Souzana Psara

Optimism is growing about Cyprus’ potential to attract more foreign direct investment (FDI), despite a decline from an annual average of €5.7 billion between 2018 and 2021 to €4.8 billion in 2022 and €4.2 billion in 2023. ...

Global air travel revenues surged in 2024, with passenger numbers reaching a record 4.89 billion as demand rose 10.4 per cent over the previous year, exceeding pre-pandemic levels by 3.8 per cent.   This growth ...

Logistics and tech company BOX NOW, which has set new standards in last-mile delivery across Greece, is also rapidly expanding into Cyprus. With substantial backing from Emma Capital Group, BOX ...

Affordable cities are gaining momentum in real estate as shifting work trends and rising demand reshape the market landscape, according to Ask Wire CEO and co-founder Pavlos Loizou. In a ...

Cyprus’ Digital Security Authority (DSA), in collaboration with the Shipping Deputy Ministry and the Israel National Cyber Directorate (INCD), this week hosted a conference on maritime cybersecurity. Titled ‘Charting a ...

Cyprus’ strong economic performance, including the registration of 2,300 new companies and the relocation of 12,000 employees, was emphasised by Finance Minister Makis Keravnos at an event in Athens, offering Greek businesses ...

Meet the visionaries behind Placy After my meeting with Sotiris Komodromos, it’s clear that the realm of real estate is on the brink of a tech-driven transformation. As the ...

Abu Dhabi’s Pure Health Holding has agreed to acquire a majority stake in Hellenic Healthcare Group (HHG), valuing the healthcare provider at €2.2 billion, marking a significant expansion into Cyprus ...

The Association of Cypriot Professionals in Greece (ACPG), which aims to promote innovation and foster collaboration between the two countries, was officially launched on Wednesday. According to the announcement, this ...

Greek airline Aegean this week announced the launch of its Aircraft Engineer Training Scholarship Programme, providing young individuals with the opportunity to train for a career in civil aviation. Accorrding ...

The Cyprus Property Developers Association and Interior Minister Constantinos Ioannou met this week to discuss a number of issues impacting Cyprus’ housing sector. These include delays in planning permits and ...

To tackle traffic congestion and improve urban development, the municipalities of Limassol, Amathus, and Polemidia have teamed up on a collaborative spatial planning initiative, aimed at enhancing the city’s ...

Fuel sales in Cyprus showed a slight increase in 2024, with petrol station sales rising 2.4 per cent to 682,790 tons compared to 2023, according to a report released by the state’s statistical ...

Chairman of TechIsland and General Manager at Wargaming, Valentinos Polykarpou, has played a key role in turning Cyprus into a burgeoning tech hub. Over the past three and a half ...

Investors are increasingly eyeing Nicosia’s centre, where developments in universities, hotels, and office spaces signal revitalisation of one of Cyprus’ most historic areas. Recent local initiatives and rising investor ...

The Limassol Chamber of Commerce and Industry (Evel) has called for a comprehensive and environmentally conscious approach to the redevelopment of the Lady’s Mile area. It also underlined the ...

Here are the top business stories in Cyprus from the week starting January 20: Limassol has the highest rental prices in Cyprus, averaging €4,492 for houses, while Famagusta has the lowest, with ...

Cyprus has seen significant rise in foreign property purchases in recent years, with more than 37,000 properties sold to foreign buyers between 2021 and the end of 2024.  Specifically, property sales to foreign ...

A proposed law aims to tackle the issue of unlicensed hotels and tourist accommodations in Cyprus by offering a temporary operating licence for up to six years. Currently, just 12.69 per ...

The International Maritime Organisation (IMO) has officially opened its Regional Presence Office (RPO) for the Middle East and North Africa (MENA) region in Alexandria, Egypt, a city with a deep ...

Building permits in Cyprus saw a significant drop in August 2024, with only 183 permits granted, compared to 450 in the same month in 2023, according to data from the Cyprus Statistical Service (Cystat). ...

Newly appointed secretary general of the International Chamber of Shipping (ICS) Thomas Kazakos on Thursday met with president Nikos Christodoulides at the Presidential Palace. Following the meeting, Victoras Papadopoulos, director ...

Athens will soon be the site of the Doers Summit 2025, a new event set to highlight the rising stars of Emerging Europe’s startup ecosystem. Scheduled for February, the summit ...

Shipping Deputy Minister Marina Hadjimanolis, and Gender Equality Commissioner Josie Christodoulou hosted a press conference on Wednesday at the Presidential Palace to launch the ‘Women in Shipping’ campaign. This initiative, ...