Minister of Energy, Commerce and Industry, George Papanastasiou participated in the informal meeting of the EU Ministerial Competitiveness Council that was held in Copenhagen on 18 July. Ministers exchanged views on ways to strengthen the competitiveness of the European Union which is called upon to respond to increasing pressures from international competitors, as well as the […]
Cyprus’ tourism continues its upward trajectory, breaking record after record, despite significant challenges, primarily due to geopolitical developments in the region. Although the situation in Israel remains fragile—as does the ceasefire—the neighbouring country continues to be a stable and significant pillar and partner for the tourism industry, remaining the second largest source market. At the […]
Wizz Air on Monday announced two new direct air services, linking its new hub in Warsaw, at Modlin Airport, with Athens and Paphos as of this December. The airline will start flying between Warsaw and Athens on December 1 every Monday, Wednesday, Friday and Sunday and link Paphos with the Polish capital as of December […]
The Central Bank of Cyprus has marginally revised down its economic growth forecast for 2025 to 3.1%, compared to the 3.2% projected in March, according to its July Economic Bulletin. Central Bank Governor Christodoulos Patsalides noted that the Cypriot economy continues to demonstrate remarkable resilience and dynamism despite international uncertainties. Economic growth reached 3.4% in 2024, […]
Service nears full bookings for 2025 The passenger and vehicle ferry route between Limassol and Piraeus is continuing to draw strong demand, with nearly full bookings reported for all scheduled sailings in 2025. According to figures published on Monday by Politis, a total of 7,719 passengers have already reserved seats for the 2025 season. Of these, 3,781 bookings were […]
Cyprus recorded a budget surplus of €619.1 million in the first quarter of 2025, according to preliminary fiscal data released on Monday by the Cyprus Statistical Service (Cystat). This marks an increase from the surplus of €575.70m reported during the same period in 2024. Total revenue rose by €231.20m or 6.8 per cent, reaching €3.64 billion in the January to March […]
CBC projects further debt drop to 57 per cent of GDP in 2025 The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the CBC revised its forecast for the country’s growth rate in 2025 to 3.1 per […]
Beijing, China – China confirmed that top leaders from the European Union will visit on Thursday for a summit, as the two major trading partners seek to smooth over a series of trade disputes. “As agreed between China and the EU, President of the European Council Antonio Costa and President of the European Commission Ursula von der […]
Here are the top business stories in Cyprus from the week starting July 14: The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (Admie) for the Great Sea Interconnector project, on account of the fact that the project is “frozen”, according to reports on Friday. News website Brief […]
By Michael Ierides, Secretary General of CYMEPA Shipping is undergoing a historic transition toward a cleaner, more sustainable future. Decarbonization of the sector is now a global priority—and Cyprus is not a passive observer but an active participant in this change. The METAVASEA project, funded by the Lloyd’s Register Foundation, aims to build a practical […]
Cyprus recorded 1.843 million tourist arrivals in the first six months of 2025, marking an 11.5% increase from 1.652 million in the corresponding period of 2024, according to data released by the Statistical Service. June arrivals reached 498,527, representing a 3.4% annual increase. The United Kingdom remained the top source market with 181,610 visitors accounting for 36.4% of […]
Wizz Air has announced the launch of direct flights from Paphos to Warsaw Modlin Airport, expanding its growing network in Cyprus. The new route will begin on 2 December 2025, timed for the festive season, allowing passengers to travel directly from Paphos to Poland’s capital region. Tickets are available for booking at wizzair.com and on the […]
A new beach is to be created in the heart of Limassol, the city’s mayor Yiannis Armeftis said on Friday. Speaking to newspaper Phileleftheros, he confirmed that the area, which is located between the shipyard and the city’s marina, west of the city’s centre in an area that was previously off-limits to the public, has already been […]
Cyprus’ working life expectancy has climbed to 39 years, placing the island well above the EU average of 37.2 years in 2024, according to Eurostat data released on Friday. The figure reflects the expected average duration of working life for people aged 15 and over. Eurostat reported that men in Cyprus are expected to spend 41.6 years in […]
Brussels, Belgium – The digital travel permit for foreigners to enter the European Union should cost 20 euros ($23), almost triple the original planned fee, under a proposal published Friday. The adjustment to the yet-to-be implemented ETIAS scheme for visa-exempt nationals comes as the European Commission seeks to boost its financial resources to fund an array of […]
The Larnaca tourism board (Etap), in collaboration with local authorities and with the support of the Deputy Ministry of Tourism, is pressing ahead with a series of targeted interventions to showcase the authentic character of Larnaca’s communities and enhance the region’s appeal. According to Etap, these initiatives form part of a wider action plan for the gradual aesthetic […]