President Nikos Christodoulides announced that he will be visiting three US states in the immediate future, with a focus on attracting investments and strengthening diplomatic and economic ties through new diplomatic missions in selected countries. He revealed the news at a meeting with a delegation from Alpha Bank Greece and Cyprus at the Presidential Palace, […]

Cyprus’ tourism ministry this week launched the application process for a grant scheme aiming to enhance the qualitative and aesthetic appeal of Cyprus’ beaches. This initiative, according to the ministry, seeks to position Cyprus as a “destination accessible to every visitor.”  In the statement, the ministry clarified the scheme’s objective to promote projects aimed at […]

Eurobank has outlined its strategic objectives following the acquisition of 100 per cent of Hellenic Bank in its public offer document, which details the roadmap for the acquisition process. The bank intends to proceed with the necessary steps to delist Hellenic Bank’s shares from the Cyprus Stock Exchange (CSE) upon completion of the offer. The public offer aims to secure the remaining […]

Cyprus has one of the lowest rates of online shopping complaints in the European Union, as only 14.7 per cent of its consumers reported issues, according to data released by Eurostat on Wednesday. Moreover, lowest shares were also reported in Portugal (4.3 per cent) and Latvia (13.7 per cent) In contrast, around one-third (33.1 per cent) of EU consumers faced challenges, with Luxembourg (55.5 per […]

Cyprus recorded in January a general government surplus of 566.9 million euros (1.6% of GDP) according to the preliminary fiscal data by the Statistical Service (CyStat). The service said on Monday that the corresponding surplus for January 2024 amounted to €476.5 million (1.4% of GDP). Total revenue in January increased by €194.3 million (+14.3%) to […]

Total employment for the fourth quarter of 2024 is estimated at 500,606 persons, of which 448,007 are employees and 52,599 are self-employed. According to CySTAT, compared to the corresponding quarter of 2023, total employment increased by 1.7% for the 4th quarter of 2024. The most significant percentage increases were observed in the economic activities of […]

The interest rates of Cypriot banks for both deposits and loans are showing increased alignment with eurozone averages, according to data published by the Central Bank of Cyprus for December. The initiative aims to enhance market transparency and consumer awareness by providing detailed breakdowns of rates offered by individual financial institutions, enabling households and businesses to make more informed financial […]

Cyprus has implemented new restrictions on licensing solar farms on agricultural land, following recommendations from the Audit Office, Interior Minister Konstantinos Ioannou told the House Agriculture Committee on Tuesday. The committee continued discussions on protecting agricultural land from solar installations, with the Energy, Commerce and Agriculture Ministers attending alongside representatives from the energy regulator CERA, transmission system […]

Cyprus’ government employment increased by 599 people in February 2025, a rise of 1.1 per cent, compared to February 2024, reaching a total of 55,296 employees. According to the state statistical service, this growth was primarily driven by an increase in employment within the educational service, which grew by 3.8 per cent. Moreover, the report […]

Aegean Airlines on Tuesday reported a strong start to 2025, carrying 1.9 million passengers in the first two months of the year, marking a 9 per cent increase compared to the same period in 2024. The airline also announced ambitious expansion plans, offering 1.8 million additional seats in 2025, bringing the total available seats to […]

CySEC conducted 850 audits, issued €2.76m in fines in 2024 The Cyprus Securities and Exchange Commission (CySEC) on Tuesday outlined its key regulatory actions and market oversight efforts during a press conference in Nicosia. The commission’s presentation focused on legislative and technological developments shaping the capital markets in 2025. The commission highlighted increasing institutional and regulatory requirements, digital transformation, and […]

Cyprus Wine of Kings A bottle of Cyprus’ famous Commandaria wine sits next to three glasses at the Karseras Winery in the mountain village of Doros on Friday, Feb. 21, 2025. (AP Photo/Petros Karadjias) MENELAOS HADJICOSTIS Mon, March 10, 2025 at 11:21 AM GMT+7 4 min read NICOSIA, Cyprus (AP) — Praised by the ancient Greek […]

Larnaca’s Tourism Board (ETAP) has announced an ambitious plan to enhance the region’s tourism infrastructure for 2025, building on its success as Cyprus’s third most popular destination despite having significantly fewer accommodation options than competing regions. With just 5,817 beds compared to Limassol’s 9,874, Paphos’s 27,441, and Famagusta district’s 37,809, Larnaca has seen tourist arrivals increase […]

The Presidency of the Republic of Cyprus has described the achievement of the government’s goal of creating conditions for full employment within the first two years of governance as a significant labour achievement with a strong positive impact on the economy and society. More specifically, in a post on X, the Presidency reports that unemployment […]

The Research and Innovation Foundation (RIF) on Monday announced a new call for proposals under its Fast Track Innovation programme. According to the announcement, the programme aims to support existing businesses that wish to invest in the development and commercialisation of innovative products and services. It has a total budget of €2 million. “The Fast Track Innovation programme is open to businesses […]