Here are the top business stories in Cyprus from the week starting July 29: Deputy Tourism Minister Kostas Koumis recently completed a tour of Limassol’s wine-producing regions, focusing on villages known for making Commandaria. Koumis emphasised the importance of promoting this Cypriot dessert wine, describing it as “a duty owed to both our history and the local residents.” This initiative […]
Coral Bay has once again solidified its status as one of Cyprus’ most popular beaches, drawing record numbers of visitors to the Paphos district this summer. The beach’s pristine condition, thanks to extensive cleaning and improvement efforts by the Pegeia municipality, has contributed significantly to its enduring appeal. Beyond its natural beauty and well-maintained facilities, […]
A village packed with ancient artefacts and goldmines, plus a plethora of miraculous churches and Cyprus’ very first seismological station Mathiatis may not be the centre of the universe, but it is certainly considered to be the ‘centre of balance’ in Cyprus, and that’s not just according to local calculations: the British also chose it […]
When we’re away from the island, what do we long for? It’s a picture that’s far more nuanced than you might expect Well-behaved dogs, well-maintained roads, and drivers who use their indicators! According to an article, these are the things that Germans living abroad miss most about their homeland. Similar surveys have looked at overseas Brits […]
Elena Kulichenko, the flag bearer for the Cypriot delegation, has successfully qualified for the High Jump final at the Paris Olympic Games. The athlete secured her place in the final with a seventh-place finish in the qualification round. Kulichenko cleared a height of 1.92m to advance to the final. Despite three unsuccessful attempts at 1.95m, […]
Free short stay parking is now available in the taxis’ car park at Paphos airport, the transport ministry announced on Thursday. Those wishing to drop passengers off or pick them up will be able to do so by parking in the short stay parking spaces at the taxis’ car park. The road adjacent to the […]
In the first seven months of 2024, Cambodia earned more than $27 million from ticket sales to tourists visiting Angkor Wat Archaeological Park, Koh Ker temple and Chong Kneas floating village in Siem Reap province. The figures came yesterday from an Angkor Enterprise press release detailing statistics on foreign tourists visiting various attractions. Angkor Enterprise […]
A delegation from the Cyprus Chamber of Commerce and Industry, led by its president, Stavros Stavrou, and the president of the Larnaca Chamber of Commerce, Nakis Antoniou, visited the facilities of Bird Aviation on Wednesday, located within the premises of the old Larnaca airport. During the visit, the CCCI officials had the opportunity to tour the […]
The retail trade sector, excluding motor vehicles, recorded robust growth in June 2024, according to Cystat. It said the Turnover Value Index increased by 5.5% compared to June 2023, while the Turnover Volume Index rose by 3.2% over the same period. From January to June 2024, the Value Index showed an increase of 5.3% compared […]
Alpha Bank Cyprus announced on Friday that more than 4,000 of its borrowers received over €3 million in benefits through the bank’s reward programme. The programme, which ran from August 1, 2023, to July 31, 2024, offered reduced interest rates and protection from rate increases for customers who were up-to-date with their payments. In its […]
The government has abandoned the idea of jointly developing Larnaca’s port and marina, announcing instead that it will spend some €30 million to upgrade the marina and surrounding area, heeding the suggestions of the city’s local stakeholders. As for the expansion of the port and marina, Minister of Transport, Communications and Works Alexis Vafeades said […]
The value of cashless transactions in Cyprus reached €129 billion in the second half of 2023, with a total of 152 million transactions, reflecting an increase of 12 per cent and 15 per cent, respectively, on an annual basis. This growth rate outpaced the eurozone average, which saw a 7 per cent increase in transactions […]
For all to grow and prosper, every single entrepreneur should be ready to adapt themselves into the society’s turning point through new innovations and digital transformation since adopting changes and learning new things keep us up with situation both in the region and the world. The remarks were made by H.E. SUN Chanthol, Deputy Prime […]
Cyprus airports are operating normally despite escalating tensions in the Middle East, according to Hermes Airports. The company reported no flight cancellations or schedule changes on Thursday. Maria Kouroupi, Director of Aviation Development and Communication, emphasised the importance of maintaining uninterrupted flight schedules during the peak summer season. “At the moment, we do not […]
The Minister of Interior, Sar Sokha strongly believes that the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) of China will further promote investment and economic development in Cambodia’s priority sectors as the country aims to achieve a high-income status by 2030 and 2050. He made this statement on the occasion of receiving […]
A delegation of the Hong Kong Trade Development Council probed investment opportunities in Cambodia which has recently been ranked as the most potential destination for foreign direct investments (FDI) in 2024 by the FDI Standouts Watchlist for the year. The delegation from the Hong Kong Special Administrative Region of China, led by led by its […]