The International Investment Conference 2024 in Cyprus aimed to strengthen business ties between Cyprus and Great Britain, focusing on promoting the growth of Cyprus’s maritime sector amidst global economic and geopolitical challenges. Industry leaders came together to exchange ideas and strategize on enhancing the competitiveness and appeal of the maritime industry despite current hurdles.
Nurses in Cyprus are facing disrespect and economic constraints, hindering healthcare advancement. To address these issues, there is a call for public perception shift, investment in nursing science, support mechanisms for nurses, recruitment strategies, and maintenance of EU training standards to ensure patient safety and nurses’ rights.
Deputy Minister Kostas Koumis’ visit to the UAE is all about building strong ties in tourism and investment. Attending key events like the Arabian Travel Market and AIM Congress, he’s making strides to connect with global leaders and explore new opportunities for Cyprus.
Cyprus Business Now is a strategic forum aimed at attracting investment and fostering growth in the region. President Nikos Christodoulides is in London engaging with financial institutions to showcase Cyprus as an ideal destination for business, amidst restructuring efforts and real estate development projects.
Pareto Limited’s investment in Nicosia malls, the Mall of Cyprus, and the Mall of Engomi, showcases confidence in Cyprus’s retail sector and a vision for global expansion. By swapping debt for direct stakes, Pareto aims to utilize its property expertise to drive growth and introduce innovative retail experiences to Europe, reflecting its success in South Africa.
Cyprus is investing €500 million in cleaner fuels and renewable energy to achieve sustainable economic growth by 2030. With initiatives like “Vision 2035” and support from the European Investment Bank, Cyprus aims to become a resilient leader in global sustainability, focusing on renewable energy research and a hightech economy.
Alpha Bank Cyprus has launched a new deposit product with an annual fixed rate of 2.50% for highvalue savings over €70,000, setting a competitive benchmark in the market. Customers can also opt for 18month and 24month deposits with rates of 1.60% and 1.50% for amounts exceeding €50,000, respectively, reflecting the bank’s commitment to offering diverse investment options.
Andreas Charalambous and Omiros Pissarides delve into the intricate challenges facing the EU’s economic reform, from slow growth to labor market rigidity and energy dependence on nonEU sources. Cyprus’s economic landscape reveals stability in the short term but longterm concerns, emphasizing the need for urgent reforms and increased investments to align with EU directives.
Altamira Real Estate is offering over 300 plots of land in Cyprus at remarkable prices, starting from €2 per square meter. This limitedtime sale presents a unique opportunity for real estate enthusiasts to invest in prime locations with high potential for appreciation.
Energy Minister George Papanastasiou’s visit to Israel aims to discuss the planned electrical interconnector connecting Cyprus, Israel, and Greece, enhancing energy security and exploring hydrocarbon resources in the Eastern Mediterranean. With Cyprus authorizing a €100 million investment and EU financial support, the project is set to strengthen energy cooperation in the region and promote sustainable exploitation of resources.
