News

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

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

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?

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

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

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”

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

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

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,..

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,..

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