17 h. ago Cyprus Business Now: economy forecast, BoC, AstroBank, shipping, tourism revenue

The Finance Ministry on Friday published its strategic fiscal policy framework for the period 2026 to 2028, forecasting stable economic growth and a steady decline in public debt over the next four years. Growth is expected to range between 2.9 per cent and 3.1 per cent during the period, with the public debt projected to […]

Economics

43 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

60 h. ago Cruise tourism key to Cyprus’ economic revival, says Limassol terminal operator

DP World Limassol on Thursday released a statement highlighting the expected arrival of around 140 cruise ships in 2025, underscoring the island’s resurgence as a major Eastern Mediterranean cruise destination. “The global cruise industry has emerged as a significant catalyst for tourism development, contributing substantially to local and national economies,” the Limassol cruise terminal operator […]

Economics

67 h. ago Cyprus Business Now: Eurobank, hospitality, tourism, illicit trade, real estate

The Cypriot banking sector has undergone an impressive transformation since the 2013 financial crisis and has emerged stronger, more resilient, and better aligned with international standards, according to Wim Mijs, Director General of the European Banking Federation (EBF). Speaking to the in an exclusive interview with the Cyprus News Agency (CNA), Mijs highlighted the substantial reduction of non-performing loans, […]

Economics

3 d. 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

8 d. ago Tourism information office project gets green light in Paphos

A new chapter in Paphos’ tourism development began on Friday, with the signing of a contract to create the town’s new tourism information office. The municipality of Paphos confirmed it has signed the agreement with the construction company B.K.V. Exelixis General Constructions Ltd to carry out the works on behalf of the deputy ministry of […]

Politics

8 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

9 d. ago Cyprus Business Now: property market, Jumbo, RIF, tourism, European Commission

Cyprus is no longer considered a country with macroeconomic imbalances, according to the European Commission’s 2025 Spring Package under the European Semester. This decision follows a sustained reduction in vulnerabilities related to external and private debt, supported by strong economic growth. At the same time, the European Commission has issued targeted policy recommendations to guide […]

Society

2 w. ago EU must protect victims of wartime sexual violence wherever it happens, Demetriou says

Upholding women’s human rights in the face of sexual violence is an important humanitarian issue, in Cyprus and elsewhere, House speaker Annita Demetriou said during a meeting to address the trauma faced by Greek Cypriot women during the 1974 invasion of the island by Turkey. Her statements were made on Tuesday to a delegation of […]

Events

2 w. ago Cyprus Business Now: pharmaceutical factory, film production in Limassol, tourism

The 1st Annual General Meeting (AGM) of C.M.C.L. – Cyprus Marine Club Limited –in Limassol, marking its shift to a company limited by guarantee and electing a new board for 2025–2026. According to the statement, the meeting, which was held on May 23, opened with the confirmation of a quorum at 71.2 per cent. The […]

Culture

2 w. ago Greek Cypriot Press Claims Turkey’s “Island Cyprus” Campaign Aims to Steal Tourists and Legitimize Occupation

Greek Cypriot Press Claims Turkey’s “Island Cyprus” Campaign Aims to Steal Tourists and Legitimize Occupation  Kıbrıs Postası

Events

2 w. ago Cyprus among few Eurozone countries on track to hit ECB’s 2 per cent inflation target

Cyprus is expected to be among the few Eurozone countries to reach the European Central Bank’s 2 per cent inflation target by 2025–2026, as inflation across the bloc continues to ease gradually, according to the European Commission’s latest projections. Although early 2025 saw food and tourism prices surge in Cyprus, driven by strong demand and […]

Events

3 w. ago Saudi Arabia is Beating the UAE, Egypt, Qatar, Oman, Jordan, and Cyprus in a Middle East Tourism Boom Fueled by Massive Hotel Growth, Sky

Saudi Arabia is Beating the UAE, Egypt, Qatar, Oman, Jordan, and Cyprus in a Middle East Tourism Boom Fueled by Massive Hotel Growth, Sky-High Arrivals, and Route Expansions  Travel And Tour World

Politics

3 w. ago Christodoulides, Stubb praise ‘remarkable momentum’ of Finnish tourism in Cyprus

President Nikos Christodoulides and his Finnish counterpart Alexander Stubb praised the “remarkable momentum” of Finnish tourism in Cyprus during the former’s visit to Helsinki on Thursday. The visit marked the first visit of a Cypriot president to Finland since Cyprus joined the European Union in 2004, with government spokesman Konstantinos Letymbiotis after the meeting pointing […]

Politics

3 w. 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

3 w. ago Cyprus Unveils Island Cyprus Strategy to Elevate Northern Tourism with Expanded Air Connectivity Massive Investments and Global Marketing for Sustainable Growth

Cyprus Unveils Island Cyprus Strategy to Elevate Northern Tourism with Expanded Air Connectivity Massive Investments and Global Marketing for Sustainable Growth  Travel And Tour World

Economics

4 w. ago Turkey’s “Island Cyprus” Tourism Campaign Sparks International Debate

Turkey’s “Island Cyprus” Tourism Campaign Sparks International Debate  Travel And Tour World

Society

4 w. ago Türkiye’s ‘Island Cyprus’ campaign to boost tourism in Turkish Cyprus | Daily Sabah

Türkiye’s ‘Island Cyprus’ campaign to boost tourism in Turkish Cyprus | Daily Sabah  Daily Sabah

Politics

4 w. ago Türkiye highlights support for TRNC tourism with ‘Island Cyprus' initiative

Türkiye highlights support for TRNC tourism with ‘Island Cyprus' initiative  Yeni Şafak

Politics

4 w. ago Türkiye backs boosting tourism in TRNC with ‘Island Cyprus’ campaign

Türkiye backs boosting tourism in TRNC with ‘Island Cyprus’ campaign  TRT Global

Politics