Philenews

Vafeades-OSEOK: Modernization of the Construction Sector in Focus

Published March 23, 2026, 14:18
Vafeades-OSEOK: Modernization of the Construction Sector in Focus

A joint meeting was held on the initiative of OSEOK, with the participation of the Minister of Transport, Communications and Works, Alexis Vafeadis, and representatives of key stakeholders in the construction industry in Paphos. The aim of the meeting was to discuss and coordinate the modernization of the construction sector and address the challenges it faces. During the meeting, critical issues were discussed, such as the impact of the geopolitical crisis, the acceleration of licensing procedures, the attraction of labor, the revision of public contracts, and the promotion of MEDSK contracts. Specific proposals were submitted to improve the functioning of the sector and address existing problems. The need to strengthen dialogue and coordination between stakeholders was confirmed, with the aim of forming common positions and coordinated interventions. The creation of a working group that will meet monthly to record positions and proposals to the state was proposed. The president of OSEOK, Stelios Gavriel, emphasized the economic importance of the construction industry for the Cypriot economy, as well as its contribution to employment, infrastructure implementation, and investment attraction. The meeting highlighted the strong bonds of trust between stakeholders and the need for collective effort.