The Bank of Cyprus claimed two prestigious Gold Awards at Bousias’ Cyprus HR Awards for 2023, according to an announcement released on Tuesday. The bank was awarded ‘Best Change Management Strategy & Initiative’, as well as ‘Best Partnership with Educational Institutions, showcasing its innovative approach to internal engagement and staff development. The bank’s first Gold […]
The Central Bank of Cyprus (CBC) has unveiled a new strategic framework for 2025-2026, built upon three pillars comprising specific actions aimed at institutional evolution, operational efficiency and modernisation. Central Bank Governor Christodoulos Patsalides, speaking at the “Credit Risk Management Conference – ESG Impact on Credit Risk: Navigating Through Challenges”, emphasised that rapidly changing economic, social, technological and […]
The National Observatory of Cyprus has been named a finalist at the 2024 World Architecture Festival in Singapore, competing against projects by leading firms including Zaha Hadid Architects and Foster + Partners. Designed by Cypriot practice Kyriakos Tsolakis Architects, the observatory in Agridia village will be presented in the ‘Completed Projects’ category by partner Elena K. Tsolakis […]
Cyprus’s retail trade turnover value index rose by 3.1% in September 2024 compared to the same month last year, the Statistical Service reported. The retail trade turnover volume index also showed positive growth, increasing by 3.3% year-on-year in September. For the January-September 2024 period, the value index recorded a 5.0% increase, while the volume index […]
The Cyprus Shipping Chamber has expressed its strong support to a joint statement by the European Community Shipowners’ Associations (ECSA) and the European green transport advocacy group Transport & Environment (T&E). The joint statement calls on EU policymakers to prioritise clean fuel production as a crucial component of the upcoming Clean Industrial Deal and emphasises the urgent need […]
The Hotel Professionals of Cyprus (Pasydixe) on Monday appointed Polis Kallis as its first general manager, according to an official announcement. The announcement explained that the new role is aimed at reinforcing the association’s structure, combined with providing better support for hotel professionals across Cyprus. Pasydixe, part of the Cyprus Chamber of Commerce and Industry […]
A window of many opportunities can be opened for Cyprus by the UK’s abolition, from April 6, 2025, of the non-dom status, since Cyprus has for 17 years offered this status, with all the related privileges, and can continue to do so, Georgia Papa, Corporate and Commercial Law lawyer and Partner at Pyrgou Vakis LLC, […]
Here are the top business stories in Cyprus from the week starting October 28: Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource efficiency, according to a recent Eurobarometer survey published by the European Commission. The survey highlighted the need for targeted support to help SMEs expand […]
The Retail Trade Turnover Value Index in Cyprus saw a 3.1 per cent increase in September 2024 compared to the same month in 2023, according to a report from the Cyprus Statistical Service. During the same month, the Retail Trade Turnover Volume Index also rose by 3.3 per cent year-on-year, indicating an overall growth in […]
Cypriot residents spent a total of €2.23 billion on travel both within Cyprus and abroad in 2023, according to a report by the Cyprus Statistical Service. In addition, a total of 484,365 residents made at least one trip involving an overnight stay, reflecting an 8.4 per cent increase from 2022. The data shows that while […]
A series of actions and projects to support, highlight and strengthen tourism in Cyprus, is anticipated to be promoted and implemented in 2025 by the Deputy Ministry of Tourism, according to its Budget, as it was recently submitted to the Parliament for discussion and voting. Among other things, the Deputy Ministry will carry out advertising […]
The Ministry of Development announced the approval of 271 investment projects throughout Greece, with a total budget of 858 million euros. According to a statement, the approvals concern two cycles of tourism (162 investments) and one cycle of manufacturing (109 investments) of the Investment Incentives Law of 2022. Businesses will receive €224 million as a […]
The Cyprus Mail speaks with Paschalis Nicolaou, a multilingual specialist in international business with extensive experience as a China market consultant. With fluency in Mandarin and a strong foundation in both Cypriot and Chinese business practices, Nicolaou has developed a niche for bridging cultural and commercial divides between Cyprus and China. His journey began with a […]
Cypriot residents spent a total of €2.23 billion on travel both within Cyprus and abroad in 2023, according to a report by the Cyprus Statistical Service. In addition, a total of 484,365 residents made at least one trip involving an overnight stay, reflecting an 8.4 per cent increase from 2022. The data shows that while […]
A team from Amazon Prime is currently in Cyprus as one of the reality shows it has invested in, the Danish version of Roast on the Coast, is filming in Paphos, with the Director and Chairman of the Cyprus Film Commission, Lefteris Eleftheriou, revealing that he has met with the officials who he said are […]
The office of the council of ministers said Cambodia’s GDP per capita in 2025 is expected to rise to $2,924—a rise of over 40 percent over the projected 2024 figures. Economic growth is expected to reach 6.3 percent. This would bring the current GDP to nearly $51.398 billion. The industrial sector is projected to grow […]