Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. During Monday’s session of the Finance Committee, representatives from Sek and Peo said that while agreements had been reached with the Finance Ministry during earlier consultations, […]
Cyprus housing prices rise in first quarter Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to a report released on Monday by Landbank Analytics. The analysis was based on sale contracts filed with the department of lands and surveys. It included a breakdown of average prices for newly […]
As the maritime world marked the Day of the Seafarer on June 25, Columbia Group chose to shine a light on one of the industry’s most pressing issues, harassment at sea, through a special episode of its Columbia Group Unplugged podcast. Bringing together Simona Toma, captain Leonid Zalenski and Anca Preda, the conversation addressed the […]
Cyprus marked the Day of the Seafarer on June 25 with a message of gratitude and solidarity to maritime workers around the world, underlining their critical role in global trade and economic stability. In a video message, Deputy Minister of Shipping Marina Hadjimanolis extended greetings from Cyprus to seafarers across the globe, noting that the […]
Demetra Holdings Plc reported a profit of €132.5 million for 2024 during its annual general meeting on June 24, with acting chairman Nearchos Ioannou addressing shareholders. Opening the meeting, Ioannou thanked shareholders for their “continued support”, stressing that the occasion was particularly significant given Demetra’s position as the largest listed investment company on the regulated market of the […]
The Cabinet on Wednesday approved a new €2.5 million scheme to promote the adoption of electric vehicles in Cyprus, according to Transport Minister Alexis Vafeades. He said the plan aims to strengthen the market for electric and hybrid vehicles through government funding, adding that electric mobility is a key priority for Cyprus and essential to meeting its environmental targets. The […]
Synopsis: The influx of new carriers will expand the total number of airlines operating at SAI to 16. Siem Reap Angkor International Airport (SAI), the gateway to the wonderful Angkor Wat temples, is set to see more airlines operating international flight services by the end of 2025, a State Secretariat of Civil Aviation senior official […]
Cambodia has reported a total of 3.04 million air passengers in the first five months of 2025, a year-on-year rise of 18 percent, a spokesperson said on Tuesday. Sinn Chanserey Vutha, who is also a secretary of state for the State Secretariat of Civil Aviation, said international and domestic airlines had operated a total of […]
Cambodia’s culinary diplomacy efforts received international recognition last week as Bong Sovath, Under-Secretary of State at the Ministry of Foreign Affairs and International Cooperation (MFAIC), accepted the “Special Award of the Jury” for Taste of Angkor 2 at the 30th Gourmand Awards, held during the Cascais World Food Summit in Lisbon, Portugal, from June 18 […]
Larnaca is about to get a major facelift as plans move forward for a new luxury residential project featuring two soaring 20-story buildings. The Environmental Authority has officially approved the €40 million development by Solvin Ltd, paving the way for construction to begin once permits are in place. Dubbed Aqua Residences, the high-rise complex will […]
Bcentriqe.ai, headquartered in Santa Clara (Silicon Valley), California, United States, has announced its strategic expansion into Cyprus. According to an announcement by Invest Cyprus, the move “aims to empower youth and entrepreneurs with pioneering artificial intelligence solutions”. The agency also said that Bcentriqe.ai’s decision “underscores its commitment to educate and recruit young people and entrepreneurs in Cyprus around […]
PwC Cyprus recently held an award ceremony to honour seven employees for their exceptional performance in the ACCA exams conducted between September 2024 and March 2025, according to an announcement released on Tuesday. The ceremony was hosted at PwC’s Experience Centre and was attended by the organisation’s Chief Executive Officer, Philippos Soseilos, and Anna Loizou, […]
Aegean has clinched the title of Best Regional Airline in Europe at the World Airline Awards 2025, extending its remarkable winning streak to 14 consecutive years, according to an announcement released on Turesday. The award ceremony took place on June 17 at the Air and Space Museum during the Paris Air Show. This distinction represents the 15th time […]
Cyprus’ banking sector recorded one of the highest profitability and capital adequacy levels in the European Union at the end of 2024, according to the European Central Bank (ECB). The figures revealed that Cypriot banks recorded the third-highest return on equity (RoE) across the EU at the end of December 2024, reaching 17.7 per cent. This […]
The Central Bank of Cyprus (CBC), which chairs the National SWIFT Users Group (NSUG), held a high-level online meeting on June 20, with the participation of 45 representatives from Cypriot financial institutions and SWIFT. According to a statement released by the CBC on Tuesday, the meeting focused on critical developments in the payments sector at both global and regional […]
AstroBank on Tuesday announced that it has signed an agreement to sell nearly all its assets, liabilities and staff to Alpha Bank Cyprus, creating the country’s third largest bank. According to the announcement, the agreement involves the full transfer of its banking assets and obligations, including its personnel, to Alpha Bank Cyprus. The bank said that the “integration […]