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 […]
Here’s an unbelievably delicious 5 minute halloumi recipe: pan fried golden, drizzled with honey and sprinkled with thyme. It’s a stellar combination of flavours – salty, sweet and earthy herb. Great starter, snack, or make a basic salad so much more interesting! Fried halloumi It’s impossible to resist devouring golden fried halloumi straight from the […]
Bruschetta, the humble Italian appetiser and classic antipasto, has a long and fascinating history. Bruschetta’s origins date back to ancient Rome, where the practice of toasting bread was a practical necessity. Farmers and labourers in Italy would use stale or leftover bread, toasting it over an open fire to restore its texture and flavour. This […]
The recent three-day Pchum Ben festival ended last Thursday recorded nearly 1.8 million tourists travelling across the Kingdom providing a significant boost to the country’s tourism industry and local economies. Battambang province received the most number of tourists at 215,559, while Siem Reap province and Preah Sihanoukville provinces received 173,000 and 165,595, respectively, a report […]
Here are the top business stories in Cyprus from the week starting September 30 The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus State Fair on September 27, offering an insightful look into research, innovation, and science. Organised by the Cyprus Research and Innovation Foundation (RIF), the event aimed to inspire curiosity […]
The House Price Index (HPI) reached 112.86 points in the second quarter of 2024, marking a 2.5% increase compared to the same period last year, according to preliminary estimates from the Statistical Service. The index rose by 1.2% compared to the first quarter of 2024. The HPI measures changes in the average price of residential […]
Cyprus’ is set to deliver a fiscal surplus of €1.13 billion in 2025, equivalent to 3.3% of GDP, according to the state budged presented to the House of Representatives. The budget outlines an overall increase in revenues of 6.2% in 2025, with a slight 1.2% reduction in expenditures compared to 2024. Total state expenditure for […]
The Central Bank of Cyprus (CBC) has revised GDP growth rate up by 0.5 percentage points for 2024, to 3.5%, compared to its forecasts last June, stressing that there does not seem to be any significant negative impact on investments from the conflict in the Middle East. Τhe CBC adds that the probability of a […]
Deloitte Cyprus has issued its 13th Transparency Report, covering the period from June 1, 2023 to May 31, 2024. This report presents the firm’s reflections on the 2024 financial year, offering valuable insights and a comprehensive analysis of how it upholds its responsibilities to clients, the market, its people, and society, always adhering to the […]
Solid pub food at chain venue There’s something particularly enjoyable about unplanned joy. A recent visit to Harat’s, an Irish pub in Limassol’s tourist area, was a spur-of-the-moment decision when another restaurant across the street was full. Instead of waiting for a table, we finally tried Harat’s out. Harat’s is part of a larger international […]
His Excellency Nikos Christodoulides, President of Republic of Cyprus: The Secretary-General of the United Nations, in his report on the Sustainable Development Goals, noted that by the end of 2022, there was more than a 50% increase in civilian deaths during conflicts and the violent displacement of 108 million people worldwide. I regret to point […]
Cyprus’s property market saw robust activity in August 2024, with the top 50 transactions across the island totalling 45.6 million euros, according to data analysed by Ask Wire. The most expensive sale was a 5.4 million euro residence in Agios Tychon in Limassol, real estate consultancy Ask Wire reported on Wednesday. Limassol and Paphos districts dominated […]