Souzana Psara

Here are the top business stories in Cyprus from the week starting June 30: Cyprus has moved to establish a national framework for screening foreign direct investments (FDIs), aiming to safeguard ...

Cyprus has moved to establish a national framework for screening foreign direct investments (FDIs), aiming to safeguard security and public order while maintaining an open environment for investors. The Council ...

Dubai Silicon Oasis, part of the Dubai Integrated Economic Zones Authority (DIEZ), has partnered with The Doers Company to host the first Middle East edition of its Doers Summit, aiming ...

The hotel industry is bracing for fresh tensions as unions and employers clash over alleged breaches of the collective agreement signed in December 2024. According to a report in Philenews, the ...

The International Chamber of Shipping (ICS) and European shipowners welcomed the Hong Kong International Convention for the safe and environmentally sound recycling of ships entering into force globally this week. ...

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, ...

The Thalia 2021–2027 Cohesion Policy Programme is currently Cyprus’ most ambitious effort to support small and medium-sized enterprises (SMEs), with a total budget of €1.8 billion, including €969 million from the European Union ...

Cyprus recorded €75.7 million in high-value property transactions in May 2025, showing a strong rebound from April, with Nicosia leading the market, according to real estate analytics firm Ask Wire. Land Registry ...

The number of registered unemployed persons in Cyprus stood at 9,153 at the end of June 2025, data from the Cyprus Statistical Service (Cystat) showed on Thursday. On a seasonally adjusted basis, ...

Nicosia’s city centre will be transformed into a vibrant hub of innovation and culture on September 25–26, as INSPIRE 2025 brings together more than 85 distinguished speakers, immersive masterclasses, and live entertainment. ...

Alphamega hypermarkets signed an agreement to acquire Foody Market, the online supermarket service operating through the leading distribution platform Foody. The completion of the transaction, however, is subject to approval ...

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the ...

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the ...

Unemployment in Cyprus stood at 3.6 per cent in May 2025, down from 3.7 per cent in April and 4.8 per cent in May 2024, according to data released by Eurostat on Wednesday. The number ...

Cyprus’ hotel industry continues to face labour shortages despite a record year for tourism in 2024, with hoteliers urging targeted reforms to address staffing gaps and housing constraints. Speaking this week ...

Bird Aviation has signed a multi-year agreement with a leading European airline for the provision of heavy maintenance services on narrow-body aircraft, reinforcing Cyprus’ position as a regional hub for ...

Global air cargo demand rose by 2.2 per cent in May 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA). Capacity, measured ...

Banks have overtaken the government as the most influential force in Cyprus’ real estate sector, according to EY Cyprus’ latest annual survey.   As mentioned in Philenews, the market continues to ...

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 ...

The global maritime community will once again converge in Limassol this October for the Maritime Cyprus Conference 2025, a flagship event for the international shipping industry, held under the theme ‘Unlocking ...

Cypriot real estate analytics firm Ask Wire has secured third place at the 15th Innovation and Technology Competition of the NBG Business Seeds programme. Awarded for its real estate data ...

The Bank of Cyprus has achieved its 2025 real estate target months ahead of schedule, completing over €200 million in property sales within just a few weeks, including the largest transaction ever ...

The entrepreneurial spotlight turns to Cyprus this Friday, July 5, as ten local startups prepare to compete at the Startup World Cup 2025 Regional Finals, taking place at BrainRocket in Limassol. The ...

The Columbia Group is set to acquire the Secret Valley resort from Bank of Cyprus’ real estate management unit (REMU) in a deal valued at over €130 million, it emerged on ...