Fitch Ratings projects limited fiscal improvement across European countries, citing uneven adjustments in debt reduction and growth trajectories. However, the agency mentioned that Cyprus continues to stand out with a positive outlook. Commenting on the report, government spokesman Konstantinos Letymbiotis said that this “is an irrefutable vote of confidence in the Cypriot economy, the government’s […]

Cyprus is expected to record the third highest growth rate in the Eurozone with 3.8 per cent for 2024, while unemployment, inflation and public debt continue their downward trend. Addressing the second Cyprus-Greece business forum in Nicosia with Greek Prime Minister Kyriakos Mitsotakis, Christodoulides said the two countries, having left behind many years of challenges, […]

By Yiannis Hadjigeorgiou Dina Keravnou, the first female driving instructor in Cyprus – and indeed the entire Middle East – passed away on Saturday. A trailblazer for women’s rights on the island and recognised for her contributions to society, this is her fascinating life story, as she shared it with us two years ago, along […]

Cyprus, the Jewel of the Mediterranean, gets millions of visitors every year with its beaches, landmarks and villages. Tourism is a big part of the island’s economy so we need to keep the beauty and cleanliness that brings visitors from all over the world. One often overlooked aspect of keeping all this is proper waste […]

A successful Presidency is top priority, Deputy Minister for European Affairs of the Republic of Cyprus, Marilena Raouna, has said, addressing the beginning of training sessions for the preparation of the public service in view of the Cyprus Presidency of the Council of the EU in 2026.  The training sessions are organised by the Cyprus Academy […]

The Secretariat of the Cyprus Presidency of the Council of the EU 2026 was established following the appointment of the Deputy Minister for European Affairs, Ms Marilena Raouna, on 17 January 2024. Under the political supervision of the Deputy Minister, the Secretariat is responsible for the preparation of the Presidency of the Council of the […]

Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. These investments have created 1,200 new jobs across various sectors, highlighting Cyprus as an attractive destination for global businesses. Notably, companies from outside the European Union are increasingly using Cyprus […]

The Cyprus ship registry has recorded a 14% increase since September 2023, Deputy Minister of Shipping, Marina Hadjimanolis has revealed. She was speaking during the 25 November discussion of the Deputy Ministry’s budget for 2025 at the Finance Committee of the House of Representatives. Hadjimanolis also noted that the Deputy Ministry’s revenue increased by 10% […]

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 […]