Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for work between 2021 and 2023. The total salaries declared by these employees reached €1.31 billion, with exemptions ranging between 20 and 50 per cent depending on individual cases. The incentives […]

The China Enterprises Chamber in Cyprus (CECC) held its founding assembly in Limassol on Wednesday evening, with a view to strengthening business ties between Cyprus and China. The establishment of the CECC was welcomed by the Minister of Labour and Social Insurance, Yiannis Panayiotou, and the Chinese Ambassador to Cyprus, Liu Yantao, who expressed their […]

Transport Minister Alexis Vafeades has announced a new scheme to boost e-mobility in Cyprus, following its approval by the Cabinet. Speaking after the 25 June Cabinet meeting, Vafeades said the scheme was part of the state’s ongoing commitment to the transition to clean and sustainable forms of transportation and aimed at boosting the market for […]

The European Commission must ensure adequate protection mechanisms and conduct impact assessments to effectively safeguard the interests of the agricultural sector and the EU’s food security, Cyprus’ Minister of Agriculture, Rural Development, and Environment, Dr Maria Panayiotou has said. Speaking during the proceedings of the Council of Agriculture and Fisheries of the European Union (EU), […]

The Cypriot cabinet has approved the government’s new 2.5-million-euro subsidy scheme aimed at supporting the purchase of electric and hybrid vehicles in Cyprus. The plan, funded from the state budget, was a key commitment by Transport Minister Alexis Vafeades and is designed to make clean mobility more accessible to the public. The new program will […]

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 […]