Cyprus is experiencing growth in key sectors like tourism, finance, technology, and energy. Nissi Beach was named Europe’s best beach, while the energy sector prepares for more consumer choice in electricity suppliers.
The Cyprus Equity Fund Initiative, backed by €37.5 million, is ready to bolster small and mediumsized enterprises with investments starting this autumn, spearheading economic growth and innovation. Meanwhile, the tourism sector in Cyprus remains resilient, with a rise in arrivals and revenue, showcasing the enduring allure of the island despite recent challenges.
The Paphos Tourism Board’s new app uses augmented reality to bring the myth of Aphrodite to life at seven key locations, offering immersive audiovisual storytelling and historical insights for tourists. Available in multiple languages, the app provides a modern twist on ancient tales, blending rich history with cuttingedge technology to enhance the visitor experience in Cyprus.
More.com steps into the spotlight as the major sponsor for FIBA EuroBasket 2025 in Cyprus, promising a cuttingedge fan experience with exclusive eticketing and VIP hospitality for all 15 Group C games. With a history of managing millions of tickets and a commitment to sports innovation, more.com is set to revolutionize the way fans engage with this prestigious basketball tournament.
The ‘Panic Button’ initiative, known as ‘Elpis,’ aims to aid domestic abuse victims by allowing them to discreetly alert law enforcement. Backed by governmental and private partnerships, the project will be piloted in three months, with a broad release planned for February 2025.
Smart Nicosia is revolutionizing the city into a smart, sustainable hub with innovative technology like public bikesharing, smart waste management, and parking apps. Part of the EUfunded “Thaleia 20212027” program, Nicosia is embracing digital excellence to enhance the lives of its residents and visitors, making it a model for smart city initiatives.
Eurobank has proposed to acquire full ownership of Hellenic Bank, aiming to buy out all shares and potentially delist the bank from the Cyprus Stock Exchange. This strategic move could reshape the banking sector, solidifying Eurobank’s market position.
The debate over mobile phones in schools is ongoing, with primary schools often banning them while high schools have varying policies. Research shows that excessive mobile use can lead to stress and distractions, but technology can enhance learning when used effectively. Balancing educational benefits with potential drawbacks is crucial in forming school policies that support student wellbeing.
Cypriot SMEs made a splash at Eurosatory 2024, flaunting their innovative defense solutions to a global audience in Paris. This event solidified Cyprus’s reputation as a techsavvy player in the defense industry, paving the way for international collaborations and bolstering the nation’s influence on the world stage.
The civil registry in Nicosia has undergone a digital transformation with the introduction of ten new online services, including reissuing birth and death certificates, renewing IDs, and obtaining residency certificates. These upgrades aim to simplify processes, improve efficiency, and enhance citizenstate interactions.
