The Cyprus Composite Leading Economic Index (CCLEI) recorded a year-over-year increase of 2.3% in December 2024, following the year-over-year increases of 2.2% and 2.0% recorded in November and October 2024, respectively. The CCLEI maintained its upward trajectory in December 2024, with the majority of its leading economic variables (namely, the Cyprus ESI, tourist arrivals, credit […]

The decision of the Halloumi Monitoring Committee to extend the 15% quota on mixed Halloumi until the end of February proves that it is fulfilling its mission to the fullest. One of its goals is to safeguard exports of PDO Halloumi, with the President of the Republic and the Minister of Agriculture upholding their commitment […]

Available rental properties across Cyprus have reached 4,484 units, with apartments averaging €1,803 and houses €3,249 monthly, according to new data released by Landbank Analytics for January 2025. The analysis reveals a significant regional price disparity, with Limassol commanding the highest rents. The city accounts for 45% of available apartments nationwide, with an average monthly […]

The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre of the University of Cyprus (CypERC), recorded a year-on-year increase of 2.3 per cent in December 2024. This marks a steady upward trajectory, following growth rates of 2.2 per cent in November and 2 per cent in October 2024, according to revised […]

To tackle traffic congestion and improve urban development, the municipalities of Limassol, Amathus, and Polemidia have teamed up on a collaborative spatial planning initiative, aimed at enhancing the city’s organisation while preserving the environment.  The Limassol Chamber of Commerce & Industry (Evel) has shared comments by Amathus mayor Kyriakos Xydias, who said that “the initiative […]

A host of capital hopefuls, from universities to major brands will be expecting to make a splash in the city centre over the coming months, marking a new era for one of the country’s most historic and significant commercial areas. Investor interest must surely be the most accurate indicator of development and the heart of […]

The last Year of the Snake was 2013 – and we all know what that brought! Are you a Blunt-Nosed Viper or a Cyprus Whip-snake? Perhaps you’re one of the island’s rarer species: the Coin Snake, Dwarf Snake, or Worm Snake (an elusive ophidian that lives quietly underground). Either way, there’s one criterion that will determine […]

In the rapidly evolving tech industry, where innovation and adaptability are the keys to success, DC Sport Soft, an IT company, has carved out a distinct niche. Under the leadership of CEO Liudmila Marochkina and supporting her team of professionals, the company has built a reputation for delivering end-to-end digital solutions tailored to meet complex […]

Here are the top business stories in Cyprus from the week starting January 20: Limassol has the highest rental prices in Cyprus, averaging €4,492 for houses, while Famagusta has the lowest, with apartments averaging €745, according to a report released on Monday from Landbank Analytics. Moreover, capital markets are expected to continue being influenced by the demands of the digital transition, the rise of artificial intelligence, […]

Huge construction projects are underway across Asia as countries invest in their infrastructure to boost economic development. Such ambitious projects spas everything from new roads to bridges, ports and even airports. One country currently modernising its transport capabilities is Cambodia, which is looking to increase the number of visitors to the country. To that end, Cambodia has embarked on an […]

Parades planned across the island in the run up to Easter The carnival season is fast approaching! Coming up earlier this year, carnival season is getting ready to fill every corner of the island with masquerade parties, confetti, music and song. As it signals spring and the Easter period, the carnival is a beloved time […]

Cyprus is gearing up to join the Schengen Zone by 2025, aiming to boost tourism and simplify travel for millions. Learn about its plans, challenges, and the potential impact on global travellers.Cyprus is on the cusp of a significant milestone in its European integration journey, aiming to join the Schengen Zone by the end of 2025. […]

Murals from the 12th and 16th centuries are visible in Paphos’ oldest monastery, Panayia Chrysolakournas, Steni community leader Elias Lampides said on Saturday. Speaking to the Cyprus News Agency, Lampides said the monastery, the seat of the Paphos bishopric in the Middle Ages, “is in a magnificent location, overlooking the bay of Polis Chrysochous and Cape Akamas.” According […]