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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Hellenic Bank expresses support for Cyprus hospitality sector

Hellenic Bank expresses support for Cyprus hospitality sector

Hellenic Bank reaffirmed its commitment to Cyprus’ hospitality industry with its participation at the 46th Cyprus Hotel Summit and Horeca Expo in Limassol, where sector challenges and opportunities were brought to the forefront. The conference, organised by the Cyprus Hotel Association (Pasyxe), focused on innovation and growth, sending a strong message of optimism, resilience, and […]

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