The Cypriot banking sector is in the best position it has been in a decade, experts said during a session on the sector’s response in an environment of elevated interest rates, at the Economist’s 19th Annual Cyprus Summit.

The European Investment Bank (EIB) is in the process of formulating a decision on the EuroAsia Interconnector, its president Werner Hoyer said on Monday.

New loans in Cyprus reached €578 million in September 2023, indicating a €52.3 million increase compared to the previous month when they stood at €525.7 million, according to a report released this week by the Central Bank of Cyprus (CBC).

The Retail Trade Turnover Index in Cyprus increased by 8.6 per cent compared to the same month the previous year, according to a report released this week by the Cyprus Statistical Service (Cystat).

Nicosia will receive support for its green and digital transition through its inclusion in a European Commission initiative, the municipality announced on Thursday.

A recent survey conducted on behalf of the Association of British Travel Agents (ABTA) has shed light on new travel trends among British tourists, with Cyprus making it to the top ten preferred destinations.

Cyprus has been selected to host the International Conference and General Assembly of the Women’s International Shipping and Trading Association (WISTA International) in 2024, with the event set to take place in Limassol.

HELLENiQ ENERGY, formerly known as Hellenic Petroleum,  on Tuesday announced the acquisition of six solar parks in Cyprus with a total capacity of 26 MW.

Platon E. Lanitis, Chairman of the Lanitis Group, and Marios E. Lanitis, Executive Vice Chairman of the Lanitis Group were presented from the President of the Republic of Cyprus Mr. Nicos Christodoulides, with the ‘Honourary award recognising work and contribution to entrepreneurship’ at the 10th KEBE Business Leader Awards.

The government is working towards making Cyprus energy independent, Energy Minister George Papanastasiou said on Tuesday.