The University of Cyprus (UCY) contributed €1.186 billion to the country’s total economic output in 2024, €574 million to GDP, and supported 12,381 jobs directly or indirectly linked to its operations, according to two studies. The studies — “Economic and Social Impact of the University of Cyprus” and “Mapping the Footprint and Contribution of the […]
Cyprus is doubling down on its commitment to a greener, more competitive maritime sector, with a renewed push to enhance the Cyprus flag’s standing on the international stage, Shipping Deputy Minister Marina Hadjimanolis said this week during a policy briefing in Nicosia. “Our goal is to create a dynamic ecosystem and shape a sustainable, competitive environment for Cypriot shipping,” […]
Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April showed a slight nationwide increase despite small drops in Larnaca and Paphos. According to data from the Department of Land and Surveys, 1,404 property transactions were recorded across the island in April 2025, […]
The number of unemployed persons registered at district labour offices across Cyprus stood at 8,118 at the end of April 2025, according to the latest data released by the Cyprus Statistical Service (Cystat). Based on seasonally adjusted figures, which account for regular fluctuations over the course of a year, the number of registered unemployed decreased to 9,655 in April 2025 from 10,035 […]
In April 2025 alone, the Council for the Development of Cambodia (CDC) approved 59 investment projects with a total capital of $860 million, bringing the total number of approved projects in the first four months of 2025 to 231. According to a May 6 press release from the CDC, the 59 approved projects are expected […]
Kratie — The Kratie Mekong River Bridge has achieved a significant construction milestone with the installation of its final structural beam, marking near-completion of the project. On May 7, 2025, at 10:00 AM, the Shanghai Construction Group (SCG) installed the last beam at the 26th span, thereby connecting the entire bridge structure, according to an […]
The five-star luxury hotel TUI BLUE in Sihanoukville was officially inaugurated on May 05, 2025, in the presence of Mr. Huot Hak, Minister of Tourism, and Mr. Mang Sinet, Governor of Preah Sihanouk Province. The hotel is located in Village 4, Sangkat No. 4, Preah Sihanouk Province. The luxurious TUI BLUE SIHANOUKVILLE hotel, located in […]
Cyprus aims to produce defence-related products, not only buy them, President Nikos Christodoulides said on Tuesday. He made the remarks while attending the Defea (Defence Exhibition Athens) event taking place in the Greek capital. He toured the exhibition and visited the Cyprus kiosk. “I am glad that this year the participating Cypriot defence industry companies […]
Prime Minister Hun Manet yesterday presided over the groundbreaking ceremony for a $90 million Takhmao City wastewater treatment system development project in Kandal province, stating that the project would bring “numerous benefits to the community, particularly in terms of public health and environmental protection”. The Takhmao City wastewater treatment system development project is funded through […]
Beijing Scitech Holdings, a prominent Chinese conglomerate, Monday expressed interest in investing in Cambodia’s crude oil refining sector and related downstream industries. The interest was revealed during a high-level meeting between Zhu Yujiang, Chairman of the Board of Directors of Beijing Scitech Holdings Co. Ltd., and Prime Minister Hun Manet at the Peace Palace in […]
A summit to showcase Cyprus as an attractive international business centre for corporates and their employees, as well as high net worth and affluent individuals, has gotten underway in Tel Aviv, Israel. The “7th Doing Business in Cyprus Summit: Cyprus – The ultimate hub for business work and Lifestyle”, organised by IMH and Invest Cyprus, […]
The Cyprus Integrity Forum is organising its Anniversary Annual General Assembly on Monday, 2 June, at 17:00, at the Cyprus Chamber of Commerce and Industry (CCCI) building. The event will include a presentation of the organization’s work during 2024, as well as an outline of its major planned initiatives for 2025. In addition, the following […]
Passenger traffic at Cyprus’ airports has topped the one million mark by April for the first time in history, the Ministry of Transport, Communications and Works has announced. It said that Larnaka and Pafos airports welcomed 1,157,414 passengers throughout April 2025, recording an increase of 20.66% compared to the same month in 2024, and that for the January […]
BoC now tops Greek and Cypriot banks in deposit rating Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. In addition, the agency kept the bank’s outlook on deposit ratings as stable. According to the agency’s latest report, the Bank of […]
Cyprus recorded over 1.15 million passengers at its two airports in April 2025, crossing the one million threshold for the first time in a single month, the Transport Ministry said on Tuesday. Traffic at Larnaca and Paphos airports rose by 20.66 per cent compared to the same month last year. Additionally, total passenger numbers for the January–April period climbed by 11.83 per […]
Leptos Calypso Hotels Public Ltd, a member of the Leptos Group, recorded a significant financial turnaround in 2024. Specifically, the company on Tuesday posted a consolidated net profit of €3.25 million, recovering from a €570,830 loss in 2023. According to the company’s annual financial statements for the year ended December 31, 2024, the parent company also reported […]