News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyEAC should change their debtor handling policy
According to CypLive, Auditor General Odysseas Michailides believes that Electricity Authority of Cyprus (EAC) should work as efficiently as possible to recover debts of customer’s unpaid electricity bills, which today exceeds 101 million euro.…
EconomyTwin towers will be built in Limassol
The construction of high-rise buildings in Neapolis area is planned to be completed by December 2020. According to…
EconomyRussians are the most active investors
Cyprus Citizenship by Investment Programme was introduced in 2013 and since then has brought to country’s economy more than 4…
EconomyStricter measures for illegal employment in Cyprus
Cyprus authorities have agreed to significantly increase the monitoring and strengthen measures to tackle illegal employment on the…
EconomyDebts of Cyprus citizens exceed 200 million euro
Cypriots owe more than 223 million euro to the government, with half of this amount being social insurance…
EconomyNumber of unemployed dropped
Unemployment rate in Cyprus dropped to 11,6% since April this year, however Cyprus still holds 3rd place among…
EconomyPafilia won Paphos marina tender
The Ministry of Commerce, Industry and Tourism of Cyprus announced the winner of a tender for the construction…
EconomyCyprus banks can not handle troubled loans alone
It would take more than 10 years to repay the accumulated debts to the Central bank of Cyprus.…
EconomyRussians interested in overseas property
Russian citizens are showing increased interest in investing in foreign commercial real estate – cafes, restaurants, public catering…
EconomyCyprus reunification will affect economy development
According to Alexandros Apostolides, a head of the Economics Department of the European University of Cyprus, resolution of…
EconomyMelco and Hard Rock receive a casino license
The government of Cyprus issued a license for the construction of a casino to partner companies Melco International…