Search

1. AstroBank's record-breaking year: €30.4M in profits for 2023

AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....

2. Thanos Hotels' bold move into Greek hospitality

With over 50 years of experience in the hospitality industry and a track record of highly successful operations in three ultra-luxurious hotels in Cyprus......

3. Larnaca's renaissance as the island's boutique oasis

In a recent article by Kathimerini journalist Maria Eracleous, the spotlight is on Larnaca's burgeoning tourism sector, with a particular focus on the Accor Group's inaugural venture in the city....

4. Pillar two readiness and technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

5. Imperio leads Cyprus real estate into green future with first-ever ESG report

Imperio remains steadfast in its commitment to promote the green transition of Cyprus’ real estate sector – a development that will greatly benefit the sector’s businesses, society, economy, as well as the environment itself, in multiple ways....

6. High dust levels blanket the sky

Cyprus is grappling with a surge in dust concentrations, as reported by the Air Quality Monitoring Network of the Labour Inspection Department. Ground station measurements reveal a notable uptick in airborne particles, prompting health advisories and precautionary measures....

7. Thanos Hotels' arrival signals shift in Nicosia's identity

In Nicosia, specifically within its historic center and nestled within the ancient walls, Thanos Hotels is gearing up for a new venture. ...

8. How artificial intelligence is changing Cyprus

The 8th Innovation and Entrepreneurship Forum, focusing on ''AI & Business: creating value, minimizing risks,'' held at the University of Cyprus on Tuesday (28/11), delved into the impact of artificial intelligence (AI) on business. ...

9. Electronic IDs set to transform citizen services

Before the end of the current year, citizens and various professional groups will benefit from the use of electronic identity and electronic signatures in several government services, said Philippos Hadjizacharia, the Deputy Minister of Research, Innovation, and Digital Policy, during his speech at the 19th annual Economist Conference in Nicosia. ...

10. The Beatles' 'Now and Then' surprises fans with a release

George Harrison originally disliked it; fans had long assumed it would never be released. But the “final” song by the Beatles, Now and Then, is being released at 2pm GMT, an unexpected last flourish for arguably the UK’s greatest band....

11. Survey reveals 26.8% face violence from students in Cyprus

In Cyprus, a recent government school violence survey has revealed alarming statistics regarding the behavior of students and the treatment of teachers....

12. Larnaca's Palm Beach embraces major renovation

The Palm Beach Hotel & Bungalows in Larnaca will be renewed and upgraded as part of its transformation into the Palm Beach Resort....

13. High dust concentrations pose health risks

The Air Quality Monitoring Network, operated by the Department of Labour Inspection, has detected elevated concentrations of dust in the atmosphere on Wednesday, raising concerns about potential health risks....

14. Government unveils €77 million housing policy to tackle housing crisis

Interior Minister Konstantinos Ioannou introduced the government's new housing policy. In his opening statement, Mr. Ioannou outlined a comprehensive plan involving multiple levels of actions and measures, which allocates €77 million over a five-year period for the implementation of specific initiatives....

15. Cavaway, a member of the Alexandrion Group, at the Cyprus Cocktail Festival 2023

The 4th Cyprus Cocktail Festival, a part of the Digital Agenda Cyprus Summit, is delighted to announce Cavaway's presence, a member of the Alexandrion Group, as one of the key suppliers at the festival. The event will be held on October 17, 2023, at the Nicosia Municipal Garden, starting at 19:00, showcasing the premium brands Kreskova Vodka and Black Tears Dry Spiced Rum....

16. Executives Club of Cyprus announces Youth Tech Fest Cyprus 2023

The Executives Club of Cyprus is delighted to announce the forthcoming Youth Tech Fest Cyprus 2023, accessible at www.youthtechfest.com....

17. Consulco’s London Credit Fund; Existing & New Investment Opportunities

18. Church advocates sex ed as long as it's 'responsible'

The Holy Synod of the Church of Cyprus convened in its third regular session of the year, presided over by Archbishop George, Archbishop of Cyprus. ...

19. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

20. Cyprus Cocktail Fest and N-ice Ice Cubes shake things Up!

In a significant collaboration, the Cyprus Cocktail Festival, a prominent component of the Digital Agenda Cyprus Summit, has teamed up with "N-ice" ice cubes from the Papafilippou Group....

21. Fattal Group acquires yet another holiday property in Cyprus

The facelift at Elias Latsi Holiday Village Resort is progressing smoothly, thanks to the recent positive response from the Environmental Authority....

22. Slovakia's UN peacekeeping efforts in Pyla earn global praise

FM Constantinos Kombos and Slovak Ambassador Martin Bezak praised the principled stance of the Slovak contingent of the UN peacekeeping force during the recent incidents in Pyla....

23. Compensation plans unveiled for Akamas communities

Starting tomorrow, September 1, 2023, the stipulations outlined in the Akamas Local Plan will be enacted. Yesterday, Mr. Konstantinos Ioannou, the Minister of Interior, and Mr. Petros Xenophontos, the Minister of Agriculture, Rural Development and Environment,...

24. EuroAsia interconnector seeks alternative funding

The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...

25. 670K euros invested in Ayia Napa beach amenities

Four thousand new sunbeds and a thousand beach umbrellas, valued at a total of 670 thousand euros, have been recently set up along the shores of Ayia Napa....

26. 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, ...

27. BOC reports €220 million profit for first half of 2023

Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....

28. 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....

29. Results of Aphrodite drilling expected this August

The confirmatory drilling A3 in the Aphrodite reservoir was completed last week, stated Minister of Energy Giorgos Papadopoulos on Monday, noting that there seems to be positive news....

30. Air pollutants rise from Geri fire, but remain manageable

The Department of Labour Inspection has issued a statement in response to the ongoing fire in the Industrial Area of Geri, noting elevated concentrations of pollutants. ...