Souzana Psara

Fraudulent payment transactions in Cyprus surged by 30 per cent in volume and 66 per cent in value in the first half of 2025, although they remain below euro area averages in relative ...

Since the steam engine era, society has progressed through the technological and digital revolutions. Today, Industry 4.0 offers near-limitless access to knowledge and a vast network of connected devices, while products ...

Cyprus-linked shipping company Safe Bulkers, Inc. announced it has entered into an agreement for the sale of the MV Michalis H, a 2012 Chinese-built Capesize class dry-bulk vessel, at a gross ...

Hotel bookings during the 3-day carnival weekend are encouraging and demand for the Green Monday holiday appears similarly strong, according to Cyprus Hotel Association (Pasyxe) director Christos Angelides. Angelides told ...

Road freight transport recorded an increase both within Cyprus and in traffic from and to Cyprus during the third quarter of 2025, according to the state statistical service (Cystat). Specifically, the ...

Cyprus’ market for newly built residential property exceeded €2.5 billion in 2025, with apartments accounting for more than eight in ten transactions, according to a report from Landbank Analytics. The firm, which ...

The Cyprus Union of Shipowners (CUS) inaugurated its new offices during a consecration ceremony attended by Shipping Deputy Minister Marina Hadjimanolis, marking a new chapter for one of the island’...

Cypriot business organisations expressed sorrow over the death of prominent entrepreneur Constantinos Shiacolas, describing him as one of the most distinguished figures in the country’s construction and investment sectors. ...

Here are the top business stories in Cyprus from the week starting February 9 : Shipping Deputy Minister Marina Hadjimanolis carried out a working visit to Athens and Alexandria between February 4 and 9, ...

Cyprus has approved a new National Tourism Strategy to 2035, targeting 5 million visitors while upgrading quality and ensuring development respects sustainable principles, Deputy Tourism Minister Kostas Koumis said on Friday after ...

Cyprus’ economy recorded stronger growth in the fourth quarter of 2025, with new national and European data confirming that the country continued to outperform the wider region. According to a flash ...

Cyprus’ house energy committee is examining revised opening hours for recreation centres, as part of a government bill aimed at modernising the catering sector and strengthening the competitiveness of the ...

Building activity in Cyprus continued to strengthen in October 2025, according to data released on Friday by the state statistical service (Cystat). A total of 855 building permits were authorised during the ...

The Cyprus Information Technology Enterprises Association (CITEA) on Friday expressed satisfaction with the initiative to restore Sopaz and the wider revitalisation plans for the area. CITEA’s president George Malekkos ...

Cyprus has reaffirmed its commitment to gender equality in science, technology and innovation, describing it as a cornerstone of socio-economic development. Speaking at the 11th Assembly of the Royal Academy ...

The cruise industry can become a key driver of growth for the Cypriot economy, provided it operates with sustainable practices and respect for the city, DP World Limassol CEO Simon ...

There are no plans at present to impose water supply cuts on hotel units or industrial facilities, either in Limassol or nationwide, the director of the Water Development Department (WDD), ...

Airports and airlines warned the European Commission that the rollout of the Schengen Entry/Exit System (EES) is already causing significant delays at border control, with waiting times reaching up ...

Cyprus’ tax reform has revised rates and deductions and also substantially raised financial penalties, with the changes entering into force on January 1. According to Philenews, the objective is to make ...

Aegean Airlines will resume flights between Paphos and Athens, adding three weekly services from July 3, 2026, according to an announcement by the Paphos regional tourism board (Etap). The decision was discussed ...

Cyprus’ tax reform has revised rates and deductions and also substantially raised financial penalties, with the changes entering into force on January 1. According to Philenews, the objective is to make ...

A new strategic partnership is set to upgrade the private travel experience within Greece, as Zela Jet, owned by Cypriot entrepreneur Andreas Christodoulides, announces its collaboration with Fly Cycladic, one ...

President Nikos Christodoulides has referred back to parliament the law allowing hotels and tourist accommodation to operate for up to five years under a special permit, citing violations of the ...

The forex market requires strong emphasis on investor protection, proper information and cultivation of financial literacy, Finance Minister Makis Keravnos said on Wednesday. At the same time, Cyprus Securities and ...