Souzana Psara

The total amount of loans held by credit acquisition companies in Cyprus stood at €20.3 billion at the end of 2024, down from €21 billion at the end of the first half of ...

Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year. Developments in Limassol and Larnaca were the primary driver behind this surge. ...

The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the ...

Paphos and Famagusta have experienced the steepest increases in house prices in Cyprus, according to the Central Bank of Cyprus’ third-quarter report for 2024. In contrast, Limassol and Nicosia are experiencing ...

Cyprus has one of the lowest rates of online shopping complaints in the European Union, as only 14.7 per cent of its consumers reported issues, according to data released by Eurostat ...

Cyprus’ tourism ministry this week launched the application process for a grant scheme aiming to enhance the qualitative and aesthetic appeal of Cyprus’ beaches. This initiative, according to the ministry, ...

Bernhard Schulte Shipmanagement (BSM), a third-party ship manager headquartered in Limassol, has successfully completed the Diversity@Sea project after a 10-month project phase. This initiative, a global effort by the ‘...

Hong Kong investor Balram Chainrai has increased his stake in Agros Development Company ‘Proodos’ Public Ltd to 87.85 per cent, the owner of Rodon Hotel, following the successful completion of his ...

Cyprus’ government employment increased by 599 people in February 2025, a rise of 1.1 per cent, compared to February 2024, reaching a total of 55,296 employees. According to the state statistical service, this growth was ...

Greek retail chain Jumbo Group on Tuesday reported a significant increase in store sales across Cyprus and Greece for February 2025. Specifically, the company announced that it achieved a 27 per cent ...

The Association of Large Investment Projects on Tuesday released a statement commenting on the scarcity of affordable housing, delving into the ramifications this issue poses. The association explained that that ...

Nearly 60 per cent of homes in the mortgage-to-rent scheme lack the necessary certificate of final approval, prompting urgent discussions by the House finance committee. The committee discussed on Monday whether ...

The European Union has taken a significant step towards ensuring affordable, efficient, and clean energy for its citizens through its newly announced Action Plan for Affordable Energy. The plan, revealed ...

Vehicle registrations in Cyprus saw a significant decrease in February 2025, with total registrations dropping 13.6 per cent to 3,757, down from 4,346 in February 2024, according to Monday’s report from the statistical service. ...

The presidency on Monday announced that the government’s target for full employment was achieved within the first two years of its term, something it described as an important milestone. ...

Out of 741 tourist units preparing to reopen in Cyprus, only 100 have secured a licence, accounting for just 13.5 per cent of the total. According to data from the Deputy Ministry of ...

Here are the top business stories in Cyprus from the week starting March 3: The Cyprus International Businesses Association (CIBA) is currently analysing the proposed tax reform, according to an official ...

Deputy Minister of Research Nicodemos Damianou on Friday stressed the importance of investing in artificial intelligence (AI) at the Demystifying and Unleashing AI conference in Nicosia. Highlighting AI’s potential ...

The Deputy Ministry of Tourism has expressed satisfaction with its participation at the ITB Berlin tourism conference this week, where minister Kostas Koumis led the Cypriot delegation. According to an ...

The House on Thursday afternoon passed the National Betting Authority (NBA) and e-health authority budgets for the fiscal year 2025. The NBA’s budget, approved by 36 MPs, projects total expenditures to ...

The Bank of Cyprus on Thursday announced that it has received the Quality Recognition Award from global financial services firm JP Morgan Chase. The award, which the Bank of Cyprus ...

Deputy Minister of Research Nicodemos Damianou has called for increased public funding and private investments in cybersecurity for small and medium enterprises (SMEs), during an informal EU telecommunications ministers’ meeting. ...

Cyprus’ Larnaca and Paphos airports achieved a milestone in passenger traffic during February, surpassing half a million passengers, according to the Transport Ministry. Specifically, the two airports welcomed a total ...

The House is set to vote on Thursday afternoon on the National Betting Authority (NBA) budget law of 2025. The proposed budget aims to establish a surplus of approximately €514,000 by allocating €55,602,239 ...