News

Aktea Residences 3 in Limassol takes shape

10.09.2022 Cybarco's new residential complex "Aktea Residences 3" in Limassol is taking shape. This is a luxury real estate complex, which is a continuation of a series of luxury apartment..

European businesses ask for government support measures

10.09.2022 The Cyprus Chamber of Commerce and Industry (Keve) said this week that Eurochambers, an association of European chambers of commerce, has requested immediate measures to support businesses in the..

Holding a tender for a project on digital verification of data of bank customers

10.09.2022 The Borrower Protection Association this week welcomed the announcement by the Central Bank of Cyprus of a tender for a digital verification project for the bank's customers. The project,..

Creating affordable rents

10.09.2022 There is a good initiative by the Cyprus Land Development Corporation (CLDC) to offer residential properties for rent at affordable prices. Noteworthy is the announcement by this NGO and..

A large residential development is coming to Paphos

09.09.2022 EPA approval has been secured for a large residential complex in Paphos. We are talking about the construction and operation of 18 houses within the administrative boundaries of the..

Construction slows down, single-family houses and multi-family houses are in short supply

09.09.2022 The delay or freeze of some projects is evidenced by the stagnant construction industry amid repeated increases and delays in the supply of materials. The construction sector has sounded..

The collective agreement between the trade union of bank employees Etyk and the Association of Banks of Cyprus has been extended

09.09.2022 Bankers' union Etyk announced this week that it had reached an agreement with the Cypriot Banking Association to extend their collective bargaining agreement. The negotiations took place in an..

100 new properties this week from Altamira Real Estate

08.09.2022 The focus is on the company's new campaign, which includes investment opportunities in large commercial buildings located on the most central streets of cities, with a potential return of..

S&P upgrades Bank of Cyprus, praises NPL reduction

08.09.2022 S&P Global Ratings this week announced an upgrade to its long-term issuer credit rating for the Bank of Cyprus (BoC) to 'BB-' from 'B+', citing the bank's improved asset..

Employment in Cyprus increased by 1.9% in the second quarter of 2022

08.09.2022 According to a report published on Wednesday by the Statistical Office of Cyprus (Cystat), employment in Cyprus increased by 1.9% in the second quarter of 2022 compared to the..

Building permits down the first semester of 2022

07.09.2022 A decrease in both the area and the cost of new building permits issued in the first half of 2022 was recorded according to data released by the Statistical..

Voices of contractors for VAT: The Cypriot buyer should not become a victim

07.09.2022 Contractors are asking for a formula to keep most buyers safe from a revised bill to introduce a reduced VAT rate (5%) on first home purchases. OSEOK's position is..

Cyprus banks tighten lending criteria due to geopolitical uncertainty

07.09.2022 Cypriot banks tightened lending standards in the second quarter of 2022, while net demand for new loans declined, reflecting geopolitical tensions and uncertainty in the global economic environment, according..

Submission of a bill concerning start-ups and their investments

07.09.2022 A bill regulating startups and their investments is expected to be submitted to the House of Representatives later this year, according to an update from the Energy, Commerce and..

House building slows amid high costs

07.09.2022 Official data shows that construction activity has declined slightly due to rising costs in the first six months of 2022 compared to the same period last year. Activity in..

Construction industry riddled with uncertainty

07.09.2022 Despite falling building material prices, due to the ongoing energy crisis, Cyprus developers are reluctant to give the green light to new construction projects until they have a clearer..

Industrial turnover up 21% in the first half of the year

06.09.2022 Industrial turnover recorded a significant growth of more than 21% in the first half of 2022 compared to the same period last year, with the largest growth recorded in..

Facts to consider before you go into debt

06.09.2022 From the parent's house or rented apartment to the first mansion. And what Cypriot has not dreamed (and this is very important) to have his own personal space in..

New building permits reduced in area and value

06.09.2022 Decreases in both area and cost are seen in new building permits issued in the first half of 2022, data released by the Statistical Office on Tuesday showed. Between..

“Aglantzia Hills”: Cyfield’s new apartment building in Plati

05.09.2022 Cyfield introduces a new, modern and value-added residential offering to the market. This is a new project "Aglantzia Hills", which is being built near Skali Aglantzia near the center..

Recourse against a town planning and a building permit

05.09.2022 The development of ΤΗΕ development observed in cities, with the construction of apartment buildings between houses, is now a necessity due to the lack of vacant lots. Negative impact..

Solutions to the rent problem

05.09.2022 A good attempt has been made by the Cyprus Land Development Organization (ΚΟΑG) to offer properties for rent (residential) at affordable prices. The announcement of this organization and the..

Compromise VAT bill on new homes

05.09.2022 The government has reintroduced a bill to reduce VAT on first homes, seeking to find a middle ground between MPs' concerns and the European Commission, which has filed legal..

Cyprus records 8.9 per cent inflation in August

03.09.2022 Inflation in August 2022 in Cyprus rose by 8.9%, according to data published by the Statistical Service of Cyprus on Friday. The consumer price index fell by 0.29 units...

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