The Council of Ministers has approved the signing of a loan agreement worth €108m from the European Investment Bank (EIB) to finance the construction of student residences in Limassol and Paphos. The residences are meant for the students of the Cyprus University of Technology, based in Limassol, with departments operating in Paphos as well. President Nikos […]
The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced important updates related to its anti-money laundering (AML) exams for certified persons. The exams are designed to confirm that individuals appointed as AML compliance officers have received adequate training, although other employees working in finance may also take them to bolster their knowledge on the […]
The Bank of Cyprus has received two accolades recognising its corporate responsibility at the Boussias Cyprus Responsible Awards 2023, according to a statement released on Wednesday by the bank. Specifically, the Bank of Cyprus was awarded the Platinum Award in the Long-term Investment category for the establishment of the Bank of Cyprus Oncology Centre 26 […]
Pedalion Yachting, a luxury yachting company based in Cyprus, on Wednesday announced a new partnership with Italian boatmaker Comitti Yachts. According to the announcement, “this collaboration introduces the elegant and sophisticated Comitti yachts to the Cyprus market, renowned for their masterful blend of classic beauty and modern aesthetics”. The announcement added that Comitti Yachts are […]
Cyprus is definitely having its music moment this year as more and more international stars add it to their touring schedule. No complaints from music fans and as the summer ends its busy concert line-up, the autumn will arrive in full swing. One more star is travelling to the island in October. Set to perform […]
The deadline for applications in Cyprus for the second phase of the “Electrification at 1000” grant program has been extended by two months, now closing on September 30, the Department of Electromechanical Services announced. The initiative is part of the National Recovery and Resilience Plan and is aimed at promoting a green economy and sustainable […]
The Polish airline LOT has announced the resumption of its flights to Larnaca Airport, with four per week during the winter season. According to a press release from the deputy Ministry of Tourism, LOT intends to increase the frequency to six flights a week during the summer season in 2025. In addition to LOT, flights […]
At the initiative of the President of the Republic, a special meeting was held to inform the Council of Ministers about the implementation of the national strategy for Troodos and the development of mountain communities, Commissioner for the Development of Mountain Communities, Charalambos Christofinas has announced, noting that specific decisions were also taken. As he […]
€1.2 million in support for the development and energy sustainability of the port of Limassol, and €10.5 million towards the construction of the Nicosia perimeter motorway, are included in the €7 billion set aside for 134 transport projects all over the European Union within the framework of the Connecting Europe Facility – CEF. Europe-wide, 80% […]
Representatives of Cyprus’ Research and Innovation Foundation (RFI) and of the Japan Science and Technology Organisation (JST) recently met in Nicosia, to establish collaborations in cutting-edge fields such as artificial intelligence, robotics, energy, space research, and biotechnology. The RFI was represented at the meeting by its Chief Scientist, Demetris Skourides and Director General Theodoros Loukaides, while JST was represented by […]
Projects worth €141 million are set to transform the Polis Chrysochous area in the coming years, said the mayor Yiotis Papachristofis. Among these developments is the €60m expansion of the harbour at Latchi, described as “one of the most important tourist hubs of the municipality”. In an interview with CNA, Papachristofis spoke about several key projects, including […]
Tourist arrivals in Cyprus displayed a slight yet steady increase in June 2024, recording a 5.5 per cent rise to 482,261 compared to 456,985 in the previous year, according to the Cyprus Statistical Service (Cystat). This upward trend is also reflected in the first half of the year, with arrivals from January to June 2024 […]
Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry. After Wednesday’s cabinet meeting he said: “Our goal was to remain close to the same performance as last year in terms of tourist arrivals […]
SARA DOUEDARI meets the two artists behind an exhibition this week that reflects on division and reconciliation The air in Nicosia is thick with history and memory, the scars of past conflict visible in the divided cityscape. The city, the last divided capital in Europe, is the poignant setting for the installation Cyprus Memory, a […]
The Bank of Cyprus on Monday announced a revision to its privacy statement in alignment with the European Union’s general data protection regulation (GDPR) and relevant national legislation. The updated statement aims to enhance the protection and respect for the personal data of individuals, effective from May 25 under GDPR. The privacy statement pertains specifically […]
Island Oil Holdings, a diverse conglomerate specialising in the supply and trading of marine fuels, has released its inaugural environmental, social, and governance (ESG) report, encompassing the fiscal years 2022 and 2023. According to the announcement, the company’s comprehensive report was prepared according to the Global Reporting Initiative (GRI) Standards 2021, as well as the […]