Here are the top business stories in Cyprus from the week starting September 23: On Monday, Stella Ioannidou, a financial market infrastructures and payments expert at the Central Bank of Cyprus (CBC), clarified that the digital euro will offer the same level of privacy as cash notes. Addressing concerns raised by citizens across the euro area, Ioannidou debunked the […]
Cypriot tourism remains resilient in the face of ongoing conflicts in Ukraine and the Middle East, with the sector recovering and bolstering the local economy, according to the Association of Cyprus Tourist Enterprises (Stek). In an announcement released on Friday, the association welcomed the official celebration of the 45th World Tourism Day, which is hosted […]
Napa favourite doesn’t really pull the punches One final summer hurrah on the east coast of the island meant we also had to set ourselves up for a night out in the area. And when I say night out, I mean dinner and drinks. Having been told that it can be quite fun, we headed […]
Cyprus and China have reached a new agreement to allow more flights between the two countries, aiming to boost tourism, trade and business cooperation. The deal was signed on Thursday by Cyprus’ Civil Aviation Director Panagiota Demetriou and Han Joo from China’s Civil Aviation Administration, during a ceremony in Nicosia. The agreement updates a previous […]
A proposal to acquire 100 per cent of the issued share capital of Proodos Public, and by extension Rodon Hotel in Agros, has been presented to its board of directors, it emerged on Friday. According to a public statement, this preliminary offer, submitted on Thursday, is now under review. Specifically, Proodos, also known as the […]
The Shorewinner project, which aims to set up and develop a Southern European offshore wind energy community of practice, was successfully launched in Cyprus this week. The hybrid event took place on Thursday at the Cyprus Chamber of Commerce and Industry (Keve) in Nicosia, under the title ‘Energy for the Future’. The launch attracted key […]
US business professionals and executives expressed a strong interest in investing in Cyprus during a working lunch with president Nikos Christodoulides. The meeting, which took place in New York on Thursday, sought to enhance economic ties between the two nations. “The primary objective of the meeting was to explore opportunities for attracting high-quality investments to […]
The opening of Salina Park, Larnaca’s newest urban green space, has been delayed by two months due to the summer heatwave. The park, which was originally slated for completion in August, is now expected to open in October. Mayor Andreas said that the contractor was granted justified extensions due to the extreme weather conditions. The 14,000-square-meter park […]
The Startup World Cup Nicosia Finals 2024 concluded this week, with DISPL, a Cyprus-based startup leveraging AI technology for real-time offline marketing automation, taking home the top prize. The event, which showcases the island’s growing role in global technological advancement, saw startups from across the country competing for a chance to represent Cyprus at the […]
The Business Society Accelerator (BSA) recently hosted a fireside chat titled “Pioneering Success: Business and Beyond,” featuring biotech entrepreneur Marianna Prokopi-Demetriades. The event, organised in collaboration with RSEVEN, Theramir, RSL Labs, and other partners, offered valuable insights into entrepreneurship, innovation, and leadership. The evening began with Efi Philippou, a core member of the BSA team, […]
President of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides on Thursday called on tourism professionals to promote peace through high-quality services. He also encouraged tourism sector stakeholders to present Cyprus as a peaceful and progressive destination ahead of World Tourism Day on September 27. In his statement, Michaelides stressed the connection between tourism and peace, […]
The Paphos Regional Tourism Board (Etap) has announced the return of free tours to the Akamas communities for the next three months, aiming to highlight points of interest and boost visitor numbers. According to the announcement, this initiative is part of the support measures for the Akamas communities announced by the President of the Republic […]
Cyprus and China are signing on Thursday an inter-state agreement in the aviation sector aimed at liberalising flights between the two countries. The deal, to be signed in Nicosia, seeks to enhance air connectivity for both leisure and business travellers. The Memorandum of Understanding (MoU) and intergovernmental agreement will be signed by Han Zhu, Deputy […]
There is so much going on this weekend – we always say it but this weekend is particularly busy wrapping up an eventful September. Limassol in particular is bursting with events and festivals, while Nicosia, Larnaca and even Paphos have a rather rich events agenda as well. Plenty to choose from this weekend! An array […]
The car market is continuing its upward momentum, with the first eight months of the year living up to the expectations of dealerships and others involved in the market. In the first eight months of 2024, passenger saloon car registrations rose by 13.1% to 26,902 compared to 23,777 in the same period last year. About […]
Cyprus will dispatch a business delegation to Slovakia and the Czech Republic to boost ties and foster collaborations across several sectors, according to an announcement released on Wednesday. These sectors include information, communication, and technology (ICT), financial services, and investment funds. The delegation will host business forums in Bratislava and Prague to facilitate this effort […]