Here are the top business stories in Cyprus from the week starting November 10: An agreement was signed on Thursday to bring to an end the months of wrangling between workers and employers over the cost-of-living allowance (CoLA) and set how it is implemented going forward. The signing was attended by President Nikos Christodoulides, who […]
French company Aerix Systems and Cypriot firm SignalGeneriX Ltd have formalised a memorandum of understanding to co-develop a multi-purpose, dual-use drone solution at the France-Cyprus Innovation and Cooperation Forum. The agreement combines Aerix Systems’ omnidirectional drone platforms and proprietary autopilot with SignalGeneriX’s advanced digital signal processing, communications and artificial intelligence technologies. The signing took place at the French […]
A delegation from the Paphos regional tourism board (Etap) and local hoteliers is in the Baltic states this week for a series of workshops aimed at strengthening the district’s presence in emerging markets. According to the board, the presentations are taking place from November 11 to 13 in Vilnius, Riga and Tallinn, with more than […]
Cyprus must treat winter tourism as a “one-way street” and invest steadily in non-peak months, according to Hermes Airports Director of Aviation Development, Marketing and Communication, Maria Kouroupi. Speaking on the podcast A Look at the Economy from Politis, Kouroupi said Cyprus is on track for a third consecutive record year in passenger traffic, a trend she attributed […]
The assets of investment funds in Cyprus recorded a 16 per cent increase in September 2025, compared with the same month in 2024, the Central Bank of Cyprus (CBC) said on Friday. The total assets of investment funds reached €7.89 billion in September 2025, up from €6.80 billion in September 2024, marking an increase of over €1 billion, […]
Cyprus’ economy recorded robust growth in the third quarter of 2025, with new national and European data confirming that the country continues to outperform the wider region. According to a flash estimate by the Cyprus Statistical Service (Cystat), Cyprus’ seasonally adjusted gross domestic product increased by 3.6 per cent year-on-year in the third quarter of 2025. Cystat said that the […]
The Bank of Cyprus‘ property management unit has achieved a significant turnaround in its non-core asset portfolio, announcing that property sales have exceeded new asset acquisitions since the start of 2019, as part of its financial results for the nine-month period ending September 30, 2025. The Real Estate Management Unit (REMU), which concentrates on liquidating properties acquired through debt-for-asset swaps, has […]
Phnom Penh, Cambodia – 12 November 2025 – In the framework of the Europe-Cambodia cooperation in education, the European Union (EU) Ambassador to Cambodia, HE Igor Driesmans, together with the Ambassadors of the European Member States, Team Europe organises the fourth edition of the Study in Europe Fair. The event takes place on 12 November […]
The Council for the Development of Cambodia (CDC) yesterday urged Chinese investors to expand their focus in the Kingdom, asking them to consider the high-potential sector of raw materials and semi-finished goods manufacturing. Chea Vuthy, Secretary-General of the CDC Cambodia Investment Board, made these remarks during a meeting in Phnom Penh with a delegation led […]
The preliminary agreement on the Cost-of-Living Allowance (CoLA) was signed at noon in the presence of the President of the Republic, Nikos Christodoulides. In statements made during a special ceremony at the Presidential Palace, Christodoulides stressed, among other things, that “a permanent agreement on CoLA is being achieved”. He added: “A matter that had remained open for […]
InterGlobe Aviation Limited (IndiGo), an Indian low-cost airline, today launches its first direct flights to Cambodia, connecting Kolkata city to Siem Reap province with three weekly services using Airbus A320neo aircraft. The Ministry of Tourism (MoT) yesterday announced that under the leadership of Prime Minister Hun Manet, along with the efforts of Huot Hak, Minister […]
Cyprus and Saudi Arabia strengthened ties in the tourism sector this week as the UN Tourism General Assembly in Riyadh concluded with the adoption of the Riyadh Declaration on the Future of Tourism, a long-term roadmap for global cooperation over the next 50 years. Deputy Minister of Tourism Kostas Koumis co-signed a memorandum of understanding […]
An agreement was signed on Thursday to bring to an end the months of wrangling between workers and employers over the cost-of-living allowance (CoLA) and set how it is implemented going forward. The signing was attended by President Nikos Christodoulides, who said that “a significant effort has been completed”. “A permanent agreement on CoLA has […]
ACLEDA Bank Plc., the first publicly listed commercial bank in Cambodia, is pleased to announce the official launch of Phase 1 of cross-border QR code payments between Cambodia and Singapore, “Cambodia scans QR Codes in Singapore”, presided over by H.E. Dr. Chea Serey, Governor of the National Bank of Cambodia. With the launch of Phase […]
Invest Cyprus and the Cyprus International Business Association (CIBA) have signed a Memorandum of Understanding aimed at boosting the island’s investment and business environment. Invest Cyprus Chairman Evgenios Evgeniou and CEO Marios Tannousis recently welcomed a CIBA delegation – including its President Vassilios Demetriades and General Manager Valentinos Steliou – for a “constructive meeting”, as […]
A place to reconnect with both yourself and nature, the Noospheric Resonator combines infinity and eternity By Christina Michailidis Between Limassol and Paphos, high above the quiet stretch of Avdimou Beach, three vast spiral labyrinths of stone lie open to the sea and sun. This is The Noospheric Resonator, a land art installation created by […]