 December visit he announced projects worth a total of €55 million for Tillyria and Polis Chrysochous areas and €50 million for the expansion of the port of […]
Setting goals, starting early and diversifying your portfolio Smart investing comes down to a few key principles that when linked to an individual’s financial goals ensures preparedness and peace of mind. With the rise of digitalisation and easy access to information, it’s easy to become overwhelmed about where you should start, what you should choose […]
Hybrid vehicles claim 36.9 per cent of new cars Motor vehicle registrations in Cyprus rose by 10.1 per cent from January to November 2024, with the growing popularity of electric and hybrid vehicles driving the market shift. According to the statistical service, electric car registrations increased to 4 per cent, while hybrids surged to 36.9 per cent, reflecting changing consumer preferences. […]
Limassol topped Cyprus’ property market from January to September 2024, leading in sales values for houses and apartments, according to a report from Nicosia-based firm Landbank Analytics. The report, which reviewed data from the Department of Lands and Surveys from January to September 2024, shed light on contracts of sales in Cyprus. In the Nicosia […]
Research and Innovation Foundation (RIF) director general Theodoros Loukaidis was recently presented with the Athenian Glaive award in Athens. According to an official announcement released on Monday, the RIF chief was given the award for his “instrumental role in positioning Cyprus as a leader in research and innovation”. The award was presented by Cyprus’ Ambassador […]