The Republic of Cyprus will on Tuesday, 29 July, officially submit its interest in the ‘SAFE’ regulation to the competent committee of the European Union, Minister of Defence Vasilis Palmas has confirmed. On 30 November, the amount, needs, and programmes for Cyprus’ participation will be submitted in detail, while the Ministry of Defence will consult […]
Cyprus Ports Authority has announced the signing of the contract with the contractor company DBA SpA for the study of the construction of a land-based electricity supply system at the New Port of Limassol. The study will cover technical, economic and environmental aspects of the installation, as well as the required adjustments to the existing […]
The total sales of petroleum products in June 2025 amounted to 140,669 tonnes, recording an increase of 10.4% compared to June 2024, according to data published by CySTAT. A rise was observed in the provisions of marine gasoil (228.6%) and aviation kerosene (20.4%), as well as in the sales of kerosene (320%), heating gasoil (30%), […]
The island’s number one real-estate platform, BuySell, in collaboration with AXIA Chartered Surveyors, has completed the largest and most comprehensive study of property sale prices ever conducted in Cyprus. The analysis covers 121,434 properties listed for sale on BuySellCyprus.com. The results will be announced through a series of press releases over the coming weeks. The first part of […]
The Cyprus Ports Authority (CPA) has signed a contract with firm DBA S.p.A. for the preparation of a comprehensive study on the development of an onshore power supply (OPS) system at Limassol port, marking a key step in the island’s green transition. The study will examine the technical, economic, and environmental dimensions of the planned […]
Company will gain access to advanced GPU resources and deep learning tools Bolsterup, a startup with Cypriot roots, announced that it has been accepted into the NVIDIA Inception Program, a global initiative that supports startups developing cutting-edge technologies across industries. “We’re excited to share that Bolsterup has been accepted into the NVIDIA Inception Program,” the company said, […]
The average gross monthly earnings of employees in Cyprus reached €2,509 during the first quarter of 2025, according to a report from the state statistical service released on Tuesday. This reflects a 5.4 per cent increase compared to €2,382 in the first quarter of 2024. The report also indicated that seasonally adjusted average gross monthly earnings rose by 1.4 per cent in […]
MB Bank (Cambodia) Plc. (“MB Cambodia”) is pleased to bring greater benefits to its customers through a special promotion offering free overseas remittances to Vietnam, available from today until 31 December, 2025. This initiative reflects MB Cambodia’s commitment to providing secure, convenient and affordable financial services for customers, while also contributing to economic growth and […]
Limassol-based marine fuel trading firm Island Oil has opened a new international trading office in Dubai, marking its seventh trading desk globally and strengthening its presence across key marine fuel markets. Chief Operating Officer Vangelis Marinakis said the newly established Dubai office is “an important step towards the full coverage of the marine fuel market […]
MHV Mediterranean Hospitality Venture Plc, a leading player in the hospitality and real estate space, on Monday announced the approval of a new bond loan programme and subscription agreement amounting to a maximum of €20 million. According to a filing on the Cyprus Stock Exchange (CSE), the company confirmed that its board of directors examined […]
Total deposits in Cyprus recorded a net increase of €654.7 million in June 2025, compared to a net increase of €20.8 million in May 2025, according to data released by the Central Bank of Cyprus (CBC). The figures were published in the July 2025 edition of the monetary and financial statistics, which include data from monetary financial institutions […]
The Research and Innovation Foundation (RIF), in collaboration with the Deputy Ministry of Research, Innovation and Digital Policy, on Monday announced the launch of a new flagship funding programme titled ‘AI in Government‘. According the announcement, this initiative “marks a new era of digital transformation in the public sector through the deployment of Artificial Intelligence (AI)”. “The […]
The Bank of Cyprus (BoC) on Monday announced that its board of directors will meet on August 4, 2025, to examine the financial results for the Bank of Cyprus Group for the first half of the year. The meeting will also consider the declaration and payment of an interim dividend for the six months ended June 30, 2025. Moreover, […]
A newly configured archaeological site at the Protaras islands area in Paralimni has opened, the department of antiquities announced on Monday. The site includes the remains of a settlement from the neolithic pottery period (circa 5200-4800 BC), situated on a hill above Vyzakia beach. The site represents the largest excavated and studied settlement from this […]
Cambodia and Thailand have agreed to an immediate and unconditional ceasefire following a high-level special meeting hosted and chaired by Malaysian Prime Minister Dato’ Seri Anwar Ibrahim in Putrajaya, with the support and participation of key international stakeholders, including the United States and China. In a joint press release issued this evening, the governments of […]
The Council for the Development of Cambodia (CDC) yesterday hosted a delegation from AL Mansour Asia for a comprehensive discussion on the Kingdom’s current investment climate, with a specific focus on identifying prospective opportunities across key sectors, including agriculture, industry, infrastructure, and logistics. The meeting at the CDC headquarters saw Sun Chanthol, Deputy Prime Minister […]