Souzana Psara

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 ...

Labour Minister Marinos Moushiouttas on Friday presented the government’s support plan for the hotel industry, following a morning meeting with hotel associations and trade unions, as authorities moved to ...

Officials signed an agreement on Thursday to construct a new building for the Cyprus University of Technology (Tepak) in Larnaca. The project will house the School of Marine Sciences, Technology ...

At a time when the Eastern Mediterranean and the Middle East are experiencing profound instability and human suffering, the gravity of ongoing events cannot and must not be overlooked. At ...

Cyprus recorded a 4.1 per cent annual increase in its industrial turnover index in January 2026, according to figures released on Friday by the Cyprus statistical service (Cystat), with manufacturing, electricity and ...

The Famagusta district is opening the tourist season under clear pressure, with the flow of new hotel bookings down 40 per cent from the same period last year and occupancy at ...

Parliament has approved a bill aimed at strengthening worker protection, requiring employers to provide health and safety training from an employee’s first day at work and to keep staff ...

Cyprus hoteliers are facing a difficult Easter period, with cancellations in March and April rising sharply after the outbreak of fighting in the region, although bookings for the rest of ...

Columbia Group CEO Mark O’Neil has questioned whether the shipping industry is heading for a wider crewing shortage, as conflict in the Middle East, fuel disruption in the Philippines ...

Employers’ federation Oev warned this week that the economic fallout from the Middle East crisis could prove greater than initially expected, as Finance Minister Makis Keravnos said it was too ...

Eurobank on Thursday announced that it recently secured two major distinctions at the Euromoney Private Banking Awards 2026, reinforcing its position in Cyprus’ private banking sector. The bank received the awards ...

Another tanker belonging to Greece-based shipping firm Dynacom has been confirmed to have exited the Middle East Gulf through the Strait of Hormuz, but vessel traffic through the chokepoint remained ...

Cyprus’ labour inspection department will run a special inspection campaign in hotels, restaurants and ready-to-eat food distribution premises from April to October 2026, as authorities step up checks on workplace safety ...

Cyprus Gender Equality Commissioner Josie Christodoulou called for more accountable and action-centred leadership in the energy sector during EGYPES 2026 in Cairo this week, telling a regional forum that women’s ...

The association of Cyprus tourist enterprises (Stek) and the hoteliers’ association (Pasyxe) on Thursday voiced strong opposition to a proposed law on the establishment and operation of recreational areas, warning ...

Limassol-based UW Group, one of the world’s leading shipping representatives, has expressed deep concern and disappointment following the vandalism of the sculpture “Fellow Travellers”, which was donated to the ...

Cyprus Trading Corporation Plc is moving ahead with a mandatory public takeover bid for Ermes Department Stores Plc, after increasing its stake in the company through the purchase of 17.5 million ...

Cyprus used its participation in the European Maritime Skills Forum in Brussels this week to push for stronger maritime education and workforce development, as the country continues to place seafarers ...

The economy of the Famagusta district is coming under growing strain from the fallout of developments in the Middle East, with Paralimni-Deryneia mayor Giorgos Nikolettos warning that the new tourist ...

International airfreight rates surged by as much as 95 per cent between February and March, as reduced cargo capacity and higher fuel prices linked to the Iran war pushed prices closer ...

A renewed threat to commercial shipping in the Red Sea and Gulf of Aden is adding to wider fears over a deepening global energy and trade shock, with separate assessments ...

Artificial intelligence is becoming more deeply embedded in both boardroom strategy and daily operations across shipping, and Island Oil Holdings chief technology officer Gregoris Gregoriou believes its real value lies ...

Cyprus’ efforts to strengthen its appeal as an international business and investment centre received backing from the Cyprus International Business Association (CIBA), whose board met President Nikos Christodoulides this week ...