Souzana Psara

Advisory and consulting firm PwC this week released a report detailing that global entertainment and media (E&M) industry revenues edged towards US$3 trillion in 2024 and are forecast to ...

Tourism revenue in Cyprus climbed to €373.3 million in May 2025, according to the latest results on Wednesday from the passengers survey conducted by the statistical service (Cystat). This marks a 20.2 per ...

Cyprus-based Interorient Navigation Co. Ltd and Danship and Partners Ltd have announced a record ₹10,000 crore investment (equivalent to €989.96 million at today’s exchange rate) in India’s shipping sector, marking ...

Italian fashion icon Roberto Cavalli is making its first move into Mediterranean real estate, unveiling a €200 million collaboration with Leptos Group to launch a 30-storey beachfront tower in downtown Limassol.  ...

Despite the industry’s evolution in many aspects, representation and inclusion still have a long way to go, said Claudia Paschkewitz, Columbia Group’s director of sustainability, diversity, and inclusion. ...

The average gross monthly earnings of employees in Cyprus reached €2,509 during the first quarter of 2025, according to a report from the state statistical service released on Tuesday. This reflects a 5.4 ...

Kyndryl, the world’s largest IT infrastructure services provider with a presence in Cyprus, announced on Tuesday the launch of Kyndryl Microsoft Acceleration Hub to drive AI adoption and digital ...

The Cyprus Ports Authority (CPA) has signed a contract with firm DBA S.p.A. for the preparation of a comprehensive study on the development of an onshore power supply (...

Brussels has placed Temu under the spotlight, accusing the fast-growing e-commerce platform of breaching EU rules on illegal product listings, a charge the company has pledged to address in full ...

Rostro Group and Rostro Foundation have jointly pledged €100,000 to support humanitarian and environmental relief efforts following one of the most destructive wildfires Cyprus has seen in over 50 years. According to ...

As part of its strategic renewal, Safe Bulkers, the Limassol-based shipping company led by Polys Hajioannou, has sold the ‘Pedhoulas Leader’ for $12.5 million, marking another step in its transition to ...

Cypriot businesses that consistently violate tax laws may soon find their premises sealed for at least 48 hours under a new enforcement tool granted to the tax department, if parliament passes ...

Petroleum product sales in Cyprus rose by 10.4 per cent in June 2025 compared to the same month last year, reaching 140,669 tonnes, according to a report released by the state statistical service (...

Cypriot businesses that consistently violate tax laws may soon find their premises sealed for at least 48 hours under a new enforcement tool granted to the tax department, if parliament passes ...

Limassol-based marine fuel trading firm Island Oil has opened a new international trading office in Dubai, marking its seventh trading desk globally and strengthening its presence across key marine fuel ...

The European Union’s extension of its Emissions Trading Scheme (ETS) to shipping has sent ripples across Mediterranean ports, and even Cyprus is feeling the undercurrents.  Starting January 1, 2024, any vessel ...

Here are the top business stories in Cyprus from the week starting July 21: Sek general secreatary Andreas Matsas on Monday issued a strong defence of the Cost of Living Allowance (...

Cyprus’ industrial sector relied primarily on oil and petroleum products and electricity in 2023, which together accounted for over half of its total energy use, according to Eurostat figures released on ...

The Deputy Ministry of Shipping released the official promotional video for the Maritime Cyprus 2025 Conference, which will bring together the global shipping community in Limassol from October 6 to 8 under the ...

Vassiliko Cement Works has reported strong financial results for the first half of 2025, with revenue reaching €78.8 million, marking a significant increase from €69.1 million during the same period last year. According ...

Eurobank has retained its position as the top asset manager in Greece, according to Maria Koletta, head of sales and assistant general manager at Eurobank Asset Management Mutual Fund Management ...

XM, one of the world’s online leading financial services providers, announced the commitment of €5 million to support the recovery of areas devastated by the recent wildfires, acknowledging the scale ...

The Deputy Ministry of Tourism this week announced the launch of the nomination process for the Cyprus Hospitality Awards 2025, a national initiative that recognises and rewards excellence in the tourism ...

The environmental authority has approved the demolition of the former Nemitsas foundry in Limassol, paving the way for the construction of a new building for the Deputy Ministry of Shipping. ...