Projects worth €141 million are set to transform the Polis Chrysochous area in the coming years, said the mayor Yiotis Papachristofis. Among these developments is the €60m expansion of the harbour at Latchi, described as “one of the most important tourist hubs of the municipality”. In an interview with CNA, Papachristofis spoke about several key projects, including […]
Tourist arrivals in Cyprus displayed a slight yet steady increase in June 2024, recording a 5.5 per cent rise to 482,261 compared to 456,985 in the previous year, according to the Cyprus Statistical Service (Cystat). This upward trend is also reflected in the first half of the year, with arrivals from January to June 2024 […]
Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry. After Wednesday’s cabinet meeting he said: “Our goal was to remain close to the same performance as last year in terms of tourist arrivals […]
SARA DOUEDARI meets the two artists behind an exhibition this week that reflects on division and reconciliation The air in Nicosia is thick with history and memory, the scars of past conflict visible in the divided cityscape. The city, the last divided capital in Europe, is the poignant setting for the installation Cyprus Memory, a […]
The Bank of Cyprus on Monday announced a revision to its privacy statement in alignment with the European Union’s general data protection regulation (GDPR) and relevant national legislation. The updated statement aims to enhance the protection and respect for the personal data of individuals, effective from May 25 under GDPR. The privacy statement pertains specifically […]
Island Oil Holdings, a diverse conglomerate specialising in the supply and trading of marine fuels, has released its inaugural environmental, social, and governance (ESG) report, encompassing the fiscal years 2022 and 2023. According to the announcement, the company’s comprehensive report was prepared according to the Global Reporting Initiative (GRI) Standards 2021, as well as the […]
Invest Cyprus, represented by CEO Marios Tannousis, participated in the ‘Cyprus as a Destination of Opportunities for Indian Businesses’ webinar, organised by the Confederation of Indian Industry (CII). The event received strong support from H.E. the High Commissioner of India in Cyprus and H.E. the High Commissioner of Cyprus in India. During the webinar, Invest Cyprus […]
PHNOM PENH: A total of 338,654 tonnes of milled rice have been exported in the first six months of 2024, a year-on-year increase of 2.7 percent, earning a total revenue of US$247 million, up 7.8 percent from the same period last year, the Cambodia Rice Federation (CRF) said in a news release on Tuesday. The Cambodian milled […]
Low-cost airline Wizz Air celebrated a significant milestone this week, marking the transportation of 8 million passengers to and from Larnaca Airport since the company commenced operations in Cyprus. “This achievement underscores Wizz Air’s steadfast commitment to providing affordable and high-quality travel experiences,” the company stated in a press release. Wizz Air also highlighted that, […]
Cypriot lender AstroBank announced on Thursday the opening of its new branch in Dali, Nicosia, marking the 15th location in its expanding network. In its announcement, the bank noted that the branch is situated centrally at 1 Archbishop Makarios III Avenue, “ensuring easy access for the public”. “AstroBank’s aim is to effectively meet the contemporary […]
The Cyprus Investment Funds Association (CIFA) on Friday expressed satisfaction with the increase in Assets Under Management (AUM) of Cypriot investment funds. According to the latest data released this week by the Cyprus Securities and Exchange Commission (CySEC), Cyprus’ total AUM reached €9.1 billion at the end of the first quarter of 2024. This represents a […]
Greek airline Aegean on Friday announced that it carried 4.4 million passengers during the second quarter of 2024, recording an 8 per cent increase in passenger traffic. Furthermore, it reached a total of 7.3 million passengers during the first half of the year, which marks a 9 per cent increase compared to last year. In […]
Government employment increased by 4.8% in the first half of 2024, compared to the corresponding period of 2023, according to Cystat. In June 2024, total government employment reached 54,153 persons. For the period January – June 2024 average total government employment reached 54,721 persons, marking an increase of 2,524 persons (4.8%) compared to the corresponding […]
An increase in all sectors of economic activity was recorded in 2022 according to the results of CySTAT’s Services and Transport Survey, while the tertiary sector of the economy registered a positive growth rate in 2022 compared to 2021. According to the results of the Services and Transport Survey, production value during 2022 showed an increase […]
Hermes Airports, the operator of Larnaca and Paphos airports, has released preliminary estimates for passenger traffic and airline market share for 2024. Destinations: Unsurprisingly, the United Kingdom retains the top spot for inbound and outbound travel, followed by Greece, a popular choice for Cypriot students and vacationers. Also, arrivals from Israel have rebounded, according to […]
The Central Bank of Cyprus (CBC) presented the benefits of the planned digital euro at a press conference on Tuesday, while also providing details on the efforts being made behind the scenes to ensure its successful implementation. Among the advantages highlighted were its wide acceptance across the EU, stringent security standards, user-friendly nature, and guarantee […]