National Guard put through paces in ‘IRIS 2023’

The National Guard deployed all its personnel and active force in the Interdisciplinary Tactical Exercise ‘IRIS – 2023’ from 17-24 October, the Defence Ministry said. National Guard commander Lieutenant General Georgios Tsitsikostas

Cyprus Airways expects record 2023 traffic

Larnaca-based Cyprus Airways said its passenger traffic results for September spiked 30% to 48,560 from 37,4267 in the same month last year, keeping it on track for record figures. In September, the

Tourist arrivals up 32% in 2023

Annual Cyprus tourist arrivals have recorded a 32% increase this year, said Tourism Minister Costas Koumis. He said that a good level of tourist arrivals is expected until November. In September, the


UCY: 2023 GDP growth, inflation at 3%

GDP growth and inflation will drop to 3% in 2023, according to forecasts of the University of Cyprus’ Economic Research Centre. The ERC noted the projection for 2023 remains unchanged compared to


Cyprus airports optimistic over 2023

Cyprus airports operator Hermes is optimistic about tourism prospects for 2023, confident the island can improve from the previous year. In an interview with news site Stockwatch, Hermes Airports senior manager Maria


House prices unlikely to drop this year

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing. One year later, the disruptions


Hoteliers nervous about 2023

Tourism stakeholders hope to build on the tourist revival in 2022, although the ongoing COVID pandemic and instability created by the Ukraine war have them on edge for the new season. Hoteliers


Cyprus Equity Fund in early 2023

A nascent, but promising innovation ecosystem, will get another boost as authorities gear up to launch the Cyprus Equity Fund, said the Finance Ministry. In an update to the House Finance Committee,

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