Souzana Psara

Inditex, the group behind Zara, Stradivarius, Oysho and Massimo Dutti, closed 136 stores in the first quarter of 2025 as it accelerates a shift towards larger, more technologically advanced outlets.   The move ...

Cyprus risks losing up to €695.2 million in annual government revenue if a new proposal expands the number of companies allowed to undergo a simple financial review instead of a full ...

Cyprus residents spent a total of €2.37 billion on domestic and outbound travel in 2024, according to figures released by the Cyprus Statistical Service on Friday. Overall, 543,526 residents made at least one ...

Cyprus will stop accepting personal cheques for payments to the state from January 1, 2026, as the Treasury moves to a faster and more secure collection system. According to an announcement released ...

Loan and real estate management company doValue Cyprus on Friday announced that it has acquired a majority stake in Omnitouch Cyprus Ltd, thereby expanding its footprint in outsourced customer-support and ...

Adobe has agreed to buy Semrush for $1.9 billion, acquiring the Boston-based software platform that also operates a major office in Limassol, as the Photoshop maker moves to strengthen its marketing ...

The association of large investment projects renewed its call this week for a new deputy ministry focused on development and competitiveness. Addressing president Nikos Christodoulides, association president Andreas Demetriades said ...

Limassol-based Island Oil Holdings is moving ahead with a wide digital transformation programme centred on artificial intelligence. The group “is taking decisive steps to embed Artificial Intelligence (AI) across our ...

Cyprus will continue its efforts to modernise the way the government operates and strengthen its investment appeal, president Nikos Christodoulides pledged on Thursday. Addressing the general assembly of the association ...

Cyprus will continue its efforts to modernise the way the government operates and strengthen its investment appeal, president Nikos Christodoulides pledged on Thursday. Addressing the general assembly of the association ...

Limassol led the way in Cyprus’ high-value real estate transactions in September 2025, contributing significantly to the total of €21.3 million recorded across the island, according to real estate analytics firm Ask ...

Housing affordability pressures in Cyprus and across the EU are prompting calls for tighter controls on property purchases by third-country nationals, faster licensing and a unified housing authority, according to ...

The Human Resources Development Authority’s (Anad) budget and medium-term fiscal framework for 2026–2028 were submitted to parliament, setting out higher spending plans aimed at upgrading skills, strengthening productivity and improving ...

Aviation training ties between Cyprus and the UAE are set to deepen after Intercontinental Aviation Enterprise FZ-LLC (IAE), owner of Intercontinental Aviation Academy (IAA Global), signed a Memorandum of Understanding (...

European business leaders are in Nicosia today and tomorrow for BusinessEurope’s Council of Presidents (CoPres), hosted by the employers and industrialists federation (Oev), as Cyprus prepares for its EU ...

Kinisis Ventures Fund II (KVF II) announced this week that it has invested €400,000 in Smartline, the Netherlands-based company behind EQQU, a screenless smart bracelet designed as minimalist jewellery but equipped ...

The Cabinet on Wednesday approved a proposal from the Finance Ministry to establish a fast dispute resolution mechanism aimed at addressing delays in major public works projects. Finance Minister Makis ...

Famagusta mayor Simos Ioannou used the district’s annual business assembly this week to call for the city’s return, saying it could become “the foundation of peace and freedom”. ...

Cyprus’ effort to draw back skilled Cypriots working abroad is gaining traction, with around 500 professionals now registered on the new Minds in Cyprus platform, according to Deputy Minister to the ...

The Cyprus quarry association and the China Aggregates Association have signed a memorandum of cooperation, solidifying a joint effort to deepen ties in the aggregates sector. The agreement was concluded ...

Following a recent travel agency collapse that left 186 consumers out of pocket with minimal recoverable funds, new legislation is being drafted to strengthen compensation rules, members of parliament learned this ...

The Paphos regional tourism board (Etap) has approved an increased budget of €600,000 and a new action plan for 2026, aiming to upgrade visitor experiences and expand the region’s digital and ...

A new study by the International Air Transport Association (IATA) has shown that airports can achieve major cost savings and smoother operations by eliminating duplicated infrastructure. This efficiency, IATA explained, ...

Finance Minister Makis Keravnos has welcomed the European Commission’s autumn 2025 economic forecast, saying that the findings confirm the economy’s “steady progress, resilience and dynamics” despite geopolitical pressures. In ...