The cabinet has approved a sweeping tax reform package, the country’s first in 22 years, which now heads to parliament for debate and approval. Finance Minister Makis Keravnos described the reform as a “flagship project” that aims to distribute the tax burden more fairly, strengthen the middle class and low-income earners, and support small and medium-sized […]
Cyprus was ranked 30th out of 143 countries in this year’s edition of the World Justice Project (WJP)’s annual rule of law index, moving up a single place since last year. The island received a score of 0.67 out of a maximum score of one – the same as last year – seeing it also rank […]
The electricity authority of Cyprus (EAC) has begun the widespread installation of smart electricity meters across all districts, it was reported on Thursday. The replacement of each meter will require a temporary power outage, which the authority says should not exceed 20 minutes. The rollout starts on Thursday, and will continue throughout November. In Nicosia, […]
Malaysia’s leading dairy producer, Farm Fresh Group, has signed a memorandum of understanding (MoU) with Cambodia’s Alpha Group to establish a new dairy farm and milk processing factory in Cambodia, marking a major milestone in Farm Fresh’s regional expansion strategy. The agreement was signed on Sunday in Kuala Lumpur by Loi Tuan Ee, co-founder and […]
Kapopoulos Fine Arts opens a brilliant new group exhibition, and presents significant artworks of leading international artists, Greek and foreign, in Nicosia, at their gallery space at 43 Stasikratous Street on Friday, October 31. With three days of showcasing exceptional artworks for the true art lover, the public of Cyprus will have the opportunity to discover the trends of the international […]
Cyprus is making gradual progress toward its strategic goal of becoming a year-round tourist destination, buoyed by local hoteliers who are voluntarily extending their operating seasons. A number of hotels, primarily in the Ayia Napa and Protaras areas, have committed to staying open for an additional two weeks in 2026—both at the start of the season […]
Larnaca is experiencing a remarkable boom in tourism-related development, with dozens of new projects under way or awaiting approval, reflecting its growing appeal among both domestic and foreign investors. According to Politis, data from the Larnaca District Organisation of Local Government (EOA Larnaca) show a sustained rise in applications for tourism developments over the past three […]
Domestic production accounted for €33.71 trillion (91.5 per cent of the total supply of goods and services in the EU) in 2023, while imports contributed €3.14 trillion (8.5 per cent), according to Eurostat. This marked an increase in domestic production of €1.25 trillion (up from €32.45 trillion, 90.3 per cent of total supply) compared with 2022, while imports fell by €330 billion (down […]
Cyprus is gearing up for another strong tourism year, setting out a €74.6 million budget for 2026 that puts sustainability and year-round growth at the heart of government policy. Presenting the figures before the House Finance Committee, Deputy Minister of Tourism Kostas Koumis said the budget reflects a clear shift from a numbers-driven model to […]
Cambodia is targeting more strategic and sustainable investment, Land Management, Urban Planning and Construction Minister Say Samal said at the ground-breaking of the Port Yves Palace project, a landmark mixed development in Koh Rong city to enhance the nation’s tourism profile. The ceremony, attended by Preah Sihanouk Provincial Governor Mang Sineth and Koh Rong City […]
Tourism Deputy Minister Kostas Koumis held a series of meetings in Brussels earlier this week, with a focus on the sustainability, competitiveness, and resilience of the European tourism ecosystem, ahead of the Cypriot Presidency of the Council of the EU in the first half of 2026. According to an announcement released on Friday, Koumis held successive meetings with Magda […]
The leaders of Cambodia, Laos, and Vietnam have reaffirmed their commitment to strengthening cooperation across multiple sectors, aiming to enhance regional connectivity and economic integration within the Mekong subregion. Prime Minister Hun Manet, on Monday morning, hosted a working breakfast with his counterparts, Pham Minh Chinh, Prime Minister of Vietnam, and Sonexay Siphandone, Prime Minister […]
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 […]