As Cambodia charts its path toward a more sustainable future, the streets of Phnom Penh are witnessing a quiet yet significant revolution. Electric vehicles (EVs), once a rare sight, are increasing on Cambodian roads. With the government’s commitment to reducing carbon emissions and the global shift towards cleaner energy, the question arises: Can electric vehicles […]
Lieutenant General Osama Rabie, head of the Suez Canal Authority, met Cyprus’ Deputy Shipping Minister, Marina Hadjimanolis, in Ismailia on Tuesday to discuss collaboration on sustainable maritime practices and the impact of Red Sea tensions on global trade. Opening the talks, Rabie emphasised the authority’s aim to “enhance bilateral cooperation and exchange of expertise” with […]
The Energy Ministry announced on Wednesday that it led Cyprus’ presence at GITEX Global 2024 in Dubai. Cyprus’ participation at the event, the ministry explained, showcased the country’s advancements in technology and promoted it as a Mediterranean hub for AI, cybersecurity, and innovative partnerships. GITEX Global 2024, now in its 44th year, is recognised as […]
Empowering businesses in Cyprus with the latest digital marketing trends is no small task, but as the digital landscape evolves, it has become essential for businesses aiming to stay ahead and remain relevant. Staying on top of these trends is crucial for any business with ambitions to succeed. According to Katerina Lambrou, Digital Marketing Executive […]
PwC Cyprus celebrated the achievements of its top-performing trainee accountants in the recent ACCA exams at a ceremony on October 23, 2024, at the PwC Experience Centre. Attended by CEO Philippos Soseilos and Chief People Officer Anna Loizou, the event spotlighted trainees who earned top rankings both in Cyprus and worldwide. Awardees included Yuliana Gudovich, […]
An autumn of local film screenings is approaching as the Cyprus Film Archive (Kypriaki Tainiothiki) organises a series of Cypriot film nights. The screenings will fill November and December’s cultural agenda by hosting screenings in numerous towns mainly in Nicosia (across the divide), Famagusta, Limassol and Paphos. The films shown will be split into two […]
Cyprus’ refinancing needs will remain within manageable levels for the coming years, well below the ten per cent of GDP threshold. Projections estimate requirements at around three per cent of GDP in 2025 and 2026, and at approximately 4.5 per cent in 2027, according to a financial outlook report by the Finance Ministry. The report […]
Deputy Minister of Shipping Marina Hadjimanolis is visiting Egypt following an official invitation from the Egyptian Minister of Transport, with whom she will discuss further strengthening cooperation between the two countries, in the field of maritime transport. According to an official press release, during her visit, she will meet with the President and CEO of […]
Invest Cyprus and the Cyprus Stock Exchange (CSE) have signed a Memorandum of Understanding (MoU), aimed at strengthening their efforts and further develop joint initiatives to actively attract investments to Cyprus. “The MoU emphasises the exchange of expertise and information, reinforcing our shared commitment to enhancing the investment landscape,” Invest Cyprus said announcing the news. […]
Cyprus this year achieved its best nine-month tourism performance on record, according to Deputy Minister of Tourism Kostas Koumis. Speaking oy at the inauguration of the Cyprus Airways Flying Academy at Larnaca Airport, Koumis expressed optimism for continued success in 2024 and beyond. “This year has marked the best nine months in the history of […]
Scope Ratings has upgraded Cyprus’ credit rating to A- from BBB+, marking the country’s first A-level rating from a major credit agency. This upgrade reflects Cyprus’ improved economic stability, positive fiscal outlook, and reduced risks in the financial sector. The upgrade is seen as a significant milestone, highlighting the country’s strengthened financial footing and forecasting […]
The Ministry of Energy, Commerce, and Industry on Tuesday approved changes to the “conserve and upgrade for businesses and other entities” grant scheme. The scheme aims to provide support for energy efficiency improvements in existing buildings and facilities. According to the announcement, this measure, funded with a budget of €19 million, will run until December […]
Limassol led Cyprus’ high-value real estate market in September, driving €29.8 million in top property sales, according to real estate analytics firm Ask Wire. The district accounted for six of the ten most expensive transactions, including a €5 million field in Yermasoyia. Its analysis shows that Limassol secured most high-value deals, accumulating €18.5 million in […]
The Deputy Ministry of Tourism is set to launch a series of initiatives in 2025 to support, promote, and enhance Cyprus as a tourist destination, according to the budget it submitted to the House. The budget outlined the ministry’s strategies to boost the tourism sector through targeted advertising, strategic partnerships, and sustainable development projects. A […]
When it comes to legislating this sector, Cyprus has some catching up to do If I ask you to say the first thing that comes to mind when I say “short-term rentals”, what would that be? Short-term rentals, or STRs for short, have become increasingly popular worldwide, thanks to platforms like Airbnb and Booking.com. STRs pose […]
Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource efficiency, according to a Eurobarometer survey. The survey, published by the European Commission, highlighted the need for such support to help SMEs expand their green initiatives and embrace sustainable practices in the marketplace. The survey, conducted from June […]