Latest Headlines

All reports tagged with: "unemployment"

Property sales crash 44 per cent

The number of properties sold during the first ten months of the year has fallen sharply, down 44 per cent on the numbers sold during the same period last year with no prospects of a recovery in the foreseeable future.

The sniffing has started

Despite pay cuts, rising unemployment, haircuts on bank deposits, the closure of the island’s second largest bank, etc. there have been no demonstrations, strikes or union protests; Cyprus is a funny little place.

Construction workers strike

Workers in the island’s ailing construction industry are taking part in a 48 hour strike in efforts to protect their jobs from cheap labour, while cement makers warn that a strike may deal a death blow to the industry.

VAT and other tax reductions on the table

VAT reductions for first-time home buyers and a suspension of transfer fees are being discussed as part of the Cyprus government’s austerity measures to bolster the Island’s failing economy.

Will Cyprus follow Spain’s example

Will Cyprus follow the example of Spain where the government plans to halve the VAT payable on the sale of newly built housing until the end of the year in an effort to boost its property market?

Fears of more unemployment in construction industry

The Chairman of the Cyprus Contractors Federation, Sotos Lois, fears that unemployment in the construction industry could rise to 20,000 next year.

Thousands of Cyprus property workers face job losses

AS MANY as 3,000 construction workers in Paphos could lose their jobs in the coming months if there is no turnaround in the real-estate slump, a survey of companies in the area has found. The survey was carried out by ACMA Consultants on behalf of the Paphos Building Contractors Association. It found that out of […]

Paphos building contractors sound alarm bells

Building contractors in Paphos sounded the alarm for increased unemployment in the construction sector due to lower activity. In his statements to StockWatch, Chairman of the Paphos Building Contractors Association, Antonis Petrides said that 80% of the contracting companies have been affected by the crisis, and if things remain unchanged, all contractors in Paphos will […]

Back to top