Cyprus is becoming a soughtafter hotspot for investment funds, with Assets Under Management hitting €9.1 billion and 328 Management Companies showcasing the country’s stable growth. Key sectors like energy and fintech are driving this surge, cementing Cyprus’s position as a mature and sustainable investment playground.
The Cyprus construction sector experienced remarkable growth in 2022, with an 8.9% increase in added value reaching €1.44 billion and a total production value surge of 10.3% to €5.56 billion. Residential construction led the charge with a 21.3% rise, while employment in the sector also saw a 3.0% increase, pointing towards a flourishing industry poised for continued growth.
Greek PM Mitsotakis’ meeting with UN SecretaryGeneral Guterres will focus on reigniting negotiations for a sustainable resolution to the Cyprus problem, aligning with UN resolutions. The urgency of the talks is emphasized, with hopes for a potential turning point in Cyprus’ future after five decades of division.
Okypy hourly staff are set to strike on July 23 due to unmet demands and perceived mistreatment, seeking implementation of agreed terms for better welfare and quality health services. Unions Sek and Peo have called for the strike after unsuccessful dialogues with authorities, potentially impacting health services in the state.
Cyprus tourism faces economic struggles as revenue fails to keep up with inflation despite a rise in visitor numbers. Issues like shortened stays, high costs, and market dependence hinder sustainability efforts, highlighting the need for a robust winter tourism strategy and diversified approach.
The Sibil • la Ensemble’s performance at the Bank of Cyprus Cultural Foundation is a captivating journey through Cyprus’s musical history, featuring ancient, medieval, and traditional tunes. As part of the Faneromeni ’24 Art Festival, this concert showcases the island’s dedication to preserving its rich cultural heritage through the enchanting melodies of the past.
Stefania Yakovleva’s journey from battling asthma in Cyprus to qualifying for the 2023 Youth Olympic Games in Toronto is a testament to her grit and grace as a figure skating prodigy. Overcoming challenges of injuries, lack of facilities, and balancing athletics with education, Stefania’s resilience shines through in her pursuit of excellence on and off the ice.
Limassol villages are using advanced AIequipped cameras in their Monitoring Centre, called FireWatch, to detect wildfires in real time and notify local fire services swiftly. This innovative strategy showcases communityled action and the use of technology to protect against natural disasters.
Wizz Air has achieved a significant milestone by transporting 8 million passengers from Larnaca Airport, showcasing their growth and Cyprus’s popularity as a travel destination. The airline’s success reflects a commitment to affordable fares and quality service, with future plans to expand their route offerings from Cyprus.
Ayia Napa’s mayor, Christos Zannettou, faces charges of forgery, obtaining money by false pretenses, and money laundering related to the misuse of €765,000 in EU funds for a hotel renovation project. Despite these serious allegations, Zannettou has pleaded not guilty and remains in office, with the legal proceedings set to unfold in the coming months.
