The Neocleous Tower, an office building located in the centre of Limassol, will set new standards for environment-focused, commercial real estate in Cyprus. ‘Our idea to develop a ‘green’ sustainable building originates from a deep awareness of the growing concerns about global climate change and the depletion of our natural resources’ The Neocleous Tower, an […]
BusinessCyprus Business News Applications open for Cyprus Exports Award By Kyriacos NicolaouApril 3, 20240 Comments138SHARE0 The Cyprus Chamber of Commerce and Industry (Keve) in collaboration with the Ministry of Energy, Commerce, and Industry this week announced the start of applications for the latest edition of the Cyprus Exports Award. “The Cyprus Exports Award was launched in 1982 to recognise and reward […]
BusinessCyprusCyprus Business NewsCyprus by the Numbers Cyprus retail trade grows in February By Souzana PsaraApril 3, 20240 Comments73SHARE0 Cyprus’ retail trade cycle value index experienced a notable increase of 5.8 per cent in February, compared to the corresponding month in 2023, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). Similarly, during the […]
The average gross monthly earnings of employees during the fourth quarter of 2023, amounted to €2,693 compared to €2,535 during the fourth quarter of 2022, recording an increase of 6.2%, according to provisional data published by CySTAT. The average gross monthly earnings during the fourth quarter of 2023, seasonally adjusted, are estimated at €2,402 and compared […]
The accommodation and food services sector in Cyprus had the second biggest contribution to the economy as well as to employment in 2021, according to data released by Eurostat. In 2021, the country where the accommodation and food service activities had the highest contribution to the value added of the business economy was Greece (6.5% […]
Τhe Cyprus government will request from Greece’s Independent Power Transmission Operator to carry out a cost-benefit study as regards the Cyprus-Greece electricity interconnection (Great Sea Interconnector), Energy Minister George Papanastasiou said following a House Energy Committee meeting. Papanastasiou explained that the project, with a total value of €1.9 billion, was previously under a different implementation […]
The goal of the Ministry of Agriculture, Rural Development and Environment is to increase the share of the primary sector in the country’s GDP, expand and upgrade the sector in terms of sustainability to meet domestic needs and promote local Cypriot products to new markets. Minister Maria Panayiotou noted the above at a 2 April […]
Cypriot Energy Minister George Papanastasiou announced on Wednesday that the obstacles in the development plan for the Aphrodite gas field have been overcome, marking progress in Cyprus’ energy ambitions. Papanastasiou revealed that ENI’s CEO is scheduled to visit Cyprus by the end of April to discuss the Cronos I and Cronos II fields, with hopes […]
The Japan-Cambodia Association office, officially inaugurated on Monday in Phnom Penh, will play an important role in attracting more Japanese businessmen and investors to Cambodia, said Heng Sour, Minister of Labor, Vocational Training (MLVT). Presiding over the official inauguration ceremony of the Japan-Cambodia Association Office, Sour said the establishment of the Japan-Cambodia Association Office in […]
“The success of investors is also the success of Cambodia,” said Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), as a guest speaker at a panel discussion themed “Cambodia – Gateway to ASEAN.” The panel discussion was organised on April 2 as part of the […]
A multilayered matrix of goals and actions gives Hellenic Bank the lead in ESG strategy Committed as it is to promoting environmental sustainability and social resilience, Hellenic Bank has taken the lead in ESG strategies. By setting a high bar for its goals and implementing a series of best practices, Hellenic Bank leads the way […]
By Nicolas Christodoulides, Senior ESG Analyst BOC is focusing its efforts on fighting climate change, which is the biggest challenge that humanity faces Stainability is often defined as meeting the needs of the present without compromising the ability of future generations to meet theirs. One of the main threats to future generations is climate change, […]
Cablenet has broken the 10 per cent market share barrier in mobile contract subscriptions, climbing to third position, according to a report published by the Office of the Commissioner for Electronic Communications and Postal Regulation (OCECPR). The company noted that the report, which covers the period until the end of 2023, is “fully aligned with […]
The accommodation and food service sector was the second-largest contributor to both the economy and employment in Cyprus in 2021, according to Eurostat, the EU’s statistical service. Specifically, accommodation and food service activities had the largest contribution to the added value of the business economy in Greece, accounting for 6.5 per cent of the added value […]
The Cyprus Statistical Service (Cystat) on Tuesday released a report showing an increase in the average gross monthly earnings of employees during the fourth quarter of 2023, when compared to the same period in 2022. According to the report, the average gross monthly earnings were estimated to stand at €2,693 during the fourth quarter of 2023, marking a noteworthy rise from €2,535 in the fourth quarter of […]
Capital Intelligence Ratings has revised the outlook on the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) to Positive from Stable. At the same time, it has affirmed the sovereign’s LT FCR and Short-Term FCR (ST FCR) at ‘BBB-’ and ‘A3’, respectively. The revision of the outlook reflects the faster than projected decline in general government […]