Cyprus Business Now: tourism, hospitality, fuel, TechIsland, WISTA
The federation stated that maintaining stability, security and the smooth functioning of the economy is a top priority and a collective responsibility for the country.
“The resilience of the Cypriot economy has been tested in recent years in extremely adverse conditions and has proven strong institutionally, operationally and organisationally against every kind of crisis and international or regional geopolitical upheaval,” the federation said.
The statement explained that sectors linked to tourism and companies exporting to Gulf countries and the wider Middle East, including pharmaceutical industries, are currently facing challenges.
According to the statement, “responsibility and composure are more necessary today than ever”, as exaggerated public debate and the ease with which people can express themselves online risk creating a distorted picture of the situation.
Pasika said that “irresponsibility, immaturity and a misreading of events were fostering a negative climate that does not reflect reality“, adding that “Cyprus remains a safe country despite regional tensions”.
According to the announcement, as technology, artificial intelligence and cybersecurity increasingly shape how businesses operate and societies function, the initiative responds to the growing need for trusted dialogue among technology professionals.
The TechPro Community is a professional community under the TechIsland umbrella, created for technology professionals working at the forefront of the tech and innovation sector in Cyprus.
More specifically, it brings together CTOs, CIOs, CISOs, technology architects, data scientists, AI and cybersecurity specialists, DevOps and platform engineers, software developers, UX designers and digital transformation professionals, thereby creating a focused, peer-driven platform for meaningful exchange.
Its purpose, the announcement said, is to enable members to share insights, discuss real-world challenges and collectively explore the future of digital transformation, AI governance and emerging technologies, through open dialogue, experience-sharing and collaboration across disciplines and levels of seniority.
Speaking to Cyprus News Agency (CNA), Damianos said the situation is being followed “with care”.
He added that the unrest has temporarily affected global energy trade and added to volatility in international oil and fuel prices.
The minister said the consumer protection service is systematically monitoring the supply chain of goods and fuels in the Republic to prevent uncontrolled or unjustified price increases.
“Our goal,” he said, “is primarily to prevent uncontrolled or unjustified price increases.”
Speaking at a WISTA Cyprus (Women’s International Shipping & Trading Association) gathering on Wednesday to mark International Women’s Day, she argued that greater inclusion is making the industry more innovative and better prepared for the future.
Every step forward made by women carries significant weight as they continue to strengthen the profession, the minister stated.
Women in maritime, she said, bring “incredible expertise and professionalism”, but also “perspective, resilience, creativity and leadership”, qualities which, she added, do not benefit women alone but the industry as a whole by making organisations stronger, decisions better, and the sector more dynamic.
The airline said the service is available across all international routes to and from Cyprus, allowing travellers to lock in the cost of flights and optional baggage for a 12 month period.
According to the company, the Wizz MultiPass subscription enables customers to secure a fixed monthly flight price regardless of seasonal demand or last minute fare changes.
The product provides one confirmed one way or return flight per month, provided bookings are made at least five days before departure.
This compares with 34 cheques worth €42,493 in February 2025. In February 2024, the number stood at 16, with a total value of €19,388.
For the January-February 2026 period, a total of 25 outstanding cheques with a combined value of €94,551 were registered in the preliminary list of the Central Information Register (CIR), based on CBC data.
This compares with 50 cheques worth €84,555 in the corresponding period of 2025.
Specifically, Eurostat on Thursday reported that 70.66 per cent of people in Cyprus aged 16 to 74 used websites or apps of public authorities in 2025, placing the country close to the EU average for e-government usage.
Across the European Union, 71.9 per cent of people aged 16 to 74 used websites or apps of public authorities in 2025, highlighting the continued expansion of digital government services across the bloc.
The statistics show that Greece registered 71.99 per cent usage, marginally above the EU average.
According to Eurostat, the average price of goods and services consumed in agriculture in Cyprus fell by 2.6 per cent compared with the fourth quarter of 2024, representing the largest decrease among EU member states during the period.
Across the European Union, the average price of agricultural output at the farm gate declined by 1.9 per cent in the fourth quarter of 2025 compared with the same quarter in 2024.
This decrease followed three consecutive quarters of price increases recorded earlier in 2025, according to the Eurostat data.
At the same time, the average price of goods and services currently consumed in agriculture across the EU remained unchanged compared with the fourth quarter of 2024.
The meeting is scheduled to take place at 10.00 a.m. on Thursday, April 2, 2026, according to a notice issued by the company.
Shareholders will be asked to examine and, if they consider it appropriate, approve two special resolutions concerning amendments to the company’s Memorandum and Articles of Association.
The latest figures showed that total imports of goods fell to €994.1 million in January 2026, compared with €1.15 billion in January 2025.
This represented a decrease of 13.6 per cent in imports during the period, the statistical service reported.
Imports from other European Union member states amounted to €554.3m, compared with €583.0m in January 2025.