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Cyta Appoints Seasoned Strategist To Propel Digital Transformation

New Leadership At Cyta

Cyta, the prominent telecommunications provider, has taken a definitive step forward by appointing George Metzakis as its new Chief Executive Officer, effective immediately. This strategic decision marks a pivotal moment in the company’s evolution toward enhanced growth and digital innovation.

Seamless Transition And Proven Expertise

George Metzakis, who officially assumed the role on May 8, 2026, brings his longstanding experience from a previous tenure as Chief Commercial Officer at Cyta since 2023. He was instrumental as co-acting Deputy CEO starting September 2025, ensuring operational continuity and propelling strategic initiatives in competitive market environments.

Driving Strategic Initiatives Across The Board

Throughout his career, Metzakis has held key leadership roles in marketing, sales, revenue growth, and customer experience management within the telecommunications sector, both in Cyprus and internationally. His tenure at Cyta was marked by the successful implementation of customer-focused strategies that substantially strengthened the provider’s mobile and broadband services.

A Vision For Continued Growth

Under his commercial leadership, Cyta advanced digital projects designed to enhance customer experiences while solidifying the organization’s public engagement. Metzakis’ appointment is a testament to Cyta’s confidence in a leader who combines clear strategic vision, deep market knowledge, and an exemplary record of execution.

Looking To The Future

As Cyta moves forward with its operational plan, the focus remains on service development and creating tangible value for the Cypriot society and broader economy. With Metzakis at the helm, the organization is poised to navigate the challenges of a rapidly evolving digital landscape, ensuring continued growth and competitive excellence.

Athens And Nicosia Still Offer Some Of Europe’s Most Affordable Apartments, Despite Rising Prices

Housing costs in Nicosia remain well below those in most western European capitals, according to new data from Global Property Guide, highlighting the wide gap in residential property prices across Europe.

Nicosia And Athens Remain Among Europe’s More Affordable Capitals

The latest figures from Global Property Guide, which tracks residential property markets across 88 countries, show that both Nicosia and Athens remain among Europe’s more affordable capital cities, despite years of steady price growth.

In Cyprus, the median asking price for a one-bedroom apartment in Nicosia stands at €145,000. Two-bedroom apartments are priced at €205,000, while three-bedroom homes reach €280,000.

That places Nicosia slightly above Athens in the one-bedroom category, where the Greek capital records a median asking price of €135,000. For two-bedroom and three-bedroom apartments, however, prices are identical in both cities at €205,000 and €280,000, respectively.

Western Europe Commands A Premium

Athens also remains relatively affordable by European standards. Median asking prices for one-bedroom apartments reach €174,000 in Warsaw, €240,000 in Madrid, €310,000 in Milan and €325,000 in Berlin.

The gap is even more pronounced in Western Europe, where one-bedroom apartments cost around €440,000 in both Paris and Lisbon, more than three times the price seen in Athens.

The difference becomes even greater for larger homes. A three-bedroom apartment carries a median asking price of €280,000 in both Athens and Nicosia, compared with €685,000 in Lisbon, €690,000 in Milan, €845,000 in Berlin and €1.08 million in Paris.

For two-bedroom apartments, the contrast is equally striking. While homes are priced at €205,000 in Athens and Nicosia, equivalent properties cost €380,000 in Madrid, €455,000 in Milan, €527,000 in Berlin, €620,000 in Lisbon and €695,000 in Paris.

Europe’s Most Expensive Property Markets

Global Property Guide’s data also highlights the wide variation in residential property prices across Europe.

Zurich is the continent’s most expensive market for a one-bedroom apartment, with a median asking price of €1.151 million. It is followed by Luxembourg (€669,000), Copenhagen (€601,000), Munich (€548,000) and London (€522,000), while Paris and Lisbon are both priced at around €440,000.

The Most Affordable Cities

At the other end of the market, the lowest asking prices are concentrated in south-eastern and eastern Europe. Median asking prices for a one-bedroom apartment stand at €125,000 in Riga, €118,000 in Podgorica, €110,000 in Bucharest, €103,000 in Sarajevo and €79,000 in Chisinau.

According to the report, Skopje is Europe’s most affordable capital for one-bedroom apartments, with a median asking price of just €55,000.

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