Souzana Psara

Here are the top business stories in Cyprus from the week starting September 1: Chief Scientist Demetris Skourides recently carried out an introductory visit to the SOZO Brain Center in Cyprus, ...

Employment in Cyprus rose by 1.8 per cent in the second quarter of 2025 compared to the same period in 2024.  According to provisional estimates released by the Statistical Service (Cystat) on Friday, ...

Cyview is moving forward with yet another major step in land and real estate development, dynamically expanding its activity in the wider Nicosia area. According to the statement, the company ...

Cyprus’ Shipping Deputy Minister Marina Hadjimanolis paid an official visit to Jeddah on September 3 and 4, at the invitation of Saudi Arabia’s Minister of Transport and Supply Chain, Saleh bin ...

The Cyprus Development Bank (CDB bank) on Thursday issued a clarification regarding media reports suggesting that the company may be the subject of an acquisition. “There is nothing specific to ...

Etek, Cyprus’ scientific and technical chamber is implementing its participatory budget for a fifth consecutive year, allocating €100,000 in the 2025 budget to fund projects and actions proposed by its members. Each ...

Non-profit organisation TechIsland on Thursday announced that it has distributed 615 air purifiers to households in wildfire-hit villages in Cyprus, as part of the collective programme announced in July in response ...

Greek retailer Jumbo posted an 8 per cent year-on-year increase in sales for the January–August 2025 period, as August maintained the group’s upward across all markets despite inflationary pressures, higher ...

Cyprus is on track to surpass last year’s record tourism revenues and arrivals, after posting the strongest growth among its Euro-Mediterranean peers in the first half of 2025. The statistical ...

Nicosia is pressing ahead with two major projects, the future of the old state fair grounds and the Sopaz redevelopment. According to a report from Philenews, the municipality is treating ...

The Cypriot government has approved an additional €12 million for an affordable housing project in Strovolos, the Interior Ministry said this week. The scheme, to be carried out by the Cyprus ...

Bank employees’ union Etyk has issued a circular addressing growing speculation surrounding a potential takeover of the Cyprus Development Bank (CDB bank), stressing that it is monitoring developments closely. Etyk ...

Cyprus’ Shipping Deputy Minister Marina Hadjimanolis took part in a ministerial panel at the 2nd Sustainable Maritime Industry Conference (SMIC) in Jeddah, Saudi Arabia, addressing global leaders on ‘Resilience, Cooperation, ...

The number of registered unemployed persons in Cyprus stood at 11,556 at the end of August 2025, according to data released on Wednesday by the Statistical Service (Cystat).  On a seasonally adjusted ...

Revenue from tourism in Cyprus rose by 9.6 per cent in June 2025, reaching €422.3 million compared with €385.2 million in the same month last year, according to the state statistical service (Cystat).  For ...

Cyprus will introduce financial literacy in primary schools from September 2025, using a children’s fairy tale to teach sixth graders the basics of money management.  The book, ‘70 Interest and a ...

Cyprus-based Columbia Group has launched a joint venture in Egypt with Pan Marine Shipping Services, opening an official office to expand shipmanagement, training and energy solutions in a key maritime ...

Cyprus’ property market kept its upward course in the first eight months of 2025, with sales documents climbing 13 per cent year-on-year despite a marginal dip in August.  According to the Department ...

Cyprus is moving ahead with plans to establish a national mechanism for screening foreign direct investment (FDI), with the revised bill gaining broad support in a meeting by the House ...

The summer of 2025 left the dry bulk freight market moving at two speeds, with large Capesize vessels again weighed down by volatility while Panamax, Supramax and Handysize ships closed August ...

Cyprus’ overdue tax debts rose to €4.05 billion in the first quarter of 2025, nearly €1 billion higher than the same period of 2024, according to the quarterly progress report submitted by the Tax ...

Ermes Department Stores Plc has completed the transfer of its ERA department store operations to Nicosia-based Gencom Ltd for a nominal sum of €1, the company confirmed following its May 9 announcement.  ...

Cyprus is moving ahead with plans to establish a national mechanism for screening foreign direct investment (FDI), with the revised bill gaining broad support in a meeting by the House ...

MPs on Monday wrapped up discussion of a bill to privatise the Cyprus Stock Exchange, aiming to pass the legislation by the end of the month. Established in 1993, the CSE ...