Cyprus recorded a record-breaking €3.2 billion in foreign direct investment (FDI) for 2023, according to Invest Cyprus, the agency tasked with driving investments to the island. This figure was reported during the organisation’s annual general meeting on November 14. The meeting took place at the premises of the Finance Ministry in Nicosia, where it unveiled and […]
Property prices in Limassol surged in 2024, with apartment prices up by over 20 per cent and house prices rising by 30 per cent, according to a report from Nicosia-based firm Landbank Analytics. The report, which reviewed data from the Department of Lands and Surveys from January to September 2024, shed light on variations in […]
The Bank of Cyprus said on Thursday it is taking proactive measures to prevent online scams while fake news about a fraudulent lucrative platform linked to the bank have been circulating online. The fraudulent AI platform marketed as the ‘Bank of Cyprus Trading AI Platform’, promises to earn users a guaranteed €15,000 a month, requiring […]
Two Cypriot villages, Pissouri and Kalopanayiotis, have been named among the “Best Tourism Villages 2024” by UN Tourism. The awards, presented during the 122nd session of the UN Tourism Executive Council, recognised 55 villages from 30 countries, selected from more than 260 applications across 60 member states. The global recognition programme, now in its fourth year, evaluates villages […]
Kalopanayiotis and Pissouri were on Friday rated as top tourist villages in an annual list published by the World Tourism Organisation (WTO). The initiative was launched in 2021 to promote tourism in rural areas and preserve landscapes, cultural diversity, local values and culinary traditions. During this, the programme’s fourth year, 55 villages out of a […]
The parliament is discussing plans to build new racetracks to combat illegal street racing, following concerns about public safety and 176 related complaints filed with authorities over the past five years. The House Transport Committee debated the proposal on Thursday, which would require approximately 300,000 square metres of land between Larnaca and Limassol and an […]
The first flamingos have arrived in Larnaca’s salt lake searching for a warmer climate and food. Every year thousands of migratory birds including flamingos come to Cyprus to spend the winter. This event attracts locals and tourists all over the world who visit the salt lake to spot flamingos. In the coming weeks, the number […]
Global olive oil markets are experiencing a shift, marking a departure from the past two years when drought and heatwaves led to reduced production and soaring prices. Producer prices have dropped sharply across major trading hubs, as markets attempt to stabilise at historical levels following a return to normal production volumes. However, industry experts say attention must now […]
The cabinet approved a comprehensive action plan to combat drought and water scarcity, Agriculture Minister Maria Panayiotou announced Thursday. The programme includes 28 actions – seven immediate, eight medium-term, and 13 long-term measures – aimed at strengthening water security and infrastructure across the island. It complements a national water infrastructure investment plan worth over 1 billion euros […]
A new green space in the heart of Larnaca, the Salina Park, will welcome its first visitors this Saturday, November 23. The 14,000-square-metre park, situated adjacent to the Municipal Garden, features a central ornamental lake with a fountain as its centrepiece. The project, which cost €2.4 million, was co-funded by the EU. Designed by architect Elena Sofianou-Olympiou […]
Trade volume between Cambodia and China reached $12.37 billion in the first ten months of 2024, up 23 percent from $10 billion recorded in the same period last year, a report from the General Department of Customs and Excise showed. China continues to be Cambodia’s top trading partner, followed by the United States, Vietnam, Thailand […]
The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’s latest financial results, €131 million of this amount was generated during the third quarter. “We continue to generate strong financial and operational results and are well positioned to […]
Cyprus is gaining momentum as a filming destination, supported by strategic efforts from Invest Cyprus to draw high-profile productions to the island. According to the investment promotion agency, the are 13 major projects currently underway. The current slew of projects include six films, six reality shows, and an English TV series, highlighting the impact of Cyprus’ […]
Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of unnecessary and damaging disputes, which had caused numerous issues and uncertainty for the future of both the bank and its staff,” said Etyk in a […]
The total number of government employees in Cyprus reached 54,884 in October 2024, according to a statistical service report released on Monday. This figure marks a significant year-on-year increase, largely due to the addition of casual staff in the educational service. The average employment for January to October 2024 stood at 54,128 people, up by […]
Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of unnecessary and damaging disputes, which had caused numerous issues and uncertainty for the future of both the bank and its staff,” said Etyk in a […]