Cyprus launched the International Maritime Tourism Festival 2025 this weekend at Ayia Napa Marina, with President Nikos Christodoulides pledging to make the island a leading maritime tourism hub in the Eastern Mediterranean and Middle East. “Our vision is for Cyprus to become a leading maritime tourism hub in the Eastern Mediterranean and the Middle East,” […]
Tourism in Cyprus is expected to once again achieve record performance in 2025, while for 2026 Nicosia is optimistic that the positive trend in tourism will continue, the island’s Deputy Minister of Tourism Kostas Koumis said on Friday during the discussion in the Parliamentary Committee on Finance regarding next year’s budget of the deputy ministry. […]
The Ministry of Agriculture, Rural Development and the Environment has announced that it is providing new opportunities to enhance the presence and exports of Cypriot wines in markets outside the European Union, through the Strategic Plan for the Common Agricultural Policy (CAP) 2023–2027. In a press release, the Ministry said that this action, implemented by the Department of Agriculture in collaboration with […]
The strategic importance of Ayia Napa Marina for the development of the free Famagusta district and the promotion of maritime tourism in the Eastern Mediterranean was highlighted by Chief Marina Officer Costas Fitiris as he addressed the International Sea Tourism Festival 2025 (ISTF). Fitiris welcomed attendees, noting that the presence of the President of the Republic […]
, excellent relations with neighbouring countries, and above all, our safety, make Cyprus a uniquely attractive destination,” he said. He noted that even though part of the island remains under Turkish occupation for over five decades — including 420 kilometres of coastline — the Republic continues to capitalise on the natural beauty and maritime wealth […]
Jefferies has reaffirmed its positive outlook on Greece’s two largest banks, the National Bank of Greece (NBG) and Eurobank, ahead of their upcoming third-quarter 2025 financial results. The investment firm raised its price target for NBG to €15.50 from €13.55 and for Eurobank to €4.15 from €3.70, maintaining a “Buy” recommendation on both lenders. Jefferies said the two banks are entering the final quarter […]
Passenger traffic at Larnaca and Paphos airports surpassed 10 million in the first nine months of 2025, marking a new record for Cyprus’ aviation sector. According to new data from Hermes Airports, a total of 10.7 million passengers travelled through the island’s two international airports between January and September, 7.7 million through Larnaca and 3 million through Paphos. For the sixth consecutive […]
The unavoidable imperative of strategic investment The capital divide The economic history of Cyprus is a tale of resilience, often defined by its agile recovery from external shocks and its strategic location. Yet, the demands of the modern global economy, characterised by rapid technological disruption and acute geopolitical uncertainty, require more than mere resilience; they […]
The United States and Cambodia have agreed to a trade deal that will provide U.S. exporters with unprecedented access to Cambodia’s market. According to the White House, Cambodia has agreed to eliminate all tariffs on U.S. goods, including food and agricultural products and industrial goods, meaning that U.S. exports to Cambodia will not face a […]
Prime Minister Hun Manet and US President Donald Trump yesterday officially signed the ‘Agreement on Reciprocal Trade’ aimed at boosting bilateral economic relations between the Kingdom and the world’s largest economy. The signing ceremony, held on the sidelines of the ASEAN Summit in Kuala Lumpur,was attended by Sun Chanthol, Deputy Prime Minister and First Vice-Chairman […]
The EU High Representative and Vice-President of the European Commission, Ms Kaja Kallas, welcomed the agreement between Cambodia and Thailand, underlining that it is an essential milestone for peace. “We commend President Donald Trump and Malaysia as ASEAN Chair for their efforts in sealing the deal,” she said. Ms Kaja Kallas also reaffirmed the EU’s […]
ASEAN officially welcomed Timor-Leste as its 11th member yesterday, marking a historic expansion of the regional bloc for the first time in 26 years and signalling a new era of unity and cooperation in Southeast Asia. The milestone was announced at the 47th ASEAN Summit and Related Meetings at the Kuala Lumpur Convention Centre, under […]
The Cabinet, chaired by Prime Minister Hun Manet, has approved the draft ‘Law on Finance for Management 2026’, setting government spending at more than $10 billion for the coming fiscal year. According to a press release issued following the plenary session on Friday, the draft law comprises six chapters and 15 articles. It places strong […]
Cambodia celebrated a major milestone in its aviation and tourism sectors yesterday with the official launch of the first scheduled flight connecting Phnom Penh and Tokyo, operated by Air Cambodia, the national carrier. The new route, which includes a stopover in Fuzhou, Fujian province, China, marks a significant step forward in strengthening Cambodia–Japan relations and […]
Interest in maritime studies has been steadily growing in Cyprus, mirroring the island’s long-standing relationship with the sea and the strength of its shipping industry. At the Cyprus University of Technology (Tepak), the Department of Shipping has rapidly become one of the country’s most popular academic choices, reflecting both the sector’s prospects and Limassol’s position as a […]
Business & economy wrap-up from the day before The 16th Limassol Economic Forum convened prominent figures to dissect how global disruption is reshaping economies and trade, stressing that resilience, reform, and leadership are crucial for Cyprus and Europe. Deputy Minister Irene Piki detailed the government’s strategy, built on reform, investment, and institutional integrity, to build […]