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All reports tagged with: "construction industry"

Hotel projects grow as Airbnb is to be regulated

New hotels are sustaining a construction industry boom as hoteliers also go ahead with renovations and expansions, despite challenges posed by private self-service accommodation units.

Cyprus construction industry enjoying a revival

Cyprus’ construction industry seems to be regaining confidence over the past year, as developers encouraged by an increase of activity, feel that the barren years of the real estate crisis are behind them.

Cyprus construction NPLs highest in Europe

The percentage of non-performing loans (NPLs) linked to the Cyprus construction industry are the highest in Europe according to a press release issued by the European Banking Authority.

Troika hears construction sector concerns

The troika has returned to Cyprus for its fourth review of the island’s economic adjustment programme and has spoken with the Federation of Building Contractors about the critical issues affecting the construction sector.

Construction industry loans under microscope

Loans given to the construction industry by the Bank of Cyprus and the Cyprus Popular Bank will be discussed today at a meeting between the banks’ management and representatives from Pimco.

Construction sector hits rock bottom

The construction sector, one of the island’s key economic drivers, is in free-fall and the outlook is extremely bleak with only an estimated seven months of pending construction contracts on the books.

Vasilikon cement factory workers on indefinite strike

Employees of the Vassilikos Cement Public Company in Limassol have vowed to continue indefinite strike action blaming their employers for violating their collective wage agreement.

Transfer of development rights to be aided by new bill

Proposals designed to assist those whose properties are located in environmentally protected areas or that have been affected by public works involve transferring their development rights to another property.

Striking construction workers threaten further action

The Valentine’s Day strike by workers in the Cyprus construction industry went ahead as planned with the strikers threatening to visit construction sites today to ensure there are no subcontractors working.

Could north court ruling have significance for south?

In a case that that may be significant for those living in the south of the Island, a Norwegian lady living in the occupied areas of Cyprus recently won her case against a landowner and the ‘TRNC’ Ministry of the Interior.

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