The Cyprus Stock Exchange (CSE) has announced the acceptance of the listing of 16,000 13-week Treasury Bills, 3rd issue, Series 2024 (31/05/2024 – 30/08/2024), with a nominal value of €1,000 each, amounting to a total value of €16,000,000. According to the announcement, these bills were issued following an auction held on May 27, 2024. The […]
Royal Jordanian Airlines this week announced that it will operate eight flights per week from Paphos airport to Jordan during the summer season. “From June 13 to September 13, Royal Jordanian will conduct eight weekly flights, providing easy access to Jordan’s rich heritage and stunning natural landscapes,” the airline said. Karim Makhlouf, Chief Commercial Officer […]
Cypriot real estate firm FOX Estate Agency this week announced its official partnership with IQI Global, a leading real estate network and member of the Juwai IQI group. According to the announcement, this strategic collaboration “marks a promising chapter for FOX as it teams up with a global leader in the real estate industry“. Moreover, the […]
Economic sentiment in Cyprus improved in May 2024, with the Economic Sentiment Indicator increasing by 1.6 points compared with April. According to the Economics Research Centre of the University of Cyprus (CypERC), the increase was mainly driven by stronger business confidence in services. The increase in the Services Confidence Indicator was attributed to firms’ improved […]
The increased expectations of the Government and the great importance it attached to the visit of the Emir of Qatar, Tamim bin Hamad Al Thani, were confirmed in the clearest way during his meeting with the President of the Republic, Nikos Christodoulides. According to InBusinessNews sources, during both the private meeting and the extended talks […]
Industrial Production in Cyprus rose by an annual 3.4% in March, marking annual gains for the eleventh consecutive month. According to data published Cystat, the Industrial Production Index in March reached 107.8 units (base 2021=100). For the period January – March 2024, the index recorded an increase of 4.8% compared to the corresponding period of […]
Official data from Cypriot and Polish authorities confirms Paphos as the most popular Cypriot destination for Polish tourists. Polish tourist arrivals in Cyprus surged 45% in 2023 compared to 2022, exceeding 273,500 visitors. Notably, Paphos captured nearly half (49%) of all Polish tourists visiting Cyprus. Unprecedented air connectivity between Paphos and Poland bolsters this trend. […]
The Council for the Development of Cambodia (CDC) has approved four new industrial investment projects worth USD $25 million which are expected to create over 1,200 jobs in the Kingdom’s Southwest. These new projects located in Kampong Speu province and the surrounding regions cover a diverse range of manufacturing activities, including medical equipment, light bulbs, […]
Invest Cyprus, the state agency dedicated to promoting Cyprus as an international investment destination, on Tuesday announced that it took part in the prestigious technology event Viva Technology held in Paris from May 22 to 25, allowing it to showcase the island’s credentials as a technology and business centre. Viva Technology is a leading event in […]
Tototheo Maritime, a group of companies offering a range of services in the field of maritime satellite communication technologies, on Wednesday announced its strategic rebranding to Tototheo Global. “This significant milestone marks Tototheo’s evolution to a global leader in technology solutions,” the announcement said, noting that “Tototheo Global is now set to deliver comprehensive, innovative […]
The Cyprus Shipping Chamber (CSC) this week expressed its approval of the recent call by EU Member States for a comprehensive European Maritime Industrial Strategy aimed at bolstering the competitiveness of the maritime sector. It should be noted that this call was formally adopted through an EU Council Conclusion on Friday, May 24. In a […]
The Cyprus Research and Innovation Foundation (RIF) on Wednesday announced three new national funding programmes aimed at enhancing research excellence and increasing participation and success in the European Research Council (ERC), in the context of Horizon Europe. According to the announcement, the total budget allocated for these schemes amounts to €1.8 million. Vision ERC The foundation explained that the first […]
Increased interest income, driven by successive interest rate hikes from the European Central Bank (ECB), has significantly boosted Cypriot banks’ profits in the first quarter of 2024, which amounted to €226 million during this time. A detailed review of banks’ financial results for this quarter reveals that these interest rate hikes have led to a […]
The ten most expensive property sales in Cyprus amounted to an impressive €16.2 million in April of this year, with Limassol continuing to feature prominently at the higher end of the market, according to a report released on Wednesday by real estate analytics firm Ask Wire. The highlight of these high-profile transactions was a house in Paphos’ Kouklia, which sold for a […]
The IMF also praised Cyprus’ economic resilience, projecting steady growth in the coming years. The International Monetary Fund (IMF) on Wednesday praised Cyprus for its strong economic recovery and fiscal discipline, while also recommending continued efforts to reduce public debt and address long-term needs following the latest Article IV consultation with the country. The executive board approved the […]
Cyprus witnessed a marginal rise in its ship management revenues in the latter half of 2023, which climbed to €638 million, up from €623 million in the preceding half-year. However, this represents a slight dip from the €648m recorded in the latter half of 2022, according to data released by the Central Bank of Cyprus. […]