Deputy Shipping Minister Marina Hadjimanolis visited Doha from February 4 to 6, in a move to strengthen maritime ties, according to an announcement released on Friday. Invited by Qatar’s Minister of Transport, the visit provided an opportunity for key discussions on enhancing sustainable development and expanding maritime infrastructure”, with a focus on deepening cooperation between […]

A Cypriot property developer has unveiled plans for a 1-billion-euro mixed-use development in Prastio Avdimou, which could become one of the largest private investments in the country. The project, named St Nicholas Hills, will include a hospital, private school, university, and student accommodation for 12,000, DNP Property Group announced. The development will be built on […]

The environment department has given approval for a €55 million project to convert an existing tourist apartment complex into a 480-bed, 4-star hotel in Polis Chrysochous, it emerged on Wednesday. In addition, the department noted that the approval is subject to specific conditions and input from various stakeholders. According to the environmental study submitted by […]

The European Commission has issued a positive preliminary assessment for Cyprus’ request to receive €76.9 million under the NextGenerationEU programme, which aims to drive Europe’s recovery towards a greener, more digital, and competitive future. According to the European Commission, Cyprus has successfully met the required milestones and targets to qualify for this third payment under the Recovery and Resilience […]

By Associated PressMANILA, Philippines — Philippine President Ferdinand Marcos Jr. thanked Cambodia’s king on Tuesday for granting a royal pardon last year to 13 Filipino women who were convicted of illegally serving as surrogate mothers in the Southeast Asian kingdom. Marcos expressed his gratitude in a meeting with Cambodian Prime Minister Hun Manet , who […]

The Secretary General of the CCCI, Philokypros Roussounides, expects steadily rising growth rates for Cyprus in 2025, while the Director General of OEB, Michael Antoniou, says fluid conditions in the global economy make anticipating the course of the Cypriot economy risky at this stage, while also noting, however, that Cyprus has proven that it has […]

The share of renewable energy sources used in transport in the EU increased in 2023 compared to 2022, while remaining essentially unchanging in Cyprus, according to data released by Eurostat. In 2023, the share of renewable energy sources in transport reached 10.8% at EU level, a 1.2 percentage points increase from 2022 (9.6%). Meanwhile in […]

Limassol continued to lead Cyprus’ high-value real estate market in 2024, accounting for eight of the ten most expensive property transactions, with a total value of €176.8 million, according to real estate analytics firm Ask Wire. The highest-value transaction of the year was a €39.3 million apartment development in Polemidia, Limassol. The only other districts […]

4 million visitors, €3 billion revenue in 2024 Cypriot tourism has recovered from the challenges of the previous three years, including the pandemic and the loss of the Russian market, according to president Nikos Christodoulides. Speaking during the annual general assembly of the Association of Cyprus Tourist Enterprises (Stek), the president explained that the government’s priority will now shift to […]

Eurobank announced on Tuesday that it has completed the acquisition of an additional 37.5 per cent stake in Hellenic Bank, bringing its total shareholding to 93.47 per cent. The bank has also launched a mandatory public offer to acquire the remaining shares of Hellenic Bank, aiming for full ownership. The transaction, finalised on February 10, 2025, after obtaining the […]