Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, has told banks to take into account both the social aspect and the enhancement of the competitiveness of the economy when formulating their pricing policy. Failure to do so, he warned, could harm their image and put at risk the reputation of the banking sector. […]
The total number of registered motor vehicles in Cyprus rose by 13.2 per cent in the January-September 2024 period, reaching 38,819, compared to 34,280 during the same period last year. According to the Cyprus Statistical Service (Cystat), in September alone, motor vehicle registrations totaled 4,428, a decrease of 3.9 per cent from the 4,607 recorded […]
Cyprus recently achieved international recognition by winning the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8. As Cyprus’ reputation for excellence in air connectivity continues to grow, the deputy Ministry of Tourism announced the award. This annual Routes World conference, a key event for the aviation industry […]
Israeli hospitality firm Fattal Hotel Group has announced plans to invest €55 million in acquiring and renovating the Elias Latsi Holiday Village Resort in Paphos. The property will be rebranded as Leonardo Club Family Resort and will feature new facilities including a water park. The renovation project is expected to take 18 months to complete, pending […]
The Ministry of Agriculture, Rural Development and Environment will present the National Strategy for the development of the primary sector on 10 October. The Strategy was drawn up after an extensive dialogue with the agricultural organisations and all stakeholders, Minister Maria Panayiotou said. Panayiotou told the House Agriculture Committee the strategy includes 11 actions aimed […]
At the opening of the Women in STEM Cyprus Forum in Limassol, Commissioner for Gender Equality Josie Christodoulou, acknowledged Cyprus’ progress on gender equality, despite ranking 21st among the 27 EU Member States. The Forum, organised by Women in Tech and TechIsland to mark Ada Lovelace Day, aimed to empower women in Science, Technology, Engineering, […]
Cyprus won the “Destination Award” at the Routes World Airline Conference, held in Bahrain from October 6 to 8, as its global reputation in air connectivity grows, the deputy Ministry of Tourism said. The Routes World conference, a central event for the aviation industry since 1995, gathers senior figures from airlines, airports, and global stakeholders. […]
On his first official visit to Hellenic Bank since Eurobank Group’s acquisition, CEO Fokion Karavias underscored his commitment to providing tangible support, accompanied by deputy CEO Stavros Ioannou. During their visit, Eurobank’s top executives, joined by Hellenic CEO Michalis Louis, toured the bank’s branches, business centres, and the Technology and Digital Development Centre in Nicosia, underscoring […]
India’s leading low-cost carrier IndiGo plans to expand its international network with the introduction of flights to Cambodia next year. Starting from February 2025, the airline will offer two direct routes connecting India and Cambodia, said Koy Kuong, Cambodian Ambassador to India. The first route will link New Delhi, India’s capital, to Phnom Penh. The […]
The betting industry now accounts for 3.72% of Cyprus’ GDP, according to Permanent Secretary of the Ministry of Finance George Pantelis. Speaking at the 7th Safe Betting Conference, Pantelis officially launched the Safe Betting Week, a national initiative established seven years ago by the Cyprus National Betting Authority (EAS). According to a statement released by […]
The CEO of the Eurobank Group, Fokion Karavias, stressed his commitment to practically supporting Hellenic Bank, on his first visit, since Eurobank took it over. He was accompanied on his visit by deputy CEO Stavros Ioannou. Eurobank’s executives, accompanied by Hellenic’s CEO, Michalis Louis, had the opportunity to visit the bank’s branches and business centres, […]
The general government surplus in Cyprus surged by €469.9 million for January-August 2024, reaching €1.36 billion or 4.3 per cent of GDP. This total contrasts with the €898.5m (3.0 per cent of GDP) for the corresponding period of 2023, according to preliminary fiscal results from Cystat. A total revenue boost of €1.07bn (13.0 per cent) […]
Executives from Cyprus’ banking and real estate sectors met Monday to discuss aligning remittance rules with European standards and guidelines. The meeting between executives of the Cyprus Land and Building Developers Association (LBDA) and the Cyprus Bank Association (CBA) also looked at ways of streamlining housing loan approvals, especially for projects awaiting building permits. This […]
Deputy minister of tourism Costas Koumis said that urgent joint actions were needed to safeguard Mediterranean coasts and seas and maintain their allure, at a ministerial meeting in Messinia, Greece, hosted by Greek Minister of Tourism Olga Kefalogianni. Koumis, attending the launch of the “Research and Monitoring Centre for Coastal and Maritime Tourism in the […]
RAVATAR made a debut during the European Researchers’ Night 2024 in Nicosia, unveiling its AI-powered hologram of Marie Curie. The innovative showcase demonstrated how artificial intelligence can transform the way we engage with science and history, bringing the scientist back to life in a way that resonated deeply with the audience. The European Researchers’ Night, […]
The Board of Directors of the American Chamber of Commerce in Cyprus (AmCham) recently had a co-operation discussion meeting with Maria Pappas, President of the Cyprus – US Chamber of Commerce (USA). According to an announcement after the meeting, fruitful deliberations took place as regards ways and means of enhancing collaboration between AmCham and the […]