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
New 15% tax hits Hellenic and other banks A new EU rule means big banks in Cyprus now pay more tax, and Hellenic Bank is the first to feel the sting. Newsroom 10/05/2025 | BUSINESS
End of an Era: ERA department stores changing hands for just €1, but there’s more to the story Ermes offloads loss-making department stores to Gencom in bid to streamline operations Newsroom 09/05/2025 | BUSINESS
Make a splash! Fasouri Watermania Waterpark reopens May 9 for a summer of fun Limassol’s favorite family hotspot returns with thrilling rides, lazy rivers, and unforgettable adventures for all ages. Press Release 08/05/2025 | BUSINESS
First Pandora and New Balance stores open in Cyprus Foot traffic and sales up at Nicosia Mall with a second mega-mall on the way in Limassol. Newsroom 08/05/2025 | BUSINESS
Cyprus struggles to fill jobs amid booming sectors, red tape Labor gaps strain tourism and healthcare as demand surges and licensing hurdles persist Newsroom 07/05/2025 | BUSINESS
Moody’s upgrades Bank of Cyprus to A3 Bank now holds highest deposit rating among Greek and Cypriot lenders Newsroom 06/05/2025 | BUSINESS
Cyprus fuel prices raise eyebrows and questions As diesel and heating oil prices soar above EU averages, thousands of Cypriots are heading to the occupied north for cheaper ... Newsroom 06/05/2025 | BUSINESS
Greek universities set up shop in Cyprus, but this time, you’ll pay tuition Top public universities from Greece are launching local branches with fees, while Cyprus’ own University of Nicosia prepares ... Newsroom 06/05/2025 | BUSINESS
€50M ALPHAMEGA complex set to transform Nicosia shopping scene Shops, restaurants, offices, and a state-of-the-art hypermarket coming to Nicosia’s west side, with solar power, 640 parking ... Newsroom 06/05/2025 | BUSINESS
Lidl Cyprus steadily supports the work of the Cyprus Red Cross with a new donation of 50,000€ Press Release 06/05/2025 | BUSINESS
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