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 restaurants cleaner and friendlier, but prices all over the map Water costs up to €4.50, salads hit €15, and lamb tops at €30 as consumer watchdog calls for better training and transparency. ... Newsroom 11/11/2025 | BUSINESS
Bank of Cyprus posts €353 million profit in 2025 despite lower interest income Lender keeps strong capital and rising deposits as bad loans hit record low. Newsroom 11/11/2025 | BUSINESS
Low demand and lack of storage forcing Cyprus to cut solar power output Energy storage projects expected to ease curtailments once implemented next year. Newsroom 10/11/2025 | BUSINESS
Jumbo buys out shopping mall from Eurobank in €10.8M deal Toy giant takes full ownership of VESO MARE center from Eurobank, a strategic move with both upsides and risks. Newsroom 10/11/2025 | BUSINESS
OpenAI and Freedom Holding Corp. to Advance Digital Education In Kazakhstan Press Release 10/11/2025 | BUSINESS
A new era for Miles+Bonus 12 month transition period for all members and new rules Press Release 10/11/2025 | BUSINESS
Leadership Change at Lidl Hellas and Lidl Cyprus Martin Brandenburger to move to Lidl Italy and Malta; Miltos Forozidis steps in as CEO Press Release 10/11/2025 | BUSINESS
Strategic link to Brussels: Aegean cleared for takeoff New €4.7 million contract strengthens air connectivity ahead of Cyprus’s EU Council Presidency. Dorita Yiannakou 09/11/2025 | BUSINESS
Cyprus considers raising family income limit in major tax reform Finance minister open to €90,000 cap as Parliament reviews first tax overhaul in 20 years. Newsroom 08/11/2025 | BUSINESS
Global food prices drop for second month in a row FAO Food Price Index drops to 126.4 points, 21% below March 2022 peak. Newsroom 07/11/2025 | BUSINESS
ECONOMY
