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 […]
Cyprus celebrated the anniversary of 28 October 1940 with school parades on Monday, featuring representatives from universities, higher education institutions, and technical schools carrying Cypriot and Greek flags. President Christodoulides received the parade’s salute at 11:00 in front of the Greek Embassy, accompanied by the Minister of Education, Sports and Youth, and Greek Ambassador to Cyprus Ioannis […]
Cyprus has marked the best nine months ‘of all time’ in tourism this year, according to Deputy Minister of Tourism Costas Koumis. Making statements at the opening of the Cyprus Airways Flying Academy at Larnaca airport, he said he was optimistic for a successful 2025. “We have had the best nine months of all time…arrivals […]
Cyprus marked ‘Oxi Day’ on Monday, commemorating Greece’s rejection of Axis forces’ demand to enter its territory on October 28, 1940, during World War II. In Nicosia, President Nikos Christodoulides presided over a student parade in front of the Greek embassy. Earlier in the day, he attended a religious service at Ayios Barnabas Cathedral in […]
The Paphos municipality’s technical projects committee aims to make Paphos the top city for quality of life, its chairman Philippos Philippou said on Monday. Speaking to the Cyprus News Agency (CNA), Philippou said that the municipality is set to upgrade the living standards for people in Paphos “through practical efforts”. The committee makes recommendations on […]
WASHINGTON — Chile and Cyprus are the latest nations to sign the Artemis Accords for sustainable space exploration, part of surge of new signatories this month. At a ceremony at NASA Headquarters Oct. 25, Aisén Etcheverry, Chile’s minister of science, technology, knowledge and innovation, signed the Accords on the behalf of that country. The ceremony was […]
ExxonMobil’s commitment to the region is proved by its extension to Egypt and Greece and renewed interest in Cyprus It has been over two-and-a-half years since ExxonMobil last drilled in Cyprus’ EEZ, but the company is about to come back. In an interview earlier this month the minister of energy, Giorgos Papanastasiou, confirmed that ExxonMobil […]
There have been significant changes to the tourism map of Cyprus since the record year of arrivals in 2019, with markets that were in the top positions five years ago slipping down the list and others showing a marked increase. The only market that has not only withstood the test time, but also cemented its […]
Here are the top business stories in Cyprus from the week starting October 21: A significant share of Cypriot wealth continues to languish in low-interest bank deposits, despite alternative investment options, according to Phanos Vladimirou, senior investment specialist at Athlos Capital. He attributed this persistent trend to excess liquidity, low competition, and a lack of financial […]
Cyprus will switch to winter time early Sunday morning, with clocks moving back one hour from 04:00 to 03:00 on October 27. The time change follows the European Union’s daylight saving system, which aims to better utilise daylight hours for energy conservation. Summer time operates for seven months in Europe, while winter time (or solar […]
Intensive and persistent consultations and negotiations between Cyprus’ Natural Gas Infrastructure Company (ETYFA) as China’s CMC consortium have ‘unblocked; the procedures relating to the “Prometheus” floating natural gas gasification unit, which, based on the agreement reached, will be delivered to the Cypriot side within 60 days. This development is characterised as very important, both by […]
The Cyprus Stock Exchange (CSE) and Invest Cyprus, the country’s official investment promotion agency, signed a Memorandum of Understanding (MoU) on Friday. According to a joint statement from the two organisations, the agreement aims to strengthen their collaborative efforts in attracting investments to Cyprus. In addition, the announcement said that “the partnership will focus on […]
Cyprus’ Composite Leading Economic Index (CCLEI), maintained by the University of Cyprus’ Economics Research Centre (CypERC), recorded a year-on-year increase of 1.1 per cent in September 2024. This follows annual growth rates of 0.8 per cent and 0.4 per cent in August and July 2024, respectively, according to recently revised data. The Economics Research Centre […]
The Bank of Cyprus’ compliance team has received significant recognition from the Association of Compliance Officers in Greece, according to an announcement released this week. The Compliance Awards ceremony took place in Athens, with Greek Minister of Economy and Finance Kostis Hatzidakis in attendance. The Bank of Cyprus won the gold award for the best […]
Cyprus introduced its first zero-emission vessel, Evploia Aphrodite, at Larnaca Marina this week, with the support of Deputy Shipping Minister Marina Hadjimanolis. Evploia Aphrodite, developed by the Cyprus Marine and Maritime Institute (CMMI) with funding from the EU’s Co-Develop programme, is a fully electric vessel that reduces emissions along Cyprus’ coastline. It’s part of the […]
An increase in property sales reported yesterday by the Ministry of Interior has sparked concerns about the sector’s future trajectory, particularly for 2025, despite current positive growth indicators. Industry professionals warn that the combination of high demand, reduced supply, and delays in new stock entering the market could trigger further price increases. According to Land Registry data […]