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Hourly labor costs in Cyprus saw a significant increase in the first quarter of 2024 compared to the previous year.
The hourly labor cost (total cost) in Cyprus recorded an increase of 4.9% in the first quarter of 2024 compared to the corresponding quarter of the previous year, according to data released on Monday by the Statistical Service of Cyprus.
For the third consecutive year, Exness is empowering brilliant university students from Cyprus to pursue their master's degrees in cutting-edge fields.
Exness, a leading Cyprus-based fintech company, has announced that applications for their Exness Fintech Scholarship program are open. Now offered in its third consecutive year, this scholarship program reinforces the company’s commitment to nurturing the next generation of financial technology in...
The European Conference on Information Systems is bringing together minds in Paphos to discuss the future of digital innovation and collaboration. A wonderful step forward for academia and research in Cyprus!
The 32nd European Conference on Information Systems (ECIS) with the theme "People First: Building the Digital Future Together" is being held for the first time in Cyprus, specifically in Paphos, from June 13 to 19, 2024. According to an announcement from the Cyprus University of Technology (CUT), th...
Bill Gates is investing billions in 's next-generation nuclear power plant in Wyoming, aiming to meet US electricity needs by 2030 and reduce reliance on coal and Russian fuel
Bill Gates is set to invest billions of dollars into an innovative nuclear power plant project in Wyoming, addressing the increasing electricity needs in the United States.
New report highlights major cities as financially inaccessible post-COVID
In the post-COVID era, the housing market has become a significant challenge for economies and citizens, with a new report summarizing the sentiment of many aspiring homebuyers by ranking major cities as "unaffordably out of reach."
Cyprus plans to issue a 10-year bond to leverage positive market conditions and recent credit rating upgrades, aiming to raise €1.3 billion to meet the government's financing needs
The Ministry of Finance is considering entering the markets soon to capitalize on the positive momentum in the Cypriot economy following successive credit rating upgrades, according to sources cited by the Cyprus News Agency.
Makis Keravnos will attend key EU meetings in Luxembourg on June 20-21, 2024, focusing on Cohesion Policy, economic coordination, and establishing a local EIB office in Cyprus
Finance Minister Makis Keravnos will travel to Luxembourg on Monday (June 17) to participate in the General Affairs Council on Cohesion Policy, Eurogroup, and Ecofin meetings on June 20-21, 2024, as well as the annual meetings of the ESM and EIB Boards of Governors.
Bentley shines at Robb Report’s 2024 'Best of the Best' awards, with two notable recognitions, as it continues to set the standard in luxury and performance.
Bentley is proud to announce two significant awards from Robb Report ‘Best of the Best’ awards in 2024. This year, the Bentley Flying Spur Speed was named Robb Report's pick for best Sedan, appearing in the Automotive category, for its combination of standout athleticism and impeccable finish. I...
In the latest episode of Breaking the 20%, Elena Georgiou Strouthos and Michalis Strouthos discuss the epic saga of and , and how and revolutionized the world of personal computing.
In this episode of "Breaking the 20%," host Elena and guest Michalis Strouthos delve into the personal computing revolution, focusing on the dynamic histories of Microsoft and Apple, and their iconic founders, Bill Gates and Steve Jobs. They explore the key events and strategies that defined the ris...
Adjustments aim to meet FIBA standards within tight deadlines, increasing stadium capacity and ensuring timely project completion
The Department of Public Works of the Ministry of Transport has reissued the tender for upgrading the "Spyros Kyprianou" Indoor Sports Center in Limassol in preparation for hosting a group stage of EUROBASKET 2025.
Cyprus plans to invest €3.1 billion by 2030 in green transition initiatives, utilizing EU and national funds to promote sustainability, energy security, and economic growth
The total investments in Cyprus's green transition are estimated to reach €3.1 billion by 2030, according to the Ministry of Finance. These investments will come from European and state funds as well as private capital.
As summer nears, Cypriots favor Greek islands, with rising interest in Spain, Portugal, India, and Sri Lanka
As summer holidays approach, Cypriots are already planning their getaways, with the Greek islands once again topping their preferences. The most popular destinations this year include Skiathos, Lefkada, Rhodes, Santorini, Crete, and Kos.
The Electricity Authority of Cyprus (EAC) is rolling out €92 million in infrastructure projects under the EU-co-financed 'THALIA 2021-2027' program, for upgrading substations and enhancing Cyprus's fiber optic network towards a sustainable future.
The projects are being carried out under the Cohesion Policy Programme "THALIA 2021-2027" with EU co-financing. Co-financed projects, with a total cost of €92 million, are underway by the Electricity Authority of Cyprus (EAC), as reported by the Cyprus News Agency (CNA).
Σύνδεσμος Κυπρίων Αρχαιολόγων - Association of Cypriot Archaeologists and ICOMOS Cyprus invite you on an archaeological tour to discover the talking monuments on Cyprus in Old Nicosia and hear the stories behind the historic sites.
The Association of Cypriot Archaeologists (ACA) and ICOMOS Cyprus, on the occasion of the European Archaeology Days, invite you to an archaeological tour within the walled city of Nicosia, where the monuments and archaeological sites of our city introduce themselves and narrate their history.
Certain neurons not only replay recent past experiences but also predict future events during sleep
The nature and significance of dreams have intrigued humanity since the dawn of civilization. Despite rapid advancements in neuroscience and psychoanalysis shedding light on many aspects of sleep and dream mechanisms, the realm of dreams remains shrouded in mystery, open to numerous interpretations.
The Cyprus Shipping Chamber's Ship Adoption Program saw 102 ship adoptions by elementary school classes for the 2023-2024 academic year, marking over 1,000 adoptions since 2006
A total of 102 ship adoptions by elementary school classes from across Cyprus were made under the Ship Adoption Program for the 2023-2024 academic year. The program concluded yesterday with a ceremony in Limassol.
Cyprus airports reported an 85% aircraft occupancy rate in May, with around 41,000 daily passengers
The aircraft occupancy rate for flights arriving in Cyprus in May reached around 85%, with an increase in traffic during this period, stated Maria Kouroupi, Director of Aviation Development and Communications at Hermes Airports, in an interview with Cyprus News Agency. She added that approximately 4...
Cyprus' Ministry of Energy, Commerce, and Industry will open applications for a €20 million new business support plan on June 18, as part of the "TH.A.L.E.I.A" 2021-2027 Program
The Ministry of Energy, Commerce, and Industry announced that applications for the second call of the new business support plan, totaling €20 million, will open next Tuesday.
Dr. Tedros Adhanom Ghebreyesus, Director-General, will receive an honorary doctorate and deliver the keynote address at the University of Nicosia Medical School's graduation ceremony
The University of Nicosia Medical School announced that Dr. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization (WHO), will be awarded an honorary doctorate during the Medical School's graduation ceremony on June 27.
President Christodoulides highlighted Cyprus' commitment to innovation and research at The Cyprus Institute 's graduation ceremony, emphasizing the role of government support, private sector investment, and education in fostering a vibrant innovation ecosystem
President Nikos Christodoulides reiterated on Thursday evening the Government's dedication to creating an attractive environment for innovation, demonstrated through initiatives supported by the Cyprus Research and Innovation Foundation. He indicated that the Cyprus Institute can be a driving force....
Cyprus had the fifth-highest share in the EU, following Romania, Italy, Greece, and Bulgaria
In 2023, 13.8% of young people aged 15 to 29 in Cyprus (compared to an EU average of 11.2%) were neither in education or training nor in employment, according to data released by Eurostat.
Preparing for a move to Cyprus? Learn everything you need to know with this comprehensive guide for expatriates.
The concept of relocating to Cyprus may initially appear daunting. However, with proper research and preparation, you can embrace the Mediterranean lifestyle and make Cyprus your new home.
Transform your home into a green oasis with these 9 essential houseplants. Whether you're looking for pet-friendly options, stunning decor pieces, or oxygen-boosting bedroom companions, we've got you covered!
Bringing plants into your home is a fantastic way to improve indoor air quality, add a touch of nature, and create a serene environment. Selecting the right plants can be a bit tricky, especially if you have pets or specific aesthetic and functional goals. Here, we present nine essential houseplants...
Anthi Pashi, BD Director / Intelligence & Expansion, Partners Connected Communications, explores how meaningful connections and strategic communication have become the true currency of modern business.
If you consult textbooks or even conduct a Google search on this question, you'll likely find an answer that predominantly centers around the practical aspect of business: accounting. Accounting is often referred to as the universal language of business because it offers a common framework for commu...
Dr. Christodoulos Patsalides, Governor of the Central Bank of Cyprus, warns against windfall tax on banks, urges banks to show social sensitivity and stresses the need for predictable tax reforms.
The new Governor of the Central Bank of Cyprus, Dr. Christodoulos Patsalides, called on banks yesterday to demonstrate high social sensitivity by considering the risk to their reputation.
Every year, millions of tons of plastic enter our seas, with the Mediterranean heavily affected. In Cyprus alone, thousands of microplastics per square meter pollute our waters, impacting marine life and our health. It's time for action.
Millions of tons of plastic inflow into seas and oceans every year, with the Mediterranean heavily burdened by plastic pollution. It is estimated that 730 tons of plastic per day end up in the Mediterranean Sea, directly affecting Cyprus by contaminating fish and marine animals, which in turn has ne...
HRDA has invested over €100M invested in training programs, empowering 275,000 participants through 30,500 programs in the past five years, while it celebrates 45 years of boosting skills and knowledge in Cyprus.
In the past five years alone, 275,000 individuals participated in 30,500 training programs by the Human Resource Development Authority (HRDA), with a total expenditure of €102.3 million for training activities, stated Dimitris Kittenis, Chairman of the HRDA Board of Directors, during a press confe...
The Department is ramping up efforts to ensure that properties benefiting from the 5% rate for primary residences are being used as intended. With summer holidays and an influx of tourists on the horizon, officials will conduct home inspections to identify illegal on platforms like Airbnb.
In the coming days, officials from the Tax Department will conduct raids on homes and apartments. They suspect that some property owners have improperly taken advantage of the 5% VAT rate for primary residences but are now renting out these properties illegally through platforms like Airbnb and Book...
Wizz Air is increasing its flight frequency from Larnaca, Cluj, and Varna, offering more travel options for summer. With 93k extra seats from Cyprus, travellers can enjoy affordable, flexible, and convenient travel to top destinations.
Cyprus, 10th June 2024: Wizz Air, Europe’s fastest growing and most environmentally sustainable airline globally1, is excited to announce the increase the number of flights from Larnaca, Cluj, and Varna, offering travellers more options than ever before to explore top destinations across its netwo...
PwC's Global CSRD Survey reveals key insights on corporate readiness, with nearly two-thirds (63%) of companies being confident about meeting the EU’s Corporate Sustainability Reporting Directive (CSRD) requirements.
● Almost two-thirds of companies (63%) surveyed are very or extremely confident that they will be ready to report under the EU’s Corporate Sustainability Reporting Directive (CSRD) ● However, with the first wave of companies due to report in six months, executives cite data availability and qu...
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Just had exciting chat with Skroutz’s CFO Kostas Kontogiannis at Reflect Festival! In this exclusive interview, we discuss their big move into the Cyprus market and their future plans for the platform. #ReflectFestival #Skroutz #CyprusBusiness
Just had exciting chat with Skroutz’s CFO Kostas Kontogiannis at Reflect Festival! In this exclusive interview, we discuss their big move into the Cyprus market and their future plans for the platform. #ReflectFestival #Skroutz #CyprusBusiness
Just had exciting chat with Skroutz’s CFO Kostas Kontogiannis at Reflect Festival! In this exclusive interview, we discuss their big move into the Cyprus market and their future plans for the platform. #ReflectFestival #Skroutz #CyprusBusiness
We're thrilled to share that our team had the privilege of attending the remarkable "Defender Luxury Off-Road Experience" hosted by the Pilakoutas Group in the scenic Marathasa Valley. It was an event like no other, showcasing the prowess of the iconic Defender in its natural habitat – the great outdoors! Navigating through the breathtaking vineyards of Kalopanayiotis, we experienced the rugged yet luxurious essence of the Defender. The off-road route, meticulously organized to international standards, allowed us to witness the vehicle's impressive capabilities firsthand. We're grateful for the memories and the unique insights gained into this extraordinary vehicle. #DefenderLuxuryExperience #OffRoadAdventure #PilakoutasGroup #LandRoverCyprus https://ffwd.com.cy/breakthrough/defender-luxury-road-experience-pilakoutas-group
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