Cyprus has introduced an incentive scheme for airlines to relocate their base to the island, as aircraft carrying a Cypriot flag are now exempted from stamp duties. Following Parliamentary approval, aircraft registered
Despite legislation recently introduced to fast-track permits for large construction projects, state services are ill-prepared to respond, argue developers. Developers and industry stakeholders have welcomed the approval of a bill that facilitates
A shrinking banking sector has worsened unemployment figures, as 460 of 1,000 former bank staff who took early retirement in 2022 have been unable to find work. According to an analysis prepared
Primetel’s new owners, Signal Capital Partners, have reassured the telecoms regulator that after going into administration, the company will continue to serve its 200,000-customer base. The telecom’s management and representatives of Signal
Cyprus Airways said its annual passenger traffic doubled in June to 59,110 travellers from 29,979 last year. Last month the Cypriot flag carrier operated 478 scheduled flights (June ’22: 280 flights) and
Telecommunication company Primetel has announced that Signal Capital Partners, a London-based private equity fund, is set to acquire the Cypriot firm after it was placed under administration. According to a Primetel statement,
Cyprus Airways Friday welcomed its first two Airbus A220s during an official inauguration ceremony at Larnaca headed by President Nikos Christodoulides. Paul Sies, CEO of Cyprus Airways, said: “Today marks a significant
Low-cost airline Ryanair plans to base up to 30 new Boeing 737 MAX aircraft at Ukraine’s three main airports and fly over five million passengers a year when fighting eventually ends. The airline’s statement
Young entrepreneurs have shown keen interest in applying for the Youth Entrepreneurship Awards, organised for the first time in Cyprus by the Stelios Philanthropic Foundation. According to the foundation, 23 young entrepreneurs
Shares in French cable and fibre optic giant Nexans soared 5% Wednesday after announcing a record €1.43 bln contract to build the world’s longest and deepest subsea electricity link between Cyprus and
