President Nikos Christodoulides opened the 36th Annual General Meeting of the Cyprus Shipping Chamber by highlighting the profoundly important and catalytic role of shipping in Cyprus’ economy. He emphasised that the sector significantly contributes to the country’s economic development and sustainability. He expressed his commitment to maintaining this positive momentum and wished for continued, long-lasting […]

Limassol’s pioneering office hub brings a next-generation VR experience to commercial real estate, showcasing the premier choice for workplace innovation, sustainability and convenience Tor Properties has unveiled a brand-new, state-of-the-art Virtual Reality experience for The Triangle, offering an immersive walkthrough of Limassol’s most forward-thinking new business centre. This next-generation experience gives prospective tenants and partners […]

Cyprus recorded its highest-ever number of tourist arrivals for the January–April period, which the government described as ‘historic’, reinforcing efforts to establish the island as a year-round destination. Speaking at a media briefing at the presidential palace on Tuesday, government spokesperson Konstantinos Letymbiotis said the latest figures from the Statistical Service confirm the strong trajectory […]

President Nikos Christodoulides has inaugurated Cyprus’ Business Support Center (BSC) – a one-stop-shop for both Cypriot and foreign investors seeking to establish or expand their business activities in Cyprus. The launch of the BSC marks a significant milestone in the government’s efforts to cut red tape, streamline services, and attract strategic investment. The new Business […]

The Cyprus Chamber of Commerce and Industry (Keve) has welcomed the launch of the new Business Support Center, describing it as a long-standing demand finally addressed, and a much-needed tool to reduce red tape, support investment and restore confidence in Cyprus as a business destination. In a statement posted on X, social media platform, the […]

Limassol will host the European Maritime Day (EMD) on May 21 and 22, 2026, as Cyprus takes the helm of the EU presidency, welcoming the continent’s maritime community to the island’s for two days of dialogue, networking, and action on the future of Europe’s blue economy. The handover ceremony took place on Friday in Cork, […]

Lots of local talent at revamped Fengaros Festival 2025 With summer just around the corner, it is time to start looking ahead to the epic summer festivals that will fill the cultural agenda. One of them is Fengaros Festival, an institution that has never been a stranger to reinvention. Its 13th edition this year signals […]

Paphos’ municipal ‘park of colours’ was inaugurated on Sunday, coinciding with the city’s flower festival. The event began with a procession of floats and a children’s parade in the new urban green space, which was buzzing with music, dance and creative and sports activities throughout the day. Paphos mayor Phedonas Phedonos said the project combined […]

To bolster the nation’s energy infrastructure, the Cambodian Parliament has officially approved a draft law facilitating payment guarantees to 24 electricity investment companies. This landmark decision was made during the fourth session of the seventh National Assembly, which was held on May 22, 2025. The new law comes in response to the surging demand for […]

As double taxation agreements (DTAs) between Laos and the Philippines with Cambodia are set to enter into force soon, Cambodian economists are optimistic that foreign direct investment (FDI) from the two countries and bilateral trade will rise. Cambodia’s general department of taxation believes the DTAs are not designed to avoid double taxation; they also build […]

Average monthly earnings in Cyprus increased by 5% in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data released by CySTAT. On a quarterly basis, and after adjusting for seasonal fluctuations, earnings rose by 1.2% in Q4 2024 compared to the previous quarter. Specifically, the average monthly earnings […]