Cyprus Electricity Authority opens 12 MW photovoltaic park
Photo: EAC PV Park at Tseri, Cyprus (c) EAC The Electricity Authority of Cyprus (EAC) has opened a second photovoltaic park in Akrotiri...
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Jan 8
Cyprus Airports reach new record of 11.6 mln arrivals in 2023
Larnaka Airport (c) Hermes Airports The Republic of Cyprus is served by two international airports, both operated by Hermes Airports:...
Jun 22, 2021
Cyprus to privatise Stock Exchange by end-2022
The government of Cyprus announced plans to privatise the Cyprus Stock Exchange next year through the entry of a strategic investor. In...
Apr 29, 2021
Ritz Carlton announces Limassol Residences Project
Today, Ritz Carlton announced its intention to operate the Ritz-Carlton Residences in Limassol, Cyprus. According to Ritz Carlton, the...
Apr 27, 2021
Cyprus Shipping Ministry to establish new incentives for Shipping Emissions Reductions
According to the Cyprus Investment Promotion Agency (CIPA), the Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green...
Apr 18, 2021
Financial Software company Murex to establish subsidiary office in Cyprus
According to the Cyprus Mail, Murex, the global leader in trading, risk management, and processing solutions for capital markets, will...
Mar 25, 2021
Fitch Ratings affirms Cyprus at Outlook Stable
Fitch Ratings has affirmed Cyprus's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook....
Jan 30, 2021
Cyprus at the Crossroads
Philip Ammerman | 29 January 2021 In January 2021, Cyprus finds itself once again at a crossroads. The end of the Citizenship by...
Jan 17, 2021
Cyprus lifts travel ban on 56 countries
The Cypriot government has updated its protocol for travel and tourism in December 2020. It comes into effect as of 1 February 2021 and...
Dec 16, 2020
Cyprus completes 5G spectrum tender
The government of Cyprus has successfully tendered four licenses for 5G spectrum rights. This marks the beginning of the 5G era in...
Nov 16, 2020
European Commission disburses € 14 billion under SURE to nine Member States
The European Commission has disbursed € 14 bln to nine EU countries in the second installment of financial support. As part of today's...
Nov 5, 2020
European Commission forecasts 6.1% decrease in Cyprus GDP in 2020
According to the European Commission, economic activity in Cyprus contracted sharply in the first half of the year, due to Covid-19...
Oct 22, 2020
Cyprus records deficit of € 800 mln in Q2 2020
According to the Cyprus Statistical Service (Cystat), Cyprus recorded a deficit of € 800 mln in the period April - June 2020, compared to...
Sep 28, 2020
Cyprus tourism revenue falls by 88.5% in January – July 2020
According to the Statistical Service of Cyprus, revenues from tourism in Cyprus fell by by € 1.26 bln (88.5%) during the first seven...
Sep 15, 2020
DBRS Morningstar outlines COVID-19 Economic Risks to Tourism in Cyprus
DBRS Morningstar has released a report on the economic vulnerabilities faced by the southern European countries most exposed to tourism...
Aug 9, 2020
Cyprus and Russia agree to change Double Tax Treaty
Financial relations between Russia and Cyprus have been uncertain since March due to Russia’s move to amend the Double Tax Treaty between...
Aug 3, 2020
First Indications of the Second Wave
The onset of tourism and the relaxation of social distancing show that a Second Wave of COVID-19 infections is starting.
Jul 30, 2020
€ 2.7 bln in EU Support allocated to Cyprus
Cyprus will receive € 2.7 billion from the EU Pandemic Recovery Fund and the 7-Year regular EU budget. The recovery fund allocation is
Jul 30, 2020
Stockwatch Update on the Cyprus Citizenship by Investment Programme
The Citizenship by Investment Programme has seen a slowdown in applications in 2020 due to the COVID crisis. This is preventing potential in
Sep 24, 2019
Louis Group sells 5 Greek hotels to Blackstone
On Friday, 20 September, the Louis Hotels Group of Cyprus announced the sale of five Greek hotels to the Blackstone Group. The total...
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