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
US sanctions target Russian-Cypriot connections Penalties expand to include individuals and entities tied to Cyprus amid escalated pressure on Moscow Newsroom 13/06/2024 | BUSINESS
CBC chief warns: Tax on big profits could hurt economy Christodoulos Patsalides urges financial reforms and careful planning, instead of windfall tax on banks Newsroom 12/06/2024 | BUSINESS
Eurobank increases stake in Hellenic Bank to 55.48% Latest acquisition of 240,303 shares for €0.62 million boosts holdings Source: CNA 12/06/2024 | BUSINESS
EU to impose up to 25% tax on imported Chinese EVs The move targets excessive subsidies as European automakers face increased competition Newsroom 12/06/2024 | BUSINESS
Cyprus faces market uncertainties as exit plans delayed again Political turmoil and market volatility pose challenges for economic strategy Newsroom 12/06/2024 | BUSINESS
Eurobank boosts stake in Hellenic Bank with over 500,000 shares Eurobank solidifies its position in Hellenic Bank with a significant share purchase, signaling confidence in the banking ... Source: CNA 11/06/2024 | BUSINESS
Alphamega Hypermarkets ''Play Ball'' giving away gifts for the Euro 2024 The chain welcomes Europe’s Football Tournament by giving away a car and a series of amazing offers Press Release 11/06/2024 | BUSINESS
Cyprus trade deficit shrinks by €708 million Significant drop in imports drives improvement in first four months of 2024 Newsroom 10/06/2024 | BUSINESS
Fitch upgrades Cyprus to 'BBB+' Credit rating boost reflects improved financial stability and strong fiscal performance Newsroom 08/06/2024 | BUSINESS
ECONOMY
