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
Diesel hits record high in Cyprus as prices climb to €2.126 a litre Limassol petrol station records the island’s highest diesel price. Newsroom / CNA 07/10/2026 | BUSINESS
Chess is set to receive 30 million euros over four years. This is the plan of the new FIDE president, Timur Turlov This money will go towards creating a global ecosystem that will cater to both grandmasters and the millions of enthusiasts ... Press Release 07/10/2026 | BUSINESS
10 years of Fresh Partnership: Lidl extends Global Handball Partnership with the IHF World Championships through 2030 As the Official Fresh Food Partner, Lidl combines elite sport with balanced nutrition and an active lifestyle. Press Release 06/10/2026 | BUSINESS
Another company heads for the exit: Centalion moves headquarters out of Cyprus The commodities trader follows BrainRocket in choosing a base abroad, putting Cyprus’ appeal as a business hub under scrutiny. ... Panayiotis Rougalas 05/10/2026 | BUSINESS
Could we soon pay without Visa or Mastercard? Europe is building another option Five payment groups serving 130 million users are teaming up to build an alternative to Visa and Mastercard, starting with ... Newsroom 02/10/2026 | BUSINESS
From the bakery to the heights of fashion: Lidl wows at Paris Fashion Week with the “NeckCroissant” Because true relaxation is the real luxury at Fashion Week, Lidl expanded the promotion exclusively for its visitors Press Release 02/10/2026 | BUSINESS
Genikes Insurance Stands by the Cyprus Fire Service The practical and ongoing support of Genikes Insurance to the Fire Service is a noteworthy corporate social responsibility ... Press Release 02/10/2026 | BUSINESS
Coral Shell Licensee inaugurates its 100th service station outside Greece The new service station, located in Osijek, Croatia, opened to the public in mid-September and is the 100th retail location ... Press Release 02/10/2026 | BUSINESS
George Metzakis, CEO of Cyta, Joins TechIsland’s Board of Directors Today, TechIsland represents more than 400 companies and serves as the unified voice of Cyprus’ technology sector — now ... Press Release 02/10/2026 | BUSINESS
Cabinet approves seven measures to ease cost-of-living pressures Package includes electricity subsidies, zero VAT on essential goods and a €200 payment for vulnerable households. Newsroom 01/10/2026 | BUSINESS
ECONOMY
