News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyAudit boss piles on land officials for lowballing value of state land
THE auditor-general as well as MPs piled on land registry officials Thursday for lowballing the value of state land, including one piece of prime real estate in central Nicosia which from €70m in 2014…
EconomyBlue energy projects presented at UCy
Pilot projects on using wave power and micro algae to produce biofuel and electricity were presented on Tuesday…
EconomyMore innovative methods to be used in farming
Crop farming is to be modernised through investment, precision farming, and the use of anti-hail netting, Agriculture Minister…
EconomyNumber of people at risk of poverty falls
Economic development in Cyprus is slowly but surely fostering increased social cohesion, Finance Minister Harris Georgiades said in…
EconomyEstia scheme rewards strategic defaulters
THE controversial Estia scheme, which rewards strategic defaulters by reducing their housing loans and subsidising their loan repayments,…
EconomyCyprus runs the risk of being trapped into an expensive undertaking with gas deal
DEFA announced on 23 August its decision to award the tender for the construction of an LNG import…
EconomyHow to build a house illegally?
HOW do you build a house on agricultural land where residential construction is not permitted? Easy, you apply…
EconomyUnemployment down to 7% in July
July this year saw a further decline of unemployment in Cyprus to 7 per cent (or 31,000 persons,…
EconomyAphrodite gas development plan expected this week
“Aphrodite gas development plan expected this week”, – minister says The government expects a joint venture of energy…
EconomyBank of Cyprus’ future decisive for whole economy says new CEO
Bank of Cyprus is at a turning point and its decisions will be decisive not only for the…
EconomyBank of Cyprus sells Nicosia Mall
Bank of Cyprus has come to an agreement to sell its share in the Nicosia Mall for around…