Limited Transparency in Public Project Assignments in Cyprus
November 7, 2025
Many contractors in Cyprus gain access to raw materials, enabling them to submit more competitive bids for public projects. Between 2015 and 2024, a small number of companies hold the majority of contracts, tying up significant amounts of the public budget. Many bids are submitted by only one candidate, suggesting signs of oligopoly. However, no evidence of collusion among contractors was found. Nevertheless, the discussion about transparency in project assignments remains a concern for authorities.