After nearly 140 years of silence, archaeologists have rediscovered the Temple of Apollo at Frangissa, Cyprus, once thought lost to time, along with fragments of colossal statues and treasures. The site, hidden in a quiet valley south of the village of Pera Orinis near ancient Tamassos, has now re-emerged as a vital link to Cyprus’s religious […]
The average gross monthly earnings of employees in Cyprus rose by 5.3 per cent in 2024, reaching €2,487, according to provisional data released on Wednesday by the state statistical service. In terms of the fourth quarter of 2024 specifically, gross monthly earnings stood at €2,813, up from €2,680 in the same quarter of the previous year. This represents a 5 per cent year-on-year increase. When […]
The requirements which Cyprus must fulfil to be admitted to the Schengen zone have been outlined, with the island said to be five steps away from being able to join. Joining the Schengen zone will effectively abolish border checks between the Republic of Cyprus and 29 European countries, with air and maritime passenger transport to […]
Cambodia Monday took a major step forward in its climate and energy ambitions with the launch of a new project aimed at accelerating energy efficiency in the building sector. The Ministry of Mines and Energy (MME), together with the United Nations Capital Development Fund (UNCDF) and UNDP Cambodia, officially unveiled the ‘Accelerating Energy Efficiency in […]
How energy communities are an integral part of the renewable storage solution By Natasa Ioannou Cyprus is experiencing a critical juncture in its transition to renewable energy. While renewable energy generation continues to grow, recent curtailments – even among households with photovoltaic (PV) systems – highlight serious limitations in the island’s outdated grid and lack […]
Foreign investors have officially notified Cypriot authorities this week of plans to establish a new coastal ferry link between Cyprus and Lebanon, according to the announcement. The proposal, confirmed by information obtained by Philenews on Tuesday, sets out a passenger-only connection from the port of Larnaca to Jounieh, a coastal town just north of Beirut. Initial contacts […]
The Central Bank of Cyprus (CBC) will publish a revised directive on the prevention of money laundering and terrorist financing on May 2, according to an announcement released on Tuesday. The updated framework aims to strengthen compliance obligations for banks and other supervised entities. It will also help to ease procedures where feasible for citizens and businesses interacting with the financial system. The CBC stated […]
Tourism revenues in Cyprus reached €79.7 million in February 2025, marking an increase of 22.4 per cent compared with the same month last year (€65.1 million), according to an announcement issued by the statistical service this Tuesday. Moreover, for the first two months of the year, revenues rose by 35 per cent, with total earnings estimated at €148.9 million, compared with €110.3 […]
Salamis Tours (Holdings) Public Ltd on Tuesday posted a robust financial performance for 2024, marked by double-digit revenue and profit growth across its business units, while also undergoing a major change in ownership structure. The company’s consolidated financial statements, approved by the board and audited by Ernst & Young Cyprus Ltd, show a profitable year, driven largely by maritime operations […]
The potential accession of Cyprus to the Schengen Zone can act as a powerful growth driver, as Stelios Demetriou, Partner and Head of Strategy and Transactions at EY Cyprus, explains. In an interview with InBusinessNews, he also notes that such a development can mark a decisive step towards the country’s European integration and send positive […]
The Cyprus Securities and Exchange Commission (CySEC) has announced the launch of a public tender for the provision of ‘Crypto-Asset Market Intelligence and Blockchain Analysis Service Solutions‘. The tender seeks a specialised provider capable of delivering instant and ongoing access for three users to a blockchain data platform through a Software-as-a-Service (SaaS) solution. It also requires immediate customised training, continuous live support, and access to […]
Bank of Cyprus Holdings Public Limited Company announced on Monday that it will release its financial results for the quarter ended March 31, 2025 on Monday, May 12. The announcement will be made before the opening of trading on the Athens Exchange and the Cyprus Stock Exchange. The disclosure will offer investors and stakeholders insight into the […]
The Cyprus Composite Leading Economic Index (CCLEI), compiled and assessed by the University of Cyprus’ Economics Research Centre (CypERC), continued its upward trend in March 2025. However, the annual growth rate of the index slowed to 1.7 per cent, compared to 2.3 per cent in February of the same year. According to the CypERC, “the slowdown in the annual growth rate […]
Cyprus_iT celebrates 8 years of supporting the local tech landscape Cyprus_iT, a prominent digital ecosystem, marked its 8th anniversary this month, according to an announcement by its founder Oleg Reshetnikov. Created in Cyprus, the platform has played a crucial role in transforming the island into a thriving hub for IT professionals, expats, and digital entrepreneurs. […]
Vice-President at the European Investment Bank Kyriacos Kakouris has described an investment plan meeting with representatives of the Electricity Authority of Cyprus (EAC) as “productive” and reiterated EIB’s support of the island’s increased sustainability. More specifically, in a LinkedIn post, Kakouris said the meeting was held to discuss the EAC’s investment plan for grid modernisation, […]
The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the Cyprus Real Estate Agents Registration Council. In its report, the council noted that Paphos is currently enjoying strong interest from international buyers, while Limassol […]