Global space players have chosen Cyprus as the base for the first international space innovation centre, which will build bridges of cooperation in humanity’s effort to return to the moon. The first of its kind International Space Innovation Centre, which is poised to become a hub for groundbreaking research, technological development and international collaboration in space […]
THE Honorary Consulate of Cyprus in Phnom Penh, Cambodia, is delighted to invite Malaysians to discover Cyprus, an island nation nestled in the Mediterranean Sea. Cyprus offers a captivating blend of history, natural beauty, and a thriving economy. Honorary Consul Salah Essa expressed the consulate’s enthusiasm for fostering closer ties and welcoming Malaysians to explore […]
The government is now aiming for the 2024 growth rate to exceed 4%, Government Spokesperson Konstantinos Letymbiotis said, following a flash estimate by the Statistical Service for a growth rate of 3.6% (3.7% when adjusted seasonally and based on working days). In a recent post on X, Letymbiotis notes that the Cypriot economy continues its upward trend, “through […]
GDP growth rate in real terms during the second quarter of 2024 is positive and it is estimated at 3.6% compared to the corresponding quarter of 2023, according to a flash estimate issued by CySTAT. Based on seasonal and working day adjusted data, GDP growth rate in real terms is estimated at 3.7%. This is the […]
On September 26 2024, the city of Limassol will host TEDxMolos Women 2024, an event designed to highlight and celebrate the evolving role of women in leadership. The event, set to take place at the historic Plevsis Hall in the Old Port of Limassol, will run from 18:30 to 22:00, promising an evening of inspiration […]
The assets of investment organisations in Cyprus increased by 0.9 per cent during the second quarter of 2024, according to a report released on Friday by the Central Bank of Cyprus (CBC). The central bank’s report showed that the total assets of investment organisations reached €6.85 billion by June 2024, up from €6.79 billion in […]
KUALA LUMPUR, Aug 16 (Bernama) — Cyprus, an island nation nestled in the Mediterranean Sea, is a holiday and investment destination worth considering, thanks to its rich history, natural beauty, and thriving economy. Consul Salah Essa of Cyprus’s Honorary Consulate in Phnom Penh, Cambodia, highlighted Cyprus’s appeal to holidaymakers and investors from Asia, including Malaysia, inviting them to explore […]
Vietnam remained the second biggest export market of Cambodia after the US in the first seven months of the year buying goods worth $2.2 billion from the Kingdom, a rise of 37.7 percent compared to the same period last year, according to the latest trade data from the General Department of Customs and Excise (GDCE). […]
Cyprus is set to enhance its traffic enforcement systems with two new lists aimed at improving the management of traffic violations captured by speed cameras. The first list, known as the “photoradar list,” will track individuals who have been notified of traffic fines via mail but have not collected their citations. The second list will […]
How venture capital can help transform Cyprus’ startup landscape By Andreas Panayi Despite the progress and momentum Cyprus has built over the past few years, it’s undeniable that our startup ecosystem is still in its infancy. Critical mass is still lacking and a couple of key foundational elements are not easily accessible. Without addressing these […]
A record 128,000 individuals with a net worth exceeding €1 million are expected to change their country of residence this year, exceeding the previous year’s record of 120,000, according to UK-based consultants Henley & Partners. The reason for the new record are plans by the UK’s new Labour government that will abolish or significantly modify […]
The Ministry has announced new investment interventions through the Strategic Plan of the Common Agricultural Policy 2023-2027, featuring subsidies amounting to €10 million. These are investments to modernise and improve the competitiveness of the overall performance and sustainability of agricultural holdings, as well as investments that contribute to the protection of the environment and animal […]
Euromoney, a leading international magazine specialising in banking, finance, and financial markets, has awarded the Bank of Cyprus the title of the best bank in Cyprus for 2024. This marks the ninth occasion that the bank has received this accolade from Euromoney. In a statement, the bank said that the award, which assessed its performance […]
The long-discussed regeneration project for the central avenue linking Kato Paphos to Coral Bay through Chloraks and Kissonerga is finally on the path to implementation after two decades of deliberation among Paphos stakeholders. The project, which is being developed in two phases, aims to significantly enhance road safety for pedestrians, cyclists, and motorists. The first phase has […]
The Municipality of Nicosia’s effort for sustainable urban development is anticipated to be strengthened and enriched through its participation in the Cities After Dark project which concerns the implementation of innovative urban policies that improve the quality of life for residents and visitors during the night. The project is part of URBACT, a European cooperation programme that aims […]
Beam Global has delivered solar charging kit to British Forces Cyprus which is now in use across the bases. This includes ten transportable electric vehicle charging points and an accompanying trailer to allow movement of the chargers. The equipment is in use across the Sovereign Base Areas camps at Episkopi, Dhekelia, Akrotiri, and Agios Nikolaos. […]