Souzana Psara

Here are the top business stories in Cyprus from the week starting February 10: Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to ...

Cyprus’ economy grew, albeit at a slower pace, during the fourth quarter of 2024, with GDP increasing by 2.6 per cent compared to the same quarter of the previous year. According to ...

President Nikos Christodoulides this week announced a €122 million initiative designed to significantly enhance infrastructure and public services throughout the Famagusta district. The president outlined the details of this plan, wihch ...

Hong Kong investor Balram Chanrai is steadily increasing his ownership of Agros Development Company ‘Proodos’ Public Ltd, which owns the Rodon hotel in Agros. Based on the announcements on the ...

Cyprus’ Deputy Minister of Innovation, Nicodemos Damianou, and UAE Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar Sultan Al Olama, have signed a Memorandum of ...

A number of maritime and shipping organisations are becoming increasingly concerned with issues related to seafarer safety, according to a number of discussions at the recently held Capital Link Forum. ...

One Plus Capital (OPC) recently hosted the Investment Edge 2025 conference in Cyprus, focusing on strategic investment management and macroeconomic analysis to bolster decision-making and promote flexibility in an ever-evolving market. ...

The European Investment Bank group’s (EIB) latest investment survey reports that 81 per cent of Cypriot companies are engaged in global trade, significantly outperforming the EU average of 63 per cent. ...

The environment department has given approval for a €55 million project to convert an existing tourist apartment complex into a 480-bed, 4-star hotel in Polis Chrysochous, it emerged on Wednesday. In ...

Cyprus is not immediately affected by the tariffs imposed by US president Donald Trump, but the risk of inflationary pressures on the country remains, Finance Minister Makis Keravnos said on ...

Limassol continued to lead Cyprus’ high-value real estate market in 2024, accounting for eight of the ten most expensive property transactions, with a total value of €176.8 million, according to real estate ...

Greek retail chain Jumbo Group has reported a 3 per cent increase in January sales for its stores in Cyprus, according to recent data shared by the company. This growth comes ...

Central banks safeguard financial stability and inflation while also driving Europe’s innovation, according to Costas Papadopoulos, executive director at Cypriot fintech Moneygate. He explained that “by ensuring a stable ...

Vehicle registrations in Cyprus fell by 3.9 per cent in January 2025, reaching 4,077 compared to 4,243 in the same month last year, according to a report from the statistical service. Passenger saloon car ...

Cyprus’ trade deficit for 2024 stood at €8.13 billion, improving from €8.47 billion in 2023, according to provisional data from the statistical service. This came despite a sharp increase in total imports of goods ...

Here are the top business stories in Cyprus from the week starting February 3: Non-profit social venture and think tank CyprusInno, powered by SocialTech Lab, has successfully concluded the 2024 Academy for ...

Deputy Shipping Minister Marina Hadjimanolis visited Doha from February 4 to 6, in a move to strengthen maritime ties, according to an announcement released on Friday. Invited by Qatar’s Minister of ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides praised the resilience of Cyprus’ economy in the face of global challenges on Thursday, during a monthly meeting of the Cyprus Shipping ...

TechIsland, Cyprus’ largest tech association announced, as per the latest announcement, that payabl., a foremost European financial technology provider, will now serve as the Exclusive Community Partner of the TechIsland ...

Despite the US threatening to impose new tariffs on European goods, Cyprus’ trade seems minimally affected at present, with exports to the US at €50 million and imports at €220 million. “At ...

The environment department has officially approved the expansion plans for both the Larnaca and Paphos international airports, it emerged on Thursday. The approval follows an agreement signed on December 23, 2024, extending ...

Cyprus’ real estate market kicked off the new year with a 21 per cent increase in property sales, compared to the same month last year, primarily driven by Limassol’s record-breaking ...

Eurobank Cyprus has renewed its cooperation agreement with Cyprus Seeds, a non-profit organisation focused on the commercialisation of innovative academic research. This is the sixth consecutive year of Eurobank supporting ...

Energy Minister George Papanastasiou is at the forefront of government initiatives designed to strengthen support for small and medium-sized enterprises (SMEs). These initiatives primarily focus on enhancing their access to ...