News

Cyprus trade deficit increases further

10.08.2022 Cyprus' trade deficit increased by 1.12 billion euros in the first half of 2022 compared to the corresponding period of the previous year, according to data released on Tuesday..

Board of directors of the Bank of Cyprus will meet to review the financial results of the Bank of Cyprus Group for the first half of the year

10.08.2022 The Bank of Cyprus announced on Tuesday that its board of directors will meet on Tuesday 30 August 2022 to review the financial results of the Bank of Cyprus..

How much are five-star hotels in Limassol worth?

09.08.2022 The estimated cost of the land on which one of Limassol's five-star hotels is built seems to be in excess of 200 million euros. At the same time, the..

Leptos Santorini Villas: The jewel of the Aegean

09.08.2022 Known for the beauty of its landscape, Greece is a country full of culture, myths and legends and a nation that prides itself on its rich heritage and traditions...

Major ecological disaster in the Akrotiri Salt Lake

08.08.2022 Recently, there has been a huge ecological catastrophe at the expense of one of the most important wetlands in the Eastern Mediterranean. We are talking about the destruction of..

Debt restructurings slow down

08.08.2022 Debt restructuring in Cyprus fell to €545 million in the first half of 2022 as loan renegotiation slowed after a record year due to the Covid-19 pandemic and NPLs..

Innovative real estate web platform now up and running

08.08.2022 The Council of Real Estate Agents announced on Monday that its new website is up and running, allowing the public to view the latest listings of properties available to..

Real estate resists inflation

07.08.2022 The real estate market moved with an upward trend during the first seven months of 2022, effectively making up for the losses of previous months. According to the Department..

The risk of economic stagnation

07.08.2022 Recent events suggest that the US and the EU are moving towards stagflation, that is, the coexistence of inflation and low economic growth, with adverse effects on unemployment and..

‘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

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

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

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

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

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

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

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

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

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

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

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

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

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

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..

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