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 […]
Permanent Secretary of the Ministry of Energy, Trade and Industry, Marios Panayides, has supported the strengthening of transatlantic relations through a positive trade agenda. The Cypriot official represented Cyprus at the EU Council of Foreign Affairs that met in Brussels on 21 November with the participation of Ministers of Trade. According to an official press […]
President of the European Investment Bank (EIB), Nadia Calviño, is due to meet with President Nikos Christodoulides and Finance Minister Makis Keravnos during her first official visit to the country for the inauguration of the Bank’s office in Nicosia. Τhe inauguration ceremony for the EIB office will take place at the Ministry of Finance in Nicosia […]
Minister of Finance, Makis Keravnos and Dutch Ambassador to Cyprus, Willem Wouter Plomp, held a meeting during which they discussed about bilateral relations and ways to further enhance them. According to a press release by the Ministry of Finance, during the 21 November meeting the two officials referred to the excellent relations between the two countries and the […]
The Cyprus Securities and Exchange Commission (CySEC) this week announced its adoption of the European Banking Authority’s (EBA) guidelines on governance for issuers of asset-referenced tokens (ARTs). These guidelines, issued in June 2024, aim to bolster the management and oversight of ART issuers, ensuring enhanced consumer and investor protection. The guidelines, under Article 16 of Regulation (EU) No 1093/2010, […]
Central Bank of Cyprus (CBC) govennor Christodoulos Patsalides on Thursday addressed the Economist annual summit, highlighting the European banking sector’s resilience, while also addressing the challenges and risks facing the region’s economy. Patsalides opened by saying that the European Central Bank (ECB) had made significant progress in its disinflationary efforts, with inflation falling to 2.0 […]
Blink and it is almost Christmas. With the last full weekend of November here, the festive period is fast approaching and you can be sure that by next week, the whole island will be dressed in the Christmas spirit. This weekend will see the first of the season’s festive happenings as the Christmas villages open, […]
Apartment prices and rents in Cyprus defied broader market declines during the third quarter of 2024, reflecting strong demand, according to a report from real estate analytics firm Ask Wire. At the same time, the report showed that other property types struggled under the weight of high interest rates and shifting buyer preferences. The report is based on the […]
Tourism in Cyprus continues to shine in 2024, with arrivals nearing 3.73 million between January and October, marking a 4.6% annual increase. This figure also slightly surpasses the same period in 2019, a record-breaking year for Cypriot tourism, showing a 0.81% rise, as Cyprus solidifies its position as a dynamic hub for global travel. October […]