A record 128,000 individuals with a net worth exceeding €1 million are expected to change their country of residence this year, exceeding the previous year’s record of 120,000, according to UK-based consultants Henley & Partners. The reason for the new record are plans by the UK’s new Labour government that will abolish or significantly modify […]
The Ministry has announced new investment interventions through the Strategic Plan of the Common Agricultural Policy 2023-2027, featuring subsidies amounting to €10 million. These are investments to modernise and improve the competitiveness of the overall performance and sustainability of agricultural holdings, as well as investments that contribute to the protection of the environment and animal […]
Euromoney, a leading international magazine specialising in banking, finance, and financial markets, has awarded the Bank of Cyprus the title of the best bank in Cyprus for 2024. This marks the ninth occasion that the bank has received this accolade from Euromoney. In a statement, the bank said that the award, which assessed its performance […]
The long-discussed regeneration project for the central avenue linking Kato Paphos to Coral Bay through Chloraks and Kissonerga is finally on the path to implementation after two decades of deliberation among Paphos stakeholders. The project, which is being developed in two phases, aims to significantly enhance road safety for pedestrians, cyclists, and motorists. The first phase has […]
The Municipality of Nicosia’s effort for sustainable urban development is anticipated to be strengthened and enriched through its participation in the Cities After Dark project which concerns the implementation of innovative urban policies that improve the quality of life for residents and visitors during the night. The project is part of URBACT, a European cooperation programme that aims […]
Beam Global has delivered solar charging kit to British Forces Cyprus which is now in use across the bases. This includes ten transportable electric vehicle charging points and an accompanying trailer to allow movement of the chargers. The equipment is in use across the Sovereign Base Areas camps at Episkopi, Dhekelia, Akrotiri, and Agios Nikolaos. […]
The Larnaca Tourism Development and Promotion Company (ETAP) has launched a major beach cleaning initiative in response to tourist complaints about litter on the city’s beaches, officials said on Tuesday. ETAP, in collaboration with Larnaca Municipality and hotels in the Pyla tourist area, and supported by the Deputy Ministry of Tourism, has engaged a specialist team […]
Plans are progressing for the construction of bus lanes along Nikos and Despina Pattichis Avenue and the coastal road leading to Agios Tychonas, along with the development of bike lanes and two park-and-ride stations in Limassol. These projects are expected to significantly ease traffic congestion in the city. The Public Works Department has initiated the tender […]
Euromoney, a leading international magazine specialising in banking, finance, and financial markets, has awarded the Bank of Cyprus the title of the best bank in Cyprus for 2024. This marks the ninth occasion that the bank has received this accolade from Euromoney. In a statement, the bank said that the award, which assessed its performance […]
During the period January-March 2024, the total weight of goods transported by road in Cyprus increased by 3.7% compared to the corresponding period of 2023, according to data published by CySTAT. During this period, 10.86 million tonnes were transported, compared to 10.48 million tonnes transported in the first quarter of 2023. Meanwhile, the weight of […]
Paphos’ Regional Tourism Board (Etap) said that it is currently developing a digital strategy for the entire Paphos district, along with action plans for the years 2025-2027. “Through this study, Etap Paphos aims to assess the digital competence of the destination and chart a course to remain at the forefront of digitalisation and the use of technological tools through a well-structured strategy”, […]
Cyprus – A perfect blend of work and leisure In recent years, the concept of working remotely has evolved from a niche practice to a mainstream way of life. As more professionals embrace the freedom to work from anywhere, destinations around the world are fighting for the attention of digital nomads. Among these contenders, Cyprus has become […]
Larnaca was one of the most popular destinations for travellers flying from London’s Heathrow airport in July, according to an announcement released on Monday. “Venice and Larnaca proved popular destinations for those jetting off for some summer sun, as Doha and Dublin joined Dubai and JFK as the latest routes with one million passengers travelling to and from Heathrow this year,” […]
With many people on holiday in Cyprus, now is the time to enjoy traditional produce August is a great time to visit Cyprus’ mountain and rural villages, to find solace in their cooler climate and traditional fun in the many local festivals that are on this month. Nearly every rural community organises annual events in […]
Construction of a monument in Paphos to the Greek Revolution of 1821 was completed on Sunday. The monument is located within the town’s municipal garden. Paphos mayor Phedonas Phedonos said the monument will “inspire the next generations with the visions and values of the great struggle, and at the same time transmit to modern society, and […]
Here are the top business stories in Cyprus from the week starting August 5: The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. The CBC governor also said that “geopolitical developments, climate change, and […]