Cypriot businessman Nikos Siakolas dies at age 98-99

Nikos Siakolas, a prominent Cypriot businessman and founder of the CTC Group, passed away on July 2, 2026. Reports differ on his exact age at the time of death, with some sources citing 98 and others 99. His career in the business sector began in the early 1950s and spanned over seven decades, covering both Cyprus and international markets. The CTC Group confirmed his death, noting that he served as their long-time Executive Chairman and subsequently as Honorary Lifetime President. Siakolas was recognized as one of the largest employers in Cyprus and was noted for his philanthropic contributions and support for public utility projects. Cypriot President Nikos Christodoulides and House President Annita Demetriou issued statements expressing their condolences, highlighting his significant impact on the nation's economic development. He received numerous honors in Cyprus and abroad for his professional and social contributions.