Souzana Psara

The Union of Cypriot Pensioners (Ekysy) has announced a positive development for pensioners across the island, as legislation came into effect on January 1, ensuring a 3.89 per cent increase in the ...

In the third quarter of 2023, Cyprus experienced a notable increase in its current account deficit, reaching €517 million, compared to €399 million in the same period last year, according to preliminary data ...

Here are the top business stories in Cyprus from the week starting January 1: Mortgage-to-rent scheme a favourable arrangement, Hellenic Bank released on Tuesday a statement welcoming the recent launch of ...

The latest figures published by the Cyprus Statistical Service (CSE) on Friday, January 5, indicate a notable surge in tourism profits, witnessing an 8.3 per cent increase in October 2023, reaching €346.5 million. This ...

The economist overseeing the project for the finance ministry announced on Friday that preliminary proposals for changes to the tax law will be submitted in March 2024, following the completion of ...

Minister of Finance Makis Keravnos, has confirmed that employees in both the public and private sectors, entitled to the Cost of Living Allowance (CoLA) will receive a 2.44 per cent wage ...

Director General of the Cyprus Shipping Chamber Thomas Kazakos said that there is an urgent need to address the Houthi attacks against ships sailing through the Red Sea, stressing that ...

In a proactive move aimed at fortifying the resilience of financial institutions against evolving cyber threats, the European Central Bank (ECB) has unveiled plans for a comprehensive stress test involving 109 ...

Paphos hotels experienced a moderate occupancy rate in December, ranging between 35 and 40 per cent, according to Evripides Loizides, president of the Paphos Hoteliers’ Association (Pasyxe). Loizides also said that the ...

Cyprus’ electronics and appliance market is expected to experience additional growth in 2024, according to John Vasilakos, Vice President and CEO of Kotsovolos – Dixons South East Europe. Speaking to local news ...

Cyprus University of Technology (Tepak) rector Panayiotis Zaphiris this week announced the successful completion of the study outlining the potential establishment of a School of Marine Sciences, Technology, and Sustainable ...

Senior Recruitment Consultant at GRS Recruitment Agency, Eleni Kyriacou, spoke to SOUZANA PSARA about the talent acquisition and recruitment sector in Cyprus, sharing insightful perspectives on the country’s economic ...

The Cypriot government is expected to spend approximately €18 million on airline and travel agency incentives for the entirety of 2023, after a recent approval by the House of Representatives, as part ...

Eleftheria Voskaridou, the CEO of Blackbook Agency Ltd., has been a transformative force in Marketing and Communication, particularly in real estate and land development, and destinations targeting high-net-worth individuals. Her ...

The Cyprus Committee of Financial Literacy and Education convened for the first time at the Central Bank of Cyprus (CBC) on Tuesday, December 5, according to a statement released on Wednesday. ...

Beneath the surface of Cyprus’ workforce in 2023, beyond the stereotypes, complexities emerge among generations. Gen Z is labelled as overly sensitive, Millennials as cringe-worthy, Boomers as villains, and Gen X ...

Leading global IT services firm Kyndryl, which also has offices in Cyprus, this week released its technology sector predictions for 2024, spanning several key areas, including artificial intelligence, data governance, and ...

Aristos Philis, a Limassol native, stands at the helm of Lemissoler Navigation Company’s Strategic Development department while simultaneously holding the positions of CEO and co-founder at KeelX. Philis is ...

In a groundbreaking development reflecting the International Maritime Organisation’s (IMO) commitment to gender equality, Despina Theodosiou, a notable figure in the Cypriot shipping industry, has been honoured with the ...

In the evolving landscape of educational solutions, I.G. Perfect eClass Limited, a Paphos-based startup, stands as a notable example of success, reflecting a commitment to innovation and resilience in ...

Α Larnaca resident, owner of a residential apartment, this week sent a letter to the House Standing Committee on Internal Affairs, advocating for changes to the legal framework regulating multi-owner buildings. ...

Leading European on-demand transportation platform Bolt on Monday announced the launch of electric scooter rentals in the Greater Nicosia area. In its announcement, the company, which has over 150 million customers ...

Discounting and new products expected to propel the market towards year-on-year growth By Souzana Psara Global tablet sales reached 33 million in the third quarter of 2023, as reported by industry analysts ...

The International Air Transport Association (IATA) recently announced the continuation of a robust post-pandemic surge in passenger traffic throughout September. The momentum observed in passenger demand during this month contributes ...