Mission to Saudi Arabia boosts Cyprus’ foreign investment prospects

Mission to Saudi Arabia boosts Cyprus’ foreign investment prospects

Invest Cyprus on Wednesday announced that it has concluded a successful mission to Saudi Arabia. The mission, the agency said, will help facilitate future collaborations, supporting the country’s objective to increase foreign direct investment. Specifically, Invest Cyprus travelled to Saudi Arabia to take part in the 28th World Investment Conference (WIC), organised by the World Association of Investment Promotion […]

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Cyprus tourism set a new standard in 2024, minister says

Cyprus tourism set a new standard in 2024, minister says

Cyprus achieved record-breaking tourism results in 2024, according to Deputy Minister of Tourism Costas Koumis. Speaking at the annual general assembly of the Association of Cyprus Travel and Tourism Agents (ACTA), he highlighted that October set a new benchmark, with arrivals surging by 26 per cent compared to 2022. Koumis praised the sector’s resilience in the face of challenges such […]

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Cyprus Business Now: tech adoption, real estate amendment, VC fund investment

Cyprus Business Now: tech adoption, real estate amendment, VC fund investment

Cypriot businesses have accelerated their digital transformation efforts in 2024, according a study on the use of information and communication technologies (ICT) and e-commerce. Conducted by the Cyprus Statistical Service (Cystat), the study revealed the widespread adoption of such technologies in order to stay competitive and drive growth. Specifically, 84.1 per cent of businesses now […]

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€90m Cyprus mountain highway on track for 2025 completion, minister says

€90m Cyprus mountain highway on track for 2025 completion, minister says

Transport Minister Alexis Vafeades inspected the Astromeritis-Evrychou motorway construction site on Tuesday, confirming the €90 million project remains on schedule for completion in October 2025. The motorway, which began construction in October 2022, aims to strengthen connections between the Troodos mountain communities and Nicosia. During his site visit, Vafeades expressed satisfaction with the progress, noting that contractors […]

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Shanghai firm keen on investing in FTC project

Amid the media reports over the financial uncertainty surrounding the construction of the Funan Techno Canal (FTC) project, Shanghai Hantang Shipping Co Ltd, a Chinese company specialising in logistics and water transportation, has expressed its interest in investing in this megaproject and its associated logistics systems. Noting the potential of the Kingdom’s colossal project, Jason […]

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Limassol to pedestrianise main shopping street on festive Sundays

Limassol to pedestrianise main shopping street on festive Sundays

The Limassol Municipality will pedestrianise Anexartisias Street, the city centre’s main commercial thoroughfare, for three consecutive Sundays during the Christmas and New Year period. In a statement, the municipality said that with Cyprus Police Chief’s approval and in accordance with Limassol Municipal Regulations 2006 regarding traffic management, Anexartisias Street will be closed to vehicles on […]

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Cyprus ready for EU crypto assets regulation

Cyprus ready for EU crypto assets regulation

Cyprus is well prepared for the new EU crypto assets regulation, ushering in a new era on January 1, 2025, the Cyprus Securities Commission assured President Nikos Christodoulides on Monday. Presenting CySec’s report for 2023, chairman George Theocharides said there was “a healthy growth in the securities sector” and outlined a series of challenges ahead. […]

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Limassol drives Cyprus’ high-end property market with €9.9 million deal

Limassol drives Cyprus’ high-end property market with €9.9 million deal

Limassol led Cyprus’ high-value real estate market in October, driving €34.6 million in top property sales, according to real estate analytics firm Ask Wire. The district recorded four of the ten most expensive transactions, including the highest-value sale of the month—a €9.9 million mixed-use building in the Panagia Evangelistria area of Kato Polemidia. Ask Wire’s analysis shows that […]

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Ancient inscription discovered at Cyprus archaeological site (photos)

Ancient inscription discovered at Cyprus archaeological site (photos)

Archaeologists have made an unexpected discovery during this year’s excavation season at Kouklia-Martsello in Palaepaphos, unearthing a fragmentary inscription in Cypriot syllabary found embedded in a wall dating to the Cypro-Archaic period. The Department of Antiquities of the Deputy Ministry of Culture announced the completion of the fourth excavation period for 2024 at the site […]

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She bought a private island in Cambodia for US$15,000 and turned it into a barefoot luxury paradise

She bought a private island in Cambodia for US$15,000 and turned it into a barefoot luxury paradise

This audio is generated by an AI tool. By Melissa Stewart 01 Dec 2024 06:15AM (Updated: 01 Dec 2024 06:30AM) Bookmark WhatsAppTelegramFacebookTwitterEmailLinkedIn Two decades ago in 2004, Melita Koulmandas was exploring Cambodia’s Koh Rong archipelago with her former partner on a rented fishing boat when, on the last day, the pair stumbled upon two tiny rainforest […]

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