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31. Cyprus sees investment boom as foreign companies flock to the island

The investment scene in Cyprus is off to a strong start in 2025, with foreign investors showing increased enthusiasm for setting up businesses on the island....

32. Freedom24 Chess Academy has opened in Limassol

Freedom24 Chess Academy was officially inaugurated in Limassol on March 1. Timur Turlov, CEO of Freedom Holding Corp., encouraged the young participants to strive for new heights in chess. ...

33. Eurobank Cyprus: Stronger in 2024, with a net profit of €214mn

Eurobank Cyprus ended 2024 with increased profitability strong capital adequacy and maintained its good loan portfolio quality. The results reaffirm the Bank’s sound performance and resilience, the effective management of challenges in 2024,...

34. ''Populism and opportunism'' behind reactions, claims company

The owners of the CITADEL project, Nerofarm Ltd., have issued a statement clarifying their position in response to media coverage regarding the development in the Palouriotissa area....

35. Passenger numbers at airports exceed 500,000 for the first time in February

For the first time, passenger traffic at Larnaca and Paphos airports surpassed the 500,000 mark in February, reflecting an 8% increase compared to the same month last year....

36. ECB cuts interest rates by 25 points as inflation eases

The European Central Bank (ECB) announced on Thursday a fresh interest rate cut, lowering its three key rates by 25 basis points in a bid to support the eurozone economy as inflation gradually eases....

37. Cyprus banks hit record high profits despite ECB rate cuts

Despite the European Central Bank (ECB) preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus have soared, marking two consecutive years of record earnings. ...

38. Unemployment in Cyprus inches up but remains below EU average

Unemployment in Cyprus ticked up slightly in January 2025, reaching 5.0%, compared to 4.9% the previous month, according to new data from Eurostat. Despite the monthly rise, the overall trend remains positive, with unemployment lower than the 5.3% recorded in January 2024....

39. Global fintech investment falls to seven-year low of $95.6 billion in 2024, but uptick in Q4’24 is a sign of cautious optimism says KPMG’s Pulse of Fintech H2’24

2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....

40. Lidl at its best: 15 years of dynamic presence in Cyprus

Lidl Cyprus celebrates 15 years of presence in the local market this year, a different celebration that shows us the character of the company, but also the reason why it has reached such a high level of preference among the Cypriot public. ...

41. Cyprus and the Netherlands: A strong but often overlooked bond

The Netherlands, a key player in both the EU and NATO, remains somewhat of an unknown entity in Cyprus—aside from Amsterdam’s popularity as a travel destination and the well-known football club Ajax....

42. Cyprus tax reform: Bold overhaul aims to boost economy but sparks debate

Cyprus is preparing to implement its first major tax reform in over two decades, aiming to modernize the tax system, boost competitiveness, and align with international standards....

43. Greek banks continue to invest in Cyprus with new acquisitions

Greek banks are showing no signs of slowing down when it comes to investing in Cyprus. ...

44. 33East Unites Cyprus’ Startup Ecosystem for Official Fund Launch

33East, a Cyprus-focused venture capital firm, is officially launching its debut fund with an event bringing together founders, investors, and key ecosystem leaders who share the vision of transforming Cyprus into a hive for innovation and entrepreneurship....

45. Discover the Timeless Charm of Paphos with Leptos Estates

Paphos, the enchanting town on the southwestern coast of Cyprus, is more than just a destination – it's a way of life....

46. Cyprus tax reform: A win for families, a challenge for businesses

Cyprus is set to undergo its first major tax reform in over 20 years, with changes expected to align the system with the country’s evolving economic landscape....

47. Larnaca’s landmark ‘Land of Tomorrow’ project set to break ground

Larnaca’s waterfront is set for a major transformation, as construction on the ambitious Land of Tomorrow project is set to begin in the coming months, with a total investment exceeding €800 million....

48. Cypriot businesses set their sights on the U.S.

For the first time, a Cypriot business delegation will participate in the SelectUSA Investment Summit and SelectUSA Tech Summit, two major investment events in the United States aimed at companies looking to enter or expand in the U.S. market....

49. Paphos-Polis ''killer road'' to become four-lane highway after years of delays

The long-debated Paphos-Polis Chrysochous road project is finally moving forward—with a major upgrade. What was once planned as a two-lane highway will now be a four-lane road, a move the government says will improve safety and boost economic growth in the region....

50. A.I. Motokinisi Ltd: Supporting Volunteerism, Strengthening Cooperation with SupportCY

A.I. Motokinisi Ltd, the official representative of Porsche cars in Cyprus, announced during an event held at its showroom space in Nicosia that it will further strengthen its collaboration with SupportCY, an initiative of the Bank of Cyprus....

51. 2024 global VC investment rises to $368B as investor interest in AI soars

Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024 despite a multitude of challenges, including global conflicts and geopolitical tensions, uncertainties associated with a significant number of major elections—...

52. Bank of Cyprus cancels plan to sell JCC Payment Systems

The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....

53. Anti-immigration rhetoric grows, but immigrants could help Europe's (and Cyprus') aging populations

The rise of far-right, anti-immigration politics across Europe is threatening to accelerate the continent’s demographic decline, experts warn, potentially triggering economic instability, labor shortages, and soaring costs for elderly care....

54. Government announces minimum wage increase for hotel workers

President Nikos Christodoulides highlighted key economic and labor policy decisions today during a Council of Ministers meeting at the Presidential Palace, emphasizing efforts to boost employment and attract Cypriot professionals back home....

55. One in three short-term rental accommodations is illegal

56. Bank of Cyprus posts €508M profit for 2024

Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....

57. Larnaka: New projects, new energy, and a bright outlook for its tourism

Larnaka is on the verge of an exciting transformation. With its beautiful coastline, rich history, and growing modern developments, the city is becoming an increasingly attractive spot for tourists....

58. EY: The biggest risks facing Cyprus and governments worldwide

As we move further into 2025, governments around the world, including Cyprus, are facing a range of challenges....

59. Is Palodeia the future of higher education in Cyprus?

The University of Limassol (UoL), formerly known as CIIM, is set to relocate from central Limassol to Palodeia, as part of a large-scale, mixed-use development led by real estate firm bbf. ...

60. Is Cyprus' public sector too large? Hiring freeze lifted amid rising costs.

The Cyprus government is set to fully lift the ban on hiring permanent public sector employees, marking a significant shift from austerity measures imposed over a decade ago....