News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyEtek urges action on construction labour shortages in Cyprus
Nicosia, Cyprus. Cyprus’ Scientific and Technical Chamber (Etek) has called for immediate action to address severe labour shortages in the construction sector, warning of delays to projects, rising costs and obstacles to affordable housing…
EconomyCyprus urged to reassess Vasiliko LNG project as costs and alternatives shift
Nicosia, Cyprus. The first two articles in the series concluded that Cyprus must determine whether the Vasiliko LNG…
EconomyCyprus urged to strengthen AI governance in professional services
Nicosia, Cyprus. Cyprus concluded its six-month presidency of the Council of the European Union at the end of…
EconomyCyprus advances 120MW central battery storage project
Nicosia, Cyprus. Cyprus’ Transmission System Operator and the Cyprus Telecommunications Authority have signed a €50 million contract to…
EconomyClerides calls for ethical banking as new Cyprus cooperative bank plan advances
Nicosia, Cyprus. Fiscal council member Marios Clerides said Cyprus needs “ethical banking” as plans advance for a new…
EconomyCyprus joins ETCI 2.0 as cooperative bank and packaging investment plans advance
Nicosia, Cyprus. Cyprus has joined the second phase of the European Tech Champions Initiative, a European investment programme…
EconomyBank of England warns AI could heighten risks to financial stability
London, United Kingdom. The Bank of England said artificial intelligence poses a growing threat to financial stability as…
EconomyUK construction downturn eases slightly in June as commercial activity improves
London, United Kingdom. Britain’s construction sector contracted sharply again in June, although the downturn eased slightly from May’s…
EconomyCyprus unions warn over rising use of temporary workers in construction
Nicosia, Cyprus. Trade unions Peo, Sek and Deok on Friday warned about the growing use of temporary workers…
EconomyPotato growers raise water supply and production cost concerns with agriculture minister
Nicosia, Cyprus. Potato growers discussed securing an adequate water supply for potato crops with Agriculture Minister Maria Panayiotou…
EconomyMHV Mediterranean Hospitality Venture Plc AGM approves 2025 reports and reappoints auditors
Nicosia, Cyprus. MHV Mediterranean Hospitality Venture Plc held its annual general meeting on Friday with participation representing 100…