14 h. ago Cyprus tourism resilient despite global trade concerns, says Koumis

Tourism Deputy Minister Kostas Koumis this week announced a record-setting year for Cyprus’ tourism sector, with over 4 million visitors and revenues exceeding €3 billion. This growth has been fueled by a 6 per cent increase in air travel routes, including a significant 9 per cent rise in flights to and from Germany, Europe’s largest […]

Politics

16 h. ago Passenger demand growth accelerates to 10 per cent in January 

Global passenger demand experienced a robust increase in January, according to the International Air Transport Association (IATA). Total demand, measured in revenue passenger kilometres (RPK), rose by 10 per cent compared to January 2024, while capacity, measured in available seat kilometres (ASK), increased by 7.1 per cent year-on-year.   This led to an all-time high January […]

Politics

17 h. ago Cyprus Business Now: Alpha Bank, financial literacy, trade deficit, tourism

Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an official announcement from the bank, this four-day visit “reaffirms its commitment to strengthening its presence in Cyprus, positioning its subsidiary as a leading banking choice for businesses […]

Economics

31 h. ago DP World profits fall amid rising costs, geopolitical uncertainty

DP World, a Dubai-owned ports and logistics company, reported a 28 per cent fall in annual profit on Thursday, partly due to higher finance costs, and highlighted that global trade uncertainties and geopolitical risks were clouding its outlook. Profit attributable to the owners, after separately disclosed items, dropped to $591 million from $820 million a […]

Politics

35 h. ago Cyprus ranks fifth in EU for municipal waste, over 75 per cent landfilled

Cyprus has the fifth highest per capita municipal waste generation in the EU with municipal solid waste, 76.8 per cent of which is landfilled, Cyprus’ statistical service said on Thursday.  In Cyprus, municipal waste generation per capita reached 653kg in 2023, which ranked the fifth highest among EU member states, CyStat said. The total amount […]

Politics

36 h. ago Larnaca and Limassol fuel 7 per cent rise in Cyprus property sales in February

Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year. Developments in Limassol and Larnaca were the primary driver behind this surge. According to the land department, property sales nationwide rose to 1,371 in February 2025, up from 1,284 in the same month last year. Over […]

Politics

37 h. ago Cyprus sees rise in German and Polish tourism bookings for 2025

The Cyprus Hoteliers Association (Pasyxe) has expressed optimism about the upcoming tourism season, particularly due to an increase in bookings from Germany and Poland. Preliminary data from the association indicates a 9 per cent rise in early bookings from these markets compared to the same period last year. During the prestigious ITB Berlin travel exhibition, […]

Politics

41 h. ago Cyprus Business Now: Building permits, Hellenic Bank, Tourism, House prices

The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the state statistical service. The total value of these permits reached €177.8 million, covering a total area of 147,000 square metres. […]

Economics

42 h. ago Zara owner Inditex shares slide after slower start to first quarter

Zara owner Inditex (ITX.MC) this week reported a slower start to its first quarter starting February 1, raising questions around its ability to keep building on rapid recent growth and sending its shares down more than 8 per cent in early trading. Strong sales from Zara, which has been gaining market share from rivals such […]

Politics

52 h. ago ‘A steady pace and a clear plan’ – Christodoulides reviews his second year

President Nikos Christodoulides on Wednesday night gave a long, televised address in which he reviewed and appraised his second year in office, reassuring the public that he has acted with “a steady place and a clear plan” throughout. “During the second year of our term, we achieved the implementation of 90 per cent of the […]

Politics

55 h. ago ECB warns of inflation risks from trade, defence, and climate shocks

The euro zone economy is facing exceptional shocks from trade, defence and climate issues, possibly amplifying inflation volatility and raising the risk that price growth becomes more persistent, ECB President Christine Lagarde said on Wednesday. These forces make it impossible for the ECB to signal policy intent but make it imperative the bank doubles down […]

Events

58 h. ago Online shopping satisfaction rates in Cyprus among highest in EU

Cyprus has one of the lowest rates of online shopping complaints in the European Union, as only 14.7 per cent of its consumers reported issues, according to data released by Eurostat on Wednesday. Moreover, lowest shares were also reported in Portugal (4.3 per cent) and Latvia (13.7 per cent) In contrast, around one-third (33.1 per […]

Politics

59 h. ago Economist sees 40 per cent US recession chance and risks to ‘exorbitant privilege’

There is about a 40 per cent chance of a US recession this year and a risk of lasting damage to the country’s standing as an investment destination if the administration undermines trust in US governance, according to J.P. Morgan’s chief economist. “Where we stand now is with a heightened concern about the US economy,” […]

Economics

61 h. ago Hellenic Bank shares set for delisting as Eurobank nears full ownership

Eurobank has outlined its strategic objectives following the acquisition of 100 per cent of Hellenic Bank in its public offer document, which details the roadmap for the acquisition process. The bank intends to proceed with the necessary steps to delist Hellenic Bank’s shares from the Cyprus Stock Exchange (CSE) upon completion of the offer. The […]

Politics

3 d. ago Best Crypto presales: Make it big in digital assets with DEBO, DLUME and more

An opportunity for investors to engage in developing projects from an early stage is given in the case of presales as the cryptocurrency market evolves. Presales usually come with discounted rates which might be a good thing for the long term. Here we examine five crypto presales that have attracted investors’ attention in 2025. List […]

Politics

3 d. ago Cyprus interest rates converging with eurozone average, Central Bank reports

Cyprus interest rates converging with eurozone average, Central Bank reports  in-cyprus

Politics

3 d. ago Aegean reports 9 per cent passenger growth, announces new routes

Aegean Airlines on Tuesday reported a strong start to 2025, carrying 1.9 million passengers in the first two months of the year, marking a 9 per cent increase compared to the same period in 2024. The airline also announced ambitious expansion plans, offering 1.8 million additional seats in 2025, bringing the total available seats to […]

Politics

3 d. ago Investor secures 87.85 per cent of Rodon hotel’s parent company

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd to 87.85 per cent, the owner of Rodon Hotel, following the successful completion of his public offer to shareholders. According to an official announcement released this week, the public offer concluded on March 6, 2025, with the total acceptance […]

Economics

4 d. ago Greece Reaffirms Commitment To Subsea Power Link With Cyprus

Greece Reaffirms Commitment To Subsea Power Link With Cyprus - Greek City Times  GreekCityTimes.com

Politics

4 d. ago Cyprus vehicle registrations drop — EVs and hybrids rise from last year

Vehicle registrations in Cyprus saw a significant decrease in February 2025, with total registrations dropping 13.6 per cent to 3,757, down from 4,346 in February 2024, according to Monday’s report from the statistical service. Passenger saloon car registrations experienced a sharper decline, falling by 15.5 per cent to 2,908 from 3,443 the previous year. According […]

Politics