In a statement released following the signing of the new agreement, Etap expressed satisfaction that longstanding operational issues and strategic demands related to Paphos airport are finally being addressed.
“For Paphos Airport, the situation has become unbearable across almost all areas, including security checks, departure and arrival areas, and outdoor short-term parking spaces,” the board said.
Moreover, Etap called on Hermes Airports to “ensure the timely completion of the works” and stressed the importance of scheduling construction during off-peak periods to minimise disruption for airlines and passengers.
While optimism has improved slightly, labour shortages, rising costs, and Environmental, Social, and Governance (ESG) compliance remain key challenges.
The latest edition of the barometer, compiled by the Limassol Chamber of Commerce and Industry (Evel) for the 15th year running, outlines key trends in the economy and issues concerning local enterprises.
This marks the third consecutive month of growth, following similar rises of 1.2 per cent in October and 1.0 per cent in September, according to recently revised data.
The economics research centre explained that the positive trend reflects improvements across all economic parameters comprising the index.
It further noted that the rise in the Economic Sentiment Indicator (ESI) in both Cyprus and the Eurozone, along with a year-on-year decline in Brent crude oil prices, played a pivotal role.
The statement coincides with the impending application of the Markets in Crypto-Assets Regulation (MiCA), set to provide a unified framework for crypto-asset services across the European Union.
“Certain crypto-assets have significantly and suddenly increased in value, hitting new records,” ESMA noted, reflecting the growing interest in the sector.
However, the regulator warned against the speculative nature of these assets.
“Investors should reflect carefully before making any financial decision and consider their financial needs and objectives,” the announcement said.
The Wholesale Trade Turnover Value Index (Sector 46) recorded a rise of 4.6 per cent during Q3 2024, marking a notable improvement over the third quarter of 2023.
This index reflects the total value of transactions within the wholesale trade sector, which includes the distribution of goods at a large scale to retailers, industrial, or commercial users.
The company explained that regional instability and economic pressures are raising fresh challenges, prompting stakeholders to adjust strategies for the year ahead.
Moderate growth is forecast over the next two years, the company said, as stabilising demand and new project completions offset the lingering effects of external factors such as regional conflicts.
“Our deep understanding of placemaking, branding, and communication allows us to stay ahead of trends and deliver impactful results for our clients,” she said.
According to Voskaridou, 2025 represents a critical juncture where new technologies, shifting consumer expectations, and bold strategies will converge.
Artificial Intelligence (AI), she emphasised, is no longer a buzzword but an indispensable tool for data analysis, customer behavior prediction, and personalized marketing campaigns.
“The Christmas table will be substantial for almost all families,” Povek general secretary Stefanos Koursaris told the Cyprus News Agency (CNA), adding that consumers are being a little more conservative regarding other items.
High prices, he said, do not seem to put consumers off when it comes to meat and vegetables. Tradition, he said, is still a priority for the Christmas feast.
Revenue for Akamas municipality increased by 10 per cent this year from the use of sunbeds on Coral Bay, mayor Marinos Lambrou said on Tuesday.
He said revenue generated by the beach this year exceeds €400,000, while the income from beach kiosks increased to €100,000.
“Despite the difficulties this year, the municipality of Akamas managed to increase its revenue from tourism, while the goal of the municipality is to further upgrade the services offered,” Lambrou said.
