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Cyprus shipping further strengthened its position as one of the island’s most important economic sectors in 2025, contributing around 7 per cent of GDP, approximately €1.9 billion, according to the Cyprus Shipping Chamber’s (CSC) annual report.
Cyprus Airways and flydubai have announced the launch of a new interline agreement, aimed at strengthening international connectivity and offering passengers seamless access to an expanded network across the Middle East, Asia and Africa.
The European Union saw a modest monthly recovery in construction output during March 2026, according to a report from Eurostat.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
A Swedish TV show will be filmed in various areas of Paphos over the coming months, according to the Paphos regional board of tourism.
Cyprus businesses are preparing for a hard Brexit in light of developments in the UK, with London adamant on leading Britain through the European Union exit door by 31 October with or without a deal.
Cyprus is planning to abolish initial ship registration fees in a bid to boost the registry’s competitiveness and attract more ship registrations, Deputy Minister for Shipping Natasa Pilides said.
Technology that converts urine into electricity and was introduced in Kenya and Uganda, is now used in Durban, South Africa and will soon make its way to Ethiopia.
The first stage of Cyprus’ Gas Company’s (DEFA’s) tendering process for the supply of liquefied natural gas (LNG) has seen considerable interest from the international markets, the body said.
Cyprus’ banks are now confronted with new challenges following yesterday’s decision by the European Central Bank to decrease the interest rate on the deposit facility by 10 basis points to -0.50%.
The first phase of Cyprus Gas Company’s (DEFA) tender process for the supply of liquefied natural gas (LNG) has triggered considerable interest from major international players such as Shell, BP, Eni and Total.
The integration process of Cyprus Cooperative Bank (CCB) and Hellenic Bank will be completed on September 16, a year after the acquisition of the former by the latter, without seriously affecting former CCB clients, the bank said recently.
According to a recent publication by the Cyprus News Agency (CNA), Cyprus is thinking of updating its tonnage tax system and pricing policy for the registration of ships, aiming to activate specific measures in order to reinforce the competitiveness of the shipping industry.
The Cyprus Asset Management Company (Kedipes) generated income of €288.3 million in the first 10 months of operation of the state-owned asset manager, established following the sale of the former Cyprus Cooperative Bank (CCB) to Hellenic Bank.
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