4 d. ago Cyprus Business Now: energy, women in maritime, estate agents, tourism

France and Germany are moving towards a joint European energy policy based on technological neutrality, marking a new phase in nuclear energy, according to Andreas Poullikkas, professor of energy systems at Frederick University and former chairman of the Cyprus Energy Regulatory Authority (CERA). Poullikkas was commenting on the joint declaration by French President Emmanuel Macron […]

Politics

8 d. ago Cyprus Business Now: startup ecosystem, GDP growth, tourism, PwC scheme

The Cyprus Securities and Exchange Commission (CySEC) this week issued two separate announcements relating to regulatory action and fund liquidation. In a decision made during its meeting on February 2025, the board of CySEC imposed an administrative fine of €1,250 on Cyprus Investment Firm (CIF) iTrade Global (CY) Ltd. The company, identified by Legal Entity […]

Politics

9 d. ago Cyprus Business Now: Hellenic Bank, Ermes, Tourism, Lady’s Mile

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority of the bank’s borrowers—more than 90,000—by easing their loan repayment terms,” the bank said. It further stated that this development “actively […]

Economics

3 w. ago Cyprus Business Now: tourism, Lebanon ferry link, Salamis, entrepreneurship

Nearly 40 per cent of Cypriots see opportunities to start a business, a new national report by the University of Cyprus has found. The 2023–2024 Entrepreneurship Report also revealed that 60.5 per cent believe they have the skills to launch one. However, 53.3 per cent report a fear of failure, which may prevent them from […]

Politics

3 w. ago Cyprus and Lebanon ferry link on the cards, according to reports

Foreign investors have officially notified Cypriot authorities this week of plans to establish a new coastal ferry link between Cyprus and Lebanon, according to the announcement. The proposal, confirmed by information obtained by Philenews on Tuesday, sets out a passenger-only connection from the port of Larnaca to Jounieh, a coastal town just north of Beirut. […]

Politics

4 w. ago Cyprus Business Now: Larnaca tourism, real estate market, government deficit

The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the Cyprus Real Estate Agents Registration Council. In its report, the council noted that Paphos is currently enjoying strong interest from international buyers, while Limassol […]

Politics