Revenue from tourism for the period January-May 2025 is estimated at €955.8m compared to €751.2m in the corresponding period of 2024, recording an impressive increase of 27.2%, according to data published by CySTAT. Based on the results of the Passengers Survey, in May, revenue from tourism reached €373.3m, recording an increase of 20.2% as compared to […]
The next couple of months will see crucial developments regarding the future commercialisation of the Kronos offshore gas field, the energy minister said on Thursday. George Papanastasiou said important talks were held in Nicosia last week between himself and Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources. Taking part in the talks were senior […]
The energy regulator on Thursday gave a provisional green light to the payment by Cyprus of €25 million to the project promoter for the Great Sea Interconnector, the planned subsea electricity cable linking the island to Greece. In a statement, the Cyprus Energy Regulatory Authority (Cera) said it has approved the payment of €25 million […]
Local wines can now be enjoyed with home-cooked dishes Letymbou village is famous for its vineyards, which inspired Theodoros to build his modern boutique winery found just outside the village, near his vineyards. He is the fourth generation to make wine, but the first who dared to promote it on a commercial basis. Established in […]
A good glass of local wine and a full moon sounds like the perfect pair. As long as the person serving it to you knows what makes good wine and Cascadeur in Lympia certain knows all about oenology. Though the popular bar is closing its doors in August, it is travelling to a few villages […]
A business delegation comprising 16 Singaporean companies has expressed strong interest in expanding investment in Cambodia, with a focus on the Kingdom’s growing industrial, technological, and innovation sectors. The delegation met with Hem Vanndy, Minister of Industry, Science, Technology and Innovation (MISTI), to explore new investment opportunities across a range of sectors, including life sciences, […]
Synopsis: The partnership will help mobilise capital and promote financial instruments that support long-term economic growth. The Cambodia Association of Securities Firms (CASF) and the Credit Guarantee Corporation of Cambodia (CGCC) signed a memorandum of understanding (MoU) to deepen cooperation in the securities market, boost investor confidence and expand access to sustainable financing to support […]
Sepaga E.M.I. has announced a new partnership with Cellock Ltd and the launch of the 7 Seas E-Wallet, a mobile banking solution designed specifically for the shipping industry. The announcement marks a significant step in addressing common transactional challenges faced by shipping companies, seafarers and suppliers. The 7 Seas E-Wallet has been developed to enable […]
Keve and Oev call for active support from Cypriot businesses The Cyprus Chamber of Commerce and Industry (Keve) on Thursday issued a statement to clarify the origins and purpose of the “Minds in Cyprus” platform, following what it described as “misleading announcements” that surfaced yesterday. Keve explained that “the platform was created as a result of […]
Cyprus has signed the second tranche of a €200 million loan agreement with the European Investment Bank (EIB), unlocking an additional €100 million to support road infrastructure and sustainable transport projects across the island. The agreement was signed on Thursday at the Finance Ministry by Finance Minister Makis Keravnos and EIB vice president Kyriakos Kakouris. It […]
Prince Bank Plc. stands in full support of the recent measures announced by the National Bank of Cambodia (NBC), following the call by Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, to assist those affected by the ongoing Cambodia-Thailand border conflict. In alignment with the spirit of national solidarity and […]
Whether you are searching for your dream home at the best possible price or a high-yield investment in Cyprus’ most sought-after locations, the Life Realty Summer Collection is designed with you in mind. This first edition of our Summer Collection features 50 carefully-selected properties chosen by our experienced team. Each home is in excellent condition and priced extremely competitively, […]
Revenue from tourism in Cyprus for the first five months of the year is estimated at 955.8 million euros, compared to €751.2 million in the January-May period of 2024, recording an impressive increase of 27.2% year-on-year, according to data published by the Cyprus Statistical Service (CyStat) on Wednesday. Based on the results of the latest […]
Italian fashion house Roberto Cavalli has announced its first residential project in Europe, partnering with Cyprus-based Leptos Group on a €200 million luxury tower development in Limassol. The 30-storey Cavalli Tower at Limassol Blu Marine marks the designer brand’s debut in the Mediterranean luxury residential market and represents the first Cavalli-branded property development in Europe. Located […]
The Cyprus Chamber of Commerce & Industry (Keve) on Wednesday announced the launch of the co-financed Data ProTech project, designed to help Cyprus SMEs comply with AI and data protection regulations. The consortium agreement was signed by personal data protection commissioner Irene Loizidou-Nicolaidou, Keve secretary general Philokypros Rousounides, and the executive director of the University of Limassol […]
Italian fashion icon Roberto Cavalli is making its first move into Mediterranean real estate, unveiling a €200 million collaboration with Leptos Group to launch a 30-storey beachfront tower in downtown Limassol. Branded as ‘Cavalli by Limassol Blu Marine,’ the high-rise development will mark the first Cavalli-branded residential project not only in Cyprus but across the […]