Souzana Psara

Cyprus has been ranked in the middle of the global wealth rankings for 2025 by The Economist, which placed Switzerland at the top and Burundi at the bottom in its assessment ...

The Kourion and Limassol municipalities will manage parts of their beaches this summer, adopting Ayia Napa’s model to improve services while ensuring low costs for locals and visitors, it ...

Cyprus took centre stage in a groundbreaking effort to decarbonise the shipping industry, as the island plays a key role in supporting a first-of-its-kind onboard carbon capture project. The initiative ...

Insight Enterprises and Columbia Group have signed a strategic partnership to deliver IT and OT services to the maritime sector, combining Insight’s enterprise technology expertise with Columbia’s operational ...

The Cypriot economy continues to demonstrate significant resilience and adaptability despite ongoing global uncertainty, according to Central Bank of Cyprus (CBC) governor Christodoulos Patsalides. In its June 2025 economic bulletin, the ...

Cyprus’ general government net financial worth narrowed to –€7.7 billion at the end of the first quarter of 2025, reflecting an improved fiscal position, according to Eurostat data released on Monday.  The ...

The Cyprus Stock Exchange (CSE) announced on Monday that it will remove AstroBank’s bonds from trading after the bank completed the early redemption of the securities under their original ...

Here are the top business stories in Cyprus from the week starting July 14: The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (...

Cyprus’ working life expectancy has climbed to 39 years, placing the island well above the EU average of 37.2 years in 2024, according to Eurostat data released on Friday. The figure reflects the ...

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said hotel occupancy in July ranges between 80 and 85 per cent, stating that the flow of reservations is normal for this ...

The Larnaca tourism board (Etap), in collaboration with local authorities and with the support of the Deputy Ministry of Tourism, is pressing ahead with a series of targeted interventions to ...

Cyprus has emerged as a key growth market for major Greek IT groups, which are steadily expanding their presence on the island while boosting their international reach across Europe. From ...

Property transactions on the island climbed 15 per cent in the first half of 2025, but the booming market is leaving students and families facing steep rents ahead of the academic year. “...

Tourism in Cyprus continued to strengthen in June 2025, with tourist arrivals rising 3.4 per cent year-on-year to reach 498,527, compared to 482,261 in June 2024, according to the state statistical service. For the first ...

Cyprus recorded one of the smallest declines in energy use across the EU services sector in 2023, as the bloc’s overall consumption fell by 1.9 per cent compared with the previous ...

Cyprus’ property market remained resilient in the first half of 2025, with sales documents rising 16 per cent year-on-year and the total value of property transfers approaching €2.3 billion. Paphos continued its upward ...

Greek airline Aegean is committing €4 billion to expand its fleet with 60 new aircraft by 2031, as it prepares to launch its first direct flights to India in March 2026 using long-range Airbus ...

Heightened geopolitical instability and mounting global debt levels represent key risks to Cyprus’ financial stability, according to the Central Bank of Cyprus (CBC). The CBC published its 2024 Financial Stability Report (...

Hotel sector unions on Wednesday accused employers of breaching a collective agreement signed in December, prompting Peo to say they were left with no choice but strike measures. “For months ...

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus Space Exploration Organisation (CSEO) signed a Memorandum of Understanding (MoU) on Wednesday, to strengthen innovation and link the space ...

Cyprus has been classed as a moderate innovator in the European Innovation Scoreboard (EIS) 2025, recording a 17.6 per cent improvement since 2018, the fourth highest growth in the EU over the past ...

The Ygia Group this week announced that it has completed the acquisition of Eden Medical Center, making it the largest private provider of inpatient care in Cyprus, with more than 270 ...

Limassol continues to dominate the Cyprus rental market with the highest average asking rent at €3,057 per month in July 2025, while Larnaca offers the most affordable options at €1,277, according to a ...

The Research and Innovation Foundation (RIF) has opened nominations for the 2025 Cyprus Research Awards, marking the 18th consecutive year of honouring young and distinguished scientists in Cyprus.   The awards aim ...