The energy regulatory authority (Cera) has approved in principle an application from the Cyprus Transmission System Operator (TSO) to develop energy storage systems, it emerged on Friday. The request was submitted after parliament passed a harmonisation bill submitted by the government. Cera’s decision allows the TSO to temporarily own, develop, manage and operate energy storage facilities. The decision provides […]
AI drives strong growth in cloud infrastructure market Global spending on cloud infrastructure services reached $90.9 billion in the first quarter of 2025, according to estimates by industry analysts Canalys. The company reported that this represents a 21 per cent increase compared to the same period in 2024. Enterprises have recognised that deploying AI applications […]
Invest Cyprus on Friday issued a statement welcoming the decision by India’s Drone Destination to establish its European subsidiary in Cyprus. The agency, tasked with driving investment to the island, described the move as a significant step in strengthening economic ties between Cyprus and India. The Indian company, which specialises in drone technology and training and is listed on NSE […]
Larnaca airport has been classed among the best in Europe during the recent general assembly of the Airports Council International Europe (ACI) in Athens, Hermes Airports said on Friday. The airport came in second place in the category that included airports of five to ten million passengers after Sofia’s Vasil Levski airport, and awarded the […]
Modi visit unlocks new investment ties with Cyprus Eurobank on Thursday released a detailed report outlining its role as a catalyst in the evolving economic, commercial and business relations between India, Cyprus and Greece. The announcement came in the wake of the historic visit of Indian Prime Minister Narendra Modi to Cyprus, his first in 23 years. The […]
The Central Bank of Cyprus (CBC) has welcomed with particular satisfaction the announcement by the Council of Europe’s Moneyval Committee regarding the Enhanced Follow-up Report and Technical Compliance Re-Rating. The CBC said in a press release that the progress and upgrades achieved demonstrate that Cyprus continues to actively strengthen its legal and regulatory framework for combating […]
The European Commission has welcomed the political agreement reached this week by the European Parliament and the Council on the amendment of the Central Securities Depositories Regulation (CSDR) to shorten the settlement cycle in the EU from two days to one by 11 October 2027. A press release by the European Commission says that settlement is the process […]
For the first time in its history, the International Sea Tourism Festival one of the most important events of its kind, traditionally held in Greece is coming to Cyprus. F rom October 25 to 28, 2025, Ayia Napa Marina, in cooperation with the Deputy Ministry of Shipping of Cyprus and BoatsAdvisor Hub & Events, and under […]
Labour Minister Yiannis Panayiotou said that he spoke of the positive trajectory of the Cypriot labour market during an Employment, Social Policy, Health and Consumer Affairs Council which took place in Luxembourg. On the Council’s sidelines, the Labour Minister had a meeting with European Commission Executive Vice President Roxana Mînzatu and had bilateral contacts with other counterparts, and with European […]
Logicom Public Ltd on Friday announced the approval of a dividend payment of 10 cents per share, representing 29.4 per cent of the nominal share value, following decisions taken at its annual general meeting (AGM) held on June 19 in Nicosia. The proposed record date for determining shareholders entitled to receive the dividend is July 3, 2025, […]
CSE privatisation aims to attract strategic foreign investors The draft bill for the privatisation of the Cyprus Stock Exchange (CSE) was submitted to the House of Representatives on Thursday, paving the way for the selection of a strategic partner. The bill was previously approved by the Council of Ministers during its session on June 4, 2025. The […]
Agros Progress Development Public Ltd, parent company of the Rodon hotel, held its annual general meeting (AGM) on Thursday, during which shareholders approved a dividend distribution and made several changes to the board of directors. The meeting took place at the company’s registered office in Agros, where shareholders examined the annual financial report, which includes the final […]
Prime Minister Hun Manet stated that Cambodia has continued to build and maintain the confidence of both domestic and international investors due to the country’s favourable conditions and vast potential. He made these remarks at the celebration of the Official Establishment of the Cambodia Confederation of Investors Association (CCIA) and the 2025 Gala Dinner, organised […]
Wizz Air, Europe’s most environmentally sustainable airline, is delighted to announce the launch of a new direct route from Larnaca to Suceava, Romania. Following the recent announcement of three new routes, this latest addition further strengthens Wizz Air’s commitment to the expansion of its network from Cyprus. Flights to Suceava will operate on the 18th […]
Minister says similar projects planned to boost sports infrastructure nationwide Transport Minister Alexis Vafeades expressed pride on Wednesday during a presentation of the newly upgraded Spyros Kyprianou Athletic Centre in Limassol, ahead of its role as a host venue for FIBA EuroBasket 2025. “I am very proud of the entire team behind the renovation of this stadium, and for delivering […]
In a significant step towards enhancing bilateral ties between Penang and Cambodia, Cambodia Airways is set to launch a new direct flight service connecting Phnom Penh with Penang. The inaugural flight is scheduled to take off on June 26, 2025, offering twice-weekly services every Thursday and Sunday. This new route is expected to be a […]