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Cypriot Culinary Venture: Hello Halloumi Redefines New York’s Bakery Scene

In a modest 37-square-meter space on Greenwich Avenue, entrepreneur Constantinos Papadakis introduces New Yorkers to the authentic flavors of Cypriot cuisine with the launch of his artisanal bakery, Hello Halloumi. Stationed at the crossroads of innovation and tradition, this new establishment fills a notable void in New York’s culinary landscape—from an assortment of sweet treats to a diverse range of savory offerings.

Identifying A Market Opportunity

Papadakis, a native of Nicosia, noticed a market gap where bakeries predominantly catered to sweet cravings. Drawing on his profound connection to Cypriot culture, family traditions, and a deep-rooted passion for the island’s cuisine, he successfully built a business around a signature product: halloumi cheese. “I observed that New York lacked bakeries offering savory options, and the small, bite-sized products invite customers to savor a variety of creations rather than committing to one flavor,” he explains.

A Fusion Of Experience And Heritage

Growing up in Nicosia and honed by his years in the New York restaurant industry and later in real estate investment and financing, Papadakis merged his diverse experiences to create a distinctive venture. The bakery’s menu features an array of savory bites, from fried delicacies and twist pastries to mini bagels and focaccias infused with halloumi, alongside traditional Cypriot specialties such as olive-based dishes, spanakopita, and cheese pies. Recent menu expansions include sandwiches and upcoming offerings of fresh salads.

Building A Community Around Authenticity

Central to the ethos of Hello Halloumi is not only the celebration of Cypriot culinary traditions but also the spirit of community. Papadakis’s commitment to authenticity is reflected in every detail, including a proudly displayed Protected Origin Status (P.D.O.) label that educates customers on the product’s heritage. The bakery sources its halloumi directly from a local Cypriot restaurateur, Alex, ensuring that the cheese retains its genuine quality while also supporting another small business from the island.

Overcoming Challenges And Embracing Success

While the concept of savory baked goods was readily embraced by consumers—with customers reportedly traveling hours for a taste—the initial challenge lay in convincing property owners of the potential of such an unconventional idea. “I assumed introducing halloumi would be the primary challenge, but it turned out that gaining support for the physical space was the real hurdle,” Papadakis recounts. Once these stakeholders recognized the concept, the prospects quickly aligned with his vision.

A Viral Sensation With A Strategic Edge

Hello Halloumi has already garnered significant media attention from outlets like Forbes, Eater, NBC, The London Times, and FOX, largely thanks to a savvy social media and public relations strategy. The West Village, with its vibrant community and receptive audience for culinary innovation, provided the perfect launchpad—a neighborhood Papadakis affectionately describes as his favorite.

Future Growth And Collaborative Opportunities

Looking ahead, Papadakis envisions Hello Halloumi as more than just a bakery—a platform for showcasing other Cypriot products. Future plans include collaborations with Cypriot producers of olive oil and other small-scale artisanal goods, expanding the business across neighborhoods in New York and eventually into major U.S. cities, with a long-term goal of a presence in Cyprus.

Sharing A Taste Of Home

For Constantinos Papadakis, this venture is not only a business endeavor but also a heartfelt mission to share the warmth and uniqueness of Cypriot culture with the world. “I take great pride in representing Cyprus and demonstrating what makes our cuisine so distinct. Every time someone tries halloumi for the first time, it feels like I am sharing a piece of my home,” he states.

doValue Cyprus Strengthens Market Leadership With New Astrobank Portfolio

Expanding Market Influence

Loan and real estate management firm doValue Cyprus has significantly reinforced its domestic presence in non-performing loan servicing by acquiring a new portfolio from Astrobank Public Company Limited. This development follows Astrobank’s recent transition, marked by the transfer of key operations to Alpha Bank Cyprus Limited and the subsequent surrender of its banking licence.

Strategic Acquisition And Swift Execution

Finalized on November 3, 2025, the agreement underscores a decisive strategic shift as doValue Cyprus assumes management of Astrobank’s remaining portfolio. The immediate commencement of portfolio management is a testament to the firm’s commitment to delivering specialized, resilient solutions within the non-performing loan market.

Expertise Driving Market Growth

Chief Executive Officer Varnavas Kourounas emphasized that the latest portfolio acquisition not only expands the firm’s operational footprint but also validates its credibility and deep expertise in the competitive Cypriot financial sector. The strategic move is aligned with the broader growth ambitions of the doValue Group.

Broader Market Implications

Operating as part of the international doValue Group—the largest independent loan and real estate management organization in Southern Europe—doValue Cyprus is well-positioned to leverage its newly expanded portfolio. With approximately €136 billion in assets under management, the group maintains a dominant presence across Italy, Greece, Spain, Portugal, and Cyprus. Moreover, its subsidiary, Altamira Real Estate, runs Cyprus’ largest real estate platform, managing extensive property portfolios alongside the island’s most comprehensive sales network.

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