Souzana Psara

Cyprus has formally approved the creation of a national mechanism for the control of foreign direct investments (FDI), following a cabinet decision on Wednesday. The move aims to strengthen the ...

Unemployment in Cyprus stood at 3.6 per cent in May 2025, down from 3.7 per cent in April and 4.8 per cent in May 2024, according to data released by Eurostat on Wednesday. The number ...

Cyprus’ hotel industry continues to face labour shortages despite a record year for tourism in 2024, with hoteliers urging targeted reforms to address staffing gaps and housing constraints. Speaking this week ...

Bird Aviation has signed a multi-year agreement with a leading European airline for the provision of heavy maintenance services on narrow-body aircraft, reinforcing Cyprus’ position as a regional hub for ...

Global air cargo demand rose by 2.2 per cent in May 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA). Capacity, measured ...

Banks have overtaken the government as the most influential force in Cyprus’ real estate sector, according to EY Cyprus’ latest annual survey.   As mentioned in Philenews, the market continues to ...

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 ...

The global maritime community will once again converge in Limassol this October for the Maritime Cyprus Conference 2025, a flagship event for the international shipping industry, held under the theme ‘Unlocking ...

Cypriot real estate analytics firm Ask Wire has secured third place at the 15th Innovation and Technology Competition of the NBG Business Seeds programme. Awarded for its real estate data ...

The Bank of Cyprus has achieved its 2025 real estate target months ahead of schedule, completing over €200 million in property sales within just a few weeks, including the largest transaction ever ...

The entrepreneurial spotlight turns to Cyprus this Friday, July 5, as ten local startups prepare to compete at the Startup World Cup 2025 Regional Finals, taking place at BrainRocket in Limassol. The ...

The Columbia Group is set to acquire the Secret Valley resort from Bank of Cyprus’ real estate management unit (REMU) in a deal valued at over €130 million, it emerged on ...

Cyprus recorded an 18 per cent rise in ship registrations in 2023, the highest annual increase since the Shipping Deputy Ministry’s creation in 2018, driven by expanded global services and efforts to ...

The Research and Innovation Foundation (RIF) on Monday launched a market sounding exercise to gauge interest in a potential new funding programme, ‘AI WAVE’, which is currently under consideration. The ...

The Columbia Group is set to acquire the Secret Valley resort from Bank of Cyprus’ real estate management unit (REMU) in a deal valued at over €130 million, it emerged on ...

Cyprus ranked among the top household consumers in the EU, with per capita expenditure reaching 21,879 PPS in 2024, according to a recent Eurostat survey that compared household consumption across member states ...

Cyprus saw a sharp rise in the registration of saloon passenger cars in May 2025, with the figure reaching 3,715, up 11.7 per cent compared with May 2024. This was also notably higher than ...

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for ...

The Cabinet on Wednesday approved a new €2.5 million scheme to promote the adoption of electric vehicles in Cyprus, according to Transport Minister Alexis Vafeades. He said the plan aims to ...

As the maritime world marked the Day of the Seafarer on June 25, Columbia Group chose to shine a light on one of the industry’s most pressing issues, harassment at ...

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for ...

Cypriot businesses are struggling to fill vacancies across sectors due to a growing labour shortage, according to Philokypros Rousounides, secretary general of the Cyprus Chamber of Commerce and Industry (Keve). ...

Cyprus’ upcoming assumption of the EU council presidency was brought into focus by Deputy Tourism Minister Kostas Koumis during a ministerial meeting held under the Polish presidency in Warsaw. During ...

Cyprus marked the Day of the Seafarer on June 25 with a message of gratitude and solidarity to maritime workers around the world, underlining their critical role in global trade and ...