Souzana Psara

Globeducate, one of the world’s leading K12 education groups, this week announced the acquisition of Cypriot educational group Olympion. This notable group of private Greek schools, situated near Nicosia, ...

Cypriot startup Placy has secured €1 million in pre-seed funding, according to an announcement released on Tuesday. The company provides an AI-powered virtual companion that aims to reshape how real estate ...

The Cypriot economy grew by 3.6 per cent in the second quarter of 2024, compared to the same period in 2023, according to a report released this week by the Cyprus Statistical Service (...

Cyprus’ retail sector experienced growth in July, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According to the report, the retail trade turnover value index ...

The European Researchers’ Night, under the motto “Mission Possible,” drew thousands of visitors to the Cyprus state fair on September 27, offering an insight into research, innovation, and science. Organised by ...

Cyprus’ Industrial Producer Prices Index (PPI) experienced a 0.9 per cent increase in July 2024 compared to the previous month, reaching 124.2 points, according to a report from the Cyprus Statistical Service (Cystat). ...

Here are the top business stories in Cyprus from the week starting August 26: Starting with the economic landscape, the value of Cypriot bonds held by the Eurosystem has decreased to €6.38 ...

Cyprus’ 50 priciest property transactions across Cyprus totalled a substantial €55.7 million in July, according to real estate analytics firm Ask Wire. Indicatively, the company highlighted a house in Peyia that fetched ...

Industrial production in Cyprus recorded a 6.1 per cent increase year-on-year during June 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). The Industrial Production Index reached 117.3 ...

President of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides on Thursday said that hotels on the island have had a robust tourist season in 2024. This is despite a modest decline ...

The unemployment rate in Cyprus decreased to 4.6 per cent in the second quarter of 2024, as reported on Thursday by the Cyprus Statistical Service (Cystat). This marks an improvement from the ...

State-owned asset management company Kedipes on Thursday announced that its mortgage-to-rent scheme, launched in December 2023 to protect vulnerable homeowners, has already attracted over 2,500 applications. Ahead of the scheme’s deadline ...

Brookstreet Equity Partners, a Greek-founded fund management firm, whose investment footprint includes Cyprus, this week launched a new investment platform based in London. According to an official announcement, the new ...

Total deposits in the Cypriot banking system saw a net increase of €164.7 million in July, reversing the €44.1 million decrease from June, according to a report released on Wednesday from the ...

The American University of Beirut – Mediterraneo (AUB Mediterraneo) will inaugurate its new Paphos campus on September 4, a significant milestone for its operations in Cyprus. The inaugural ceremony, scheduled for 7:00 pm ...

The Cyprus Agricultural Payments Organisation (Capo) this week announced that it has established a strategic partnership with the Eratosthenes Centre of Excellence (ECoE), which operates within the Cyprus University of ...

The Cypriot government is in the process of creating a national strategy for cruise tourism, aimed at transforming the island into a prime destination in the Eastern Mediterranean, it emerged ...

The Cyprus Consumers Association (CCA) has reported a significant uptick in complaints this summer, primarily targeting airline services, according to the association’s legal officer Virginia Christou. In addition, she ...

Limassol-based startup Correctify is aiming to transform Cyprus’ hospitality industry by revolutionising the menu creation process with its innovative AI-driven solution. Launched in 2023 by Marios Simou and his team, the ...

Demand for modern office spaces in Cyprus, particularly in Limassol, remains strong in 2024, as companies pursue energy-efficient buildings, according to a report released on Monday from property consultants Danos. The ...

Here are the top business stories in Cyprus from the week starting August 19: A total of 6.6 million passengers traveled through Cyprus’ airports between January and July this year, according to ...

The Althaia barge, a new floating cold ironing unit powered by compressed biomethane, was recently launched at Limassol port, as part of the BioCNG-to-CI project. This initiative, which took place ...

Cyprus has seen its debt-to-GDP ratio drop to 72.3 per cent, marking a substantial decrease of nearly 10 percentage points over the past year. According to a report released on Friday from ...

Hoteliers in Famagusta are optimistic that occupancy levels will be similar to those in 2023, with current rates for July and August standing at 85 to 95 per cent. Panayiotis Constantinou, President of ...