Eurobank is set to raise its stake in Hellenic Bank to 93.47 per cent following agreements to acquire shares from Demetra Holdings Plc and Logicom Services Limited. The bank announced on Monday that it has signed share purchase agreements with Demetra and Logicom, under which it will acquire 24.66 per cent of Hellenic Bank’s shares, […]
Cyprus showcased a range of traditional products at the 7th China International Import Expo in Shanghai, offering free samples of juices, wine, commandaria, zivania, and halloumi. The event, held from November 5-10, 2024, served as an excellent opportunity to enhance Cyprus’ trade relations with China and other nations. The Cypriot booth, managed by the Cypriot […]
The final version of a digital citizen app is set to be presented on Wednesday in the framework of the second Cyprus-Greece summit, President Nikos Christodoulides said on Monday. He added that before the end of the year, Cyprus’ rebranding would be launched, focusing on the country’s presence in international markets. Christodoulides made the two […]
“In Europe, the demand for sanitary and phytosanitary standards (SPS) is high,” he said. “Therefore, the fact that the factory can meet European requirements confirms that Cambodian food standards are acceptable in the international market, which is The Ministry of Mines and Energy (MME) has plans to build an oil refinery to ensure domestic fuel […]
Arrivals in 2024 are likely to exceed those of 2019, a record year, estimates Deputy Minister of Tourism, Kostas Koumis, who addressed the Parliamentary Finance Committee, during the examination of the Deputy Ministry’s budget. Specifically, he noted that arrivals for the period January-October are up 4.6% compared to the same period of 2023, while they are […]
Cyprus’ real estate market remains robust, with transactions reaching €2 billion by mid-2024, despite ongoing global uncertainty, according to a report released on Monday by Delfi Partners & Company. “Supported by strong domestic activity and stabilising inflation, the market continues to demonstrate adaptability while addressing broader challenges,” the company said. Moreover, the company noted that data on […]
The Cyprus-Austria Business Forum was a success, with more than 60 bilateral meetings taking place, according to an announcement by the Cyprus Chamber of Commerce & Industry (Keve). Held on November 21 at the chamber’s headquarters in Nicosia, the forum “brought together professionals and officials from both countries for a successful day of networking and […]
The Cyprus Composite Leading Economic Index (CCLEI), recorded an annual increase of 1.8 per cent in October 2024, according to the University of Cyprus’ Economics Research Centre (CypERC), This marks a continuation of its upward trend following annual rises of 1.6 per cent in September and 1.2 per cent in August 2024. According to the […]
The Cyprus Financial Literacy and Education Committee (CyFLEC) has marked substantial advancements in the implementation of the national strategy for financial literacy, according to an announcement released on Monday. The announcement mentioned that this latest progress update was provided following the committee’s fourth board meeting, which took place on November 22, at the Central Bank of Cyprus (CBC) headquarters […]
It’s not even a big traditional holiday, so why do some of us put up our trees as early as October? Christmas seems to come earlier and earlier, the unofficial starting point for the festive season – December 1, at least according to Advent calendars – getting progressively pushed back. Supermarkets have been playing carols […]
Cypriot President Nicos Christodoulides has said he is proud of the upgrade by Moody’s, and expects the development to attract quality foreign investment and generate new jobs. Moody’s has given the Republic of Cyprus a two-notch upgrade in its credit rating, raising it from Baa2 to A3, and has changed its outlook to “stable”. The […]
NICOSIA, Nov 21 (Reuters) – ExxonMobil (XOM.N), opens new tab will drill a well off Cyprus in January in its pursuit of natural gas, a senior executive said on Thursday, one of several energy majors focusing on the region as Europe diversifies from Russia. The east Mediterranean has yielded some major gas discoveries in recent years, while […]
Christmas villages across Cyprus opened their doors as the season begins, with villages open in the villages of Agros, Dherynia, Fikardou, Kalopanayiotis, Kiti, and Kyperounta, and in Nicosia’s old town’s Laiki Yitonia. Tourism Deputy Minister Costas Koumis attended the official inauguration of the Kalopanayiotis Christmas village, with his deputy ministry saying the villages constitute a […]
The “2nd Greece-Cyprus Summit: Advancing Together” takes place on Wednesday at Hilton Nicosia in Engomi, in the presence of Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nikos Christodoulides and under the auspices of the Presidency of the Republic of Cyprus and the Greek Foreign Ministry.
Larnaca Municipality has announced the completion of the new Salina Municipal Park, which opens to the public from November 23. The new city landmark, spanning 14,000 square metres, represents a significant addition to Larnaca’s green heritage and extends from the existing Municipal Garden to create the city’s largest green space, the municipality said. The park combines […]
Cyprus-based Anymaster, a service marketplace that connects clients with local service providers, has successfully raised €350,000 in funding, allowing it to expand to Athens, Greece. “Already operating in four major cities in Cyprus, Anymaster is poised to transform Greece’s service industry with a platform that emphasises transparency, efficiency, and security for both clients and service […]