News

Tryfon Tseriotiswould be giving its employees extra days of annual leave

27.07.2022 Tryfon Tseriotis, a company that sells and distributes more than 40 local and international brands, announced on Tuesday that it would be giving its employees extra days of annual..

Modern two-story commercial building near the new GSP is being sold by AstroBank

26.07.2022 A two-story building of modern architecture in a privileged location in the Strovolos industrial area, despite the new GSP, is for sale by AstroBank. Built around 2010, the total..

Startups4Peace announced on Monday the launch of its 2022 program

26.07.2022 Startups4Peace (Su4P), an EU-funded innovative entrepreneurship project supported by the Finnish Embassy, announced on Monday the launch of its 2022 program. The program is implemented in partnership with the..

CBC downgrades its forecasts for Cyprus’ economic growth in 2022

25.07.2022 The Central Bank of Cyprus (CBC) lowered its forecasts for GDP growth in 2022 by 0.9 percentage points due to the negative consequences of the war in Ukraine and..

The new trends in Cypriot real estate and how the market is moving

21.07.2022 Cyprus real estate is facing new data and new trends as the pandemic and then the war in Ukraine with its aftermath brought significant changes to the daily lives..

Central Bank allays fears of property bubble

21.07.2022 At present, the real estate sector is not a destabilizing factor for the banking system, nor are there fears of a real estate bubble or leftovers from the defunct..

CySEC launches campaign to help tackle growing investment harm

19.07.2022 The Cyprus Securities and Exchange Commission (CySEC) has announced a new investor protection campaign to help deal with the growing international investment damage disaster. In the press release, CySEC..

Dynamics and strengths of the Investment Funds sector

19.07.2022 The data, reflected in the European Funds and Asset Management Association (EFAMA) Factbook 2022 - Trends in European Investment Funds, demonstrates the dynamics and strengths of the specific sector..

Irene Mylona-Chrysostomos recent appointment as the new Registrar of Companies and Intellectual Property

19.07.2022 The Cyprus Investment Funds Association (CIFA) released a public statement on Monday congratulating Irene Mylona-Chrysostomos on her recent appointment as the new Registrar of Companies and Intellectual Property. "Mrs...

At 19.42% the Price Index of Construction Materials in June

18.07.2022 The building materials price index was formed in June at 19.42% year on year, reflecting rising contractor costs as well as an upward trend in prices in the construction..

Panorama: Cyfield’s new attractive proposition in Platy Aglantzias

18.07.2022 A new attractive residential offer is presented to the market by Cyfield. This is the Panorama project, located in the qualitatively renovated Platis Aglantzias area in Nicosia, on Lambousas..

ΕC upgraded its forecast for Cyprus’ real GDP growth

18.07.2022 The European Commission has revised its summer forecasts for Cyprus real GDP growth in 2022 upward by 3.2%, almost one percentage point above its spring forecasts, while it estimates..

Uncertainty due to health crisis and geopolitical developments

18.07.2022 According to the Financial Stability Report released by the Central Bank of Cyprus on Monday, the Cypriot economy has recovered significantly in 2021. However, the geopolitical and energy crisis..

Turning tenants into buyers

17.07.2022 Changes have taken place in the real estate sector of Limassol. Recently increased demand in the local housing market is gradually shifting the interest of developers to the construction..

The share of non-performing loans in Cyprus rose to 11.4% in the first quarter of 2022

16.07.2022 According to a report published this week by the Central Bank of Cyprus, the share of non-performing loans (NPL) in Cyprus rose to 11.4% in the first quarter of..

The share of non-performing loans in Cyprus rose

16.07.2022 According to a report published this week by the Central Bank of Cyprus, the share of non-performing loans (NPL) in Cyprus rose to 11.4% in the first quarter of..

Altamira: New great opportunities in residential and commercial real estate

15.07.2022 Altamira Real Estate is preparing another week of great opportunities in all types of properties at amazing prices. The company presents on its website a variety of properties in..

AstroBank: Commercial property for sale near the General Hospital

15.07.2022 A commercial plot in the municipality of Strovolos, with an area of 5,214 sq.m. , in an excellent location between Leroy Merlin and the Mall of Cyprus, is for..

The fall of the CCLEI by 0.6% reflects the ongoing challenges

15.07.2022 The Cyprus Composite Leading Economic Index (CCLEI) recorded a 0.6% YoY decline in June 2022 after rising 1.4% in May and 3.9% in April 2022 based on the latest..

Parliament voted to expand the framework for attracting companies

15.07.2022 The Cypriot Parliament, by 50 votes in favor and one abstention, approved into law two bills of amendments aimed at expanding the framework for attracting companies to Cyprus. With..

House Plenum passes bill extending suspension of foreclosures

15.07.2022 The Cypriot Parliament on Thursday passed a bill to purposefully suspend property foreclosure until the end of October, and Finance Minister Konstantinos Petrides expressed frustration, arguing that failure to..

Cyprus economy did well in Q1 but risks remain says European Commission

15.07.2022 The European Commission said on Thursday that the Cypriot economy outperformed expectations in the first quarter of 2022, with a number of sectors outperforming forecasts. “The Cypriot economy unexpectedly..

Idek has provided funding for start-ups and other innovative businesses totaling 8.5 million euros

15.07.2022 This week, the Research and Innovation Foundation (Idek) announced that it has provided funding for start-ups and other innovative businesses totaling 8.5 million euros. The fund said it expects..

Karma’s modern-day paradise EDEN Residences opens doors

15.07.2022 Karma Developers has proudly completed and unveiled one of its most inspiring projects on the island's east coast: the EDEN Residence. On the evening of July 8, the Karma..

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