32 h. ago Cyprus deputy shipping minister visits UK to boost IMO council bid

Deputy Shipping Minister Marina Hadjimanolis,paid a working visit to London this week, aiming to strengthen bilateral ties with the United Kingdom. The trip also sought to promote Cyprus’ bid for re-election to the council of the International Maritime Organisation (IMO) for 2026-2027 in November. According to the announcement, the visit was marked by a bilateral […]

Politics

32 h. ago Sklavenitis sets a new standard for employee benefits in Cyprus

In a remarkable move that redefines employee support within the retail sector, supermarket chain Sklavenitis has introduced the 14th salary to its entire workforce in Cyprus, including employees from the recently acquired Papantoniou stores. This initiative makes Sklavenitis the only supermarket chain on the island to offer this valuable financial benefit to all of its […]

Politics

34 h. ago Algorithmic trading risky without oversight, warns CSE official

Artificial intelligence (AI) is rapidly transforming financial markets by bringing “speed and innovation” to the sector, according to Eliza Stasopoulou, senior officer at the Cyprus Stock Exchange. However, Stasopoulou also cautioned that its successful use depends on having “strong regulations, ethical safeguards, and human oversight” to ensure technology serves the public good. She underlined that […]

Events

39 h. ago Jet2 shares fall as 2026 outlook withheld amid booking delays

British low-cost airline and travel firm Jet2 (JET2.L) said it was premature to give a forecast for fiscal year 2026 as later bookings and global uncertainty clouded visibility into future business, sending shares sharply lower on Wednesday. The global travel and leisure sector is operating against the backdrop of geopolitical disruptions and inflationary cost pressures, […]

Politics

53 h. ago Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment both increased during the reporting period, although value added at current prices fell slightly due to declining fuel prices. The report showed that total turnover […]

Politics

62 h. ago Zero Trace Festival: Limassol embraces a celebration without waste

By Kristina Cernakevica Two weeks ago, something quite revolutionary happened in the heart of Limassol. University Square – often a site of casual weekend strolls – became the stage for Cyprus’s first truly low-impact community celebration. The Zero Trace Festival, held on June 21 and 22, didn’t just invite people to enjoy food, music, and […]

Sport

3 d. ago Two crew dead, at least two wounded in attack on Greek vessel in Red Sea

Two crew members of the Liberian-flagged, Greek-operated bulk carrier Eternity C were killed in a drone and speedboat attack off Yemen on Monday evening, Liberia’s shipping delegation told a meeting of the International Maritime Organisation on Tuesday. The deaths on the vessel, the first involving shipping in the Red Sea since June 2024, bring the […]

Events

3 d. ago Cyprus shipping giants announce ₹10,000 crore investment, marking largest FDI in Indian maritime sector

Cyprus shipping giants announce ₹10,000 crore investment, marking largest FDI in Indian maritime sector  ET Infra

Politics

3 d. ago Shipping minister meets Egyptian official to boost maritime ties

Deputy Shipping Minister Marina Hadjimanolis met last week with the president of the Arab Academy for Science, Technology and Maritime Transport (AASTMT), Ismail Abdel Ghaffar Ismail Farag, at the Shipping Deputy Ministry’s offices in Limassol. According to an announcement released on Tuesday, the visit followed Hadjimanolis’ official trip to Egypt in October 2024. During her […]

Politics

3 d. ago The Deputy Minister of Shipping of the Republic of Cyprus had a meeting with the President of the Arab Academy for Science, Technology and Maritime Transport, in Cyprus

The Deputy Minister of Shipping of the Republic of Cyprus had a meeting with the President of the Arab Academy for Science, Technology and Maritime Transport, in Cyprus  Gov.cy

Politics

3 d. ago Cyprus industrial sector value added rises 11.3 per cent in 2023

Employment in Cyprus’ industrial sector rose by 1.2 per cent in 2023, reaching 42,600 people compared to 42,100 in 2022, according to official figures published in the Survey on Industrial Production 2023. The largest share of industrial employment was in manufacturing, which accounted for 37,400 jobs. Mining and quarrying employed 600 people, electricity supply 2,400, […]

Politics

3 d. ago India to get Rs 10,000 crore from Cyprus, Danish firms in biggest maritime FDI since 2005

India to get Rs 10,000 crore from Cyprus, Danish firms in biggest maritime FDI since 2005  The Economic Times

Politics

3 d. ago India to get Rs 10,000 crore from Cyprus firms in biggest maritime FDI since 2005

India to get Rs 10,000 crore from Cyprus firms in biggest maritime FDI since 2005  The Economic Times

Politics

3 d. ago Houthis claim first ship sinking this year in Red Sea attack

Yemen’s Iran-aligned Houthis said on Monday that a cargo ship they struck with gunfire, rockets and explosive-laden remote-controlled boats had sunk in the Red Sea, after their first known attack on the high seas this year. The ship’s Greek operator Stem Shipping told Reuters it had no independent verification. Reuters could also not immediately verify […]

Events

4 d. ago Cyprus farmers urged to adopt technology in €450m rural plan

Agriculture Minister Maria Panayiotou on Monday said that the Strategic Plan for the Common Agricultural Policy (CAP) 2023-2027, with a budget of more than €450 million for rural development, is central to efforts to create “a sustainable, competitive and future-proof primary sector”. Speaking at a training day on ‘Smart agriculture in field crops’ at the […]

Politics

4 d. ago TechIsland launches initiative to support legal professionals in tech sector

TechIsland, Cyprus’ largest technology association, on Monday announced the creation of the TechIsland Legal Community. According to the announcement, this is a new professional initiative dedicated to lawyers, legal advisors, and compliance professionals operating in the country’s fast-growing tech sector. “As part of its broader mission to strengthen Cyprus’ position as a regional tech hub, […]

Politics

4 d. ago Court cancels €6.4m CySEC fine against Vardinogiannis siblings

The Administrative Court has annulled a fine of more than €6.4 million imposed by the Cyprus Securities and Exchange Commission (CySEC) on Greek business siblings Ioannis and Amalia Vardinogiannis over allegations of insider trading involving shipping sector changes and shareholding in a listed company. According to Cypriot daily Politis, the court accepted the appeals lodged […]

Events

4 d. ago Customs seize unmarked goods and suspected counterfeit items in Limassol

A large quantity of unmarked and suspected counterfeit goods was seized during an inspection at a transport company in Limassol, the customs department said on Monday. The operation, carried out last Wednesday in coordination with the drug squad Ykan, aimed to detect illegal drug imports in intra-EU maritime cargo arriving from Greece. While no illegal […]

Politics

4 d. ago Athens maritime summit highlights welfare, training and digital tools

The 3rd CSN Mediterranean Crewing Conference drew a full house of international crewing professionals, HR leaders, shipowners and technology providers in Athens end of June, placing a spotlight on seafarers’ welfare, training and digital transformation. Held at the Stavros Niarchos foundation cultural centre to mark the ‘Day of the Seafarer’, the event brought practical insights […]

Politics

4 d. ago UK homebuilding returns to growth but commercial sector slumps

The downturn in Britain’s construction industry abated slightly in June as homebuilding returned to growth, but commercial building activity tumbled thanks to mounting worries about the economy, a survey has shown. The S&P Global UK Construction Purchasing Managers’ Index rose to 48.8 from 47.9 in May, a six-month high but still below the 50 threshold […]

Politics