Search

1. Market changes, Eurobank's move, and economic struggles

Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...

2. Cyprus higher education sees doubling of student enrollment over past decade

Health Minister Michalis Damianos praised the dramatic growth of Cyprus' student population during a graduation ceremony at the University of Frederick in Nicosia on Friday....

3. CBC projects 3% GDP growth in 2024

The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....

4. Cyprus wins IMF praise for strong recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

5. Labor shortage hits Antiparos island

The small Aegean island of Antiparos is in a fever of preparations for the summer’s tourism miracle. ...

6. The hotspots where Cypriots are headed to this Easter

The Easter festive period can actually be described as the vanguard of the summer holidays for Cypriots who choose to holiday outside Cyprus. ...

7. Cypriots opting for Easter holidays abroad

According to the Association of Cyprus Tourism Agents (ACTA), a substantial number of Cypriots are opting for Easter holidays abroad, as indicated by recent figures....

8. Cyprus welcomes foreign workers amidst hotel staffing crisis

The accord forged by the Ministry of Labour alongside employer and trade union representatives to tackle workforce shortages, especially prevalent......

9. Imported wine squeezes Cyprus market

According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...

10. Cyprus gears up for Easter holiday travel

With the Easter holidays on the horizon and favorable weather beckoning, Cypriots are organizing their getaways, both domestic and international. As the country's hotels prepare to open at full capacity next week, ...

11. Cyprus Investment Association unveils €8 billion in projects

Members of the Cyprus Association of Large Investment Projects unveiled ambitious plans Thursday, highlighting 18 to 20 projects valued at over €8 billion. ...

12. European Commission flags trade risks for Cyprus economy

The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......

13. Cyprus embraces global investment with its bond market debut

In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....

14. Central Bank predicts 2.2% GDP growth in 2023

The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively....

15. Assessing the dual impact of government's support measures

Recent days have witnessed crucial discussions surrounding measures to support households and businesses, a pressing necessity given the prevailing circumstances....

16. Cyprus welcomes most tourists among EU countries with 91% of visitors from abroad

In 2022, the EU received 45.8% of all international tourism arrivals in the world, despite representing 3.0% of the world's land area and 5.6% of the world's population, according to the UN World Tourism Organisation (UNWTO) shared by Eurostat on the occasion of World Tourism Day (27 September)....

17. City of Dreams Mediterranean partners with Cablenet

18. 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....

19. 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, ...

20. 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....

21. Pentecost weekend to boost tourism in Protaras

Last-minute reservations are typical for the Pentecost long weekend, as described by tourism professionals....

22. Prem Watsa: 'Greek banks are safer'

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....

23. Investigation into understaffing in the tourism industry is imminent

The start of the summer travel season is anticipated to occur around the end of March or the beginning of April, along with the reopening of hotel facilities that were closed during the winter....

24. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

25. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

26. France first country to ban short haul flights

France has been given the green light to ban short-haul domestic flights. Specifically, between locations where there is a train alternative that takes less than 2.5 hours....

27. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

28. Larnaca's new branded hotel (photos)

Solaar Hospitality's new hotel (formerly Michael's Beach Hotel) on the Larnaca-Dhekelia road is set to open in less than six months. The new hotel on the city's map will bear the name of an international hospitality chain and will open in April 2023 as the Mercure Beach Hotel Larnaca....

29. Wim Van Aken talks recession and the predictions for Cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

30. Ryanair blames 'lack of incentives' for closing its Athens hub

The intense competition in the domestic market, which started to shrink Ryanair’s share, is the reason why it decided to close its base in Athens this winter....