In Cyprus, family forms the cornerstone of society, with strong familial ties providing a crucial support system in a culture marked by historical challenges. Trust in nonrelatives and public institutions remains low, pushing Cypriots towards reliance on family networks for legal, medical, and financial support, celebrated through frequent gatherings and traditions.
Cyprus has thrived in its 20 years in the EU, with improved governance, citizen rights, and economic prosperity. Despite facing challenges, the nation’s journey showcases progress and development since joining the European Union.
Chestertons Global has expanded into the Cyprus property market, setting up Chestertons Cyprus Residential in Paphos. Leveraging Cyprus’s appeal to international investors, the agency aims to provide topnotch services in residential sales and lettings, tapping into the island’s potential as a hub for real estate opportunities.
In a heartwarming display of solidarity, the Cyprus Union of Shipowners (CUS) donated €300,000 worth of food supplies to Gaza as part of the Amalthea initiative. The supplies were prepared at the Port of Larnaca and are set to be dispatched to those in need, showcasing the CUS’s commitment to providing essential aid.
Cyprus’s bonds stand strong in the Eurosystem, holding steady at €6.76 billion despite the ECB’s deleveraging efforts. Representing 29% of Cyprus’s government debt, these bonds play a crucial role in the ECB’s asset purchase programs, reflecting a mediumterm investment horizon.
Capital.com, a Cyprusbased fintech company, achieved a remarkable trading milestone in 2023 with client trading volumes hitting $1.2 trillion, marking a significant 53 percent increase from the previous year. This success underscores the company’s growth strategy and innovative technology, positioning it as a leader in the global trading platform landscape.
Cyprus kicked off the Eurovision semifinals with a bang, as 17yearold Silia Kapsis took the stage with her energetic performance of ‘Liar’ in Malmo, Sweden. The event, part of the 68th Eurovision Song Contest, promises a dazzling showcase of musical talents and cultural celebration for viewers worldwide.
Cyprus will celebrate its 20th anniversary of joining the European Union with a special parliamentary session and festivities, marking a significant milestone in its history and EU journey. The event will feature highlevel guests, including EU Commissioner Stella Kyriakidou, highlighting the island nation’s commitment to EU ideals since 2004.
Leonardo Hotels introduces The Grand Resort Limassol, a lavish fivestar destination in Cyprus with 255 rooms, exquisite dining options, expansive pools, spa facilities, and entertainment offerings. Situated by the Mediterranean Sea, the resort boasts a modern design and familyfriendly amenities, promising an unforgettable stay for all guests.
Cyprus hoteliers are bracing for a tough summer ahead, expecting lower occupancy rates due to geopolitical tensions and economic challenges in key markets like the UK and Israel. Efforts to diversify tourist sources and streamline workforce processes are underway to combat these obstacles amidst regional instability and a global labor shortage.
