The Ministry of Public Works and Transport (MPWT) and the Japan International Cooperation Agency (JICA) Friday discussed the master plan to develop the Sihanoukville Autonomous Port (PAS), the Kingdom’s largest seaport, into a regional port and logistics centre. The meeting was presided over by Peng Ponea, Minister of MPWT and Sanjo Akihito, Director General of […]
Vice-President at the European Investment Bank Kyriacos Kakouris has described an investment plan meeting with representatives of the Electricity Authority of Cyprus (EAC) as “productive” and reiterated EIB’s support of the island’s increased sustainability. More specifically, in a LinkedIn post, Kakouris said the meeting was held to discuss the EAC’s investment plan for grid modernisation, […]
The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the Cyprus Real Estate Agents Registration Council. In its report, the council noted that Paphos is currently enjoying strong interest from international buyers, while Limassol […]
The Bank of Cyprus Holdings Public Limited Company announced on Friday that it has repurchased a total of 227,383 of its own ordinary shares between April 17 and April 24, 2025, as part of its ongoing share buyback programme. The purchases were executed through the Cyprus Stock Exchange (CSE) and the Main Market of the Regulated Securities Market of the Athens Stock Exchange (ATHEX), […]
Logicom Public Ltd has announced that its board of directors has approved the company’s annual financial report for the year 2024. This includes the group’s and the parent company’s audited consolidated financial statements, the management report, and the corporate governance report. These will be presented at the company’s annual general meeting (AGM), which is scheduled to take place on June 19, […]
Here are the top business stories in Cyprus from the week starting April 21: Workplace equality, support for vulnerable groups, and social enterprises are becoming key priorities under ESG’s social pillar, according to Andreas Alexi of the Cyprus Chamber of Commerce and Industry (Keve). Alexi said the concept of ESG, Environmental, Social and Governance criteria, […]
Alpan Group will present the three BYD electric cars it is introducing to the Cyprus market, the company announced. The company will showcase the BYD SEAL, BYD SEAL U and BYD SEALION 7 models at a charity concert featuring Greek singer Despina Vandi on 30 April at Pavilion Hall in Nicosia. Alpan Group, a member of the Sfakianakis […]
Sun Travel visited Limassol during shoulder season – a meal for two with wine cost £75 AN island city in Europe is one of the best spots for a May holiday, having highs of 26C. Limassol, a city in Cyprus is a great spot for anyone looking for a sunny break, as well as for wine-lovers and […]
Over 600 international tourists of 17 different nationalities arrived in the Kingdom of Cambodia today aboard the luxury cruise ship Seven Seas Voyager, docking for a one-day visit at the Sihanoukville Autonomous Port. According to immigration officers, the ship, which sails under the flag of the Bahamas, arrived at the port at 6:20 am today. […]
Government revenue grows 6.6 per cent in last quarter of 2024 The Republic of Cyprus significantly narrowed its fiscal deficit in the fourth quarter of 2024, according to preliminary figures published by the Cyprus Statistical Service (Cystat) on Friday. The general government recorded a deficit of €6 million between October and December 2024, compared with a deficit of €117.9 million during […]
Property sales in Cyprus reach €1.1 billion in first quarter The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the Cyprus Real Estate Agents Registration Council. In its report, the council noted that Paphos is currently enjoying strong interest […]
Cyprus maintains positive GDP growth despite global headwinds Cyprus recorded a positive economic growth rate of 3.4 per cent in real terms for 2024, with its gross domestic product (GDP) reaching €33.57 billion at current prices. In addition, according a report released by the statistical service on Wednesday, real GDP, measured in volume terms, stood at €28.75 billion. These updated figures incorporate […]
President Nikos Christodoulides on Thursday outlined the incentives he plans to introduce with the aim of convincing Cypriots living abroad to return to the island. Speaking ahead of the day’s cabinet meeting, he said returning Cypriots will receive a 25 per cent tax exemption in their first job after coming back to the island, and that […]
Phnom Penh, the vibrant capital of Cambodia, has been ranked second among the 14 Best Nightlife Cities in the World by VISA2FLY, an online visa platform. “Cambodia’s nightlife is simply a perfect mesh of cultural warmth and modernity, offering something to everyone,” the source noted. “From hidden speakeasies to vibrant riverside lounges, the city [Phnom […]
Italian energy company Eni on Thursday described the two agreements signed by Cyprus and Egypt earlier this year concerning the exploitation of natural gas resources under the seabed in the eastern Mediterranean as “historic”. “A historic agreement was signed with Cyprus and Egypt for the exploitation of the significant natural gas deposits in the Kronos reservoir […]
Nicosia hosts key event as tourism sector gains fresh momentum As Cypriots gear up for a record-breaking year of travel, the 26th Travel Expo Cyprus kicks off in Nicosia on Friday, April 25, bringing together airlines, tour operators and tourism bodies from across seven countries. Running until Sunday, the exhibition comes at a time when demand […]