News

Real estate sales in 2022 peaked

02.10.2022 The number of property sales increased by 18% in the first nine months of 2022 compared to the corresponding period last year, while in 2022 there was a 36%..

No quick remedy to spiraling rents in Cyprus

02.10.2022 “The cheapest rental in Nicosia is 300 euros for a 30m container room in Lakatamia” says Nick Theodoulou In certain areas, the rent has increased by 50%, and not..

Losses of 6.15 million euros after taxes for the first half of 2022

01.10.2022 The Nicosia Chamber of Commerce and Industry (Evel) this week announced a successful event focusing on branding and how organizations and professionals can create value for businesses, industries and..

Industrial production declined marginally in July

30.09.2022 The industrial production index recorded a slight annual decline in July, the first decline since February 2021, mainly due to the electricity, mining and water sectors. According to data..

FinM and Central Bank Governor outline 2023 economic challenges

29.09.2022 Cypriot Finance Minister Konstantinos Petrides stressed on Wednesday evening the need to be "even more careful" with fiscal discipline in a challenging new era, while Central Bank Governor Konstantinos..

Residential: Increased losses in the first half of 2022

29.09.2022 A loss of EUR 664,832 compared to a loss of EUR 156,199 in the first half of 2021 was recorded in the first half of 2022 by Philoktimatika Dimosia..

Houses, apartments and apartment buildings from Altamira Real Estate

29.09.2022 Altamira Real Estate presents new unique options for houses and apartments. On the company's website, 106 new housing options are located in the most popular areas of the island..

Investment funds put €2.5 bln in Cypriot economy

29.09.2022 The Cyprus Investment Funds Association (CIFA) hosted an event on Wednesday highlighting the latest developments in the Cyprus Investment Funds sector, chaired by the Association's President and Board of..

Keve met Greek Cypriot Business Association and Selk in Athens

29.09.2022 A delegation from the Cyprus Chamber of Commerce and Industry (Keve) this week met with the Greek Cypriot Business Association and the Institute of Chartered Accountants of Cyprus (Selk)..

Cyprus businesses mostly unhappy with government support measures

28.09.2022 One in ten Cypriot businesses said they believe government support measures have helped, while two out of ten businesses believe they have helped sufficiently, according to a business panel..

Net increase in total deposits by 173.7 million euros in August

28.09.2022 According to a report released on Tuesday by the Central Bank of Cyprus (CBC), August 2022 saw a net increase in total deposits of €173.7 million and a net..

Deposits increased while loans decreased in August

27.09.2022 According to Monetary Institutions (MFI) deposit and loan statistics released by the Central Bank of Cyprus on Tuesday, total deposits increased by 173.7 million euros in August, while loans..

New multi-storey residential development in Limassol

27.09.2022 Nicos Christou Developments LTD plans to build and operate a multi-storey residential complex in the Pyrgos area of Limassol. The proposed development, submitted to the Department of the Environment..

Lone Star will not submit new bid for Bank of Cyprus

27.09.2022 Private equity firm Lone Star, in a statement published on the London Stock Exchange on Tuesday, said it did not intend to submit a revised offer to acquire Bank..

Louis Plc increases its operating income in the first half of 2022 to 32.5 million euros

27.09.2022 Cypriot company Louis Plc this week announced a significant increase in its operating income in the first half of 2022, reaching 32.5 million euros in this time compared to..

Real estate market boosted by demand for offices

27.09.2022 The Cyprus real estate sector has proven remarkably resilient despite the effects of rising inflation as demand for housing and office space continues to rise. The real estate market..

DP World Limassol announces the launch of a three-month internship program for students pursuing a degree in shipping

24.09.2022 Limassol port management company DP World Limassol on Friday announced the launch of another year of a three-month internship program for students pursuing education in shipping or related fields,..

DBRS Morning Star revised down Cyprus’ growth outlook

23.09.2022 Ratings agency DBRS Morning Star has once again revised its forecast for the growth of the Cypriot economy downward amid more gloomy forecasts for global growth, taking into account..

From studios to villas for rent, from Protaras to Platres

23.09.2022 Ezoria has announced a new digital short-term rental platform that includes individual accommodation options in various locations on the island. Improving travel, hospitality and accommodation experiences, the new platform..

Cyprus GDP to grow as unemployment falls and inflation normalizes

23.09.2022 The Central Bank of Cyprus (CBC) on Thursday said that the main macroeconomic indicators of the Cypriot economy for 2022-2024 are favorable in line with its medium-term forecasts, which..

Cyprus wholesale trade value index up 33.4% in Q2 2022

23.09.2022 According to data published on Thursday by the Statistical Office of Cyprus (Cystat), the Wholesale Trade Value Index in Cyprus in the second quarter of 2022 increased by 33.4%..

MPs seek deal on reduced VAT for new homes

23.09.2022 The deputies are looking for a compromise on reduced VAT for the first houses after the European Commission brought proceedings against Cyprus over the discount. Greens MP Stavros Papadouris..

Apartments lead the way in sale and rent price hikes in Q2

22.09.2022 Apartments led the rise in prices for sales and rentals in the second quarter of 2022, according to the Ask Wire index of real estate sales and rentals. In..

Altamira: Ready-made residential solutions with houses and apartments

22.09.2022 Housing offers, based on the needs and capabilities of each interested buyer, are presented by Altamira Real Estate for another week. The company's website has 121 new options for..

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