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Zaria Development receives planning permission in Limassol, Cyprus
Anolia Holdings secured approval by the Cyprus Department of Environment for the construction of two high-rise buildings in Pyrgos in...
Jan 14, 2020


Paxakama Resorts receives approval to build 4-star hotel in Polis Chrysochous
The Cyprus Department of Environment has approved the construction and operation of a four-star hotel in the Polis Chrysochous area of...
Nov 26, 2019


Doms Group to build 4-star hotel in Nicosia
The Cyprus Department of Environment has approved the construction and operation of a four-star hotel in the Engomi area of Nicosia,...
Nov 20, 2019


Cypriot government generates € 1 billion surplus in 2019
On Thursday 14 November, the Statistical Service of Cyprus reported that the General Government accounts have generated a surplus of €...
Nov 18, 2019


Cyprus signs deal for offshore gas concession
On Thursday 7th, Cyprus signed a 25-year concession with a three-member consortium for the exploitation of the gas reservoir south-east...
Nov 11, 2019


Cyprus tourism forecasts €188 million loss from Thomas Cook collapse
Before its collapse on 23 September 2019, Thomas Cook was on course to bring 250,000 tourists to Cyprus in 2019. Of these, ...
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...
Sep 24, 2019


Victory for New Democracy centre-right party in Greek elections
Kyriakos Mitsotakis is Greece’s new Prime Minister following New Democracy’s outright majority with 158 seats in the 300-seat Parliament....
Jul 9, 2019


Airbnb Global Bookings reach $ 100 billion in 2018
Airbnb, the online accommodation platform, announced that the total value of reservations in 2018 reached $ 100 billion in 30 countries....
Jul 8, 2019


EU-funded “Keys to Japan” competition offers Cypriot companies professional market entry plan
Cypriot SME companies that seek to market a product or service in Japan can now do so through the European Commission-funded initiative...
Jul 4, 2019


Nuvei buys Cyprus fintech firm SafeCharge
The Canadian payments services provider Nuvei has announced its merger with Cyprus-based SafeCharge International Group Ltd. The total...
Jun 20, 2019


InterContinental Hotels to open boutique hotel in Larnaca
InterContinental Hotels Group plans to open a boutique hotel in the Agios Lazaros area of Larnaca by the end of 2019. Following agreement...
Jun 18, 2019


NGI Explorers sends Europe’s best Internet talent to the USA
The NGI Explorers Programme is part of the European Commission’s Next Generation Internet initiative. Under this Programme, European...
Jun 18, 2019


Hellenic Chamber of Hotels launches first Greek accelerator for Tourism and Hospitality Innovation
The Hellenic Chamber of Hotels (HCH) launched CapsuleT, the first Greek accelerator exclusive to the tourism and hospitality sectors of...
Jun 18, 2019


Chinese investors to build three towers at former LOEL factory in Limassol
Chinese investors are planning to construct three 35-storey residential towers in the Karnagio area in Limassol. The mixed-use...
Jun 14, 2019


Limassol Casino awards development contract to J&P Avax – Terna for $600 million resort investment
On April 2nd, the City of Dreams Casino Resort announced the award of the construction contract for the Limassol Casino to the J&P Avax –...
Jun 14, 2019


RISE to offer five PhD Fellowships in Cyprus
RISE (Research Centre on Interactive Media, Smart System and Emerging Technologies), is a research centre in Cyprus aiming to empower...
Jun 12, 2019


Rise in Cyprus property sales ahead of changes in Investor Citizenship Programme
New, stricter, passport criteria have been in effect for Cyprus’ Citizenship by Investment scheme since 15 May 2019. As a result, the...
Jun 10, 2019


Cypriot government makes agreement with Noble over ‘Aphrodite’ gas
The Cypriot government is expected to make a net revenue of €7.9 billion from its agreement with Noble Energy and its partners for the...
Jun 6, 2019


Amavi becomes Kanika’s first couples-only hotel in Cyprus
Amavi, open since March 23rd, is a 5-star couples-only hotel in Paphos, Cyprus. Part of the Kanika Group (the Alexander the Great in...
May 31, 2019
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