The largest amount of state funds was spent on public passenger transport, the purchase of water and the construction of the Limnes Accomodation Centre, according to the Accountant General's Office and the list of payments exceeding €1 million made in 2025 by ministries, deputy ministries, departments, services and special funds of the government to natural or legal persons.
More specifically, NPT Nicosia Public Transport Services and Operations Ltd received €38.2 million for its services, Caramondani Desalination Plants Ltd €31.4 million and the Cyfield - Iacovou consortium €25.1 million respectively.
InBusinessNews processed the data from the Accountant General's Office and presents the individuals who collaborated with the State, by category of services:
- Public Passenger Transport (€ million)
NPT Nicosia Public Transport Services and Operations Ltd — 38.2
Limassol Passenger Transport Company (EMEL) Limited — 17.8
LPT Larnaca Public Transport Services and Operations Ltd — 14.4
M.E. Famagusta Buses Ltd — 14.1
Paphos Transport Organisation Limited (OSYPA)— 6.9
Cyprus InterCity Buses Ltd — 4.6
Grupo Mecanica Del Vuelo Sistemas SA — 1.5
- Water Market (€ million)
Caramondani Desalination Plants Ltd — 31.4
MN Limassol Water Co. Ltd — 17.4
MN Larnaca Desalination Co. Ltd — 15.3
SYCHEM Water & Energy Technologies — 1.5
- Construction of the 'Limnes' Hospitality Center (€ million)
Cyfield - Iacovou (MN) Joint Venture — 25.1
- Road Construction (€ million)
Cybarco-Pharmakas CSF/47/2021/E(A) JV — 22.0
Iacovou-Cyfield (P) Joint Venture — 8.3
Iacovou - Cyfield (A) Joint Venture — 6.3
Cyfield-Iacovou PB3 Joint Venture — 4.4
Wade Adams - Phoenix JV — 3.2
Kyriakos Chatzikyriakos and Sons Construction Company Limited — 1.1
- Supply of Petroleum Products (€ million)
Petrolina (Holdings) Public Ltd — 21.6
Hellenic Petroleum Cyprus Ltd — 12.4
Coral Energy Products Cyprus Ltd — 8.7
- Road Construction / Maintenance / Improvement (€ million)
Cyfield Asphalt Co Ltd — 16.9
Cyfield Construction Ltd — 10.9
Lois Builders Ltd - Wade Adams Contracting (Cyprus) Ltd JV — 8.3
Cybarco Contracting Limited — 1.2
- Purchase of Medicines and Vaccines (€ million)
Genesis Pharma (Cyprus) Limited — 16.7
CA Papaellinas Ltd — 8.0
MS Jacovides & Co Ltd — 7.5
CPO Pharmaceuticals Limited — 5.4
Pfizer Export BV — 5.2
Novagem Limited — 4.3
Biokosmos Medical Scientific Equipment S.A. — 3.5
G.A. Stamatis & Co. Ltd. — 3.3
AstraZeneca AB — 3.3
Vertex Pharmaceuticals (Ireland) Ltd — 3.3
Cyprus Pharmaceutical Organisation Ltd — 2.8
Lifepharma (ZAM) Limited — 2.8
Varnavas Hadjipanayis Ltd — 2.6
Madison Pharma Trading AG — 2.3
Alector Pharmaceuticals Limited — 2.2
Novartis Pharma Services Inc. — 1.7
MA Pharmaceuticals Trading Ltd — 1.6
Pharmaceutical Trading Company Ltd — 1.6
Gilead Sciences Hellas — 1.3
A Potamitis Medicare Ltd — 1.3
My Tomorrows Impatients NV — 1.1
- State Sponsorship / Specialized Examination Services (€ million)
Cyprus Institute of Neurology & Genetics — 16.7
- Road Construction / Maintenance / Upgrading and Construction Projects (€ million)
Iacovou Construction Ltd — 13.8
Araco Construction Cy Ltd — 5.4
A. & C. Angeli Construction Ltd — 4.1
An. Christou Properties & Constructions Ltd — 2.3
A. & C. Angeli Construction Ltd & Midsign Cyprus Ltd J/V — 2.2
Cybarco-Pharmakas CSF/48/2023 E(A) JV — 1.8
Charalambides S. Petros & Brothers Ltd — 1.7
PTC Ltd — 1.1
- Construction of a New Cyprus Museum (€ million)
Iacovou - Cyfield (M) Joint Venture — 13.3
- Construction of Buildings (€ million)
A. Aristotelous (Construction) Ltd — 12.0
- Treatment Plan for Cypriots Abroad (€ million)
Deutsche Verbindungsstelle Krankenversicherung – Ausland — 11.4
Aviomedic Ltd — 3.4
Cleveland Clinic London — 2.0
Imer Medical Services Limited — 1.5
Athens Medical Center S.A. — 1.3
Kliniken Schmieder — 1.3
King's College Hospital — 1.3
Schneider Children's Medical Center of Israel — 1.0
- Fuel Purchase (€ million)
Petrolina Holdings (Public) Ltd - 10.6
- Purchase of Services related to Photographic Marking Systems (€ million)
Modaxo Traffic Management USA Inc — 10.2
- Fees for Card Payments (€ million)
JCC Payment Systems Ltd — 9.6
- Development / Upgrade of Information Systems and Maintenance of Computer Equipment (€ million)
Net-U Consultants Ltd — 9.3
European Dynamics SA — 2.0
- Vehicle Supply (€ million)
Char. Pilakoutas Ltd — 8.8
Cronus Cyber Technologies Ltd — 5.9
Unicars Ltd — 5.2
CTC Automotive Ltd — 4.2
Spyros Houtris (Lefkonitziatis) & Sons Limited — 3.9
Star Automotive Hellas Sole Proprietorship S.A. — 2.7
Dickran Ouzounian & Co Ltd — 2.2
A. Loutsios & Sons Ltd — 1.9
Cyprus Import Corporation Ltd — 1.6
- Port Services (€ million)
DP World Limassol Ltd — 8.6
Eurogate Container Terminal Limassol Ltd — 7.2
- Restoration of Uncontrolled Waste Disposal Sites (€ million)
Cyfield Construction - Cyfield Engineering JV — €7.7
- Purchase / Maintenance of Computer Equipment and Support Services (€ million)
GCC Computers Limited — 7.5
A. Th. Loizou & Son Ltd — 4.5
Hellenic Technical Enterprises Ltd — 2.3
- Aircraft Services (€ million)
Airbus Helicopters SAS — 7.4
- Construction Projects (€ million)
A.Aristotelous-S.Hadjichristofi JV — 7.3
KEPA Attikis S.A. - CG Kokias Limited Joint Venture — 4.1
A&A Apostolides Contractors & Developers — 4.1
M. Mpakaliaos & Sons Limited — 2.8
MIPh Design Ltd — 2.2
Stavros Andronikou & Son Ltd — 1.7
- Purchase of Services mainly concerning Court Stenography (€ million)
Galatariotis Technical Ltd — 7.1
- Water Works (€ million)
Nemesis Dredging Public Company Ltd — 7.1
Iacovou Brothers (Constructions) Ltd — 3.6
Michael Apostolides & Co Ltd — 3.0
- Aircraft and Marine Vehicle Rental Fees (€ million)
Titan Firefighting Company SL — 6.5
Heli Company S.R.O. — 5.2
Air Tractor Europe SL — 2.6
- Water Supply Projects (€ million)
Atlas Pantou Co. Ltd — 6.2
- Construction of School Buildings (€ million)
Cyfield Development Public Limited — 6.1
- Construction / Improvements of School Buildings (€ million)
N. Gavriel & Sons Limited — 5.4
- Purchase of Computer Equipment, Programs and Services (€ million)
Newcytech Business Solutions Ltd — 5.3
AT Techdata Ltd — 3.6
Uni Systems SMSA — 2.8
EY Cyprus Advisory Services Ltd — 1.2
- Direct payment of the photovoltaic installation subsidy to the Participating Trader (RES & EX.E. Fund) (€ million)
Trikkis Energy Ltd — 5.3
Conercon Energy Solutions Limited — 1.3
- State Subsidy of the Contracting Carrier for the Cyprus – Greece Maritime Connection (€ million)
Scandro Holding Ltd — 5.2
- Airport Services (€ million)
Hermes Airports Ltd — 4.8
- Supply of Electromechanical Equipment (€ million)
Cyprus Power Transformers Ltd — 4.7
- Information Campaigns (€ million)
Google Ireland Limited — 4.6
Jet2holidays Ltd — 1.3
Meta Platforms Ireland Ltd — 1.3
TUI UK Ltd — 1.2
- Purchase of Archival Material (€ million)
Veridos GmbH — 4.0
- Equipment Purchase (€ million)
Andreas Eracleous Electrical Installations Ltd — 3.8
- Land Compensation (€ million)
National Bank of Greece (Cyprus) Ltd — 3.7
KEDIPES Ltd — 1.3
- Purchase / Development / Upgrade of Information Systems and Maintenance of Computer Equipment (€ million)
NCR (Cyprus) Ltd — 3.6
- Improvement of Water Supply Sources, Refineries, Pumping Stations and Distribution Pipelines (€ million)
Cyfield Engineering & Contracting Public Ltd — 3.5
Mekel Limited — 2.8
SK Euromarket Limited — 1.5
- Purchase of Consumables, Supplies and Equipment / Purchase of Agricultural Machinery and Equipment (€ million)
CPO Scientronics Limited — 3.5
Safeblood Bioanalytica Commercial Biotechnological Applications – Research S.A. — 1.2
- Construction of signs and shelters at bus stops (€ million)
ASAir Control Ltd Amco Abee JW — 3.4
- Purchase / Maintenance of Computer and Telecommunications Equipment, Programs and Services (€ million)
Logicom Solutions Limited — 3.4
- Creation of Seawater Desalination Units / Maintenance of Electromechanical Installations (€ million)
Caramondani Bros Public Co Limited — 3.3
- Development / Upgrade and Maintenance of Tax Department Software Programs (€ million)
Data Torque Limited — 3.1
- Construction Projects for the creation of Green Spaces and the creation of Infrastructure for the Promotion of Sustainable Transport (€ million)
S. Hadjichristofis Construction Ltd — 2.8
- Supply and Installation of Prefabricated Halls (€ million)
Mediterranean Digital Digital Applications Software Development – Technology Products SA — 2.7
- Procurement of IT Equipment (€ million)
Logicom Public Ltd — 2.5
- Irrigation Projects (€ million)
WADE ADAMS Contracting (Cyprus) Ltd — 2.4
- Purchase / Maintenance of Computer Equipment and Purchase of Software Programs (€ million)
Hellenic Technical Enterprises Ltd — 2.3
- Construction Projects / Road Improvements (€ million)
Christakis Mousoullou Construction Ltd — 2.3
- Expert Expenses (€ million)
Curtis, Mallet-Prevost, Colt & Mosle LLP — 2.2
- Boat Market (€ million)
Efinor — 2.2
- Animal Waste Management (€ million)
Sigan Management Ltd — 2.2
- Development of the Archaeological Site of Kourion and Redevelopment of Traditional Nuclei/Historic Centers (€ million)
Mak Way Ltd — 2.1
- Residential Maintenance (€ million)
Christodoulos Paschali Ltd — 2.1
- Projects / Actions Co-financed by the Home Affairs Funds (€ million)
Bagira Systems Ltd — 2.1
- Tanker Purchase (€ million)
Kykon Ltd — 2.0
- Direct payment of photovoltaic installation sponsorship to the Participating Trader (RES & EX.E. Fund) (€ million)
A & I Solar Ltd — 2.0
Petrolina Solar Limited — 1.1
- Electronic Security Systems Market (€ million)
Bluesun Automation Ltd — 1.9
- Stationery / Paper Purchase / Educational Equipment Purchase (€ million)
Renos Agrotis & Son Ltd — 1.8
- Bridge Maintenance (€ million)
Medcon - Wade Adams JV — 1.8
C. Roushas Trading and Development Limited — 1.6
- Road Construction and Maintenance / Student Transportation (€ million)
Panagos Technical Works and Transport Company Ltd — 1.7
- Healthcare Expenditures of Cypriots in EU and EEA Member States (€ million)
National Organization for Health Services (EOPYY) — 1.6
- Medical Care in Cyprus (€ million)
Friehs Gerhard Martin DLC — 1.6
Socrates Melathron Ltd — 1.0
- Purchase of Services for Inspections and Studies (€ million)
RTD Talos Limited — 1.6
- Equipment Purchase (€ million)
Instech Netherlands BV — 1.6
- Design / Construction / Operation and Maintenance of a Wastewater Treatment Plant and Connecting Pipeline at Mennogeia Lakes (€ million)
Euromarket–Dialynas Joint Venture — 1.5
- Security / Guarding (€ million)
SPS Private Security Services Ltd — 1.4
Eagle Watch Security Services Ltd — 1.1
- Repatriation and Returns Expenses (€ million)
Shoham Travel Limited — 1.4
- Computer Equipment Maintenance and Support Services (€ million)
IBM Italia SPA Cyprus Branch — 1.4
- Water Recycling Projects (€ million)
Christakis Leontiou & Sons (Earthmoving) Ltd — 1.3
- Purchase of Services for Beach Protection / Dam Maintenance / Creation of Desalination Units (€ million)
Semesco Co Ltd — 1.3
- Participation in Exhibitions / Promotion of Exports of Industrial Products (€ million)
C. Liassides Exhibitionwise Ltd — 1.3
- Water Supply Systems Maintenance (€ million)
M.G. Hydrodomi Ltd — 1.2
- School Building Improvements and Other Construction Projects (€ million)
Imatech Kounna Limited — 1.2
- Conference Center Management Services Market (€ million)
Alvarado Ltd — 1.2
- Solid Waste Reduction (€ million)
Panaos Metal Body Industry Ltd — 1.1
- Purchase of Services for the Reform of Public Procurement (€ million)
PwC — 1.1
- Purchase of Laboratory Machinery and Equipment and Chemical Consumables (€ million)
Biotronics Ltd — 1.1
- Purchase of Machinery and Equipment / Purchase of Uniforms (€ million)
Lardas Trading Ltd — 1.1
- Road Construction / Park Development (€ million)
Kedris Construction Ltd — 1.1
- Provision of Food Services in Reception and Accommodation Centers for Applicants for International Protection (€ million)
Theodosis Tourist Co Ltd — 1.1
- Hydrocarbon Management (€ million)
Beicip Franlab — 1.1
- Contribution for Museum Renovation (€ million)
Archbishop Makarios III Foundation — 1.1
- Purchase of Shares for Participation in International Organizations (€ million)
Council of European Development Bank — 1.1
- Purchase and Maintenance of Telecommunications Equipment (€ million)
Nedeco Electronics Ltd — 1.1
- Development of Programs for Publications / Audiovisual / Digital Media (€ million)
Institute of Computer Technology and Publishing "Diofantos" — 1.1
- Audiovisual Industry Promotion Plan (€ million)
Lis1 AVC Ltd — 1.1
MGK2 Production AVC Ltd — 1.1
- Supply of Uniforms and Clothing Items (€ million)
Drouskos House Agencies Ltd — 1.0
- Furniture and Equipment Purchase (€ million)
Takis Charalambous & Co Ltd — 1.0
- Purchase / Maintenance of Laboratory Machinery and Equipment (€ million)
Medisell Company Ltd — 1.0
- Construction / Improvement of Roads, Sidewalks and Cycle Paths (€ million)
Panath Construction Limited — 1.0
- School Building Improvements (€ million)
Medcon Construction Ltd — 1.0
(Source: InBusinessNews)
