12 h. ago Hotels near full as diverted flights bring 2,400 unexpected guests

Hotel occupancy in Cyprus is nearing full capacity after 16 flights were diverted from Israel to Larnaca and Paphos airports, following Israel’s strike on Iran. The roughly 2,400 passengers from those flights are now being housed in hotels across the island. “We were informed by the deputy ministry of tourism that the passengers of these […]

Sport

18 h. ago Cyprus Business Now: shipping, film industry, Finance Minister, banks, tourism

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday urged Cypriot banks to remain “vigilant and adaptive” in the face of mounting global uncertainty, stressing their role as “pillars of trust and economic stability”. Speaking at the annual general meeting of the Association of Cyprus Banks (ACB), held at the Hilton Nicosia, Patsalides outlined key priorities for […]

Economics

41 h. ago Shipping risks intensify as ICS calls for unified global response

The latest ICS Maritime Barometer highlights continued pressure on the global shipping industry, as maritime leaders face a combination of geopolitical instability, rising regulatory demands and growing cyber-security risks. Based on responses from 133 senior executives, the third annual edition of the report points to a decline in confidence across key operational areas, emphasising the […]

Events

48 h. ago Tourism minister highlights global challenges at Investopia Forum

Tourism minister highlights global challenges at Investopia Forum  eKathimerini.com

Politics

63 h. ago Cyprus, Greece and Lebanon unite to tackle tourism challenges

Tourism officials from Cyprus, Greece and Lebanon gathered in Limassol this week to discuss the future of the sector amid geopolitical uncertainty, climate risks and the growing influence of Artificial Intelligence. The panel brought together Cyprus Deputy Minister of Tourism Kostas Koumis, Greece’s Minister Tourism Olga Kefalogianni, and Lebanon’s Minister of Tourism Laura Kazin Lahoud, […]

Politics

3 d. ago Investopia Forum places Cyprus at the heart of regional investment strategy

Cyprus took the spotlight at the Investopia Global Mediterranean Forum in Limassol this week, with Energy Minister George Papanastasiou reaffirming the country’s commitment to building closer ties with the United Arab Emirates, particularly in areas such as energy, innovation, tourism and sustainable development. In a panel alongside UAE Minister of Economy Abdulla bin Touq Al […]

Politics

7 d. ago Cyprus Business Now: finance ministry, real estate, tourism, inflation

The Finance Ministry on Thursday expressed satisfaction with the findings of the European Commission included in the 2025 Spring Package for Cyprus. In a statement, the ministry said that the report “clearly confirms the steady progress, resilience, and dynamism of the Cypriot economy“. Moreover, the ministry underlined that these findings are particularly noteworthy given the current […]

Economics

8 d. ago Paphos welcomed 1.45 million visitors, earning €1.15 billion in 2024

Paphos solidified its position on the global tourism map in 2024, Deputy Minister of Tourism Kostas Koumis said during this week’s general meeting of the Paphos regional tourism board (Etap). He highlighted the strong partnership between Etap and the Deputy Ministry, which has driven targeted promotional efforts. Koumis also commended initiatives aimed at enhancing the […]

Economics

3 w. ago Hotel licence deadline pushed again as MPs slam ‘fictitious progress’

The House this week approved yet another extension to the licensing deadline for hotels and tourist accommodations, triggering backlash from MPs over years of delays and what they called ‘fictitious progress’. The new law pushes the deadline for securing an operating licence from the Deputy Ministry of Tourism to November 30, 2025, two months later […]

Events

3 w. ago CBC governor outlines strategies for economic resilience and growth

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday used his address at the 4th ICPAC Mediterranean Finance Summit to underline the importance of resilience in the face of global economic uncertainties. At the event, Patsalides highlighted the necessity for strategic reforms and robust regulatory frameworks to ensure financial stability and sustainable growth. “We […]

Economics

4 w. ago Cyprus tourism hits record number, Koumis praises collective effort

The only way for the tourism sector to continue its upward trajectory and its significant contribution to the Cypriot economy is through collective effort, according to Deputy Minister of Tourism Kostas Koumis. Koumis’ statements were delivered during an event hosted by Nordic Leisure Travel Group (NLTG) earlier this week. Nordic Leisure Travel Group is one […]

Events