News

President sends back foreclosure and VAT bills

02.08.2022 President Nikos Anastasiades refused to sign and sent back to parliament three bills recently passed by the House of Representatives: two related to VAT on electricity and fuel, and..

Habitat: Work is underway on the two towers in Larnaca

02.08.2022 An innovative residential complex Habitat is being created in Larnaca, which is being built by Quality Group. It consists of two residential towers (A and B) with 80 apartments...

It is taking forward the project which will create 4000 jobs

01.08.2022 The launch of the ambitious Larnaca Harbor and Marina Integrated Development Project is marked by its licensing by the Urban Development Authority with the contracting company KITION Ocean Holdings..

A park under construction in the heart of Pafos shopping center

01.08.2022 The Municipality of Paphos is starting to build a playground in Makariou, in the heart of the shopping center. According to the mayor of Paphos, Faidonas Faidonos, the local..

The absolute blue of the Leptos Group

01.08.2022 Greece is a country full of culture, myths and legends and a nation proud of its rich heritage and traditions. Greece and its islands, known for their natural beauty..

Developments worth tens of millions of euros that are in the works

01.08.2022 There are dozens of new developments that we will see in the next period in Cyprus, some of which are related to foreign and other Cypriot investments, in all..

The old GSP is being reborn – Work is progressing

01.08.2022 A major construction project at the historic stadium in Nicosia is proceeding at an intense pace. This is the site of an old GSP that is undergoing major renovation..

The building of the former “Pilavakis” hypermarket in Athalassa is for sale

01.08.2022 On the list of sales and investments of Gordian Holdings is the building of the famous Pilavakis supermarket on Athalassa Avenue in Strovolos. The building, which has housed the..

Banks granted €11.06 million in loans with state guarantees

01.08.2022 Three banks provided 16 loans worth 11.06 million euros under state guarantees, the Finance Ministry said on Friday. State-guaranteed loans were introduced last year as part of measures to..

Akamas Local Plan to be completed within the next few days

01.08.2022 The work required by the Ministry of Agriculture, Rural Development and Environment and in particular the Department of Environment for the Akamas Local Plan is expected to be completed..

The real estate market determines rental values

01.08.2022 The prevailing conditions in the real estate market will accordingly affect the rental value of the property. Determination of fair rent under statutory rent, in accordance with the clause..

The European Union should increase domestic production of critical raw materials

30.07.2022 Venus Minerals Chairman and Euromines President Mark Rahovides said on Friday that the European Union should increase domestic production of critical raw materials to accelerate the transition to clean..

Investor demand for green buildings

30.07.2022 The real estate and construction sector is recognized as one of the most important pillars of the Cypriot economy. This is due to its contribution to the gross domestic..

Imperio: The first 100 apartments of Sunset Gardens have been delivered

29.07.2022 The first tenants of Sunset Gardens, Limassol's first gated community and one of the most sustainable residential projects in Cyprus, are getting the keys to their new apartments that..

Cyprus ranks 20th in the EU digital economy and society index

29.07.2022 Cyprus ranks 20th among the 27 EU Member States in the Digital Economy and Society Index (DESI) 2022, up one position from 2021. According to the European Commission report,..

CBC: Reference interest rate το prevent usury at 8.93%

29.07.2022 The Central Bank of Cyprus (CBC) has calculated the base interest rate το to prevent usury at 8.93%. “The Central Bank of Cyprus, exercising its powers under article 314A..

Cypriot banks see a tightening of lending criteria in the second quarter of 2022

29.07.2022 Cypriot banks see a tightening of lending criteria in the second quarter of 2022 due to the uncertainty surrounding the Russian invasion of Ukraine, according to the Bank Lending..

Week of apartments and houses from Altamira Real Estate

28.07.2022 At a time when Cypriots are looking for ready-made apartments and houses, Altamira Real Estate offers unique opportunities ideal for any interested buyer. Properties in the popular areas of..

Payment request from Cyprus for €85 million under RRF

28.07.2022 The European Commission announced on Thursday that it received the first payment request from Cyprus under the Recovery and Resilience Fund (RRF) for 85 million euros in financial support..

Economic sentiment improved in June

28.07.2022 Economic sentiment improved in July, the Center for Economic Research at the University of Cyprus said on Wednesday. Specifically, in its monthly newsletter, the think tank reports that economic..

Deposits at €51 billion and loans at €28.7 billion in June

28.07.2022 Outstanding deposits reached EUR 51.3 billion in June and loans outstanding at EUR 28.7 billion, according to figures released Wednesday by the Central Bank of Cyprus, which are included..

Foreign investments key to sustainable growth

28.07.2022 Eugenios Evgeniou, chairman of the Cyprus Investment Promotion Agency, commonly referred to as Invest Cyprus, said on Wednesday that the country's efforts to attract foreign companies have helped increase..

Outstanding deposits in June reached 51.3 billion euros

28.07.2022 The Central Bank of Cyprus on Wednesday released a report showing outstanding deposits in June reached 51.3 billion euros. Moreover, the central bank's report also showed that the total..

CySEC receives Great Place to Work certification

28.07.2022 The Cyprus Securities and Exchange Commission received the Great Place to Work® certification. CySEC is the second government agency to successfully pass the Great Place to Work® assessment, according..

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