Minister of Transport, Communications and Works Alexis Vafeades has said contractors will be in place to continue specefic works at Larnaca marina “in about a year.” These contractors, the Minister continued, will be responsible for implementing specific short-term reconstruction projects selected to continue. Speaking on Ant1’s midday news show on 27 August, Vafeades mentioned that […]

August has seen high occupancy rates at Cypriot hotels, reaching or even exceeding 90 per cent in some cases, according to Hoteliers’ Association (Pasyxe) general director Philokypros Rousounides. Rousounides noted that despite various challenges, including regional conflicts, economic downturns in the UK, and major sporting events, the industry remains resilient. In statements to local outlet InBusiness, […]

The Cyprus Real Estate Agents Registration Council this week announced that it will conduct examinations for aspiring new real estate agents on Saturday, 26 October 2024. According to the announcement, these exams are essential for candidates seeking registration in the council’s official registry. Council president Marinos Kineyirou said that “the written examinations are conducted in accordance with Article 11(1)(a)(v) of the […]

The University of Cyprus’ Economics Research Centre (CypERC) is entering the second phase of its tax reform project, it emerged on Monday, after it had been tasked to come up with a series of proposals by the government. The proposed tax reform is set to focus on green taxation, reducing dependence on expensive electricity, and […]

Cypriot tennis legend Marcos Baghdatis is to play a one-off exhibition match against former world number one Andre Agassi in Limassol in September.The match will mark the opening of the Marcos Baghdatis Tennis Academy, which will be located on the site of the City of Dreams Mediterranean resort. As well as the tennis match, the […]

The Energy Ministry has expressed satisfaction over the response to its ‘’photovoltaics for all’’ scheme from consumers. A press release says that by July the Ministry received 6,000 applications which were budgeted for the first phase of the scheme in the framework of a wider project which aims to sponsor the use of RES in […]

Τhe year-over-year growth rate of the Cyprus Composite Leading Economic Index (CCLEI) remained positive in July, the Economics Research Centre (CypERC) of the University of Cyprus says in a press release. The Index, it is added, recorded a year-over-year increase of 0.8% in July 2024, following the year-over-year increases of 0.9% and 0.8% recorded in […]

The economy is advancing positively and shows resilience, Minister of Finance Makis Keravnos has said. Keravnos submitted the six-month fiscal report and briefed the cabinet on the course of the economy, on 23 August. In statements after the cabinet meeting, Keravnos said the aim of the report is to ascertain whether the economic fundamentals lie […]

The Cyprus regional finals of the Startup World Cup 2024 are set to take place on Thursday, August 29, at the BrainRocket premises in Limassol. The event will spotlight the region’s most promising startups, culminating in a chance for the winning team to compete at the Grand Finale in San Francisco. The Startup World Cup is a prestigious global event […]

Demand for modern office spaces in Cyprus, particularly in Limassol, remains strong in 2024, as companies pursue energy-efficient buildings, according to a report released on Monday from property consultants Danos. The company reported that office prices continue to rise, despite an increase in supply, following a significant low in early 2022 with rents now approximately 14 per cent […]

Country is on track to meet Maastricht debt threshold by 2026 Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year. According to a report released on Friday from the Cyprus Statistical Service (Cystat), the total general government debt was recorded at €22.81 billion at […]