News

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..

CySEC received 18 applications from crypto asset providers

18.08.2022 Following news that international financial technology firm Revolut had received approval to set up a crypto hub in Cyprus, the Cyprus Securities and Exchange Commission (CySEC) on Wednesday confirmed..

“New form budget allows better use of money and resources”

18.08.2022 The Ministry of Finance on Wednesday announced that the state budget for 2023 and the Medium Term Fiscal Program (TFP) for 2023-2025 are being drawn up in a dual..

Intense interest of Paphites for the Historical Documentation Center

17.08.2022 Another landmark project is entering the process of implementation, which will highlight the centuries-old historical heritage of Paphos in a modern and attractive way, while increasing the number of..

Finance Ministry prepares state budget in two formats

17.08.2022 The Ministry of Finance announced that they would prepare the state budget for 2023 in two formats in the context of the transition of the civil service to the..

In June 2022, the international trade deficit in the euro area amounted to 24.6 billion euros

17.08.2022 Billion euros, according to a report released on Tuesday by the European Union Statistical Office (Eurostat) . In addition, the trade deficit amounted to 34 billion euros for the..

Revolut to create new crypto hub in Cyprus, praises CySEC

17.08.2022 Revolut, a British financial technology company specializing in digital banking, this week received approval from the Cyprus Securities and Exchange Commission to provide cryptocurrency and digital asset services. The..

The new towers that will rise in the cities of Cyprus

16.08.2022 Various areas of Cyprus are being enriched with new towers that concern residential, commercial and mixed developments and are planned to be realized in the coming years, with most..

Cypriot bonds purchased by ECB reach €4.29 billion

16.08.2022 Cypriot bonds purchased by the ECB under the Public Sector Purchase Program (PSPP) totaled €4.29 billion at the end of July as the ECB stopped net purchases under its..

Νeed to assess borrower’s credit behavior

16.08.2022 The recent annual conference of the European Association of Credit Bureaus "ACCIS" highlighted the important role of credit bureaus for the national economy and the need to assess the..

NPEs mark increase for second consecutive month

16.08.2022 Non-Performing Loans (NPE) in the Cypriot banking system stood at €2.93 billion in April 2022, marking a slight increase for the second month in a row. According to data..

Construction materials prices up 18% in July

16.08.2022 Building material prices rose slightly on a monthly basis in July, but recorded a significant increase compared to the same month of the previous year, according to data released..

Donation agreement between parent and child

15.08.2022 The donation agreement should be simple, clear and without reservations. A parent who wishes to transfer property to a child should not leave unresolved issues that may cause disputes..

A new traffic problem in the making

15.08.2022 The Department of the Environment has given the green light for the establishment of a new Jumbo store in the former Mazda Showroom in Latsia, Nicosia. This will definitely..

Plots of land, ideal for building a large residence in Dali and Nisos

13.08.2022 During a period of rapid housing development in Nicosia when demand for property is high, Altamira Real Estate offers eight plots of land in the up-and-coming areas of Idali..

The subsidized amounts for residence in the center of Nicosia

13.08.2022 The grant scheme for the purchase of a private residence in the walled city of Nicosia remains open until the end of 2022. The grant is part of an..

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