The United Arab Emirates (UAE) tourism market is rising steadily for Cyprus, Deputy Minister for Tourism Costas Koumis has said, stressing that the Middle East and the Asian markets deserve more attention by Cypriot tourism stakeholders. In a statement on the conclusion of his contacts in the Arabian Travel Market and the Annual Investment Meeting AIM Congress […]

Revenue from tourism returned to growth in February, following the annual reduction shown in the previous month. According to CyStat’s Passengers Survey, tourism revenue amounted to €65.1m in February 2024 compared to €56.6m in the corresponding month of the previous year, recording an increase of 15%. For the period of January – February 2024, revenue […]

Cyprus’ tourism revenue surged by 15 per cent year-on-year in February 2024, marking a significant recovery following a slight 0.9 per cent dip in the first month of the year, according to a report released on Friday by the Cyprus Statistical Service (Cystat). The report, which utilised data collected by the traveller survey, revealed that […]

By Kyriacos Nicolaou The Cyprus Mail recently had the opportunity to sit down for a one-on-one interview with Timur Turlov, the 36-year-old CEO of Freedom Holding Corp., to discuss the company’s growth trajectory and strategic priorities, particularly in relation to Freedom24, the company’s European division, which is headquartered in Cyprus. The interview took place in April, in the context […]

The United Arab Emirates (UAE) tourist market for Cyprus is steadily on the rise, according to Deputy Minister of Tourism Kostas Koumis, who stressed the need for increased attention to Middle Eastern and Asian countries. Speaking following the conclusion of meetings at both the Arabian Travel Market tourism exhibition and the AIM Congress, Koumis stated that discussions during […]

Cyprus’ Gross Domestic Product (GDP) is projected to rise by 2.9 per cent in 2024, according to the latest estimates released on Thursday by the Finance Ministry, which are valid up to April of this year. Furthermore, for the years 2025 to 2027, GDP is expected to grow further, with rates of 3.1 per cent, 3.2 […]

Deloitte this week has released the results of the third edition of the Middle East Technology Fast 50, which showcases the fastest-growing technology startups in the region. This programme recognises technology companies based on their revenue growth over the last four years. In this edition of the Technology Fast 50, Deloitte received close to 200 applications […]

The Cyprus Chamber of Commerce & Industry (Keve) on Thursday announced that it is set to take part in this year’s Reflect Festival, the island’s flagship technology, innovation and startup event. In its announcement, the chamber said that “Reflect Festival is the largest technology and innovation event in Cyprus and one of the fastest growing […]

Cyprus’ real estate market experienced a notable resurgence in April, rebounding from the previous dip in sales observed in March, according to the latest information provided by the Department of Lands and Surveys. This positive trend was particularly evident in Nicosia and Larnaca, while Limassol also demonstrated an upward movement, maintaining its lead by a significant […]

President Nikos Christodoulides stated that the construction sector, supported by the Cyprus Property Developers Association (LBDA), plays a vital role in attracting investments, promoting entrepreneurship, and positioning Cyprus as an investment destination. Speaking at a dinner held on Wednesday evening, marking the 40th anniversary of the establishment of the LBDA, the president emphasised the government’s […]

The Great Britain-Cyprus Business Association’s International Investment Conference 2024 kicked off in Limassol today, with the aim of enhancing business networking between the two countries. During the event, which will conclude on Friday, the Deputy Minister of Shipping, Marina Hadjimanoli emphasised the administration’s renewed commitment to sustaining support for the shipping industry. Hadjimanoli acknowledged the challenges […]

GDP growth will be at 2.9% in 2024, according to the April projections published on the website of the Ministry of Finance. For the years 2025-2027, GDP is expected to grow further by 3.1%, 3.2% and 3.3% respectively. As for inflation, the Ministry of Finance projects that it will fall to 2.5% in 2024, while for […]

Invest Cyprus CEO Marios Tannousis along with Deputy Minister of Tourism Kostas Koumis and his team presented Cyprus’ advantages as an investment and business destination at the Annual Investment Meeting – aka the AIM Congress – 2024 that was held in Abu Dhabi this week. “Delighted to present today and participate in important business meetings […]

The Finance Ministers of Greece and Cyprus Kostis Hatzidakis and Makis Keravnos respectively expressed their joint commitment to continue collaboration between the two countries in all fields, stressing that both economies have exited from the financial crisis of the previous decade. The Greek Minister for Economy and Finance, who is visiting Cyprus, had an 8 […]