Souzana Psara

European Union banks’ direct exposure to the Middle East remains limited, with risks from the conflict more likely to emerge through indirect channels such as inflation, tighter financial conditions and ...

Cyprus recorded a wider trade deficit in the first two months of 2026, as a sharp drop in exports outpaced a decline in imports, according to foreign trade figures released by ...

The temporary truce in the Middle East and the agreement on safe passage through the Strait of Hormuz have brought some relief to hundreds of seafarers stranded in the region, ...

Energy Minister Michael Damianos on Thursday said the Eastern Mediterranean can play “a leading role in addressing the climate crisis and shaping the new energy landscape in the region”. The ...

Greek retail chain Jumbo’s sales at its Cyprus stores rose by 4 per cent in both March and the first quarter of 2026, even as the group warned that prolonged instability ...

The Cyprus International Businesses Association (CIBA) and Invest Cyprus (CIPA) have signed a memorandum of understanding aimed at strengthening Cyprus’ position as an international business and investment centre, according to ...

A temporary ceasefire in the Middle East has offered only limited relief to global shipping and oil markets, with analysts warning that the Strait of Hormuz remains open under restrictions ...

Cyprus is entering a phase of full energy transition, with the government prioritising independence from imported fossil fuels as the “only realistic option” for economic stability, Energy Minister Michalis Damianos ...

Paphos shopkeepers reported subdued Easter trading, saying that festive decorations and seasonal displays were not enough to lift footfall in the city’s upgraded shopping centre. Speaking to the Cyprus ...

Limassol’s historic shopping centre saw weaker footfall over Easter, with traders blaming poor consumer sentiment, lower tourist arrivals linked to the war in the region, and unseasonably cold, rainy ...

The International Chamber of Shipping (ICS) on Wednesday welcomed the conditional ceasefire between the US and Iran, with secretary-general Thomas Kazakos expressing hope that it would mark the start of ...

European Commissioner for Fisheries and Oceans Costas Kadis used the climate conference in Nicosia on Wednesday to warn that the climate crisis is also “an ocean crisis”. Kadis warned that “...

Cyprus used an international climate conference in Nicosia on Wednesday to call for stronger regional and international cooperation on climate change, with President Nikos Christodoulides saying the region must work ...

The Alshaya Group has acquired the operating rights for Starbucks stores in Greece and Cyprus, taking over as the new exclusive owner and manager of the business from the Marinopoulos ...

Invest Cyprus has welcomed the official launch of the Plug and Play Tech Centre in Cyprus, describing it as a development that opens a new chapter for the country’s ...

Cyprus on Tuesday launched the Plug and Play Cyprus Innovation Centre, bringing the Silicon Valley-based innovation platform to the island as part of a broader strategy to reposition the country ...

Maritime health and wellness platform OneCare Group is urging shipping companies to take proactive steps to support crew members during key moments in the year when feelings of loneliness may ...

Limassol will host this year’s European Maritime Day (EMD) on May 21 and 22, 2026, bringing together policymakers, businesses, researchers and other maritime stakeholders from across Europe for two days of talks, ...

Cyprus on Tuesday launched the Plug and Play Cyprus Innovation Centre, bringing the Silicon Valley-based innovation platform to the island as part of a broader strategy to reposition the country ...

Cyprus’ house prices rose at a faster annual pace in the fourth quarter of 2025, although they were flat compared with the previous quarter, preliminary figures from the state statistical service (...

Cyprus’ parliament this week approved legislation exempting, with retroactive effect from January 1, 2010, the remuneration of seafarers who are not permanent residents of the Republic from contributions to the social cohesion ...

Foreign ministers from more than 40 countries were updated on the International Maritime Organisation’s (IMO) response to the situation in the Strait of Hormuz during a virtual meeting hosted by ...

Five weeks after US and Israeli strikes on Iran, Tehran still holds effective control over passage through the Strait of Hormuz, allowing only limited vessel movements despite mounting international pressure ...

Here are the top business stories in Cyprus from the week starting March 30: The Famagusta district is coming under economic pressure from the fallout of the Middle East war, with ...