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 […]
The island’s next generation may be turning the page on poor reading habits Despite Cyprus being ranked as one of the lowest in Europe for book spending and literacy rates, you’d never guess it if you attended the Nicosia Book Fest! This weekend’s event, now in its second day, was going strong at Acropolis Park this morning with […]
Cyprus’ two major airports, Larnaca and Paphos, recorded an increase in passenger traffic in September. Specifically, 1.4 million passengers passed through the airports last month, representing a 7% increase compared to the same period in 2023. This marks the highest number of passengers for September in the airports’ history. The United Kingdom, Greece, Israel, Poland, and Germany were […]
In July 2024, the Industrial Turnover Index reached 152.7 units (base 2021=100), recording an increase of 6.,3% compared to July 2023, according to data published by CySTAT. In manufacturing, the Industrial Turnover Index for July 2024 reached 142.8 units, recording an increase of 8.4% compared to July 2023. Increases were also recorded in the sectors […]
The performance of the motor vehicle sales sector remains impressive, registering annual increases, while both the maintenance and repair of vehicles and the sale of parts and accessories demonstrate positive growth. As CySTAT figures show, the turnover value index of trade and repair of motor vehicles increased by 11.8% in the second quarter of 2024, […]
While cities are generally built to be fully functional during the day, an EU-funded project is examining the prospects for sustainable development of the night-time economy and whether this could be implemented in Nicosia as well. Simone d’Antonio, chief expert of the “Cities After Dark” network, the first ever European Union-funded project on the subject, told […]
Agriculture Minister Maria Panayiotou, sang the praises of Athienou village as she reaffirmed the government’s commitment to developing Cyprus’ rural economy by strengthening rural businesses and communities. Speaking at the 6th Athienou Products Festival in Konstantinio municipal park, Panayiotou praised Athienou as “one of the pioneering municipalities that is constantly developing despite the challenges it […]
Environment commissioner, Antonia Theodosiou, said the government was committed to the financial support of the wine industry. Speaking at the Afamia – Grape Festival in Koilani, of behalf of the president, Theodosiou explained that “despite the challenges, every effort is being made to support it.” The government also wanted “to enhance the production and promotion […]
PwC Cyprus is announcing the launch of PwC’s Academy Business Professionals Certificate (BPC) this October. Developed in partnership with the Institute of Chartered Accountants in England and Wales (ICAEW), the BPC is a unique programme designed to equip individuals with the essential business skills and knowledge necessary to succeed in today’s competitive landscape. With classes […]