Invest Cyprus and Νicosia Municipality hold event to promote investment in the capital

Invest Cyprus and Νicosia Municipality hold event to promote investment in the capital

Invest Cyprus, in collaboration with the Municipality of Nicosia, organised a networking event titled “Why Nicosia” on 25 February, aimed at bringing together the capital’s investors and institutional stakeholders to network and exchange views. The event was a platform to showcase Nicosia’s unique selling points as a premium destination for foreign direct investment and the […]

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CySEC spotlights decade of social responsibility initiatives

CySEC spotlights decade of social responsibility initiatives

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday marked ten years of social responsibility efforts, reinforcing its commitment to community support and sustainable development. According to an announcement, the commission has implemented a number of targeted initiatives over the past decade, “aimed at strengthening social cohesion and assisting vulnerable groups”. “We do not view corporate social […]

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Invest Cyprus promotes Nicosia as business hub

Invest Cyprus promotes Nicosia as business hub

Invest Cyprus, in collaboration with the Nicosia Municipality, hosted a networking event this week titled ‘Why Nicosia’, aiming to connect investors with key institutional stakeholders. According to an announcement released on Tuesday, the event provided a platform for networking and exchanging views, reinforcing Nicosia’s position as a prime destination for foreign direct investment and corporate […]

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Superhome Centre sold for €94 million

Superhome Centre sold for €94 million

The agreement for the sale of Ermes Department Stores’ investment in Superhome Centre DIY was finalised on Monday. In a statement issued by Ermes today, following its previous announcement on January 31, 2025, the company informed shareholders and the investment community that the transaction for the disposal of its stake in Superhome Centre (DIY) Limited […]

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Marinos Stylianou: Plenty of projects underway to increase Paphos’ appeal to foreign companies

Marinos Stylianou: Plenty of projects underway to increase Paphos’ appeal to foreign companies

Attracting foreign companies to set up their headquarters in the Paphos District continues and is a longstanding policy and priority of the Paphos Chamber of Commerce and Industry, stated its Director, Marinos Stylianou. In statements to the Cyprus News Agency, Stylianou noted that Paphos, with its comparative advantages, low cost of living, airport, low crime […]

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Cyta’s revenue exceeded €400m last year

Cyta’s revenue exceeded €400m last year

The Cyprus Telecommunications authority (Cyta), recorded revenues of €415 million and an expected pre-tax profit of €59 million for 2024, chairwoman Maria Tsiakka said on Monday. Speaking at a House finance committee meeting over the authority’s 2025 budget, she highlighted Cyta’s “significant contributions” to the national economy, saying that since 2000, it has transferred over €1.27 […]

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