Since establishing a base at Larnaca Airport in 2020, Wizz Air has seen remarkable growth, doubling its capacity and becoming a leading airline in Cyprus. In conversation with Phileleftheros and in-cyprus, Robert Carey, the President of Wizz Air, offers a glimpse into the airline’s strategic expansions and operational resilience amidst the complex challenges posed by the pandemic, geopolitical […]

The Research & Innovation Foundation (RIF) this week released a statement highlighting Cyprus’ impact at the “Mobile World Congress Barcelona 2024” and “4 Years from Now” (4YFN), the world’s largest exhibitions for information technology and communications. Led by Chief Scientist Demertris Skourides, along with members of the Research & Innovation Foundation, eight pioneering Cypriot businesses […]

The Ministry of Energy, Commerce, and Industry this week announced the extension of the deadline by six months, for approved applicants, to fully implement their investment proposals under the first call of a grant scheme that seeks to boost new business activity. Specifically, according to the announcement, the complete execution of the projects included in the plan should […]

Eurostat’s latest data reveals a compelling shift in the landscape of Renewable Energy Sources (RES) for heating and cooling within the European Union. The year 2022 witnessed a substantial surge, with RES accounting for an average of 24.8 per cent of energy used for heating and cooling in the EU. This marked a notable increase of 1.8 […]

The Central Bank of Cyprus (CBC) and the Bank of Greece (BoG) on Friday signed a Memorandum of Cooperation during a ceremony held in Nicosia. The signing ceremony took place with the presence of CBC governor Constantinos Herodotou and BoG governor Yiannis Stournaras. Speaking after the signing of the memorandum, Stournaras stated that “the signing of the cooperation memorandum today […]

The Deputy Ministry of Tourism and the Cyprus Hospitality Association this week held the Cyprus Hospitality Awards, an event that sought to honour exceptional people and businesses from the tourism and hospitality sectors. The event, which was held in Limassol on Thursday evening, was attended by Deputy Minister of Tourism Kostas Koumis, who highlighted the ongoing efforts to […]

The Central Bank of Cyprus (CBC) announced this week that it expects a 2.2 per cent increase in the country’s Gross Domestic Product (GDP) for the year 2023, following a substantial 5.1 per cent expansion in 2022. Looking ahead to the years 2024-2026, the CBC projects GDP growth rates of 2.6 per cent, 3.1 per cent, […]

The Central Bank of Cyprus (CBC) said it expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively. CBC Governor Constantinos Herodotou has stressed that “the implementation of reforms and the emphasis on sustainable growth […]