Cyprus Business Now: energy, builders, tourism, banks, shipping, foreclosure laws

Immediate relief measures can still be taken to cushion the expected rise in energy costs, scientific and technical chamber (Etek) president Constantinos Constanti said in a written statement, while warning that longer-term solutions for cheaper electricity will require major public investment.

He said the measures cited by the auditor-general as potential routes to lower-cost electricity would depend on extensive state spending, the burden of which would ultimately fall on consumers and taxpayers.