On Friday, July 4, 2025, Karma Group celebrated 40 years of continuous presence and contribution in land development, construction, property management, and hospitality, with a grand anniversary event held at the Ayia Napa Marina.
Marking four decades of success and the active involvement of the second generation, Karma Group expressed heartfelt gratitude to its partners and clients for their trust and unwavering support throughout the years.
Among the distinguished guests were the Deputy Minister of Tourism, Mr. Kostas Koumis, the President of the Famagusta Tourism Board, Mr. Yiannos Karousos, as well as the Mayors of Paralimni, Deryneia, and Ayia Napa, Mr. Giorgos Nikolettos and Mr. Christos Zannettos respectively. In their addresses, they praised the Group’s longstanding, multifaceted, and meaningful contribution to the development of the Famagusta region, noting that many of Karma’s projects have become modern landmarks, adding value to the area.
In his speech, the Group’s CEO, Mr. Nikolas Karoullas, emphasized that Karma’s strength and success are built on the values and vision of its founders—the late Pambos Karoullas and Mr. Pieros Markoullis. With principles such as integrity, dedication, and uncompromising construction quality, the Group has built relationships of trust with clients and collaborators, gradually transforming into a true family.
Referring to the Group’s journey following the 2013 financial crisis, he noted that Karma embraced a new growth strategy by investing in sustainable and eco-friendly projects in the Famagusta region. He also highlighted the Group’s significant expansion into the Limassol and Nicosia districts. Concluding, he underlined that what continues to define Karma’s philosophy is its human-centered approach at every level of operation—perfectly captured in the Group’s motto: “Home is where your Karma is.”
The evening concluded with a spectacular musical performance featuring Giorgos Tsalikis and Emily Charalambous, offering guests an emotional and joyful celebration filled with pride and optimism for the future.
