Economy

Zygi–Vasiliko LPG project: Cyprus Audit Office finds delays, irregularities and soaring cost

The Audit Office identifies serious weaknesses in the tendering, evaluation and execution of the urgent LPG mooring and pipeline project at Zygi–Vasiliko, highlighting major delays, cost increases and limited competition in the process.

Nicosia Municipality extends deadline for 2025 fee payments

The Municipality of Nicosia has announced an extension for the payment of several municipal fees for the year 2025, urging residents and businesses to...

Cyprus consumers to see customs changes for Shein & Temu in 2026

End of an era for Shein & Temu for Cypriot consumers – Customs duties coming from Early ’26The duty-free regime for small parcels will...

Foreign buyers pressure housing market, AKEL warns

Growing concern that foreign buyers pressure the housing market in Cyprus has reignited political debate, with AKEL submitting two bills aimed at tightening controls...

President: Employers’ rejection of ATA plan not positive

President Nikos Christodoulides described the rejection of the government’s proposal for a permanent agreement on the Cost-of-Living Allowance (ATA) by employers’ organisations as “certainly...