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Cyprus to tighten oversight of foreign direct investments

Cyprus to tighten oversight of foreign direct investments

Cyprus is set to approve the creation of a national mechanism for the control of foreign direct investments (FDI). This aims to enhance the country’s protective framework while aligning with European standards on transparency and critical...

President of the Turkish Republic of Northern Cyprus thanks Azerbaijani President for invitation to Khankendi

President of the Turkish Republic of Northern Cyprus thanks Azerbaijani President for invitation to Khankendi

Ankara, July 2, AZERTAC Ersin Tatar, President of the Turkish Republic of Northern Cyprus (TRNC), expressed his gratitude to Azerbaijani President Ilham Aliyev for the invitation to the 17th Summit of the Economic Cooperation Organization (ECO) to...

Cypriots embrace random video chat: Global connections, new opportunities, and local cautions

Cypriots embrace random video chat: Global connections, new opportunities, and local cautions

In an era where digital connection knows no boundaries, Cypriots, young and old, are joining a global wave: random video chat. Once seen as a fleeting internet fad, platforms like StrangerCam, Meetgle, and Chatroulette have matured into powerful...

Cyprus hotels face staff shortages despite tourism boom

Cyprus hotels face staff shortages despite tourism boom

Plan to rehire over-55s aims to strengthen hotel staffing Cyprus’ hotel industry continues to face labour shortages despite a record year for tourism in 2024, with hoteliers urging targeted reforms to address staffing gaps and housing constraints....

Legal Notices for the Week of July 2 – July 8, 2025

ARTICLES OF AMENDMENT TO ARTICLES OF ORGANIZATION LIMITED LIABILITY COMPANY ENTITY NAME: CLASSIC ROUTE BEER FLOATS LLC. ENTITY ID: 23828026 ENTITY TYPE: Domestic LLC. PERIOD OF DURATION: Perpetual CHARACTER OF BUSINESS: Accommodation and Food...

New round of Cyprus talks to be held in New York in July

New round of Cyprus talks to be held in New York in July

A new round of talks with the aim of achieving a lasting solution for the Cyprus question will take place later this month in the U.S. in a 5-plus-1 informal format, Turkish Republic of Northern Cyprus (TRNC) President Ersin Tatar said Tuesday....

Former President Sargsyan faces new bribery charges

Former President Sargsyan faces new bribery charges

July 2, 2025 - 13:31 AMT PanARMENIAN.Net - A new criminal case involving Armenia’s third President Serzh Sargsyan, investigated by the Anti-Corruption Committee, has been forwarded to court with a formal indictment. The investigation revealed that...

Remote work coming to Cyprus' public sector, but not for everyone

Remote work coming to Cyprus' public sector, but not for everyone

By Hector Georgiou A long-anticipated shift toward remote work in Cyprus’ public sector is one step closer to reality. The Cabinet last Wednesday approved a draft bill that lays out the framework for teleworking in government departments, a move...

New insurance giant to form as Cyprus firms begin merger

New insurance giant to form as Cyprus firms begin merger

CNP insurance firms rebrand as ERB Cyprialife and ERB Asfalistiki Cypriot insurance providers CNP Cyprialife and CNP Asfalistiki have officially been renamed ERB Cyprialife and ERB Asfalistiki, according to an official statement released on...

Oscar winner to perform in Cyprus: get a discount on tickets

Oscar winner to perform in Cyprus: get a discount on tickets

Telling stories through music has put composer Rachel Portman at the top of her game. Next month she brings her celebrated music to Cyprus for the first time She was the first woman to win an Academy Award and Emmy for film composition, the artist...

Cyprus urges re-evaluation of Great Sea Interconnector amid geopolitical tensions

Cyprus urges re-evaluation of Great Sea Interconnector amid geopolitical tensions

ENERGY [File photo] Cypriot sources told Kathimerini that the Great Sea Interconnector project should be re-evaluated in light of the current geopolitical situation, criticizing the Greek Foreign Ministry for continuing to fund a project with no...

Cabinet to approve changes to audit, legal services

Cabinet to approve changes to audit, legal services

Three institutional reforms concerning the modernisation of the audit and legal services are set to be approved by the Council of Ministers on Wednesday, President Nikos Christodoulides said on his way into the meeting. “For the first time in 65...

Bank of Cyprus wins double honours for green bond

Bank of Cyprus wins double honours for green bond

The Bank of Cyprus has received two major distinctions at the 2024 EMEA Finance Achievement Awards, recognising its €300 million green bond issued in April 2024. According to an announcement by the bank on Wednesday, the awards were for Best Green...

Parklane once more to host high-level ‘Maritime Cyprus’ conference in October

Parklane once more to host high-level ‘Maritime Cyprus’ conference in October

The iconic “Maritime Cyprus 2025” conference will return to the world-class facilities of Parklane, a Luxury Collection Resort & Spa, from October 6th to 8th, 2025. Bringing together global leaders, key policymakers, and industry innovators,...

Cyprus Business Now: tourism, banks, maritime, real estate, technology

Cyprus Business Now: tourism, banks, maritime, real estate, technology

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 per cent increase...

Strovolos blasts ‘blatant exclusion’ from €1 billion Nicosia projects

Strovolos blasts ‘blatant exclusion’ from €1 billion Nicosia projects

Strovolos municipality has accused the government of neglecting the area in its announcement of over €1 billion worth of development projects for the Nicosia district, saying its residents were being treated as “second-class citizens”. “Not a...

Geopolitical risk tops real estate concerns in Cyprus

Geopolitical risk tops real estate concerns in Cyprus

Banks have overtaken the government as the most influential force in Cyprus’ real estate sector, according to EY Cyprus’ latest annual survey. As mentioned in Philenews, the market continues to be driven by foreign investors from Israel, the UK,...

Turkish Cyprus to join expanded talks in New York, Tatar confirms

Turkish Cyprus to join expanded talks in New York, Tatar confirms

NICOSIA The Turkish Republic of Northern Cyprus will attend the informal expanded 5+1 talks on Cyprus, scheduled for July 16-17 in New York, President Ersin Tatar said Tuesday. “We confirmed that we will be ready for the expanded 5+1 meeting in...

Lavrov’s statement is a classic example of political immorality: Babajanyan

Lavrov’s statement is a classic example of political immorality: Babajanyan

The chairman of the “For the Republic” party, Arman Babajanyan, wrote on his Facebook page: “The statement of the Russian Foreign Minister, allegedly in defense of the Armenian Apostolic Church, is a classic example of political immorality. This...

Nicosia to get €1 bln in funds for overhaul

Nicosia to get €1 bln in funds for overhaul

More than 80 projects with a total cost exceeding 1 billion euros, extending from the urban fabric of Nicosia to the suburban communities of the city, were announced by President Nikos Christodoulides in an event on Monday, at the Nicosia...

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