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Multi-Million Euro Deal In Paphos: Old American Academy Transformed Into British-Owned Educational Institution

In a significant development for Cyprus’ educational landscape, the historic American Academy in Paphos has been sold and will be transformed into a British-owned educational institution. This multi-million euro deal marks a pivotal moment for the local education sector, promising to elevate the standards and reputation of Paphos as a hub for high-quality international education.

The American Academy, a landmark institution in Paphos, has long been revered for its commitment to academic excellence and community service. Its transformation under British ownership is set to introduce a new era of educational innovation and international collaboration. The acquisition by British interests underscores the growing appeal of Cyprus as a destination for international education investment, driven by its strategic location, favourable climate, and robust educational framework.

The new British educational institution will benefit from substantial investments aimed at upgrading and expanding the existing infrastructure. These enhancements will include state-of-the-art classrooms, modern science laboratories, advanced sports facilities, and comprehensive digital learning environments. The focus will be on creating a holistic educational experience that combines academic rigour with extracurricular development, ensuring that students are well-prepared for the challenges of the globalised world.

The institution will offer a diverse curriculum designed to meet international standards, providing students with opportunities to pursue the International Baccalaureate (IB), A-Levels, and other globally recognised qualifications. This curriculum will not only attract local students but also appeal to the expatriate community and international students seeking high-quality education in a supportive and multicultural environment.

One of the key aspects of this transformation is the emphasis on fostering strong ties between the educational institution and the local community. The British owners are committed to maintaining the legacy of the American Academy by continuing its tradition of community engagement and social responsibility. This includes partnerships with local businesses, cultural organisations, and government bodies to promote educational initiatives and community development projects.

The investment in the Paphos educational sector is expected to have a broader economic impact, generating employment opportunities for local educators, administrative staff, and support services. It will also attract families and professionals to the region, boosting the local economy and contributing to the socio-economic development of Paphos.

Furthermore, the presence of a high-calibre British educational institution in Paphos will enhance the city’s reputation as a centre for academic excellence and innovation. It will draw international attention, positioning Paphos as a competitive destination for educational tourism. This is particularly significant in the context of the global education market, where parents and students are increasingly seeking schools that offer a blend of rigorous academics, cultural exposure, and holistic development.

The transformation of the American Academy into a British-owned institution reflects the broader trends of globalisation and international collaboration in education. It signifies a commitment to providing students with a world-class education that equips them with the skills, knowledge, and values necessary to thrive in a rapidly changing world.

AI In Practice To Bring Business Leaders To Nicosia For Practical AI Conversations

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Overview

AI in Practice: Changing the Future of Business will take place on Monday, 19 October 2026, at European University Cyprus in Nicosia, bringing founders, business owners, CEOs and senior executives together for an evening focused on practical conversations around artificial intelligence.

The event is organised by Panis.News in collaboration with GrantXpert Consulting and Future Skills Hub at European University Cyprus.

Rather than focusing only on which AI tool to buy, the evening will explore a more pressing question: what problem is AI meant to solve inside a business? The discussion will look at questions such as where teams lose time, where useful customer information is lost across disconnected systems, and where AI could help test new services or improve existing processes.

What To Expect

The programme will approach the subject from three directions: why AI matters, how business problems can become the starting point for AI adoption, and how leaders should think about the future of their companies.

Monica Odysseos, Head of the AI and Data Lab at Grant Thornton Cyprus, will open with a session on why business leaders should care about AI. Her presentation will explore how AI is changing the way people work, make decisions, and create, drawing on her background in software development, accounting and applied AI.

George Malekkos, CEO of POWERSOFT Computer Solutions and President of CITEA, will examine how business problems can become the starting point for AI adoption. His presentation will look at selecting useful applications, preparing teams and processes, and measuring results.

Paris Thomas, Executive Advisor on AI and Strategy of Fortune 500 companies, will deliver the keynote “AI and the Future of Business: Will Your Business Be Here in 2030?” His session will include live AI demonstrations and enterprise case studies, exploring how leaders can improve their current business while developing new opportunities and preparing for longer-term change.

Programme Highlights

The event will also include a welcome note from Cyprus Chief Scientist Demetris Skourides, followed later by a Q&A with the speakers. The conversation will continue over drinks and bites, with time for attendees to meet the speakers and connect with other participants.

Who Should Attend

The event is designed for business leaders responsible for their company’s next steps, including founders, business owners, CEOs, and senior executives. The focus is on helping them ask better questions about AI and consider where it could improve current operations, create new opportunities, and support longer-term change.

Date, Time And Venue

Date: Monday, 19 October 2026
Time: 18:00–22:30, Cyprus time
Venue: European University Cyprus, Nicosia

Registration begins at 18:00, with the programme starting at 18:30.

How To Register

Exclusive to the Future Media readers, get 30% off ticket price with code: “voucher 30”.

Attendees can view the programme and reserve their place through the event page:
https://luma.com/ai-in-practice-cyprus

Partners

The event is organised by Panis.News, in collaboration with GrantXpert Consulting and Future Skills Hub at European University Cyprus. Silver sponsors include Growth Hacking Cyprus, RSEVEN and Mel’s Digital. Supporters include Cyprus Computer Society, XValley Tech, Business Society Accelerator and Startup School Cyprus, while community partners include EIT Community Hub Cyprus, CYENS, Women in Tech, Startup Greece and ECECT.

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