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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’ real estate developers gathered in Limassol for their annual official dinner, at a time when one of the island’s most influential business sectors is being asked to do more than keep investment flowing.
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.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Celestyal Cruises, the cruising division of Cyprus-listed Louis Plc, is returning to its home base towards the end of 2019 offering five week-long cruises out of Limassol, calling on Piraeus, Rhodes, Alexandria, Ashdod and Kusadasi.
RCB Bank announced recently it has expanded its list of payment solutions offered to customers to include card clearing operations, as it takes on board some of the island’s biggest commercial businesses such as IKEA.
Debenhams Olympia, one of Limassol’s shopping landmarks is to be knocked down to make way for a 45-storey luxury apartment block on the town’s seafront.
The vast majority of Cypriots (85%) are satisfied with their life — close to the EU 28 average of 83%, with the Irish the most satisfied with 97% and the Greeks the least with only 49%, according to later Eurobarometer.
Prices of Construction Materials in January 2019 recorded an increase of 1.61% compared to January 2018, according to data released recently by the Statistical Service of Cyprus.
In 2017, 3.5% of the population of Cyprus (13,400 people) were working in a cultural sector or occupation, a Eurostat report found.
The Radisson Hotel Group will expand its operations in Cyprus from three to six hotels by 2025 after signing a new master development agreement with SunnySeeker Hotels.
Tourist arrivals were up in January 2019, mainly due to a significant increase in arrivals from the UK.
Rents are spiraling in all towns, particularly in Limassol, while Larnaca has the lowest rents according to a survey published by the press recently.
Cyprus employers have identified deficiencies in the basic digital skills of their workforce which is holding back progress, according to PwC’s '2018 Global Digital IQ Survey', on the worldwide effort in the business sector to catch up with the digital era.
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