Tepak to build a solar park in Polemidia
The Cyprus University of Technology (Tepak) and the Polemidia municipality announced on Wednesday that they have agreed to jointly develop a photovoltaic (PV) park with a total capacity of approximately 9 ...
Food inflation moderates to 1.89 per cent despite broader inflation spike
Despite a rise in fuel prices contributing to an uptick in inflation from 1.2 per cent in March to 2.4 per cent in April, due to geopolitical developments, food inflation has continued ...
Job growth and productivity spike in AI-exposed sectors
Sectors that are heavily exposed to AI are witnessing a surge in productivity, while AI jobs are also experiencing notable growth, according to a recent report shared by PwC Cyprus ...
Cyprus and Greece discuss maritime competitiveness, digitalisation, and collaboration
Deputy Minister of Shipping Marina Hadjimanolis this week met with Greece’s Minister of Shipping and Island Policy Christos Stylianides, with the discussion focusing on the competitiveness of European shipping, ...
Astrobank bucks trend with new branch — will seek approval for dividend
Astrobank announced this week that it is opening a new branch in the Dali area in Nicosia, bucking the trend of shrinking branch networks, noting that this is an underserved ...
Cyprus Business Now
President Nicos Christodoulides on Tuesday stressed the need for a unified approach and solid public-private cooperation to address the challenges currently facing the shipping industry.
Speaking at the 35th annual ...
Limassol Boat Show set to dazzle with impressive lineup
The Limassol Boat Show 2024 will take place in May, from 23 to 26 at Limassol Marina, and once again, the largest nautical exhibition in the Eastern Mediterranean is expected to impress and ...
President urges public-private unity to bolster shipping sector
President Nicos Christodoulides on Tuesday stressed the need for a unified approach and solid public-private cooperation to address the challenges currently facing the shipping industry.
Speaking at the 35th annual ...
MoU expected to support digital transformation of Cypriot SMEs
The Cyprus Chamber of Commerce and Industry (Keve) on Tuesday welcomed the signing of a Memorandum of Understanding (MoU) between the Enterprise Europe Network (EEN) Cyprus and the European Digital ...
One in two Cypriots confident in starting a business
One in two Cypriots feel confident about starting a business, while more than half believe they possess the necessary skills to be successful in business, according to the results of ...
Paphos airport hit hardest as Middle East crisis dents air travel
Cyprus witnessed a decline in air passenger traffic in April of this year, despite record highs in the preceding months, according to a report by Hermes Airports.
The downturn is ...
Despina Theodosiou honoured with gender equality in shipping award
Despina Panayiotou Theodosiou was awarded the first Gender Equality Award in Cyprus Shipping during a celebratory event on Monday evening in Limassol.
The ceremony, organised by the Deputy Ministry of ...
‘Young Cypriots must balance short-term gains and future financial security’
Private wealth manager Christopher Zachariou recently spoke to the Cyprus Mail about the need to make informed financial decisions, the importance of long-term thinking, the value of professional advice, and ...
Hellenic Bank champions green transition at Nicosia summit
The inaugural Green Agenda Cyprus Summit, held on Monday in Nicosia, highlighted the vision and actions necessary for the green transition of the Cypriot economy.
The event, supported by Hellenic ...
Cyprus Business Now
The Bank of Cyprus announced on Monday that it completed a new round in its share buyback programme, which was originally disclosed in April of this year, with 34,150 shares being ...
EU digital policy in focus at ministerial meeting in Brussels
Deputy Minister of Research Nicodemos Damianou is scheduled to travel to Brussels today to attend an EU telecommunications ministers meeting set for Tuesday.
The summit will centre on significant legislative ...
Nicosia Chamber of Commerce and Industry appoints new head
The Nicosia Chamber of Commerce and Industry (Evel) on Monday announced the appointment of Andreas Antoniades as its new director general.
According to the announcement, the decision was ratified by ...
Bank of Cyprus completes new share buyback round
The Bank of Cyprus announced on Monday that it completed a new round in its share buyback programme, which was originally disclosed in April of this year, with 34,150 shares being ...
Chief Scientist participates in Digital Twin 4 Health symposium
Chief Scientist Demetris Skourides was a prominent participant in the First International Symposium: Digital Twins 4 Healthcare, according to an official statement by the foundation.
Held on May 16 and 17, this cutting-edge ...
Cyprus holiday home prices hit eight-year high
Market has overcome impacts of Covid-19
By Kyriacos Kiliaris
If you’re in the market for a vacation home on the island, you might be in for a sticker shock, ...
As wealth inequality rises in Cyprus both people and democracy suffer
It has profound socioeconomic effects, as well as political consequences in shaping the outcome of elections and policies
Cyprus is a wealthy nation; but that wealth is very unevenly divided. ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting May 13:
National investment promotion agency Invest Cyprus recently showcased the country’s business and investment credentials in the ...
Cyprus inflation up by 2.1 per cent in April
The harmonised inflation rate in Cyprus increased by 2.1 per cent in April 2024 compared to the same period the previous year, according to the Cyprus Statistical Service.
Official data showed that ...
Cyprus Business Now
Deputy Minister of Tourism Kostas Koumis on Friday said that tourist arrivals for the first four months of 2024 indicate that the island can achieve its goals for the year, despite ...