Cyprus is expected to experience further growth in its Gross Domestic Product (GDP) in 2024, combined with a slowdown in inflation, according to the European Commission’s interim winter forecast.

The Cypriot economy grew by 2.1 per cent in the fourth quarter of 2023, compared to a growth rate of 2.3 per cent recorded in the corresponding quarter of 2022, according to a report released this week by the Cyprus Statistical Service (Cystat). The report also noted that the growth rate in the third quarter of 2023 reached 2.6 per cent, up from 2.2 per cent in the second quarter to 2.2 per cent, but lower than the 3 per cent observed during the first quarter of the same year.

The yachting sector is poised to experience further growth both in Cyprus and on an international scale during 2024, according to Nikiforos Pampakas, the general manager of Limassol Marina.

European University Cyprus (EUC) on Wednesday announced that its startup programme, implemented in collaboration with tech giant Microsoft, is set to launch its third cycle, offering active support to Cypriot startups for yet another year.

In the context of the increasing value of personal branding within the entertainment and public figure sectors, trademarking a celebrity’s name in Cyprus presents a unique set of challenges and opportunities.

Cyprus’ Research and Innovation Foundation on Monday announced that it is joining forces with Israel’s Ministry of Science and Technology, in order to boost collaboration and cross-border relations in the field of research and innovation. According to the announcement, the Research & Innovation Foundation (RIF) and the Israeli ministry have launched a joint funding initiative, with a total budget of €1.8 million, with €900,000 allocated to each country.

Andreas Michael, the owner and managing director of CyView Developers, recently shared insights into the economic outlook and prospects for the construction sector in Cyprus for 2024, including how the country is affected by regional conflicts.

The Research & Innovation Foundation (RIF) on Friday hosted its ‘Partner Day’ conference at the Hilton Hotel in Nicosia, in an effort to further foster collaboration between Cyprus’ research and business communities.

Elias Neocleous & Co LLC (ENC) displayed its expertise at the 2024 CG Summit Cyprus, a notable gathering hosted by the Legal500, which saw the participation of legal professionals, industry experts, and key decision-makers from across the country.

Vice President and Senior Analyst at Moody’s risk assessment group Haiko Peters this week praised the Cypriot’s economy steady improvement, referencing both its growth and ability to weather a tumultuous global economic environment.