Cairo summit agreements key for regional prosperity, says Invest Cyprus

Cairo summit agreements key for regional prosperity, says Invest Cyprus

Invest Cyprus issued a statement on Monday underscoring the significance of five strategic Memoranda of Understanding (MoUs) signed on January 8 at the Egyptian presidential palace in Cairo. These agreements were formalised during a tripartite summit held in the Egyptian capital, bringing together the leaders of Cyprus, Greece, and Egypt to discuss collaboration across multiple […]

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Cyprus vehicle registrations rise 9.1 per cent in 2024 — EV share doubles

Cyprus vehicle registrations rise 9.1 per cent in 2024 — EV share doubles

Vehicle registrations in Cyprus rose by 9.1 per cent in 2024, reaching 49,616 compared to 45,494 in 2023, according to the state’s statistical service. Electric vehicles accounted for 4.0 per cent of registrations, up from 2.7 per cent in 2023, while hybrid vehicles grew to 37.1 per cent from 29.6 per cent. Passenger saloon car registrations increased by 4.9 per cent, totalling 38,410 compared to 36,608 in 2023. Among these, 39.2 per cent were new cars, while 60.8 per cent were used. Rental […]

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Greek buyer for Cyprus superstore

Greek buyer for Cyprus superstore

The sale of Superhome Center DIY in Cyprus to a Greek investor is moving forward, with the final deal expected to be concluded in the coming weeks. Sources confirmed to Kathimerini that the Greek investor is set to acquire 100% of the shares in Superhome Center, with the transaction expected to be completed by mid-month. […]

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Prince Bank and Forte Insurance officially launch bancassurance partnership to enhance financial and general insurance services in Cambodia

Prince Bank and Forte Insurance officially launch bancassurance partnership to enhance financial and general insurance services in Cambodia

Prince Bank and Forte Insurance officially launched a bancassurance partnership on January 11, 2025, to improve financial accessibility and security for Cambodian consumers. The event, hosted at the Prince Holding Group headquarters, signifies the start of a collaboration dedicated to delivering a wide array of financial services that cater to the dynamic needs of the […]

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This village in Cyprus with thermal springs has been voted one of the best tourist destinations in the world

This village in Cyprus with thermal springs has been voted one of the best tourist destinations in the world

Perched on the lush slopes of the Troodos Mountains in Cyprus, the village of Kalopanagiotis exudes authentic charm with its cobbled streets, Byzantine monasteries, and ancient thermal springs. Recognised by the UN as one of the best villages for tourism in 2024, this Cypriot gem offers a timeless journey into a vibrant culture and abundant […]

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Instant payments now available across Cyprus

Instant payments now available across Cyprus

The Central Bank of Cyprus (CBC) announced this week that it has started to accept instant payments on behalf of itself and its clients, including certain government departments and state organisations. The payments, effective from January 9, can be made from any payer account within Cyprus or across the Single Euro Payments Area (SEPA), the CBC said. Instant payments, also known as […]

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Paphos Marina tender set for early 2026 award if investors show interest

Paphos Marina tender set for early 2026 award if investors show interest

The Deputy Ministry of Tourism has set a January 25 deadline for stakeholders to submit suggestions regarding the Paphos Marina project, following the publication of its basic specifications. George Mais, president of the Paphos Chamber of Commerce and Industry, said the ministry published the marina’s key characteristics before Christmas to allow potential consortia and bidders to […]

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Short-term rental boom hits Cyprus 

Short-term rental boom hits Cyprus 

Cyprus surpassed other European countries like Croatia, Bulgaria, and Slovenia in short-term rental growth during 2024, according to Eurostat. The EU’s statistical office reported this week that short-term bookings in Cyprus jumped to 759,315 in September 2024, up from 642,601 the previous year. From January to September 2024, Cyprus recorded a total of 4,8 million […]

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