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
Fired Paphos-Polis road contractor wants €35 million payout Government and Greek contractor Intrakat clash over project delays, funding disputes, and multi-million-euro compensation ... Newsroom 13/11/2024 | BUSINESS
Yet another contractor gets axed over major project delays Latest termination involves Liopetri fishing shelter project after prolonged setbacks and unmet deadlines Newsroom 12/11/2024 | BUSINESS
Sklavenitis expands in Cyprus, shaking up the supermarket scene With Papantoniou now under its wing, Sklavenitis sets off a fresh wave of competition as supermarkets scramble to meet Cypriot ... Newsroom 12/11/2024 | BUSINESS
Cyprus cracks down on prolonged standing in workplaces Nationwide inspections focus on retail and hospitality sectors to ensure compliance with new labor regulations Newsroom 11/11/2024 | BUSINESS
Cyprus GDP and living standards improve, but challenges remain GDP per capita reaches 95% of EU average, while inflation and income inequality remain concerns for the island nation Newsroom 11/11/2024 | BUSINESS
Cyprus trade deficit drops by €1.18 billion as imports and exports decline Lower gap offers potential economic benefits but raises concerns over export slowdown Newsroom 11/11/2024 | BUSINESS
Hellenic Bank and employer's union settle long-running dispute Deal unifies workforce and paves the way for future negotiations, ending months of tension Newsroom 11/11/2024 | BUSINESS
Cyprus fires contractor on stalled Pafos-Polis motorway project Public works department to re-tender contract after delays, disputes over project quality and timeline Newsroom 11/11/2024 | BUSINESS
Coffee Island enters India, sets sights on multinational growth Greek coffee chain expands into India and Egypt, with plans for global growth and new production facilities. Newsroom 07/11/2024 | BUSINESS
ECONOMY
