The contract signing ceremony for the construction of the Astromeritis–Evrychou motorway, which will cost €88,627,630, took place today at the Presidential Palace, in the presence of President Anastasiades.

Larnaca municipality launched a tender on Thursday to construct an events and recreation centre in the Tsiakkilero area of the city.

Hungary’s Wizz Air announced an expansion of its operations on Thursday.

The state health services organisation (Okypy) on Thursday announced the creation of a special webpage dedicated to the accident and emergency departments of its hospitals.

Investment amid geopolitical and interest rate risks is on hold for now but businesspeople in Cyprus do apply for bank loans probably to use them as reserves and working capital.

Building activity declined slightly, slowed by rising costs in the first six months of 2022 compared to the same period last year, official data shows.

Despite building materials falling in price, the ongoing energy crisis has Cyprus developers unwilling to greenlight new projects until they have a clearer picture of where building costs are heading.

A correction was issued on Wednesday to an earlier Reuters report quoting Italian gas giant Eni’s chief operating officer (COO) as saying that the EastMed pipeline would be fully completed by 2025.

The cabinet on Wednesday approved a one-off subsidy of €50 to €80 per child for children aged between 4 and 18, it said.

Employment in Cyprus increased by 1.9% in the second quarter of 2022, in comparison to the corresponding quarter of the previous year, reaching 458,706 persons. However, actual working hours increased by 5.2% in the same period and are estimated at 207,154, according to data published by the Statistical Service.