News

Nicosia City Center has been completed and is becoming a technology hub

07.07.2022 Foreign companies operating in the technology sector are expected to rent the first two floors of Nicosia city Center (NCC), the construction work of which has already been completed,..

Cohesion funds to provide stimulus for sustainable growth in Cyprus

07.07.2022 Support from EU cohesion funds will provide Cyprus with a new impetus for further sustainable growth, Commissioner for Cohesion and Reform Elisa Ferreira said on Thursday. Ferreira is visiting..

Vision 2035 connects the present with future challenges facing the economy

07.07.2022 Cyprus' long-term strategy for a new growth model called "Vision 2035" links the present to the major challenges facing the economy in the coming years and is based not..

Building permits dropped by an annual 10.7% in April

07.07.2022 Building permits fell 10.7% year-on-year in April, dropping to 560 from 627 in the corresponding period last year, according to data released by the Cyprus Statistical Office (CyStat). According..

EU funds to make Cyprus economy more competitive says commissioner

07.07.2022 President Nicos Anastasiades met on Thursday with EU Commissioner for Cohesion and Reform Elisa Ferreira, the latter traveled to Cyprus to announce the approval of the Cohesion Partnership Agreement..

Total new loans increased in May 2022 to €362.9 million

07.07.2022 According to a report released this week by the Central Bank of Cyprus, total new loans increased in May 2022 to €362.9 million . This was primarily due to..

Leptos Group: The luxury Golden Mile beachfront development

06.07.2022 Living in the coastal areas of Cyprus has many advantages, but one of the most important is living right by the sea. Research shows that those who live by..

Real estate: Rally in sales, better than before covid o June

06.07.2022 Beyond any optimistic scenario, the real estate market is in motion, which recorded a continuous upward trend in the last quarter. According to the Department of Lands and Surveys,..

Total of €362.9 mln in new loans this May

06.07.2022 Total new loans increased to 362.9 million euros in May this year, according to data released by the Central Bank of Cyprus on Tuesday, which is mainly due to..

Industrial turnover at its highest historical level in April 2022

06.07.2022 According to data released by the Statistical Office of Cyprus on Tuesday, industrial turnover reached its highest level in a month in April this year, recording a significant increase..

Economic strategy designed to tackle future challenges

06.07.2022 Finance Minister Konstantinos Petrides on Wednesday said the government's long-term economic strategy, Vision 2035, is action-based and designed to address the challenges Cyprus will face in the coming years...

Minister Kyriakos Kokkinos is taking part in the Government’s 26th Annual Roundtable of Economists

06.07.2022 The Deputy Ministry of Research, Innovation and Digital Policy on Tuesday announced that Minister Kyriakos Kokkinos is taking part in the Government's 26th Annual Roundtable of Economists, which runs..

EU employment rate improves

06.07.2022 Eurostat, the statistical office of the European Union, on Tuesday announced a slight improvement in overall EU employment in the first quarter of 2022 compared to the fourth quarter..

Five-star hotel and two towers of the Archdiocese in Paphos

05.07.2022 Under new circumstances, the Department of the Environment has given the green light to the Holy Archdiocese of Cyprus' bid to build the five-star Diamond Essence Hotel in Geroskipou,..

Apartment and house prices continue to bite

05.07.2022 Residential property prices are on an upward trend as, according to the House Price Index of the Central Bank of Cyprus, house prices in the first quarter of 2022..

Minister Vassilios Demetriades is currently on an official visit to Japan

05.07.2022 The Deputy Ministry of Shipping on Monday announced that Minister Vassilios Demetriades is currently on an official visit to Japan. During his stay in the country, the minister will..

Attracting foreign investments key for growth says president

05.07.2022 PwC Cyprus said on Monday that international investment is critical to the Cypriot economy, which was highlighted during the Invest Cyprus International Investment Awards. The event took place on..

DBRS: Hub of financial stability commercial real estate

04.07.2022 The commercial real estate sector remains an important sector in terms of the size of its assets and the impact this can have on financial stability, stresses the credit..

Nicosia’s new major development before prospective buyers

04.07.2022 GPR Green Park Residences Ltd, developer of The Courtyard, invited potential buyers to CVAR - Severis Foundation to present a residential project in Nicosia. Participants watched the presentation of..

GoDeals: Discounts on plots of land in Paphos

04.07.2022 Gordian is listing a number of new discounted lots for sale as part of its revamped GoDeals portfolio. The plots are located in the countryside of Paphos and are..

Cyprus will emerge stronger from the current crisis

04.07.2022 Cypriot President Nikos Anastasiades said on Friday that he is cautiously optimistic that the island, as it did during the 2013 crisis and the Covid-19 pandemic, will emerge stronger..

Harmonized inflation in Cyprus rose to 9.1%

04.07.2022 Harmonized inflation rose to 9.1% in Cyprus in June compared to June last year, setting a new all-time high, helped by rising energy prices. According to Eurostat's operational estimate,..

Fiscal Council warns of adverse revision of growth projections

04.07.2022 The Cyprus Fiscal Authority has expressed concern over the delays in the implementation of the Cyprus Recovery and Resilience Plan, warning that if further delays occur, it will unfavorably..

Bank of Cyprus announces voluntary retirement scheme

04.07.2022 The Bank of Cyprus on Monday announced that it will implement a voluntary retirement program that will aim to reduce its workforce by 15%, which is approximately 500-600 employees...

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