News

Cyprus real estate overcoming price shocks

25.08.2022 After two years of lockdowns and Covid restrictions, the momentum in the Cyprus property market is going through a cost-of-living crisis and rising commodity prices caused by the war..

Ukraine war and soaring inflation continue to bruise Cypriot economy

24.08.2022 According to a report published this week by the Center for Economic Research at the University of Cyprus, external geopolitical uncertainty and soaring inflation continue to weigh on the..

Everything about today’s business in Cyprus

24.08.2022 Cyprus-based Point Nine announced on Tuesday that it has been named one of the top 50 companies to watch in 2022 by The Silicon Review, one of the world's..

Cyprus Airbnb rentals starting to pay off

24.08.2022 The Airbnb industry in Cyprus is experiencing a resurgence after more than two years of lockdowns and travel restrictions, as the number of tourist resorts grew by 20% year-over-year..

Cyprus Fintech Summit 2022: #CFS2022 – it’s that feeling again!

23.08.2022 Cyprus Fintech Summit is an international summit dedicated to the future of technological innovation in the financial services industry. Top level speakers from Cyprus and abroad engage in meaningful..

Composite Leading Economic Index down 2.4% in July

23.08.2022 The Cyprus Composite Leading Economic Index (CCLEI) recorded a 2.4% annual decline on July 2, 2022, following a 1.5% annual decline recorded in June 2022, based on the latest..

Government will study Audit Office’s report on passports

23.08.2022 The government will examine a report published Monday by the Accounts Office on Cyprus' passports and investment program, which granted citizenship by investment, spokesman Marios Pelecanos said after a..

Сabinet amends interest rate subsidy scheme

23.08.2022 On Monday, the Cabinet of Ministers decided to amend the interest rate subsidy scheme for housing and corporate loans to further support the economy amid the ongoing impact of..

Substantial copper resource base established in Cyprus

23.08.2022 Ariana Resources, an exploration and development company with gold mining interests in Europe and listed on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange (LSE),..

What does Cypriot business look like now?

23.08.2022 Paphos Hotel Owners Association (Pasyxe) Thanos Michaelidis said on Monday that hotel occupancy in the area was hovering between 80 and 85 percent, falling to around 70 percent in..

What the interested party should know before buying a property

22.08.2022 In order to ensure quality and reliable real estate transactions, the Department of Cadastre and Land Management has prepared for the information of citizens the following key points that..

Construction: The prices “scratch”, up to 30% more expensive a project

22.08.2022 The prices for building materials continue to annoy contractors and consumers. More than strong was the concern expressed by the Federation of Construction Contractors Associations of Cyprus (OSEOK) in..

Moody’s affirmed Cyprus’ Ba1 ratings, changes outlook to positive from stable

22.08.2022 Moody's Investors Service changed the outlook on the ratings of the Cypriot government Ba1 from stable to positive and affirmed the long-term issuer rating in foreign and local currency,..

Violating the right of access

22.08.2022 A right of access granted through a neighboring property in an enclave is an easement registered in the land registry as well as in the deed of title to..

No dream home for Millennials

22.08.2022 Cypriot millennials and Generation Z are struggling to fulfill their dream of owning their own home, forced to rent a roof over their heads in line with the European..

Cyprus prioritized volume over quality says executive

20.08.2022 This week, the CEO of Cypriot fintech company WiRE FS, Pavlos Loizou, commented on the state of the tourism sector in Cyprus and how it stands up to financial..

What is the business in Cyprus today?

20.08.2022 The Harmonized Consumer Price Index in July 2022 increased by 10.6% compared to July 2021, and compared to the previous month it increased by 1.7%, according to data published..

New bridge on the Diarizos river costing 450 thousand euros

20.08.2022 The construction of a modern bridge in Diarizos, which will connect Mamonia with the archimandrite, at a cost of 450 thousand euros, was announced by the prefect of Paphos,..

Fall in construction in June compared to May in the EU

19.08.2022 At 1.3% in the euro area and 1.2% in the EU, seasonally adjusted output in the construction sector fell in June 2022 compared to May, according to first estimates..

International flights by residents of Cyprus to foreign countries increased in July

19.08.2022 According to a report released this week by the Statistical Office of Cyprus, international flights by residents of Cyprus to foreign countries increased in July. According to the data,..

Paphos struggling to meet rental property demand, students

19.08.2022 University and college students in Paphos will have to pay higher rents for the upcoming academic year, according to several municipality and district officials, as the district struggles to..

The prices for renting a property and what is the availability

18.08.2022 According to data provided by KYPE, property rental prices range from 500 to 1800 euros, and availability is at zero. The chairman of the Council for the Registration of..

Cystat: 17.3% of the population at risk of poverty or social exclusion

18.08.2022 Just over 17% of the population of Cyprus in 2021 was at risk of poverty or social exclusion. According to the results of the 2021 Income and Living Conditions..

Cypriot GDP increased by 6.1% compared to last year

18.08.2022 Cyprus GDP increased by 6.1% in the second quarter of 2022 compared to the same quarter of the previous year, according to a quick estimate published by Eurostat, the..

Send an enquiry