News

‘Cyprus must also think about the quality of the tourists it attracts’

‘Cyprus must also think about the quality of the tourists it attracts’

06.08.2022 Cyprus Hotel Managers Association President Christos Angelides said on Friday that hotel occupancy rates in the Famagusta area are expected to reach 85-90% in August. “We are going through..

Nexters released its financial and operating results for the first quarter of 2022

Nexters released its financial and operating results for the first quarter of 2022

06.08.2022 Nexters, an international game development company headquartered in Limassol, this week released its financial and operating results for the first quarter of 2022. In addition, the company also announced..

Point Nine Cyprus will be hosting its third annual conference on September 16, 2022 at the Four Seasons Hotel in Limassol

Point Nine Cyprus will be hosting its third annual conference on September 16, 2022 at the Four Seasons Hotel in Limassol

05.08.2022 Point Nine Cyprus on Thursday announced that it will be hosting its third annual conference on September 16, 2022 at the Four Seasons Hotel in Limassol. The company said..

New loans provided by Cypriot banks in June rose to 343.6 million euros

New loans provided by Cypriot banks in June rose to 343.6 million euros

04.08.2022 The Central Bank of Cyprus (CBC) released a report this week showing that net new loans provided by Cypriot banks in June rose to 343.6 million euros, representing a..

End of an era for the “slum” of Larnaca

End of an era for the “slum” of Larnaca

04.08.2022 In the past until September will remain the "slums" of Larnaca, which were a great dissonance for the city center, due to improvised buildings erected almost five decades ago...

Phase I of Sunset Gardens ready for delivery-First images

Phase I of Sunset Gardens ready for delivery-First images

03.08.2022 The first phase of Sunset Gardens, the Imperio project which will complement the development to the west of Limassol, has been completed. According to Imperio's social media post, Phase..

Property Gallery launches landmark project YOO LIMASSOL

Property Gallery launches landmark project YOO LIMASSOL

03.08.2022 At a beautiful opening ceremony held on July 6 at the Four Seasons Hotel in Limassol, Property Gallery unveiled for the first time the iconic YOO LIMASSOL project inspired..

Piale Passia will be a jewel after the facelift

Piale Passia will be a jewel after the facelift

03.08.2022 The municipality estimates that the Piale Passia area will become the pearl of Larnaca after the completion of the improvement of the facades of its buildings. The written statement..

Central Bank signed European System of Central Banks equality, diversity, and inclusion Charter

Central Bank signed European System of Central Banks equality, diversity, and inclusion Charter

03.08.2022 The Central Bank of Cyprus (CBC) has signed the Charter for Equality, Diversity and Inclusion of the European System of Central Banks (ESCB). The purpose of the Charter, according..

Gloria Jean’s Coffee franchise in Cyprus will now be owned by Lanitis Entertainment

Gloria Jean’s Coffee franchise in Cyprus will now be owned by Lanitis Entertainment

03.08.2022 The Gloria Jean's Coffee franchise in Cyprus will now be owned by a new owner and Lanitis Entertainment will be the new owner. This marks the end of CC..

Bank of Cyprus named ‘Best Bank’ in Cyprus

Bank of Cyprus named ‘Best Bank’ in Cyprus

03.08.2022 The Bank of Cyprus announced on Tuesday that it has been named "Best Bank" in Cyprus for 2022 by financial magazine Euromoney. The bank said the award comes at..

Radical change in the center of Larnaca

Radical change in the center of Larnaca

03.08.2022 The center of Larnaca is undergoing a radical transformation with the reconstruction of the historic Acropolis and Alka squares, which will be a continuation of the projects planned for..

The Wholesale Market is threatened with collapse, Kadis is looking for a new place

The Wholesale Market is threatened with collapse, Kadis is looking for a new place

02.08.2022 Looking for an alternative solution, amid stifling schedules, the Nicosia Municipality and the Minister of Agriculture, Rural Development and the Environment Costas Cadiz agreed to move the wholesalers located..

Tender for construction projects to deal with floods

Tender for construction projects to deal with floods

02.08.2022 The Larnaca Sewer Authority has launched a tender for construction contracts C20A and C20B, which will alleviate the chronic problems of flooding and stormwater accumulation that have plagued the..

Major projects are underway on the roads of Cyprus

Major projects are underway on the roads of Cyprus

02.08.2022 Much of Cyprus' road network is slowly being converted into a construction site as several projects are either underway or due to start in the next few months. In..

SA ready for bidding on the C20D contract. Larnaca

SA ready for bidding on the C20D contract. Larnaca

02.08.2022 The Larnaca Sewer Authority (SAL) is in the final stages of tendering for the C20D contract, which concerns a storm sewer system in the area of Agios Lazaros -..

Consulco’s hybrid conference brought together London and Limassol

Consulco’s hybrid conference brought together London and Limassol

02.08.2022 Organized by Consulco and with the theme "Sustainable Cities : London and Limassol", a hybrid conference discussed development paths as well as similarities and differences between Limassol and London..

The positions of the Municipality of Nicosia on dangerous buildings

The positions of the Municipality of Nicosia on dangerous buildings

02.08.2022 Recently, with two serious cases of balconies collapsing in Paphos injuring civilians, the issue of procedures and responsibilities for the maintenance and control of dangerous buildings in cities has..

How much are the Presidential Palace and the Parliament worth?

How much are the Presidential Palace and the Parliament worth?

02.08.2022 Last year, the cost of the Presidential Palace was estimated at about the level of 2018. In fact, the historic building, which, among other things, houses the office and..

Deposit interest rates remained close to zero levels in June

Deposit interest rates remained close to zero levels in June

02.08.2022 Deposit interest rates remained close to zero in June, with lending rates fluctuating slightly, according to data released on Tuesday by the Central Bank of Cyprus (CBC). In June,..

Pure new credit climbs to €1.72 billion

Pure new credit climbs to €1.72 billion

02.08.2022 Net new credit provided by Cypriot banking institutions in June rose to 343.6 million euros, an increase of 32% compared to the previous month, according to data released on..

S&P affirmed Bank of Cyprus’ credit ratings at “B+/B”

S&P affirmed Bank of Cyprus’ credit ratings at “B+/B”

02.08.2022 S&P Global Ratings has affirmed the long-term and short-term issuer credit ratings of Bank of Cyprus, Cyprus' largest lender, at 'B+/B', maintaining a positive outlook, reflecting 'upside potential if..

Private debt at €56.2 billion in the first quarter of 2022

Private debt at €56.2 billion in the first quarter of 2022

02.08.2022 The debt of households and non-financial corporations at the end of the first quarter of 2022 amounted to 56.2 billion euros, according to the quarterly financial statements for the..

Headquarters Seminar “Cyprus Headquarters: Why and How” Aroused Great Interest

Headquarters Seminar “Cyprus Headquarters: Why and How” Aroused Great Interest

02.08.2022 PwC Cyprus said on Monday that its dedicated Headquarters Seminar titled “Cyprus Headquarters: Why and How” generated a lot of interest. The workshop, which took place on 28 July,..