Passenger traffic at Athens International Airport took off last month, registering a 10.5% increase compared to August 2023. According to data from AIA, passenger traffic reached 3.64 million in August 2024, up 10.5% compared to August 2023 levels. In detail, both domestic and international passenger traffic exceeded the corresponding figures for last year by 6.8% […]

The Industrial Turnover Index increased by 2.6% in June 2024 on an annual basis, Cystat said. The index reached 136.6 units (base year 2021=100). For the period January to June 2024, the index recorded an increase of 2% compared to the same period in the previous year. In manufacturing, the Industrial Turnover Index for June […]

The Cyprus Information Technology Enterprises Association (CITEA) announced this week that it has signed a cooperation agreement with the Dubai World Trade Centre (DWTC). This agreement paves the way for Cypriot IT companies to participate in the prestigious GITEX technology exhibition, held annually in Dubai. This agreement marks a significant step forward for Cyprus’ growing […]

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that the Shorewinner project, a pioneering effort to advance skills in the offshore renewable energy sector, is set for its official launch in Cyprus. The chamber will host the event at its premises in Nicosia on September 26. It is scheduled to start at 11:00 and conclude at […]

Alessandro Camilotti joins from Swedish financial technology company Klarna Digital banking platform FINOM, which also has offices in Cyprus, announced the appointment of Alessandro Camilotti as its new chief financial officer on Thursday. The Amsterdam-based firm explained that Camilotti’s appointment aims to bolster the executive team as FINOM scales its operations across the European Union. […]

Cyprus’ Turnover Value Index for the transport and storage sector reached 139.4 units in the second quarter of 2024, marking an increase of 1.8 per cent compared to the same period last year. The Cyprus Statistical Service (Cystat), which released its latest transport and storage sector report this week, noted that 2021 serves as the base year with a value […]

A large environmental and social initiative for Paphos and its neighbouring urban areas is advancing as architectural plans are being drawn up for the Eastern Linear Park. Situated along the borders of Paphos, Geroskipou, and Konia, the park will extend from the Limassol-Paphos motorway’s terminal roundabout to the Limnaria area in Kato Paphos. The project […]

The Turnover Index in Transport and Storage for the second quarter of the year showed an annual increase of 1.8%, reaching 139.4 points. According to the Statistical Service, compared to the second quarter of the previous year, increases were recorded in the following economic activities: land transport (6.7%), water transport (6.4%), postal and courier activities […]

Saudi Arabia’s Transport Minister Saleh Al Jasser visited the Eurogate Container Terminal in Limassol this week to review its upgraded infrastructure and operations. According to Eurogate, During the visit, Al-Jasser, accompanied by Cyprus’ Transport Minister Alexis Vafeades and Deputy Minister of Shipping Marina Hadjimanolis, toured the terminal. He was briefed by Chief Operating Officer Alexandros […]

The Deputy Ministry of Tourism this week announced the launch of the second round of its grant scheme for the revival of rural, mountainous, and remote areas. The scheme is aimed at enhancing and upgrading Cyprus’ tourism product through the creation of authentic experiences. The announcement also said that the scheme follows a relevant decision by the Council of Ministers.Interested […]

Administrative, support and real estate services in Cyprus performed well during the second quarter of 2024, according to the latest services turnover value index report. Specifically, according to the Cyprus Statistical Service (Cystat), administrative and support service activities saw an increase of 11.3 per cent compared to the same period in 2023. Real estate activities […]

Paphos mayor Phedonas Phedonos on Wednesday hailed the opening of the American University of Beirut’s new campus in his town, describing it as “one of the most important projects” Paphos has undertaken in its history. “This university has charted a course for almost 160 years in our neighbouring country, Lebanon. Without any doubt, the American University […]

The Retail Trade Turnover Value Index in Cyprus increased by 3.4% in July this year compared to the same month in the previous year, according to data released by CySTAT. During the same period, the Retail Trade Turnover Volume Index also recorded a rise of 1.2% year-on-year. For the period from January to July 2024, […]

Cyprus saw an increase in the sales of petroleum products during July, which totalled 134,484 tonnes, marking a 4.6 per cent increase compared to July 2023. According to a report released on Tuesday by the Cyprus Statistical Service (Cystat), there was a rise in the sales of marine gasoil, which jumped by 11.9 per cent. […]

Globeducate, one of the world’s leading K12 education groups, this week announced the acquisition of Cypriot educational group Olympion. This notable group of private Greek schools, situated near Nicosia, educates nearly 450 pupils aged 6 to 18 across Gymnasium, Lyceum, and, starting in September 2024, elementary stages. The acquisition strengthens Globeducate’s presence in Cyprus and […]

Cypriot startup Placy has secured €1 million in pre-seed funding, according to an announcement released on Tuesday. The company provides an AI-powered virtual companion that aims to reshape how real estate is bought and sold. Placy was created to take on a number of routine tasks, including valuations, research, scheduling viewings, and drafting agreements, among others. This […]