News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyCyprus Ports Authority launches €4.88 million tender for premises at Limassol Old Port
Limassol, Cyprus. The Cyprus Ports Authority has launched a tender to grant a licence to use and operate premises at the Old Port of Limassol, with an estimated value of €4.88 million. Economic operators…
EconomyRevised bids for Paphos–Polis road project exceed initial cost estimates, authorities say
Paphos, Cyprus. Revised bids for the Paphos–Polis road project have been submitted above initial cost estimates, the transport…
EconomyState Aid Commissioner approves grant for Plug and Play Cyprus Innovation Centre operations
Nicosia, Cyprus. State Aid Commissioner Stella Michaelidou has approved a state grant to Plug and Play Cyprus Innovation…
EconomyOev outlines 2025 labour developments ahead of annual assembly in Nicosia
Nicosia, Cyprus. The Employers and Industrialists Federation (Oev) outlined key labour developments for 2025 ahead of its annual…
EconomyCyprus city centres show rising rents alongside vacant plots and deteriorating buildings
Nicosia, Cyprus. Vacant plots and deteriorating older buildings sit alongside rising rents in Cyprus city centres, a pattern…
EconomyNeophytou questions cost surge for Paphos–Polis Chrysochous road after new tenders
Paphos, Cyprus. Former Disy leader Averof Neophytou said he is bemused by rising construction costs for the road…
EconomyLarnaca plans new town hall funded by sale of Hermes street plot
Larnaca, Cyprus. Deputy mayor Iasonas Iasonides said a new town hall planned for Larnaca will reflect the city’s…
EconomyCyprus employment rate exceeds EU average in 2025 as EU tourism ministers meet in Nicosia
Nicosia, Cyprus. Cyprus recorded an employment rate of 81.3% in 2025, above the EU average of 76.1%, according…
EconomyTwo bids submitted for Paphos–Polis Chrysochous highway section, Transport Ministry says
Paphos, Cyprus. The Transport Ministry confirmed on Friday that two bids have been submitted for the design and…
EconomyCypriot participants join 16 European Defence Fund projects with €14 million in expected EU funding
Nicosia, Cyprus. Cyprus’ defence ministry said 10 Cypriot participants have secured involvement in European Defence Fund projects, with…
EconomyDemetra Holdings completes April 16 share buyback of 6,400 shares at €1.39 each
Nicosia, Cyprus. Demetra Holdings Plc said it completed a share buyback on April 16, acquiring 6,400 of its…