Business & Finance
ECONOMY
Purchasing Power in Cyprus Among the Lowest
Italy and Spain – with a GDP per capita comparable to Cyprus – pay average wages whose purchasing power is 25% to 30% higher than Cyprus, according to the 2025 Economy and Employment report of PEO’s Cyprus Labour Institute (INEK).
ECONOMY
Audit Office Flags Delays and Overruns in LPG Project at Vasiliko
The auditor general says the “urgent” Zygi/Vasiliko mooring and twin subsea pipeline scheme spent 92% of its timeline on talks and prep, with weak competition, shifting specs and rising costs.
ECONOMY
New Oversight Unit to Police Cyprus’ Construction Sector
President tells large developers’ association the state backs private investment but will tighten oversight and standards
BRAND FUEL
