Souzana Psara

Deputy Minister of Tourism, Costas Koumis feels optimistic for the next tourist season following a series of meetings he held with tour operators and airlines at the World Travel Market (...

Anyone who benefited from the previous 5 per cent VAT scheme for the purchase or construction of a main residence in Cyprus will remain covered only until June 2026, when the transitional ...

Cyprus is stepping up preparations ahead of taking over the Presidency of the Council of the European Union in the first half of 2026, with ministries and public services working at ...

Revolut has chosen Cyprus as the official centre of its European operations in digital assets, after securing a Markets in Crypto-Assets (MiCA) licence from the Cyprus Securities and Exchange Commission (...

While many European countries are still figuring out how to teach young people to think like innovators rather than employees, Cyprus already has entrepreneurship written into its national youth strategy, ...

Eurobank Limited, the new entity formed through the merger of Eurobank Cyprus and Hellenic Bank, is redefining Cyprus’ financial landscape while strengthening the island’s role as a key regional ...

Cyprus has so far received €568 million from the European Union’s Recovery and Resilience Facility (RRF), with the next disbursement expected soon, according to Finance Minister Makis Keravnos. Speaking during ...

The Cyprus Investment Funds Association (CIFA) on Tuesday released a statement recapping the 11th Cyprus International Funds Summit & Expo, including the robust discussions that took place, as well as ...

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd. This has resulted in the creation of Cyprus’ ...

The UK High Commission, in collaboration with the Deputy Ministry of Tourism, is organising a high-level conference entitled “Safeguarding Cyprus’s Tourism Industry”, which will take place on Wednesday, November 26, 2025, ...

Cyprus retail trade rose sharply in September 2025, lifted by higher consumer spending across most categories, according to figures released on Monday by the Statistical Service (Cystat). The Turnover Value Index ...

Cyprus’ Deputy Ministry of Shipping presented a slightly surplus budget for 2026, with expenditures set at €18.7 million and projected revenues of €20.3 million, during a session of the Parliamentary Finance Committee at ...

Cyprus’ shipping industry remains firmly committed to the green transition, even after the International Maritime Organisation (IMO) decided to postpone by one year discussions on the Net Zero Framework (NZF), ...

Here are the top business stories in Cyprus from the week starting October 27: The economic history of Cyprus is a tale of resilience, often defined by its agile recovery from ...

The Cyprus Real Estate Development Association welcomed the unanimous approval by the House of Representatives of the new law establishing a framework for the control of foreign direct investments (FDI), ...

Cyprus recorded a negative annual financial position of -€29.27 billion in 2024, according to the Cyprus Statistical Service (Cystat). As of December 31, 2024, total assets in financial instruments across the economy amounted ...

The Index of Industrial Output Prices in Cyprus for September 2025 reached 122.3 units, using 2021 as the base year with 100 units, according to the Statistical Service (Cystat). The index recorded a decrease ...

House energy committee chairman Kyriacos Hadjiyiannis will represent Cyprus at the Interparliamentary Conference on “Towards a Safer and More Innovative Digital Europe: Delivering on the DSA’s Promises for Citizens ...

Paphos is expected to maintain around 10,500 accommodation units in full operation between December 2025 and March 2026, despite several establishments suspending activity during the quieter winter months, according to the Paphos regional ...

Revenue from tourism in Cyprus reached €581.8 million in August 2025, according to figures released by the Cyprus Statistical Service of Cyprus (Cystat) on Thursday. This marks a 13.8 per cent increase when ...

Cyprus’ Industrial Production Index reached 91.1 units in August 2025, using 2021 as the base year set at 100 units, according to the Statistical Service (Cystat). This represented an increase of 0.8 per cent compared ...

Visitor rates at leisure centres across Cyprus surpassed 80 per cent in September and October, marking a strong start to the autumn season, according to the association of hospitality sector owners (...

Cyprus’ land market continued to gain ground in the first half of 2025, with total transactions exceeding €360 million, confirming its position as one of the strongest segments of the island’s ...

Cyprus’ unemployment rate eased to 4.9 per cent in September 2025, down from 5.1 per cent in August, with around 26,000 people registered as jobless, according to Eurostat. The figure remains well below the ...