The Bank of Cyprus on Monday announced a new reward programme for borrowers who have maintained timely payments on their home loans. According to a statement from the bank, the initiative aims to recognise and support borrowers who have been consistent in their repayment schedules, particularly in light of previous interest rate hikes by the […]

The Cyprus Standards Organisation (CYS) and the European Institute of Management & Finance (EIMF) have recently signed a Memorandum of Understanding (MoU). The signing of the MoU aims to enhance collaboration within their respective areas of expertise, according to an official announcement. “The MoU marks a significant step forward in strengthening the cooperative relationship between […]

The Research and Innovation Foundation (RIF) on Monday announced the launch of its new pre-seed programme, with a total budget of €1.2 million, which aims to boost Cyprus’ startup ecosystem. According to the foundation, the “pre-deed programme is designed to accelerate the growth of startups by providing funding for various early-stage activities”. These, the announcement continued, include initial […]

The Paphos Chamber of Commerce and Industry (Eve) has welcomed the signing of an agreement between the Deputy Ministry of Tourism and a consortium that will move the Paphos marina project forward. Specifically, the agreement involves the provision of consulting services related to the competitive tender process for the development of the Paphos Marina. “After […]

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 […]

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 […]