Government employment in Cyprus reached 55,243 people in November, according to the latest data from the state’s statistical service. This represents an increase compared to the average government workforce of 54,229 during the January–November 2024 period. That figure marked a rise of 1,698 employees, corresponding to an increase of 3.2 per cent, from the same timeframe in 2023. The increase was largely attributed to the growth of temporary staff within the educational service. This […]

The Bank of Cyprus on Wednesday announced that it has renewed its ‘Equality Employer’ certification, recognising its efforts to promote gender equality in the workplace. According to the announcement, the certification reflects the bank’s commitment to equal opportunities and fostering an inclusive environment. According to an announcement, the renewal was conducted by the Labour Ministry’s […]

Climate and competitiveness priorities for 2024-2029 discussed during meeting Cyprus was represented at the annual general assembly of the European Community Shipowners’ Association (ECSA) and the meeting of its board, held on December 10 in Brussels. Representatives of the Cypriot shipping industry participated in discussions aimed at securing the future of European shipping in an […]

Sun, sights, and seriously tasty food. The hidden gem in Cyprus you need to visit While other Mediterranean spots are starting to feel the chill of winter, Limassol is still basking in sunshine, making it the ideal place for a winter escape (or honestly, any time of year.) Cyprus’ second-largest city is just a quick […]

Cyprus will implement new European Parliament regulations for instant payments from 9 January 2025, enabling round-the-clock bank transfers within 10 seconds across Europe at minimal cost for retail and business customers. The Central Bank of Cyprus has published details of the implementation of EU Regulation 2024/886 (instant payments regulation) on its website. The new system will allow […]

Minister of Energy, Commerce and Industry George Papanastasiou said on Tuesday that in the coming days there will be news as regards the departure of the floating storage and regasification unit (FSRU) ‘Prometheus”‘ from Shanghai, China. “We expect in the coming days, perhaps even within the week, to hear about the departure” of Prometheus, the Minister said replying […]

Investors must ‘cut through the noise’ and focus on establishing a long-term strategy that aligns with their investment goals Short-termism has become a dominant feature of the investment landscape. Amid market volatility, geopolitical tensions and an overwhelming flow of news, staying focused on the bigger picture has become more challenging. The constant bombardment of news […]

The Association of Cyprus Banks on Tuesday expressed its readiness to adjust interest rates tied to the European Central Bank’s (ECB) base rate immediately after the ECB’s forthcoming meeting on December 12. “This move will directly impact the monthly instalments of their clients’ loans,” the association said in a statement. The association pointed out that the ECB is set to […]

A relative newcomer to the island has enjoyed wandering off the beaten track. What did he find? By Nofar Ronen Most visitors associate Cyprus with its stunning beaches and luxurious resorts, but there’s so much more to the island. Having lived here for over 3.5 years, I’ve discovered hidden gems that many aren’t familiar with […]