Cyprus has long been a shipping powerhouse, but its role is evolving fast to meet the needs of the digital age, according to Christoph Stork, CEO of Cyprus-based bunker trading platform XMAR. “When it comes to global shipping, Cyprus is bigger than it looks,” Stork told the Cyprus Mail. “It has built a reputation as one […]

Bank of Cyprus has launched a €2 million rewards programme for mortgage holders affected by recent European Central Bank interest rate hikes, the bank announced. The scheme targets 13,000 eligible customers who are members of the bank’s Pronomia loyalty programme, with more than 8,500 already responding to claim their benefits, primarily opting for cash payments. Diamond […]

Energy Minister George Papanastasiou is at the forefront of government initiatives designed to strengthen support for small and medium-sized enterprises (SMEs). These initiatives primarily focus on enhancing their access to finance, as well as the streamlining of procedures through the better use of technology. Currently, the Ministries of Finance and Energy are collaboratively advancing procedures […]

Eurobank Cyprus has renewed its cooperation agreement with Cyprus Seeds, a non-profit organisation focused on the commercialisation of innovative academic research. This is the sixth consecutive year of Eurobank supporting the organisation, something which the bank said “confirms its commitment to promoting innovation and entrepreneurship”. According to the announcement, this partnership aims to bolster the startup ecosystem and ensure […]

Both apartment prices and rental costs in Cyprus increased during the fourth quarter of 2024, rising by 1.3 per cent and 1.5 per cent year-on-year, respectively, according to real estate analytics firm Ask Wire. In its latest report, the company explained that this latest increase in prices is a reflection of strong demand. A closer look at the firm’s fourth-quarter report reveals growth in specific segments, with annual sale […]

Cyprus Airways will launch direct flights between Larnaca and Venice from May 30 to September 29, 2025, with fares starting at €86 one way, the airline announced on Monday. The twice-weekly service, operating on Mondays and Fridays, adds to the carrier’s expanding Mediterranean network, which includes major European cities and Middle Eastern destinations. The new route […]

The Paphos Leisure Centre Owners Association (SIKAP) has secured significant labour agreements to increase the number of third-country nationals working in the hospitality sector, the organisation’s president and Paphos Deputy Mayor Angelos Onisiforou said. The association has successfully negotiated with the Ministry of Labour to increase the hiring quota for non-EU workers, with approval times expected to […]

A contract for works that will enhance the production capacity of the Asprokremmos refinery by an additional 10,000 cubic metres per day over a period of 12 months, has been signed by the Agriculture Ministry’s Water Development Department and the company Mekel Limited. According to an announcement by the Department, the contract for the ‘Supply, […]

A total of 12 investment projects, with a total capital of $135 million and the potential to create 7,000 jobs, are currently under review by the Council for the Development of Cambodian (CDC). A meeting to evaluate the projects and discuss their eligibility for official registration was held at the CDC headquarters on February 4. […]

Long-haul travelers are setting their sights on Europe in Winter and Spring 2025, but it’s not just the usual hotspots making waves. A new report reveals that Monaco, Luxembourg, Cyprus, Montenegro, San Marino, and Malta are among the top destinations attracting international visitors. These countries are capturing global interest thanks to their rich history, breathtaking landscapes, strong safety […]