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961. Tourism's dynamic future: Adapting to change from within

It's something we've heard many times from tourism authorities, that 2019 should no longer be used as a point of reference for tourism....

962. Loan denial sparks debate over EuroAsia electricity project

The European Investment Bank's (EIB) recent refusal to grant a loan for the EuroAsia Interconnector Electric Interconnector project has ignited a heated debate over the future of the ambitious energy initiative....

963. Uncontrolled land sales in occupied territories raise concerns

Kudret Ozersai, Chairman of the People's Party of the "TRNC", has sounded an alarm over the potential danger posed by unregulated real estate sales via companies in the pseudo-state. Ozersai has demanded immediate transparency regarding the extent of land areas sold to foreigners....

964. Petrides: ''EIB denies EuroAsia funding, government's involvement a no-go''

Constantinos Petrides, the former Finance Minister, has reacted to the recent refusal of the European Investment Bank (EIB) to provide funding for the EuroAsia Interconnector electricity interconnection project....

965. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

966. Startups get boost from new PRE-SEED program

The Research and Innovation Foundation (RIF) has introduced the PRE-SEED program, welcoming entrepreneurs and early-stage startups with open arms. The program offers aspiring business owners the opportunity to secure equity-free funding,...

967. 2022 marks best real estate year in 14 years

DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...

968. Luxurious residences and cutting-edge offices transform Nicosia's skyline

After being closed for two years, the Landmark Hotel, formerly known as the Hilton, is undergoing rapid renovation. The MHV Group, the owner, has provided an update indicating that the project is progressing swiftly according to the plan, ...

969. Cyprus hotels expect August rebound, 85%-90% occupancy forecasted

The occupancy of hotels in July was between 80%-85% and better results are expected for August, when occupancy rates could reach 85%-90% the Head of the Cyprus Hotels Association (PASYXE) Thanos Michaelides told the Cyprus News Agency....

970. The EuroAsia saga continues

In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....

971. Jordan and EU strengthen energy ties via Cyprus

The desire for cooperation with Cyprus on the issue of Jordan's electricity connectivity with the EU was expressed by the Jordanian Minister of Energy during his meetings with the Cypriot Minister of Energy in Amman. ...

972. Eurobank Cyprus reports soaring profits amid rising interest rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

973. Cyprus and Jordan forge partnerships in health, investment, and emergency response

Cyprus and Jordan's governments signed two Memorandums of Cooperation and a Technical Arrangement on Tuesday, establishing collaborations in the health and investment sectors...

974. Southern Europe shines as affordable summer haven

In an analysis by Allianz Research, holidays in southern European countries retain their cost advantage over other "competitive" summer destinations worldwide, despite rising expenses. ...

975. Melco Announces Unaudited Second Quarter 2023 Earnings

Melco Resorts & Entertainment Limited (Nasdaq: MLCO), operator of City of Dreams Mediterranean and Cyprus Casinos (“C2”), reported its unaudited financial results for the quarter ended 30 June 2023....

976. Amman to welcome President in official visit

President of the Republic, Nikos Christodoulides pays a visit to Amman on Tuesday and will hold talks with King Abdullah II of Jordan....

977. Government achieves €155.5M surplus in 2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

978. Wizz Air hits milestone with 6 Million passengers at Larnaca airport

Low-cost - airline Wizz Air, celebrated the successful transportation of six million passengers to and from the airport of Larnaka, Cyprus....

979. Cyprus banks witness €52.3B growth

Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....

980. Lawsuit threatens €284.5M PDO halloumi industry

Shortly before the completion of a year (July 22, 2022) since the agreement between the Ministry of Agriculture, producers, cheesemakers, and KEVE, and the implementation of the terms of the European Regulation in the halloumi production chain, it seems that Cyprus' protected cheese is facing new challenges....

981. Telecom giant Primetel faces administration

In a recent development, Primetel, a prominent telecommunications company, has entered administration. The company officially informed the Office of Electronic Communications and Postal Services about this significant change in its status....

982. Government's solar power initiative for vulnerable homes

The government is currently working on the installation of free solar power systems for vulnerable individuals....

983. Petrides tweets expose EuroAsia Interconnector's risks

A series of points accompanied by questions were posted on Twitter by former Minister of Finance, Constantinos Petrides, commenting on the developments regarding the evaluation of the sustainability of the EuroAsia Interconnector project, the electric interconnection project between Cyprus, Greece, and Israel. ...

984. Erdogan's diplomatic efforts in Gulf region

CONSTANTINOPLE - REPORT: With the aim of attracting capital worth 50 billion dollars, Recep Tayyip Erdoğan embarked on a tour of Gulf countries. ...

985. Cyprus-Oman double taxation agreement approved

The Council of Ministers approved on Wednesday an agreement for double taxation avoidance and the prevention of tax evasion regarding income taxes as well as the relevant protocol between the Republic of Cyprus and the Sultanate of Oman, Minister of Finance, Makis Keravnos said after the Cabinet meeting....

986. Varosha hotels now accepting bookings for 2025

The latest developments in Varosha have been brought to light by Yeni Bakis newspaper. ...

987. Banking on success: Greek and Cypriot banks show remarkable credit improvement

Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....

988. President and FM to join EU-CELAC meeting

Cyprus' President Nikos Christodoulides is set to participate in the Summit of the European Union and the Community of Latin American and Caribbean States (CELAC) in Brussels on July 17 and 18....

989. Philippos Soseilos: Significant investment opportunities in Cyprus

990. EY Cyprus announces five new partners

EY Cyprus is pleased to announce that its management team has been strengthened with the addition of five new partners and five new directors in 2023, reaching the total number of 31 partners of whom 6 are women, and 17 directors of whom 8 are women....