Cyprus Authorities Successfully Repel Cyberattack on Government Portal

by THEFUTURE.TEAM

October 21, 2024

On Sunday, Cyprus authorities effectively thwarted a cyberattack targeting the government’s central portal, as confirmed by the Deputy Ministry of Research, Innovation, and Digital Policy. The hackers aimed to disrupt access to government websites and compromise the information available, but the attempt was unsuccessful.

According to the Deputy Ministry, swift and coordinated actions by relevant teams ensured the situation was quickly resolved. The only site affected was the central portal, gov.cy, and even then, it was only down for a few minutes. No other government websites or online services were impacted, and no data breaches occurred during the Distributed Denial of Service (DDoS) attack.

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Authorities emphasized that all systems are under heightened security and remain vigilant against further threats.

This marks the sixth cyberattack within three days. On Saturday, Cyprus Telecommunications Authority (Cyta) also faced an attack, which temporarily took down its website. However, Cyta’s systems were not compromised, and the issue was swiftly managed, according to the organization’s President of the Board of Directors, Maria Tsiakka Olympiou.

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Building Permits Surge In Value And Volume Amid Robust Market Activity

by THEFUTURE.TEAM

February 16, 2026

Strong Growth In Permits Reflects Market Confidence

The latest data released by the Statistical Service underscores a notable surge in the number and, more importantly, the value, area, and residential units approved under construction permits during January–October 2025. Compared to the previous year, the total number of permits rose by 9.0%, reaching 6,490 from 5,955 in the corresponding period of 2024.

Significant Increases In Permitted Value And Area

Growth was even more pronounced in financial and spatial indicators. The total value of approved permits rose by 27.7%, while the cumulative construction area expanded by 30.7%. The strongest acceleration was recorded in residential units, which climbed by 33.1%. This pattern suggests renewed investor activity and stable end-user demand, particularly in housing projects.

October 2025: A Snapshot Of Market Momentum

The activity in October 2025 alone was remarkable. During this month, 855 construction permits were issued, encompassing a total value of €447.6 million and covering an aggregate area of 356.2 thousand square meters. These permits are projected to facilitate the development of 1,950 new residential units, further propelling the sector’s expansion.

New Regulatory Framework Elevates Efficiency

The expansion in permits follows notable administrative reforms. Since 1 July 2024, responsibility for issuing building permits has shifted to Regional Government Bodies, while application and approval procedures have been digitized through the Ippodamos information system. The new framework is designed to reduce processing times, increase transparency, and standardize oversight across districts, contributing to smoother project initiation.

Implications for the Construction Sector

Overall, the data indicate a broad-based strengthening of construction activity during the first ten months of the year, with especially strong gains in project value and residential supply. For developers, suppliers, and financial institutions, these signals point to a market environment characterized by confidence and planning. At the macroeconomic level, continued expansion in construction is likely to support employment, related industries, and fiscal revenues, reinforcing its role as a key growth pillar.

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