Economy · Cyprus

Business leader Nikos Siakolas, founder of CTC Group, has passed away.

4 sourcesFirst reported 20 days agoUpdated 20 days ago

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Nikos Siakolas, founder of the CTC Group, passed away at the age of 98.
He served as the Executive Chairman for decades before becoming the Honorary Lifetime President of the company.
The CTC Group announced his death with great sadness on July 2, 2026.
Tributes have been shared by the board and staff of his companies, extending condolences to his family.
Siakolas was recognized as a pioneering entrepreneur with a vision and creativity throughout his career.

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Nikos K. Siakolas, the founder and long-time executive chairman of the CTC Group, has passed away at the age of 98. His death was announced by the CTC Group, which expressed profound sorrow over the loss of a pioneering entrepreneur who had a significant impact on the business world in Cyprus. Siakolas, noted for his vision and creativity, led the group for many decades and later held the title of Honorary Lifetime President.

In addition to his business achievements, Siakolas was recognized for his contributions to society. The boards and management of the CTC Group, along with its staff, extended their heartfelt condolences to his family during this difficult time. His legacy in both commerce and community service is expected to influence future generations of entrepreneurs in Cyprus and beyond.

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Business leader Nikos Siakolas, founder of CTC Group, has passed away.

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