Fiscal Council highlights dangers of over-reliance on construction sector
Reliance on construction can backfire on the Cypriot economy in the event of another global downturn, the Fiscal Council has cautioned. “The risk exists that...
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Value of building permits doubles
The value of building permits issued in the first half of the year more than doubled compared to the first six months of 2018, according...
Man dies after falling from scaffolding
Demitris Georgiou, 62, died on Friday after he fell from scaffolding on the fourth floor of a building being constructed in Limassol, the labour inspection...
Schools construction for new academic year to reach €37 million
Construction works at schools for the year 2019-2020 will cost approximately €37 million, the education ministry announced on Tuesday for works set to improve safety...
Help for some Pissouri homeowners but no compensation says minister
The government on Monday pledged ad hoc financial assistance to residents of Pissouri whose properties are damaged by the unstable ground there, but stressed that...
GDP expected to grow by over 3% this year
Cyprus’ GDP growth is expected to reach 3.8% in 2018 following 4.2% in 2017, according to the winter interim economic forecast issued on Thursday by...
Construction workers say they’ve run out of patience
Construction workers have authorised their trade unions to announce strike measures when it is deemed necessary to defend their rights and convince employers to respect...
Government to pay for stranded Cypriot J&P workers to fly home
The government is making arrangements to bring back some 200 Cypriot employees of the now defunct Joannou & Paraskevaides Overseas who are stranded in Saudi...
EC forecasts strong economic growth set to continue
The Cypriot economy is expected to maintain its strong growth rates in the next couple of years though risks linked with the banking sector remain,...
J&P-linked strike delays official opening of university library
A strike by construction workers is preventing the official opening of the new University of Cyprus library which was planned for November 22. The employees...
J&P goes from might to plight
AT its zenith, the construction giant that was J&P Overseas Ltd., had about 15,000 people on staff and boasted a turnover in excess of $1.5bn....
Worker in serious condition after fall from roof
A 47-year-old worker remains in serious condition with head injuries at the Nicosia general hospital after falling off a three-metre construction site, police said on...
Cypriot construction sector NPLs highest in Europe
By Stelios Orphanides Almost a decade after the 2008 real estate bubble bust, Cyprus’s ratio of non-performing loans in the real estate and construction sector...
We can’t wait to leave Limassol
I read with concern about the volume of new high-rise buildings that Limassol is preparing to erect, 60 your paper states. We live part time...
In the shadow of high-rises questions remain unanswered
We are a group of concerned residents of Ipatias Street near the Limassol Municipal Garden. Back in February, we read reports in the media of...
Demolition of an illegal building
By George Coucounis The Municipal Council, District Officer or Community Council has the power to issue a building permit under which an interested person is allowed...
Our View: New thinking needed for president’s second term
President Anastasiades may be starting to realise that his second term is set to be much more difficult than the first even though the country...
Contractor corruption watchdog unable to carry out duties
The government has failed to properly support a committee it had set up to review cases of contractors suspected of bribery or misconduct forcing its...
Beleaguered J&P says it has sold airport share to pay staff
J&P Overseas, a subsidiary of Cyprus’ construction industry flagship Joannou & Paraskevaides Group, said Wednesday it has made €120m from the sale of an airport,...
Peyia sea caves protest goes to parliament
A protest against building development near the sea caves in Peyia and other protected areas will be held at the House of Representatives in Nicosia...
