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Local Businesses
Find out about recommended local businesses. The pillar of any economy
Say Hello to Emerald Yacht Cruises
Century Travel, the Only Cruise Specialists in Cyprus are delighted to welcome the Emerald Azzurra to Limassol for its inaugural cruise in 2021. The ship is already under construction in Vietnam and is due to set sail on 31st July 2021 from Limassol, Cyprus and she will sail to stunning ports and harbours throughout the Mediterranean and Red Sea including Nice, Venice, Santorini, Dubrovnik and Sharm el-Sheikh. As the newest yacht of its class, the spacious suites on the Read More
Restaurant review: Marbre Grill Fusion, Larnaca
If you are a fan of grill fusion, Marbre Grill Fusion Restaurant is a great new addition to the restaurant scene in Larnaca. Meat lovers, prepare to drool! Located on the ground floor of the Radisson Blu hotel in Larnaca, when walking in to Marbre, you feel the classiness instantly. The modern, wooden tables had shiny cutlery perfectly laid, wine glasses at every seat, not a thing out of place. Black plates at every seat had the cutlery centrally placed Read More
400,000 Travelled With Cyprus Airways In 2019
Despite the challenges in the aviation industry, Cyprus Airways had a successful year in 2019, since 400,000 passengers, from Cyprus and abroad, chose to travel with the Cypriot airline. In 2019, Cyprus Airways operated flights from Larnaca to Greek destinations, such as Athens, Thessaloniki, Heraklion, Skiathos and Rhodes, European cities such as Prague, Zurich, Bratislava and Kosice, as well as the Middle East, Tel Aviv and Beirut. It is important to note that towards the end of the year, the Read More
Stepping In To 2020: Limassol Del Mar Takes Shape
In 2019 Limassol Del Mar, the flagship development in Cyprus saw a year of sales success and achievements. Starting from day one, the luxury apartments were popular with affluent buyers who wanted to invest in the future of Limassol. 80% of its homes now sold across both phases, securing the future investment for the entire construction. This year, the subtle sea waves of the Mediterranean Sea opposite the development can be clearly depicted in the distinctive curved architecture that now Read More
Lanitis Bros Renamed Coca – Cola HBC Cyprus
A new era for Cyprus’ biggest non-alcohol beverage company. From today onwards, the biggest non-alcohol beverage company in Cyprus, Lanitis Bros, which has been delighting consumers for 76 years, will be renamed Coca-Cola HBC Cyprus. The company has been part of the Coca-Cola HBC Group since 2006. Coca-Cola HBC is a leading bottler of The Coca-Cola Company, operating in 28 countries. It offers a diverse range of primarily non-alcoholic ready-to-drink beverages and is committed to promoting sustainable development, in Read More
Happy birthday, Neverland rock bar
That’s right, Neverland on the edge of the old town – one of Nicosia’s most popular rock bars – is turning 10 in a couple of days, and sets out to celebrate its first decade with a rockin’ party. The bar’s birthday is always its biggest annual event, and this year’s may be described as the most important one so far, so mark your calendars for December 21. Neverland, “created with love and care,” started operating around the end of Read More
Restaurant review: Dumo Italian Restaurant, Paphos
If you feel in the mood for an evening of modern Italian cuisine, a visit to Duomo Italian Restaurant in Paphos is a must. Opened in 2002, Duomo has a reputation for excellent food and good service, although it can be sporadic during busy times. But don’t let this deter you from visiting this vibrant venue. Found on a corner of a street leading off the bustling thoroughfare of the Tomb of the Kings road, the busy location provides a Read More
Кипр в рейтинге Doing Business 2020
Кипр занял 54-е место из 190 в рейтинге Doing Business 2020. Эксперты оценили, что открыть свое дело на острове стало не так затратно, а стоимость регистрации компании уменьшилась.В ежегодном исследовании, которое проводит Всемирный банк, также отмечается, что Кипр упростил процесс оплаты налогов, внедрив онлайн систему регистрации и уплаты обязательных взносов.В первую пятерку рейтинга вошли Новая Зеландия, Сингапур, Гонконг, Дания и Южная Корея. На последней позиции разместился Сомали.Рейтинг Doing Business 2020 формируется ежегодно на основе исследований, в которых Read More
Airports operator bags HR awards
Airport operator Hermes Airports received three awards at the first-ever Cyprus HR Awards at a ceremony on Wednesday evening in Nicosia.In total, Hermes won three gold awards across two categories; ‘Effective use of coaching – mentoring’ and ‘Best change management strategy/initiative’, under the learning and development category; and ‘Excellence in workplace wellbeing’, under the wellbeing category. Continue reading at source: Cyprus Read More
Hellenic Bank Agrees with Metlife to Acquire Its Share in Hellenic Alico Life
Hellenic Bank Public Company Limited (the “Bank”) announces that on 29 October 2019 it signed a share-purchase agreement with MetLife Services Cyprus Limited (“MetLife”) for the acquisition of the entire participation interest of MetLife, equal to 27,5%, in the share capital of Hellenic Alico Life Insurance Company Limited (the “Company”). The transaction is subject to regulatory approvals and is expected to be completed in the first quarter of 2020.Upon completion of the transaction, the Bank will own 100% Read More
Bar review: The Barrel House, Larnaca
Some of us enjoy a good beer and some crave a well-crafted cocktail. However, rarely do I come across bars that satisfy both of these preferences to a high quality and in a classy, modern setting. So, what do you do when half the group want a good cocktail and the other half want a cold, refreshing beer? The answer is simpler than you might think.In the centre of Larnaca, The Barrel House bar serves approximately 160 types of Read More
Bar review: AMA Beach Bar, Limassol
By Tracy Roth-RotsasIn a couple of weeks’ time, a friend will celebrate a milestone birthday so we went to look for a place worthy of the event. AMA Beach Bar, newly established on the Ayios Tychonas coastline in Limassol appears to fit the bill perfectly.A short stroll from the ancient Amathus ruins, AMA is comfortably set enough apart from the resort hotels and restaurants to provide an element of privacy. Its welcoming rustic wooden furniture, floors and pergola-style roof Read More
Restaurant review: Taverna Zenon, Larnaca
One thing that can definitely be said about Cyprus is that there is no shortage of places to go and eat. This is useful when guests come from abroad! This time, the request was for a traditional meze. As a result, we ended up going to Taverna Zenon. Despite having been in operation for nine years, I had never previously heard of this restaurant. One reason may be that it is hidden down a narrow side street in a residential Read More
Hellenic Bank announces H1 profits of €59.1 million
Hellenic Bank announced after tax profits of €59.1 million for the first six months of 2019, with Chief Executive Officer Ioannis Matsis stressing that the six-month results partly reflect the benefits of acquiring the co-op.A significantly de risked balance sheet, enhanced and sustained profitability and a strong capital position with a CET1 ratio of 18.5% prove that the enlarged Hellenic Bank has a solid, viable, long term business model, that safeguards our depositors and creates shareholder value, Read More
Twenty scholarships offered by Hellenic Bank
Hellenic Bank presented the ‘JumpStart’ scholarship programme on Wednesday at its headquarters in Nicosia.Through the programme dubbed ‘Believe in yourself. You have the power’, the bank says it aims to give impetus to young people to fulfill their dreams, granting 20 scholarships to 20 students worth €2,000 per year, up to the fourth year of their studies, based on specific social, economic and academic criteria. Continue reading at source: Cyprus Read More
Crowne Plaza Limassol celebrates its 40th anniversary
In September 2019, Churchill Hotel Management, owners and operators of the Crowne Plaza Limassol hotel, hosted a cocktail party to celebrate their 40th anniversary. Over 400 guests and members, local business leaders, associates and stakeholders attended the event which took place in the hotel’s renovated ballroom and sea view gardens.The hotel first opened as the Churchill Limassol is May 1979. After 20 years of successful operation as an independent hotel, the operators entered into a franchise agreement with IHG (InterContinental Hotels Read More
Location Benefit: How Nicosia Mall is winning with convenience
Cyprus’ newest shopping center is counting nine successful months of operation, and it has quickly become the destination of choice for Nicosians, especially those residing in Strovolos, Engomi, Agios Dometios, Lakatamia and the capital’s city centre.According to the data gauged through the quarterly surveys performed by the shopping center, location is consistently the number one reason for which visitors choose to visit Nicosia Mall. High up on the scale of importance, its retail mix and popular supermarket are also Read More
Additional security measures on Bank of Cyprus digital channels
The Bank of Cyprus is harmonising its procedures in full compliance with the European Payment Services Directive, which requires stronger customer authentication procedures in respect to electronic payments protection.Under the European Payment Services Directive 2015/2366 (PSD2) and the provision and use of Payments Services and Access to Payment Systems Law (L.31 (I) / 2018), banks are required to implement stronger customer authentication for the purpose of securing payments. As stated in the security measures described in the RTS Read More
550+ fund and Asset Managers from Cyprus and Around the Globe meet at the 5th International Funds Summit
Cyprus is one of the fastest-growing investment fund centers in the region as its financial services sector is strong, and legislative and regulatory needs can easily be met. In the recent years, Cyprus has started offering a full range of services – from licensing to ongoing administration – and has become a one-stop shop; Thus, developing into a competitive jurisdiction in the funds industry. The 5th International Funds Summit is organized by the Cyprus Investment Funds Association (CIFA), Invest Cyprus Read More
Online Food Ordering Giant Delivery Hero Swallows Cyprus-Based Startup Foody
Berlin-based Delivery Hero, one of the biggest online food ordering and delivery marketplaces in the world, has made a small acquisition in Cyprus to expand its footprint, the TechEU reports. The company has picked up Foody, a Nicosia-based startup that has offered an online food ordering service in Cyprus since 2015, having partnered with more than 750 restaurants across the island.By joining Delivery Hero, Foody becomes part of a global family of brands with presence in 39 countries around the world, including e-food, Read More
Bank of Cyprus' future decisive for whole economy says new CEO
Bank of Cyprus is at a turning point and its decisions will be decisive not only for the lender but the entire economy, CEO-designate Panicos Nicolaou has told staff.In an internal memo to staff published by the Cyprus News Agency on Monday, Nicolaou, who is set to replace John Hourican in a few days, pledged to intensify the lender’s upgrading of technology and drastically cut costs, while having its human resources – its greatest asset – at the forefront. Read More
The taste of Cyprus licked: unusual ice creams
When it comes to summer in Cyprus there really are only two things to eat, watermelon or ice cream. And when it comes to the latter, the only place to enjoy something a bit out of the ordinary is Limassol.Long gone are the days of strawberry, vanilla and chocolate. Ice creams of all sorts are now available everywhere you turn but Gelato Mio offers something a bit more unusual – authentic Cypriot flavours.And the most traditional of all? Read More
Restaurant review: Labyrinth bistro, Paphos
By Sarah CoyneThe area around the Town Hall is becoming something of a gastronomic centre for eating out in Paphos. Together with the renovated old town, the area offers some great new eateries and a chance to rediscover some old favourites. A few weeks ago one of the bars in this area relaunched as a new bistro. They have kept the old name from the wine bar and a new commercial kitchen has been installed – Labyrinth Bistro is now Read More
Blue Pulse Ltd is officially «One to Watch»
Blue Pulse Ltd is definitely one of those companies that are worth for “One to Watch” since it has been chosen by the European Business Awards to represent Cyprus in the field of education and innovation for services that include safety, health and first aid.Blue Pulse Ltd has passed the first phase of the procedure of choosing the best companies among 111.000 businesses from 34 countries and is claiming a place in the 18 categories of this year’s Read More
Leptos Group Launches Limassol Blu Marine
The official first presentation of the innovative and leading-edge waterfront project by the Leptos Group, Limassol Blu Marine, took place on July 18 in the presence of more than 350 guests, from the professional and business sectors.The Group’s President, Michael Leptos, in his brief speech, made a short reference to the Leptos Group’s business history and activities. He thanked- the Mayor of Limassol Nicos Nicolaides and everyone present, friends and associates and stated that Limassol Blu Marine will succeed Read More
Restaurant review: Blue Spice Restaurant, Protaras
By Tracy Roth-RotsasWith the sudden opening of a saturation of restaurants, bars and nightspots along the eastern coast as the summer sun becomes stronger, to lure in customers venues in Ayia Napa and Protaras are required to do far more than simply provide food, drinks or music. Blue Spice Restaurant is more than just a place serving tasty food. There is a pool (quite a large one) as well as a separate kiddie splash pool – with a grassy garden Read More
Cyprus Airways Announces the Launch of Ticket Sales For Flights to Prague for Winter 2019-20
Cyprus Airways announces the launch of ticket sales for Prague for winter 2019 – 2020. The company will operate flights between Larnaca and Prague every Monday and Thursday.Natalia Popova, Chief Commercial Officer of Cyprus Airways stated that “Prague proved to be one of the favourite destinations for the cypriot traveler and we therefore decided to extend our flights in winter. It’s a magical place, ideal for short breaks, romantic and family holidays. Every season in Prague has its Read More
Cyprus Casinos C2 Ayia Napa opens its doors
Cyprus Casinos (C2), on Monday announced the opening of its third licensed satellite casino – C2 Ayia Napa on the heels of last month’s first anniversary of the C2 Limassol temporary casino.C2 Ayia Napa, which joins the C2 Nicosia and C2 Larnaca satellite casinos that opened in December 2018, is located at 34, Archbishop Makarios III Avenue, 5330, in Ayia Napa’s tourist area.The satellite casino is situated on a 13,829 m² plot, while the building itself comprises a Read More
Apple Pay Now Available to Bank of Cyprus's Customers
Offering an Easy, Secure & Private Way to PayBank of Cyprus, today brings its customers Apple Pay, which is transforming payments with an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites.Security and privacy are at the core of Apple Pay. When you use a Bank of Cyprus Visa credit or Visa debit card with Apple Pay, Read More
MTN Rebrands as epic
In a festive atmosphere, the new name of MTN was revealed on June 20. The brand name epic launches a new era for the company, as well as for the country's telecommunications.The new brand name addresses the experience consumers will enjoy; an experience that the company promises to offer by combining two powerful features: a state-of-the-art network with great value.This promise is reflected in the tagline that accompanies the new logo: Great network. Great value.At the event, epic’s Chief Read More
Bar review: Eauzone, Paphos
Eauzone is located within the Almyra hotel and is THE place to hang out this summer. With superb rooftop views of the sea and an infinity spa pool to cool off in, it’s not hard to see why it’s so popular.Open daily – only in the summer – from 9am- 4pm, Eauzone serves Spa snacks, salads and healthy nibbles.While there are a number of special evening events planned at this spot during the summer, Sunday night gatherings, which Read More
Bar review: Kafeneio Marimpou, Nicosia
Nicosians: you’ve probably walked or driven past this place multiple times, either on your way to someplace else or aimlessly strolling past the beautiful 14th century Omeriye Mosque, which sits within the city walls and exactly opposite this hidden and off the digital radar bar.Maybe you’ve noticed it, maybe you haven’t. Point is, notice it, enter it.A couple of tables and chairs sit at the entrance of this extraordinary otherworldly place of chill and non-exhibitionism that I liken to Read More
Restaurant Review: Apron, Nicosia
While browsing at the Mouflon book store, the owner Ruth mentioned there is a new enterprise on the street: a small restaurant, close by, that serves breakfast, brunch and late lunch, closing at 4pm. How very interesting.In the shady Sofouli Street diners may look over the extraordinary tangles of Wisteria and Passiflora embracing the sun-drenched buildings opposite. We are greeted by Christina Savvides, the proprietor, who explains the rules of the house. The lunch menu changes daily, the emphasis Read More
Bank of Cyprus generates €95m net profit in first quarter
Bank of Cyprus said Monday it has generated a €95m net profit in the first quarter of the year on tax legislation amendments and adjustments in the sale of non-performing exposures.The BoC said it had generated €176m in total income while its profit and loss account was positively impacted by €109m following tax legislation amendments adopted in March 2019 and negatively impacted by completion and timing adjustments of €21m for Project Helix. Continue reading at source: Cyprus Read More
Restaurant review: Edem's Yard, Larnaca
I think it’s fair to say that the cuisine in Cyprus has evolved rapidly over the last few years. New ideas, creativity and a variety of different types of restaurants have been injected in to our little island. One fairly new place that fits that description is Edem’s Yard in Larnaca. Located down one of the little side streets that connect Zinonos Kiteos to Phinikoudes, Edem’s yard is a breakfast and brunch yard. The entrance is simple yet classy, two Read More
Bank of Cyprus trains its staff on Social Media Platforms
Digital communication is the future. Social networks have changed the way we communicate and interact with others. In Cyprus, the use of social media is substantial, with over 800,000 monthly active users on Facebook and almost 500,000 on Instagram, with 90% of the use being on mobile devices.Bank of Cyprus, in cooperation with CYTA, successfully presented presentations in Nicosia and Limassol within the framework of the 'Skills Accelerator Program. The presentations focused on the development, usefulness and practical use Read More
Pilakoutas Group & Groupe Renault announce their official collaboration and welcome you to a new era
During a Press Conference that was held on Monday, April 8th in Limassol, Pilakoutas Group announced the official launch of its collaboration with Groupe Renault, as the new exclusive importer of Renault and Dacia cars in Cyprus.Several people from the island’s major media outlets and the Executive directors of Pilakoutas Group attended the Press Conference, in the presence of the CEO of Groupe Renault North Territory, Mr. Vincent Tourette, who also attended the event.During his speech, Mr. Pilakoutas thanked Read More
Restaurant review: The Monkfish, Paphos
By Sarah CoyneA friend whose gastronomic opinion I trust implicitly told me that there were only two excellent fish restaurants in Paphos, so I wondered if The Monkfish, which has recently opened on the coast road, perhaps could be a third option?The restaurant is sited one floor up in a large white development on the road between Paphos and Coral Bay and to serve everyone’s needs is accessed by stairs or a lift. Once upstairs there are extensive terraces Read More
Restaurant review: Red Pepper, Larnaca
There are some restaurants dotted around Larnaca that you won’t stumble across while having a stroll in town, which is more the pity. One such restaurant is Red Pepper; tucked away behind a bank on one of Larnaca’s main roads it has been in operation since 2010.With friends visiting, we decided to try something different from the norm and headed there. On entering we were greeted by a hostess and guided to our table next to the fireplace where Read More
Sainsbury's products now on sale at Papantoniou Supermarkets
Papantoniou Supermarkets proudly announced their exclusive collaboration with British supermarket giant Sainsbury’s, at a press conference held on Wednesday, March 13 at Hilton Park, Nicosia.Quality, variety and competitive prices make Sainsbury’s products among the top choices for UK consumers.Papantoniou Supermarkets decided to proceed with this exceptional collaboration after considering the growing needs of today’s consumers in Cyprus. From now on, Papantoniou Supermarkets’ customers can enjoy both the already advantageous prices and products offered by Papantoniou Supermarkets and purchase Read More
Hermes Airports Awarded as the "Best International Airport Management Company 2019 in the Mediterranean"
Hermes Airports has been awarded as the "Best International Airport Management Company 2019 in the Mediterranean" at the 2019 Air Transport Awards by the British International Transport News magazine.The ‘Air Transport Awards’ recognises the companies and individuals who are soaring above the industry’s competition, by contributing to the wellbeing and advancement of their wider industry and country. The awards also acknowledge the dedication, innovation and achievements of the industry’s stakeholders, highlighting the best among them.“The Air Transport Awards Read More
Restaurant review: Gourmet Taverna, Paphos
Most of us have a favourite ‘go to’ restaurant where we like to take visitors, celebrate special occasions or just start the weekend off in style. Gourmet Taverna in Kato Paphos is that for many. The stylish restaurant has been a family owned and run for the last three decades, and is a lovely venue where you’re ensured a warm welcome, excellent food and wine, and a memorable experience.Found on the seafront, with a fountain outside, this venue is Read More
Bar review: Stories day & night bar, Larnaca
In recent years, the bar scene in Larnaca has greatly improved. The old, once dilapidated buildings of the Laiki Yitonia area have been restored and rejuvenated while still keeping a lot of their original features, meaning that the bars are not only in beautiful stone buildings with character but also have their own twist of modern design.Walking around the area one night, we heard the sound of music in the distance. As we walked along it got louder and Read More
Restaurant review: The Noodle House, Limassol
Going out to dinner in Limassol can be a bit hit and miss but every now and again you strike gold. Located at the far end of St Andrew’s Street is The Noodle House, and any closer to gold it would shimmer. It is casual, yet elegant. Large tables, wide chairs, simple settings. An open kitchen gently lures us inside with a plethora of unusual scents. Fires dance on stoves and pans clatter gently amid the dull murmur of conversation. Read More
BoC: Access to Overseas Accounts through 1bank
Through 1bank, Bank of Cyprus customers can now have easy and fast access to accounts they hold in banks overseas.Once again the all-new Mobile Banking App leads the way, providing customers this facility which is directly linked to the new realities of Digital Banking. It is yet another decisive step towards achieving the digital transformation of Bank of Cyprus, as we constantly evolve and adapt to cutting-edge technologies.Highlighting its potential in relation to what is coming in Digital Read More
Amadeus Altea: Cyprus Airways Upgrades to New Reservations System
Cyprus Airways has completed the upgrade to its new passenger reservations system. The Amadeus Altéa Suite is a next-generation airline IT system that will help Cyprus Airways enhance customer experience by delivering more consistent and personalized customer service, develop new revenue streams, and improve operational efficiency. The migration to Amadeus Altéa Reservation System will also ensure that Cyprus Airways can meet passengers’ needs in future as the airline continues to grow.The new Reservation System will help Cyprus Airways to Read More
New Distinction for Louis Hotels in Greece
Louis Hotels was honored with the "Treasures of the Greek Tourism" award, in the "Best Preforming Companies" category. New Times Publishing organized the event for the second consecutive year and the ceremony was held on Tuesday, December 11 at Radisson Blue Park Hotel Athens.The "Treasures of the Greek Tourism" awards are given to reward excellence in tourism and the main factor that is rated is the economic performance of each business. In particular, the institution that organises the awards Read More
Hellenic posts 295.9m net nine-month profit
Hellenic Bank said Wednesday it recorded a net profit of €295.9m in the first nine months of the year, including negative goodwill of €297.9m from the acquisition of certain parts of the former co-operative bank.Excluding the negative goodwill and non-recurring elements relating to the acquisition, profit before provisions was €23m in the third quarter of the year, compared with €9.2m the previous quarter. Continue reading at source: Cyprus Read More
Shops prepare for Black Friday rush for bargains
More shops than ever will participate in Black Friday this year after witnessing last year’s immense success when businesses made around €14 million just in credit card payments, the retailers’ association said on Monday.According to the general secretary of the retailers’ association, Marios Antoniou, last year’s Black Friday sales exceeded expectations.Speaking to state broadcaster CyBC, Antoniou, said that last year’s success has convinced several business owners who were hesitant as to the idea of Black Friday to join Read More
Restaurant review: Voreas, Larnaca
Walking through the quaint streets of the village of Oroklini on the outskirts of Larnaca, you notice all the old style village houses that over the years have maintained their charm. Behind one of the doors of these houses is the restaurant Voreas. It is named after the God of wind because the house was known for having a wonderful breeze pass through, which was perfect for the hot summer months.Old style village houses were built around a courtyard Read More
Bar review: The Secret Garden, Larnaca
With the weather slowly changing, it is now more bearable to go out for an afternoon stroll down town. After walking through Larnaca’s busy Phinikoudes we decided to sit for a drink but wanted some peace and quiet, not to be sat in one of the packed out cafés along the sea front.Walking away from Phinikoudes towards St Lazarus church, my partner spotted a couple of endearing tables and chairs on the cobblestone pavement so we went to take Read More
New hotel is changing the face of Larnaca says president
Radisson Blu Hotel and Q-Βlu Plaza shopping centre has reshaped and added a new identity to the Larnaca port area, President Nicos Anastasiades said on Wednesday at the inauguration of the hotel.Anastasiades said that this “grand development project” has brought tax revenues to Larnaca and the state while also supporting the local community by creating hundreds of new jobs both during the construction phase and now during its operation.He said that Quality Group, a leading investment and land development company in Cyprus, joined Read More
Promoting Cypriot innovation in the US
Kinisis Ventures, a Cyprus-based company that operates as a business accelerator for start-ups, this month held a seminar focused on building ties with the American market for Cypriot innovative ventures.Titled ‘USA Realised: Does your business have what it takes?’ the seminar at the Bank of Cyprus headquarters was organised with support from IDEA – a scheme run by the bank for start-ups.Also involved were the Georgiades & Associates law firm, Chrysalis Leap, Cipa (Invest Cyprus), University of Read More
Bank of Cyprus FSR and LongTerm FCR Raised
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, has announced that it has upgraded the Financial Strength Rating (FSR) of Bank of Cyprus (BoC) by one notch to ‘BB-’ from ‘B+’ and revised the Outlook to Stable from Positive. The rating action reflects the continued reduction of non-performing exposures (NPEs) over the past four years and the expectation that the Bank’s proactive arrears management will remain successful as operating conditions continue to improve. The FSR is Read More
The Mall of Cyprus: New era for Debenhams, Intersport Cyprus and Sklavenitis
Having undergone radical renovations and total transformations, Debenhams, Intersport Cyprus and Sklavenitis stores are ready to offer consumers new upgraded shopping experiences at The Mall of Cyprus.More specifically, Debenhams department store has undergone a holistic upgrade of its beauty and cosmetics department located on the ground floor. With a total of 830sq.m. it is now the largest department store in Cyprus, hosting, among other, new popular, favorite and exclusive brands such as Giorgio Armani Cosmetics, NYX Professional Make Read More
The 17th Leadership and HR Management Conference
Transitioning successful family businesses in CyprusFor the founders of family businesses all over the world, succession has always been an important issue. In Cyprus, where 95% of companies are family-owned and the vast majority were set up during the ‘70s, ‘80s and ‘90s, a well-planned handover by the founders – who, in many cases, are well past retirement age – to second and third generation family members is even more essential if their companies are to continue to thrive. How Read More
Cyprus Airways becomes IATA member
Cyprus Airways on Monday announced it had become a member of the International Air Transport Association (IATA) that represents more than 280 airlines around the world.In July 2018, Cyprus Airways completed the IATA Operational Safety Audit (IOSA) registration, a pre-requisite for an IATA membership, after a rigorous audit programme that certified the company´s compliance with internationally approved aviation safety standards, it said. Continue reading at source: Cyprus Read More
Bar review: Re.buke, Larnaca
The Makenzy area has for a long time been a place where people flock, be it for a day at the beach, somewhere to eat or simply for a drink. Over the years different bars have come and gone so the strip is frequently getting a face lift. One bar however, has proved that they are not punching above their weight and look like they may be a mainstay in the area is Re.buke.Re.buke is the first Read More
Restaurant review: Ifalos, Protaras
It being summer, we headed recently to Protaras, which being near full capacity meant we ended up staying away from the main strip, towards Paralimni. Despite not being in the thick of it, the beaches were still beautiful and there were plenty of bars and restaurants about, including one that had come highly recommended and was only a 10-minute walk away.Struggling to find it we learnt that it had shut down. Not wanting to walk much further we simply Read More
Restaurant review To Patrikon Tersefanou Larnaca
If somebody recommended a taverna in a small village, 15 minutes outside of Larnaca, you would assume that it is just another traditional restaurant with the standard meze, possibly with a few dishes that aren’t expected but still nothing too extravagant. Going to To Patrikon taverna in Tersefanou, I’m almost ashamed to say that this is more or less what I expected. But the family-run taverna that has been perfecting the art of creative Cypriot cuisine for the last three Read More
Restaurant review The Marrakech Restaurant Paphos
One of the great joys for me of living in the Mediterranean is the seemingly infinite variations of the same dishes. The different combinations of herbs and spices that produce the signature taste of different countries. Also the country-by-country speciality dishes that mark out the different areas around the region, all underlined by the basics of lamb, pork, chicken, chickpeas and lentils and unleavened bread.The Marrakech Restaurant on the coast road in Kissonerga is a prime example of Mediterranean Read More
Elias Neocleous law firm included in EuroElite list
The Elias Neocleous & Co LLC has been included in the Legal Business magazine’s 2018 ‘Euro Elite’ list of law firms, published on June 21, for the second year in successionLegal Business is the market-leading glossy monthly magazine for senior decision-makers in the UK and global legal market. Published 10 times a year, the magazine reaches thousands of senior lawyers at major commercial firms across the UK and key financial centres of Europe, Asia and the US. It is published Read More
Review Temptations Tea House Paphos
I recently stumbled across Temptations Tea House after a stroll around the new sculpture park in Yeroskipou in Paphos.Set just off the central square and behind the church of Ayia Paraskevi, the recently opened venue serves a light lunch, snacks, cakes and cream teas.Previously Rosie’s tea room, the new owners have revamped the interior and there is a lovely shaded area outside area to the back. Or choose to sit at the front and admire the beautiful Byzantine Read More
Six Cypriot Firms Impress US Investors at New York City Event
Six Cyprus-based companies with a focus on American expansion presented their vision to nearly 100 U.S. investors and business leaders last week in New York City. The “Cyprus Realized” event was a partnership between the Cyprus-U.S. Chamber of Commerce and Kinisis Ventures Limited, a business acceleration company founded by Cypriot ex pats with an aim to expose Cypriot based companies to the US market and business network. This event was another positive step to the ongoing hard work Read More
Bar review Athina Bar Lounge Amathus Hotel Limassol
The call of the beach can’t be ignored – when the heat starts you just can’t tear yourself away from the seaside breeze, especially since the pain of humidity has not yet set in. This time, I opted for a drink at the Athina Lounge Bar at Amathus hotel.The great thing about going to a bar at a hotel is the meticulous and elegant décor and atmosphere, where each detail is rigorously attended to, and it offers great service. Read More
Alphamega supports the Cyprus Red Cross
Alphamega will be donating five per cent of all its ice cream sales towards supporting the Cyprus Red Cross, in a bid to help families in need.In a press conference on Friday, the supermarket announced its campaign ‘one ice-cream, many smiles’, as a means for Alphamega to share smiles as summer approaches and help Cyprus’ largest charity.The move, carried out as part of the supermarket’s social corporate responsibility, will mean five per cent from any ice-cream sales between Read More
Bar review Old Market St Larnaca
Nestled in the back streets of Larnaca’s Laiki Geitonia is a versatile bar that has become increasingly popular since opening four years ago. Old Market St is a classy bar that can cater to all needs whether you want to sit outside and enjoy a coffee on a sunny afternoon, prefer some early evening tapas and a nice cool drink or to be at the heart of the hustle and bustle at night.Arriving at the corner, renovated, stone-built building Read More
Restaurant review Lambros Fish Chips Dhekelia
Anyone who has lived in or had any association with England knows that one thing the Brits do well is fish and chips! While not the most adventurous of dishes, when cooked properly it can be extremely tasty and very satisfying. But you don’t have to go all the way to England for fantastic fish and chips, you only need to head in the direction of the British bases in Dhekelia. Overlooking the Cessac beach, Lambros fish and chips restaurant Read More
Limassol Cruise Terminal Inauguration Ceremony by DP World Limassol
DP World, a leading enabler of global trade and an integral part of the supply chain, has been awarded a 25-year concession to exclusively operate the multi-purpose and cruise terminal in Limassol, commencing January 2017. The DP World Limassol multipurpose terminal's activities, comprising of three multi-purpose quays, include break-bulk, general cargo, Ro-Ro, oil & gas services and the brand new passenger terminal. DP World Limassol seeks, through Limassol port, to make the terminal more productive and more sustainable.The Limassol Read More
Invest Cyprus Launches Invest Career Digital Platform
Responding to the increased demand for new job positions, Invest Cyprus has announced the official launch of its “Invest Career” digital platform, where Cypriot and foreign professionals can match their talent and skills with existing vacancies in sectors of interest.The new platform was presented at a press conference given by Invest Cyprus in Nicosia on 13 April 2018 attended by media representatives, Labour Minister Zeta Emilianidou, Labour Ministry officials and other stakeholders. Continue Read More
Restaurant review Aris Tavern Limassol
I love it when the weather starts to warm up – you can sit outside again absorbing the beauty that is Limassol rather than sitting inside a stuffy restaurant. I love it even more when I do this framed by the picturesque Heroes’ Square. And the cherry on top? When the restaurant is as laid-back as you are feeling you get to truly relax and enjoy your dinner.They say never judge a book by its cover, and this runs Read More
M Konstantinou We are launching the new era
A very creative year is demonstrated in 2018 for Charalambides Christis, with the development of the range of products and the addition of new categories, thus signaling a new even more dynamic era for its development. The strategic goal is to expand its position in the dairy sector, boosting its investments in the domestic and international markets, as the new CEO, Marios Konstantinou, said in the first interview since taking up his duties. Continue Read More
Nicosia Mall to Host FF Group Brands
Nicosia Mall, the island’s newest and largest shopping destination is gathering momentum, as its highly awaited opening is approaching. Set to open its doors to the public in November 2018, Nicosia Mall will house a superb selection of iconic fashion brands. The latest to be announced include the coveted brands Links of London, Folli Follie, Calvin Klein, Nike and Collective, from FF Group’s dynamic portfolio.Yoram Kedem, General Manager of Nicosia Mall commented, “Having the FF Group brands come on Read More
Restaurant review Grazie Paphos
The Grazie Italian Restaurant in Kato Paphos must surely rank among the town’s top 10 restaurants, a place where the menu, the chef and the food that exits the kitchen take priority over the senselessness and chronic rudeness displayed these days by so many phone-addicted punters who seem to be following the credo that they ‘eat to live’ and instead of ‘living to eat’. I love food and always relish the theatrical experience a restaurant can offer, with the good Read More
MTN Organizes Series of Educational School Seminars
In order to further enhance its efforts in raising awareness on matters relating to a safer internet, MTN organizes educational seminars in Junior High and High Schools all over Cyprus. The first seminar successfully took place back in January at the Mitsis School in Lemythou, with nine more seminars following throughout Cyprus.With the production of a short video titled "Your Choice", which focuses on subject matter of online bullying, MTN aims to make students -and especially teenagers- more aware Read More
COBALT China and India the next destinations
Passing more than 600 thousand passengers in 2017, the Cobalt airline with six aircraft in its fleet flew over two years into its program beyond 18 destinations. The company's plans are aimed at Asia and mainly China and India. As stated in an interview with InBusinessNews, Grigory Diakos, Chairman of the Board of Directors, will be making flights from Larnaca Airport to Heathrow Airport from March 27th, while in terms of the services offered outside the business class it will Read More
Restaurant review Theta Limassol
The healthy eating bug has seems to invade us all every once in a while, and its great to see restaurants accommodating these culinary tastes.Located in the heart of the city centre, in Heroes square, Theta prides itself on being the first gluten and dairy free restaurant in Cyprus, and pairs that with a relaxing atmosphere that promotes calmness and tranquility – all elements that help promote an enjoyable dining experience.On opening the menu, I couldn’t wait to Read More
German Autarsys Commissions Groundbreaking Energy Storage Project in Cyprus
Autarsys GmbH has delivered and commissioned the first community energy storage system (ESS) in Cyprus. It aims to be a testing ground for how to scale up grid-connected renewable energy on the island.The company designed and implemented a substation in a neighbourhood in Nicosia connected to homes with rooftop PV systems of 3kWp. Autarsys has partnered with Aerotricity in Cyprus which served as the site and project coordinator and FOSS Research Centre for Sustainable Energy from the University of Read More
Green for a brewery in Amaroeti Paphos
The construction of a small brewery in the community of Amarotis in the province of Paphos is in the making. The Green Authority turned green on the request of an entrepreneur for the construction and operation of a small brewery and a distillery in an existing building in the community of Amargeti.The project will be constructed in the "Petra tis Nero" area, 650 meters southeastern to the center of the village. Land uses in the surrounding area include residential Read More
A New Luxury hotel for the elderly set to open its doors in Cyprus pics video
Eden Wellness and Rehabilitation hotel is set to open in Larnaca and will provide luxury accommodation and services to all elderly who seek a peaceful and tranquil place to stay.Eden Resort Wellness and Rehabilitation are aiming to provide exceptional experiences whether you are looking for a short-term or a long-term stay, wellness pampering, rehabilitation, nursing care, independent or assisted living or a new life plan.Continue Read More
Cypriot firm gets tech to build cost effective power generators
By Stelios OrphanidesThe Cypriot company Thalis Engineering Co. Ltd. is planning to set up a plant that will produce a renewable energy generator capable of producing power at a faction of the cost of other conventional or renewable technologies after acquiring the necessary patents.“We are in the middle of certifying our product and commercialising it,” said Pavlos Liassides, one of the two investors, said in an interview on Tuesday. The company already has two projects for the construction of Read More
Restaurant review Militzis Larnaca
The road from Larnaca’s seafront Phinikoudes to Makenzie beach is now a modern walkway allowing a lengthy stroll beside the sea. Situated on it is the traditional restaurant Militzis, a long standing part of the town’s eating scene that has been serving traditional Cypriot cuisine for 40 years.Militzis is easy to spot with its old fashioned windmill and stone arch at the entrance. Inside the décor sticks with being traditional; green and white chequered table cloths draped over tables Read More
Karas Fish Tavern in Kapparis
Regarded as one of the best fish restaurants in Cyprus, its naturally a Cypriots favourite, and purely by reputation, they come from all over Cyprus to eat here ! … apart from their speciality of ‘Fish Meze’ which is a selection of seafood dishes brought to the table nice and slowly, of course there’s a full menu of Cypriot and International dishes, with a tasty kids selection, and theres a Take-Away and Delivery service .. Its also a fantastic choice to host Read More
Bar review Barrel House Larnaca
The Larnaca bar scene has grown in recent years to accommodate a newfound appetite for classy yet down to earth bars with top quality drinks. One that has now firmly established itself among the most reliable is Barrel House Bar, located in the heart of town.Hidden away in a backstreet near Larnaca’s busy Ermou, Barrel House has managed to create its own space as it aims to provide a fresh alternative to what the town had been used to Read More
Just Italian Restaurant
Just Italian - RISTORANTEJust Italian, the name says all you need to know about us. We began in 2006 with the concept of providing authentic and contemporary Italian ingredients, flavors and atmosphere all year round in Cyprus. We combined a modern atmosphere with the freshest of ingredients and created a true Italian restaurant that offered real value for money.In 2007 our aim of providing quality value for money meals was recognized and we were awarded in with the Time Read More
PGS Electrical
PGS Electrical - Located in ParalimniEstablished in 1981, PGS Lighting Electrical is a one-stop-shop offering integrated lighting solutions.Our services include: lighting fixtures for indoor and outdoor spaces, light bulbs of all kinds, home automations as well as the complete range of electrical supplies.We specialize in LED lighting and can provide green and cost-effective solutions for any household or business facilities based on our extensive energy efficiency research and analysis.Our team consists of top-notch Lighting Consultants with the Read MorePopular Posts
A. A. Purple Real Estate is a Registered and Licensed Real Estate Agency, Reg No. 435, License No. 288. We opened for business in September 2007 and over the years have established ourselves as the market leader island wide. Recognising the importance of customer care and building relationships with developers we are able to offer our clientele the highest standard of service in the industry.
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