Souzana Psara

Here are the top business stories in Cyprus from the week starting October 27: The economic history of Cyprus is a tale of resilience, often defined by its agile recovery from ...

The Cyprus Real Estate Development Association welcomed the unanimous approval by the House of Representatives of the new law establishing a framework for the control of foreign direct investments (FDI), ...

Cyprus recorded a negative annual financial position of -€29.27 billion in 2024, according to the Cyprus Statistical Service (Cystat). As of December 31, 2024, total assets in financial instruments across the economy amounted ...

The Index of Industrial Output Prices in Cyprus for September 2025 reached 122.3 units, using 2021 as the base year with 100 units, according to the Statistical Service (Cystat). The index recorded a decrease ...

House energy committee chairman Kyriacos Hadjiyiannis will represent Cyprus at the Interparliamentary Conference on “Towards a Safer and More Innovative Digital Europe: Delivering on the DSA’s Promises for Citizens ...

Paphos is expected to maintain around 10,500 accommodation units in full operation between December 2025 and March 2026, despite several establishments suspending activity during the quieter winter months, according to the Paphos regional ...

Revenue from tourism in Cyprus reached €581.8 million in August 2025, according to figures released by the Cyprus Statistical Service of Cyprus (Cystat) on Thursday. This marks a 13.8 per cent increase when ...

Cyprus’ Industrial Production Index reached 91.1 units in August 2025, using 2021 as the base year set at 100 units, according to the Statistical Service (Cystat). This represented an increase of 0.8 per cent compared ...

Visitor rates at leisure centres across Cyprus surpassed 80 per cent in September and October, marking a strong start to the autumn season, according to the association of hospitality sector owners (...

Cyprus’ land market continued to gain ground in the first half of 2025, with total transactions exceeding €360 million, confirming its position as one of the strongest segments of the island’s ...

Cyprus’ unemployment rate eased to 4.9 per cent in September 2025, down from 5.1 per cent in August, with around 26,000 people registered as jobless, according to Eurostat. The figure remains well below the ...

More than 200 complaints have now been filed against the Limassol-based travel agency Efi Strakottou Travel and Tours Ltd, bringing to light the issue of consumer protection and compensation for travellers ...

Global air cargo demand rose by 2.9 per cent in September 2025 compared with the same month last year, according to figures released by the International Air Transport Association (IATA).  At the ...

Energy Minister George Papanastasiou has said that the ministry is working to address the challenges facing the Ayios Athanasios industrial area, stressing that the priority is to secure its steady ...

Average monthly earnings in Cyprus continued to rise during the second quarter of 2025, with gross salaries increasing by 4.2 per cent compared to the same period last year, according to provisional ...

Cyprus recorded one of the largest decreases in household electricity prices across the European Union in the first half of 2025, with costs falling by 9.5 per cent compared with the same ...

Cyprus is gearing up for another strong tourism year, setting out a €74.6 million budget for 2026 that puts sustainability and year-round growth at the heart of government policy. Presenting the figures ...

Cyprus’ long-standing ambition to transform into a year-round tourist destination is gradually taking shape, with recent developments indicating growing momentum as hotel operators and tourism authorities align behind a shared ...

Cyprus’ property market has entered 2025 with renewed confidence and a sense of maturity. What began as a post-pandemic recovery has evolved into a steady, data-driven expansion fuelled by foreign investment, ...

The Women’s International Shipping and Trading Association (WISTA International) and BIMCO, the global trade association representing 64 per cent of the world’s tonnage, have signed a Memorandum of Understanding (...

Cyprus, one of Europe’s leading maritime nations, continues to strengthen its role in the continent’s decarbonisation drive, with Philippos Philis, CEO of Lemissoler Group and former president of ...

Paphos businesses expressed strong concern over bureaucracy, stalled development projects, and high energy costs at the annual general assembly of the Paphos Chamber of Commerce and Industry (Evel). During the ...

Cyprus’ property market has entered 2025 with renewed confidence and a sense of maturity. What began as a post-pandemic recovery has evolved into a steady, data-driven expansion fuelled by foreign investment, ...

Safe Bulkers Inc., the New York Stock Exchange-listed shipping company led by CEO Polys Hajioannou, held its 5th annual scholarship award ceremony last week, at its Limassol offices, reaffirming its ...