Synopsis: The approved projects are part of the Royal Government’s broader economic agenda, and are expected to generate over 53,000 new jobs. Authorities in Preah Sihanouk province Wednesday called on investors to share their concerns and feedback to improve the implementation of government incentives under a flagship programme that has already approved approximately $7 billion […]
The President of the Paphos Hotels Association, Euripides Loizides, has expressed satisfaction with the occupancy rate at Paphos hotels during the Kataklysmos Flood Festival long weekend, saying that it exceeded 90%. Also known as the Flood Festival, Kataklysmos marks Pentecost, a Christian holiday which takes place on the 49th day after Easter Day. It commemorates […]
Cruise ship passenger fees will increase from July 1, Kathimerini understands. The fee will be imposed per passenger and per port and its amount will vary depending on the time period. For Mykonos and Santorini during the peak tourism season, it will be set at 20 euros. According to information, the competent ministries are about […]
President of the Paphos hotel association (Pasyxe) Evripides Loizides on Thursday expressed satisfaction with hotel occupancy rates in Paphos during the long weekend of Kataklysmos, saying that they exceeded 90 per cent. In a statement to the Cyprus News Agency (CNA), Loizides described the month of June as “problematic” because, as he put it, the high cost […]
Passenger traffic at the airports of Larnaca and Paphos exceeded 4 million for the first time in history during the period from January to May 2025. According to an announcement by the Transport Ministry on Thursday, this marks an increase of 12.02 per cent compared to the same period in 2024. In May 2025 alone, the two […]
Merger activity accelerates among Cyprus’s largest banks Merger initiatives have accelerated in Cyprus, according to Aristidis Vourakis, president of the Association of Cyprus Banks and CEO of AstroBank, who also revealed that Deutsche Bank is considering a return to the island. Speaking during his address at the annual general assembly of the Association of Cyprus Banks, Vourakis stated […]
DP World Limassol on Thursday released a statement highlighting the expected arrival of around 140 cruise ships in 2025, underscoring the island’s resurgence as a major Eastern Mediterranean cruise destination. “The global cruise industry has emerged as a significant catalyst for tourism development, contributing substantially to local and national economies,” the Limassol cruise terminal operator said. “Cruise […]
President Nikos Christodoulides on Thursday praised Cyprus’ maritime sector during his address at the general assembly of the International Chamber of Shipping, which took place in Athens. “We are proud of the remarkable growth and ongoing success of our shipping sector, and we are working to expand it towards new horizons,” Christodoulides said. He added that shipping is “one of […]
Kammas hails impressive transformation of Cyprus banks Finance Minister Makis Keravnos on Thursday called on the Cypriot banking sector to step up lending, support innovation and startups, and embrace cultural change through digital transformation. “The challenges facing the banking sector are significant and require continuous adaptation, innovation and investment,” he said during the annual general meeting of the […]
In an exclusive with His Excellency Salah Essa, Honorary Consul of Cyprus to Cambodia, we uncover how two countries, thousands of kilometers apart, are finding common ground in trade, tourism, and cultural exchange. From a new sister city pact between Larnaka and Phnom Penh to business matchmaking and student exchanges, Salah Essa shares how Cyprus […]
The Association of Large Investment Projects recently held a meeting with the Honorary Consul of Cambodia in Cyprus Salah Essa. According to an announcement released on Thursday, the meeting formed part of the association’s strategy to strengthen international cooperation and attract foreign investment. The meeting took place at the headquarters of the Cyprus Chamber of Commerce and Industry (Keve), which the association operates […]
Australia and Japan are collaborating to strengthen Cambodia’s cashew industry by helping improve processing capabilities, while the quality and flavour of the Kingdom’s nuts. In 2024, only about 5 per cent of the Kingdom’s harvested cashews were processed domestically, with the vast majority exported before value was added. According to June 10 post by the […]
The Secretary General of the CCCI, Philokypros Roussounides, and Labour Relations Officer Andreas Alexi, are currently representing the Chamber at the 113th Session of the International Labour Conference (ILO), taking place at the Palais des Nations in Geneva. The Chamber posted on its social media: “Through their interventions, they are presenting the positions of the […]
Young visitors provide welcome boost Visitor numbers at restaurants, bars and coffeeshops across Cyprus ranged from 80 per cent to 90 per cent during the Kataklysmos long weekend, according to Neophytos Thrasivoulou, president of the hospitality owners association (Osika). “This year’s Kataklysmos weekend was one of the best in recent years in terms of footfall at leisure centres,” […]
From humble Cypriot tavernas to Michelin-starred marvels, here’s where to eat on this eclectic Mediterranean island Cyprus is often referred to as being at the crossroads of three continents – Europe, Asia and Africa – and as such their time-served influences can be seen on the menus of countless tavernas across the island. But, don’t go thinking Cyprus is set in its […]
Larnaca recorded the largest property price increases across Cyprus in the first quarter of 2025, whilst commercial properties declined, according to the latest RICS Cyprus Property Price Index with KPMG in Cyprus. The coastal city dominated quarterly gains across all major property categories, with apartments showing the most significant increases compared to the previous quarter, the index revealed. Apartments […]