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
Cyprus ended 2024 with a banking boom as loans and deposits surged Strong year-end growth sees loans rebound and deposits near €1 billion increase—setting the stage for 2025. Newsroom 30/01/2025 | BUSINESS
UK bank closures could disrupt British expats in Cyprus Lloyds, Halifax, and Bank of Scotland to shut 136 branches, making banking harder for retirees abroad. Newsroom 29/01/2025 | BUSINESS
Chinese AI startup DeepSeek shakes US tech and Wall St. DeepSeek's rapid rise and low-cost development challenge U.S. dominance in artificial intelligence, causing major market ... Newsroom 28/01/2025 | BUSINESS
Abu Dhabi’s PureHealth expands into Cyprus Cypriots can expect enhanced healthcare options as PureHealth takes control of key hospitals and clinics across the island ... Newsroom 27/01/2025 | BUSINESS
Construction permits surge in 2024 but stumble in August due to system hiccups From boom to blip: How 'Ippodamos' took a summer nap Newsroom 23/01/2025 | BUSINESS
Aegean tensions and Cyprus’ energy ambitions Recent developments highlight Eastern Mediterranean dynamics Newsroom 22/01/2025 | BUSINESS
New lending boosted by interest rates and government plans Four interest rate cuts in 2024, four more expected in 2025, and government initiatives complete the puzzle Panayiotis Rougalas 22/01/2025 | BUSINESS
Trump backs Elon Musk as potential TikTok buyer The former president suggests Musk could acquire the app as TikTok faces ongoing uncertainty in the U.S. Newsroom 22/01/2025 | BUSINESS
ECONOMY
