CY Airports record high passenger traffic in 2023 - Passenger traffic at Cyprus airports in 2023 exceeded 11.6 million, with an average of 32,000 passengers per day. Traffic in 2023 had an increase of 3% compared to 2019, marking the best performance ever recorded at Cyprus Airports. Specifically, 8.1 million passengers trave... more

Demand for Cyprus Real Estate remains high - According to data from the Comparative Sales Department of the Land Registry and CartoAcil, the real estate market continues to be resilient to challenges. In particular, the nine-month period of the year saw a total of 8,681 property transfers nationwide with a total value o... more

Economy sustains growth despite external pressures - The economic growth rate remains robust, standing at 2.5% in the third quarter of 2023 compared to the same quarter in 2022, despite prevailing external pressures, as reported by the Statistical Service. After adjusting the Gross Domestic Product (GDP) for seasonal variations... more

EU greenlights Cyprus’ green transition plan - The European Commission on Thursday gave a positive assessment of Cyprus’ modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth €1.22 billion – €0.2 billion in loans and €1.02 billion in grants. Cyprus’s REPowerEU chapter consists of... more

Q3 property sales documents hit €1 bln - The value of property sales agreements submitted in the third quarter reached €1 billion, with the real estate market maintaining its strength despite challenges. According to property sales data from the Department of Land and Surveys, processed by the Real Estate Agents Reg... more

Cyprus to generate 40% solar power by 2030 - Cyprus has the potential to meet 40% of its energy demand through solar power by 2030, Director-General of the International Renewable Energy Agency (IRENA) Francesco La Camera said. He told the Cyprus News Agency (CNA) about the importance of interconnectivity of the energy ... more

Property sales reached 15 year high in second term - The Cyprus property market witnessed a record number of sales during the second quarter of 2023, reaching a level not seen in 15 years, according to a report released this week by the Central Bank of Cyprus (CBC). Furthermore, property prices, especially for apartments, have ... more

Moody's upgraded Cyprus to Investment Grade Baa2 - Moody's Investors Service on Friday raised its ratings on the Government of Cyprus by two notches, to Baa2, and changed its outlook on the country to stable from positive. The ratings upgrade reflects "broad-based, sustained improvements" in Cyprus's credit profile, resulting... more

WTC Cyprus Becomes Carbon Neutral - In today's rapidly changing world, the corporate landscape is witnessing a remarkable shift towards environmental sustainability. Companies are not just embracing this change; they are actively leading the way, setting new standards for corporate responsibility. World Trade Ce... more

A succesful WTCA ERM hosted by WTCCyprus - WTC Cyprus had the privilege of hosting the prestigious WTCA’s European Regional Meeting right here in the heart of Limassol, Cyprus. Over two remarkable days, we welcomed nearly 30 World Trade Centers from around the globe to the beautiful Mediterranean Hotel. Our distinguis... more