ECONOMY Construction needs 5,000 more workers. Who gets to hire them? Dorita Yiannakou The labor shortage in Cyprus’ construction industry is getting worse. Building activity is picking up, new projects are getting underway, and employers are struggling to fill skilled jobs. READ MORE
Green oasis or business hub? The fight over Nicosia’s State Fair site Locals and officials want a park, but the government has other plans. Dorita Yiannakou 20/02/2025 | BUSINESS
Sklavenitis reopens first renovated Papantoniou supermarket in Engomi After a complete overhaul, the Engomi store is the first of nine to transition to the Sklavenitis brand, with plans for ... Dorita Yiannakou 19/02/2025 | BUSINESS
Government announces minimum wage increase for hotel workers Thousands of low-wage employees to benefit from over 10% salary boost as part of broader labor market growth initiatives. ... Newsroom 19/02/2025 | BUSINESS
Cyprus court halts sale of mortgaged property Ruling sets new precedent for borrowers Newsroom 18/02/2025 | BUSINESS
Bank of Cyprus posts €508M profit for 2024 The bank's strong financial performance includes a record dividend and share buyback plan, highlighting growth and stability ... Newsroom 18/02/2025 | BUSINESS
Lidl Cyprus goes ahead with new additional financial benefits of €450,000 The company further strengthens the income of its employees while at the same time establishing the minimum wage at €1,220 ... Press Release 17/02/2025 | BUSINESS
Trump’s ‘tit-for-tat’ tariffs are trading jabs in the global market Trump targets global trade with new tariff plan Source: BBC 14/02/2025 | BUSINESS
Big US companies borrowing in Europe to save money Lower interest rates make euro debt a cheaper option than borrowing in the US. Newsroom 14/02/2025 | BUSINESS
€122M boost for Famagusta: 30 new projects announced President Christodoulides unveils major development plans to improve infrastructure, economy, and quality of life in the ... Newsroom 14/02/2025 | BUSINESS
New Bean Bar opens at the University of Nicosia Favourite flavours, moments with friends, gaming and studying at the new specially designed café Press Release 14/02/2025 | BUSINESS
ECONOMY
