Souzana Psara

The Central Bank of Cyprus (CBC) announced a substantial growth in the assets of investment institutions for the final quarter of 2024. The assets increased by €573.8 million, 8.4 per cent, reaching €7.36 billion ...

Deputy Minister for Shipping Marina Hadjimanolis, is set to visit Brussels to participate in the high-level roundtable, ‘Fisheries and Oceans Dialogues: Help Design the European Ocean Pact’. This follows an ...

The association of building contractors Oseok has warned that acute labour shortages in sectors like construction, tourism, and retail were stalling economic growth. As the supply of skilled and unskilled ...

Cyprus recorded the lowest rate of people working remotely in Europe in 2024, at just 22 per cent, a sharp contrast to the Netherlands, which topped the chart with 83 per cent. This ...

The Bank of Cyprus on Tuesday announced its preliminary financial results for 2024, reporting a profit after tax of €508 million. This marks a 4 per cent increase compared to the previous year, ...

Addressing Tuesday’s 8th Capital Link Shipping Forum in Limassol, the Deputy Minister for Shipping Marina Hadjimanolis emphasised that “expanding the Cypriot registry remains a top priority for the government.” ...

The board of directors of the Agros Development Company ‘Proodos’ Public Ltd, which owns the Rodon hotel in Agros, has accepted the evaluation issued by PWC about its share price. ...

Cyprus’ Construction Production Index prices for January 2025 reported a modest increase of 0.57 per cent from the previous month, according to the latest data from the Cyprus statistical service (Cystat). What ...

The Deputy Ministry of Tourism has warmly welcomed Qatar Airways’ decision to ramp up its flights from Qatar to Larnaca Airport. According to a recent post, starting June 24, 2025, the airline ...

Deputy Minister for Shipping, Marina Hadjimanolis, announced this week that the Deputy Ministry of Shipping has integrated gender equality promotion activities into its operations. This initiative aligns with the United ...

Amidst fierce competition from global maritime giants, the Greek shipping sector continues to command a significant share of the international market, boasting 21 per cent of the world’s transport capacity ...

January 2025 marked a standout month for tourism in Cyprus, as the island welcomed 112,100 visitors, according to a report released on Monday by the state stastical service. According to the report, ...

Short-term rentals in Cyprus will come under the scrutiny of the House energy, trade, industry and tourism committee this week. The committee is set to discuss a number of issues ...

Here are the top business stories in Cyprus from the week starting February 10: Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to ...

Cyprus’ economy grew, albeit at a slower pace, during the fourth quarter of 2024, with GDP increasing by 2.6 per cent compared to the same quarter of the previous year. According to ...

President Nikos Christodoulides this week announced a €122 million initiative designed to significantly enhance infrastructure and public services throughout the Famagusta district. The president outlined the details of this plan, wihch ...

Hong Kong investor Balram Chanrai is steadily increasing his ownership of Agros Development Company ‘Proodos’ Public Ltd, which owns the Rodon hotel in Agros. Based on the announcements on the ...

Cyprus’ Deputy Minister of Innovation, Nicodemos Damianou, and UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar Sultan Al Olama, have signed a Memorandum of ...

A number of maritime and shipping organisations are becoming increasingly concerned with issues related to seafarer safety, according to a number of discussions at the recently held Capital Link Forum. ...

One Plus Capital (OPC) recently hosted the Investment Edge 2025 conference in Cyprus, focusing on strategic investment management and macroeconomic analysis to bolster decision-making and promote flexibility in an ever-evolving market. ...

The European Investment Bank group’s (EIB) latest investment survey reports that 81 per cent of Cypriot companies are engaged in global trade, significantly outperforming the EU average of 63 per cent. ...

The environment department has given approval for a €55 million project to convert an existing tourist apartment complex into a 480-bed, 4-star hotel in Polis Chrysochous, it emerged on Wednesday. In ...

Cyprus is not immediately affected by the tariffs imposed by US president Donald Trump, but the risk of inflationary pressures on the country remains, Finance Minister Makis Keravnos said on ...

Limassol continued to lead Cyprus’ high-value real estate market in 2024, accounting for eight of the ten most expensive property transactions, with a total value of €176.8 million, according to real estate ...