Cyprus’ gross domestic product (GDP) in nominal terms (current prices) reached €31.34 billion in 2023. This marks a growth rate of 6.5 per cent, according to the major revision of national accounts for 1995–2022 and the updated 2023 estimate from the Cyprus Statistical Service (Cystat). In real terms (volume measurements), the GDP growth rate was […]
The Deputy Ministry of Tourism on Friday outlined the need to address long-standing challenges in the tourism sector, in order to maximise its performance and boost the Cypriot economy. Initiatives include enhancing the tourism product and extending the national tourism strategy to 2035 to meet international market trends. Tourism remains vital to the Cypriot economy, […]
Cyprus advanced its space ambitions as the Cyprus Space Research and Innovation Centre (C-SpaRC) recently showcased key developments in its space programme. The Cyprus Space Exploration Organisation (CSEO) described C-SpaRC as a multi-million-euro national initiative funded by the Research and Innovation Foundation (RIF) and backed by NASA TRISH and NASA Marshall, calling it a transformative […]
The number of tourists arriving in Cyprus reached 509,463 in September 2024, up from 487,350 in September 2023. This marks an increase of 4.5 per cent year-on-year, according to the Cyprus Statistical Service (Cystat). For the period from January to September 2024, total tourist arrivals amounted to 3,268,090, compared to 3,136,145 in the same period […]
The 51st Cyprus International Rally gets underway today with the official opening ceremony taking place at 5.30pm in Spyridaki square, on Makariou avenue in Nicosia. Organised by the Cyprus Automobile Association, the rally serves as the final and decisive race of the FIA Middle East Rally Championship (MERC), which will determine the 2024 champion. It […]
The Air & Tech Show 2024, the fourth of its kind, will be held from Dec. 13 to 15 at Pochentong Air Force Base in Phnom Penh, with free admission. The Air & Tech Show is a unique event in Cambodia that features the display of several models of aircraft and aeroplanes as well as […]
The Ministry of Transport will launch an informal public consultation process in November to gather opinions from potential investors on separate developments for Larnaca’s port and marina, Transport Minister Alexis Vafeades told philenews on Thursday. These views, along with a study by experts expected to commence work by early 2025, will shape the future of […]
The 15th edition of the Limassol Economic Forum will take place on October 18, 2024, at the renowned Parklane Resort & Spa in Limassol, Cyprus. As the island’s premier business event, it will feature a dynamic lineup of expert panels, engaging discussions, and keynote speeches aimed at redefining leadership and driving innovation. Gathering CEOs, business leaders, and […]
Cyprus has successfully passed 60% of the legislative milestones required under its Recovery and Resilience Plan, approving 23 out of the 38 necessary laws, according to Director of the Recovery and Resilience Directorate Anthoula Savvides. Speaking at the 3rd Annual Event on the Recovery and Resilience Plan in Nicosia, Savvides outlined the progress, stating that […]
Dr. Silvio Walser, Product Manager of Digital Product, Bank of Cyprus: “A guide for young people on their journey towards financial independence” Financial literacy skills, such as budgeting, saving, and managing money, are foundational for lifelong success, yet many young people grow up without access to the right tools or understanding to build these habits. […]
The Cyprus Mail’s Souzana Psara caught up with Cyprus-based marketing agency CAPSBOLD’s PR Director Olga Loktionova at the Elevate Summit 2024 in Limassol, where they discussed how branding, influencer marketing, and emotional storytelling are transforming the real estate industry. From the UAE to the USA, Loktionova shared insights on how top companies connect with global […]
The number of tourists arriving in Cyprus reached 509,463 in September 2024, up from 487,350 in September 2023. This marks an increase of 4.5 per cent year-on-year, according to the Cyprus Statistical Service (Cystat). For the period from January to September 2024, total tourist arrivals amounted to 3,268,090, compared to 3,136,145 in the same period […]
Aegean Airlines this week announced the launch of a new direct route connecting Cyprus to Rome, effective from April 2025. According to the announcement, the new service will operate from Larnaca International Airport to Leonardo da Vinci International Airport (Fiumicino) in Rome, offering three weekly flights throughout the summer season. The flights will be scheduled […]
The CFA Society Cyprus this week reaffirmed its commitment to promoting professional networking and excellence within the island’s financial community during its first post-summer member event. In an official announcement, the CFA Society Cyprus noted that the gathering, which was held to mark the election of the association’s new board of directors, “provided attendees with […]
Cyprus has officially launched its Sustainable Urban Mobility Plans (SUMP) for Limassol and Larnaca, taking a significant step in the transition towards greener, more accessible cities. Funded through the EU Recovery and Resilience Facility, the initiative aims to reduce traffic congestion, enhance public transport and promote eco-friendly alternatives such as cycling and walking. The plans […]
The Larnaca Tourism Board (LTB) has been intensifying efforts to boost the region’s online presence through collaborations with high-profile influencers. Recent initiatives aim to promote Larnaca to international audiences, highlighting its marine attractions and local culture. One of the most notable partnerships involved Sophia Hadjipanteli, a globally recognised influencer with over 1.5 million followers. As […]