Here are the top business stories in Cyprus from the week starting October 6: One of the government’s main goals, the qualitative and further strengthening of the Cypriot ship registry, has been achieved, president Nikos Christodoulides said on Sunday evening. Speaking at a dinner at the presidential palace marking the start of the Maritime Cyprus 2025 […]

The European Union stands ready to support the transformation of shipping into an industry with cleaner fuels, energy efficiency and innovation, European Commissioner for Fisheries and Oceans, Costas Kadis, has said. He was speaking at the Maritime Cyprus 2025 Conference in Limassol on 8 October.  This year’s theme, ‘Unlocking the future of shipping’, he said, aligns well with the […]

The Association of Cyprus Banks (ACB) on Thursday announced that Panicos Nicolaou, chief executive officer at the Bank of Cyprus, has been appointed as its new president following the most recent meeting of board of directors. Demetris Shacallis, chief financial officer at Eurobank, has been appointed vice-president. According to the association’s statutes, both the president and vice-president will serve […]

Cyprus President Nikos Christodoulides told businesses this week that their green transition is the route to improved competitiveness, and stressed that Nicosia supports investments that promote energy efficiency. Today, more than ever, Cypriot businesses are called upon to strengthen their role in the green transition, while remaining competitive, adopting responsible and sustainable practices that contribute […]

The Government is promoting the establishment and operation of a semi-governmental organisation, the Cyprus Enterprise Development Organisation, with the Ministry of Finance putting the relevant bill forward for pubic consultation until 19 October.  According to what is stated, in Greek, on the e-consultation platform, the Organisation’s mission is to strengthen state initiatives to improve access to financing […]

The European Tourism Strategy was discussed, among other things, by Deputy Minister of Tourism Kostas Koumis and European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas, in a meeting in Nicosia, according to an announcement by the Deputy Ministry. Koumis had a meeting 6 October at the Deputy Ministry of Tourism with the European Commissioner in […]

EU backs cleaner fuels and shipping innovation at Maritime Cyprus 2025 The European Union is ready to support the transformation of shipping into an industry focused on cleaner fuels, energy efficiency and innovation, European Commissioner for Fisheries and Oceans Costas Kadis, said on Wednesday. Kadis, who addressed the Maritime Cyprus 2025 conference in Limassol, highlighted Cyprus’ important […]

Young innovators praised as Stelios Awards mark record participation Entrepreneur and philanthropist Sir Stelios Haji-Ioannou awarded a total of €200,000 to three young Cypriot businesses during the 2025 Stelios Awards for Young Entrepreneurs, held at the Stelios Philanthropic Foundation headquarters in Nicosia. The awards, now in their third consecutive year, aim to recognise innovation and support the growth of youth entrepreneurship in Cyprus. The first […]

Deputy Tourism Minister Kostas Koumis met with European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas this week, in order to discuss the European tourism strategy currently under development. According to a statement by the Deputy Ministry, the meeting took place as part of the commissioner’s visit to Cyprus and focused on the sector’s importance […]

Cyprus and Qatar have signed a memorandum of understanding (MoU) to strengthen cooperation in maritime affairs. The memorandum covers areas such as education, infrastructure, environmental protection, as well as the green transition of shipping. The agreement was signed on Tuesday by Deputy Minister of Shipping Marina Hadjimanolis and Qatar’s Minister of Transport, Sheikh Mohammed bin Abdulla bin Mohammed Al Thani, on […]

Cyprus continues to grow as a reliable international shipping centre Cyprus’ shipping sector remains a cornerstone of the national economy, according to the president of the Cyprus Shipping Chamber (CSC) Andreas Neophytou. Neophytou’s comments were delivered during a reception hosted by the chamber on Sunday, ahead of the Maritime Cyprus 2025 international conference. An announcement from the chamber […]

Cyprus is set to take centre stage in shaping Europe’s future transport, shipping and tourism policies during its upcoming Presidency of the Council of the European Union, according to European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas. Addressing the Maritime Cyprus 2025 conference in Limassol, he said the Cypriot Presidency “will be decisive for Europe and for transport policy,” noting that as […]

Traditional Cyprus sheftalia, most commonly served in pitta with souvlakia to complete a mixed kebab has been named as the second best sausage dish in the world by Food Atlas. Putting English classics Toad in the Hole and Pigs in Blankets in the shade, the only dish judged more favourably by Food Atlas was the Greek dish Spetsofai. […]

The Cypriot state budget for 2026 is a growth budget and continues to maintain the resilience of the economy, Finance Minister Makis Keravnos said on Thursday as he presented the budget to the speaker of the House of Representatives, Annita Demetriou. The House speaker noted the importance of the budget having surplus and growth, and […]

The Cyprus Compliance Association (CCA) and the Cyprus Integrity Forum (CIF) have signed a Memorandum of Understanding aimed at promoting transparency, ethics and integrity in the Cyprus market, through the exchange of views, joint initiatives and educational activities. The Memorandum was signed by Andrea Moundi Savvides, Chairperson of CCA, and Elena Tanou, Vice President of CIF. With […]

The energy market in Cyprus entered a new era on 1 October, with the start of the commercial operation of the Competitive Electricity Market (CEM), in which, at the initial stage, 17 participants have joined. This is essentially the first step towards healthy competition in the energy market, since through the operation of the CEM, it is […]