Souzana Psara

Here are the top business stories in Cyprus from the week starting May 6: The Easter holiday season saw a 50 per cent decline in business activity for restaurants, bars, and other ...

The future of the maritime industry is set to be a focal point at the Poseidonia 2024 World Expo, where a wide range of critical industry issues will be analysed by ...

Cyprus’ trade deficit narrowed sharply in the first quarter of this year annually, mainly reflecting the deceleration in prices and inflation, according to a report by the Cyprus Statistical Service (...

The Great Britain-Cyprus Business Association’s International Investment Conference 2024 kicked off in Limassol today, with the aim of enhancing business networking between the two countries. During the event, which will ...

Cyprus’ real estate market experienced a notable resurgence in April, rebounding from the previous dip in sales observed in March, according to the latest information provided by the Department of ...

Deloitte this week has released the results of the third edition of the Middle East Technology Fast 50, which showcases the fastest-growing technology startups in the region. This programme recognises technology ...

Cyprus’ Gross Domestic Product (GDP) is projected to rise by 2.9 per cent in 2024, according to the latest estimates released on Thursday by the Finance Ministry, which are valid up to ...

The Cyprus Statistical Service (Cystat) reported on Wednesday a considerable decrease in the number of registered unemployed for April 2024, reflecting a strengthening of the domestic labour market. According to the ...

The Cyprus Union of Shipowners (CUS) on Wednesday announced a €300,000 food donation to the people of Gaza, through the Republic of Cyprus’ Amalthea initiative. “The Cyprus Union of Shipowners decided ...

The value of Cypriot bonds held by the Eurosystem remained steady at €6.76 billion at the end of April, as the European Central Bank (ECB) persists in its effort to deleverage ...

Deputy Minister of Research Nicodemos Damianou recently addressed two investment incentives launched at the Deputy Ministry of Research, Innovation and Digital Policy, acknowledging that there is room for improvement. These ...

Hotel occupancy rates in Cyprus are expected to be lower during the upcoming summer, compared to the same period in 2023, according to the president of the hotelier’s association (Pasyxe) ...

Deputy Minister of Tourism Kostas Koumis is currently visiting the United Arab Emirates to attend the Arabian Travel Market tourism exhibition, which is taking place in Dubai. “Over the last ...

Here are the top business stories in Cyprus from the week starting April 29: The Cyprus Shipping Chamber (CSC) recently announced its support for the adoption of the Net-Zero Industry Act ...

The Research and Innovation Foundation (RIF) this week announced the launch of two new programmes, titled Excellence and Post-Doc respectively, with a total budget of €14.5 million. According to the announcement, ...

Cyprus’ retail sector experienced a significant upturn in March 2024, according to a report from the Cyprus Statistical Service (Cystat) released on Thursday. The report disclosed a 5.5 per cent increase in ...

Inflation soared to its highest level since October 2023 in April of this year, according to a report released on Thursday by the Cyprus Statistical Service (Cystat), reigniting concerns amongst consumers ...

Cyprus residents’ spending on travel abroad reached €1.39 billion in 2022, marking a significant bounce-back year for travel compared to 2021, when pandemic restrictions were still heavily impacting global mobility. According to data ...

Agriculture Minister Maria Panayiotou called for an increase in the de minimis threshold regarding state aid in agriculture to €50,000 per single enterprise during the EU Agriculture and Fisheries Council, which ...

Total sales of petroleum products in Cyprus amounted to 108,200 tonnes in March, marking a decrease of 3.2 per cent compared to the same month of the previous year, according to a ...

The Industrial Production Index in Cyprus experienced an increase of 6.7 per cent year-on-year in February, reaching 103.4 points, with 2021 acting as the base year with a value of 100 units, according to ...

Economic sentiment in Cyprus improved marginally in April, with the Economic Sentiment Indicator (ESI) increasing by 0.8 points compared to March 2024, according to a report by the University of Cyprus’ Economic ...

The cost of the top ten most expensive property sales transactions completed in March amounted to €48.1 million, with the most expensive transaction being an office building in Potamos Germasogeia in ...

Cyprus was recently given a vote of confidence at the recently held ‘Cyprus: the New Global Tech & Innovation Hub Summit’, with a panel of industry experts underscoring the country’...