With profound sadness, the CTC Group announces the passing of Nikos Kyprianou Siakolas, its founder, Executive Chairman for decades, and subsequently its Honorary Chairman for Life.

A pioneering entrepreneur with vision and an inexhaustible creative spirit, he began his business career in the early 1950s and never stopped working and planning new projects until the end of his life. A workaholic, persistent, methodical, and passionately and optimistically focused on achieving his goals, he was an undisputed leader, inspiration, and mentor to his colleagues, who held him in the highest regard and esteem.

His business activities spanned a wide range, both locally and abroad, and he was one of the largest employers in Cyprus, providing jobs and opportunities for advancement to thousands of employees. At the same time, he contributed to public welfare and charitable causes.

In recognition of its business activities and social contributions, it has received a large number of significant honors from Cyprus and other countries.

The Boards of Directors, management, and staff of all CTC Group companies express their sincere condolences, sympathy, and support to his family.

The CTC Group continues its business operations, guided by the values that Nikos Siakolas bequeathed to it.