Finland pledges to strengthen Kingdom’s digital economy

Finland pledges to strengthen Kingdom’s digital economy

Kristiina Kuvaja-Xanthopoulos, the newly appointed Finnish Ambassador to Cambodia, Wednesday pledged to provide technical assistance in the digital, trade, investment and business sectors aimed at creating an innovation ecosystem for small and medium enterprises (SMEs). Leading a delegation, the Finnish Ambassador based in Bangkok paid a courtesy call to Prime Minister Hun Manet to strengthen […]

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Limassol company launches pilot data centre to utilise excess renewable energy

Limassol company launches pilot data centre to utilise excess renewable energy

A Cypriot company has inaugurated a pilot data centre in Limassol with the dual purpose of providing digital services while potentially absorbing excess renewable energy that would otherwise be curtailed from the electrical grid. The initiative aims to transform the traditionally high energy consumption of data centres into an advantage for the national power grid by […]

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CUT receives approval for €27 million Limassol campus expansion

CUT receives approval for €27 million Limassol campus expansion

The Cyprus University of Technology (CUT) has secured preliminary approval from the Ministry of Finance for its development plan to construct new facilities for the Department of Multimedia and Graphic Arts and the School of Geotechnical Sciences and Environmental Management. The modern facilities, estimated to cost approximately €27 million, will be built on university-owned land adjacent to […]

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Foreign firms flock to Cyprus

Foreign firms flock to Cyprus

Investment in Cyprus is off to a strong start in 2025, with foreign investors showing increased enthusiasm for setting up businesses on the island.  Data suggest a surge in registrations of foreign companies, positioning Cyprus as a gateway for expansion into European markets. The government’s efforts to make the country an even more attractive investment […]

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InvestPro Cyprus Limassol 2025: Expand your Thinking

InvestPro Cyprus Limassol 2025: Expand your Thinking

What makes a business successful? Smart investments, the right partners, and knowing where the best opportunities are.   That’s exactly what InvestPro Cyprus Limassol 2025 is all about. Taking place in the heart of the Mediterranean, Cyprus is more than just a picturesque island — it is a thriving business hub, offering strategic advantages and global investment opportunities.   […]

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Alpha Bank outlines growth strategy for Cyprus expansion

Alpha Bank outlines growth strategy for Cyprus expansion

Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an official announcement from the bank, this four-day visit “reaffirms its commitment to strengthening its presence in Cyprus, positioning its subsidiary as a leading banking choice for businesses and households”. The high-level […]

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Larnaca and Limassol fuel 7 per cent rise in Cyprus property sales in February

Larnaca and Limassol fuel 7 per cent rise in Cyprus property sales in February

Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year. Developments in Limassol and Larnaca were the primary driver behind this surge. According to the land department, property sales nationwide rose to 1,371 in February 2025, up from 1,284 in the same month last year. Over the January-February period, transactions increased by 13 per cent, with […]

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Cyprus steps up financial literacy efforts during Global Money Week

Cyprus steps up financial literacy efforts during Global Money Week

The Cyprus Financial Literacy and Education Committee (CyFLEC) on Thursday announced that it is intensifying its efforts to promote financial literacy among young people and the broader society as part of Global Money Week. The committee, which has been operating under the Central Bank of Cyprus (CBC) since June 2024, “aims to enhance the ability of citizens—particularly young people—to […]

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