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Cyprus also affected by energy prices despite not using natural gas

31.06.2022 The energy ministers of the EU countries discussed the energy situation in the EU as a result of the Russian invasion of Ukraine and further steps after the suspension..

Government will continue to support vulnerable groups against rising inflation

31.06.2022 The government intends to continue its support to vulnerable populations in the face of rising inflationary trends, said Finance Minister Konstantinos Petrides, speaking on the sidelines of the presentation..

Cyprus and the EU economies facing a “twin problem” following the war in Ukraine

31.06.2022 The EU and Cypriot economies are facing a "double challenge" of rising commodity and energy prices and increased uncertainty following Russia's invasion of Ukraine, according to a conference held..

Debt ratio decreases 30% for households and 57% for non-financial corporations

31.06.2022 Liabilities as a percentage of gross domestic product (debt ratio) for households have fallen by almost 30% and for non-financial corporations by 57% over the past five years, the..

Fiscal accounts generate surplus of €38 million in Q4 2021

31.06.2022 Cyprus fiscal accounts in the last quarter of 2021 showed a positive balance of 37.7 million euros compared to a deficit of 648 million euros for the corresponding period..

Cyprus property values growing

30.06.2022 The Cyprus property market is growing but rising in price as the number of properties increases by 1.5% and their total value increased by 2.2% based on January 2021..

Industrial output prices up 22%

30.06.2022 The Industrial Price Index for May 2022 reached 130.4 units (2015 base = 100), recording an increase of 22% compared to the corresponding month of the previous year, according..

Land Registry: 1,660,048 properties worth €186 billion

30.06.2022 A new total estimate of 1,660,048 properties in government-controlled areas of the republic, based on prices as of January 1, 2021, was released on Thursday by the Department of..

Right of tenant to file a reply

29.06.2022 A tenant's right to access a rent control court when rent arrears and possession of the rented space are brought can be reviewed by the court. The tenant shall..

New property development for Larnaca

29.06.2022 Larnaca's transformation is not limited to a €1.2 billion redevelopment of its marina and port, already in the making, as two residential towers and a hotel called the Staston..

Cypriot passport in fourteenth place

28.06.2022 According to the 2022 Henley Passport Index, the Cyprus passport ranks fourteenth out of 227 countries in the world. The index is an initial authoritative ranking of all the..

VAT rate on first homes rethink

28.06.2022 Faced with opposition from MPs and construction industry stakeholders, the government again agreed on Monday to revise parts of a bill that would reduce VAT on first homes. The..

Higher VAT on smaller homes ‘spells disaster’

28.06.2022 A European Union directive to reduce the size of homes eligible for a 5% VAT reduction has sparked outrage from real estate agents and developers, claiming it would jeopardize..

Non-performing loans rate in banking sector at 11.7% in January

27.06.2022 The level of non-performing loans in the banking sector of Cyprus is 11.7% of total loans at the end of January 2022, compared to 11.1% at the end of..

Things looking grim for real estate sector

27.06.2022 Our office spoke on the phone with a Reuters journalist who asked why there was no strong reaction in Cyprus to such EU proposals as a ban on the..

New lifeline for defaulted borrowers

26.06.2022 Cyprus must throw another lifeline to distressed borrowers to help them keep their homes under its ESTIA scheme for toxic mortgages, which failed to reach all applicants. This time,..

Cyprus mulls raising bar for expat retirees

26.06.2022 British retirees eyeing a retirement home in Cyprus may need to rethink their plans as changes proposed by the government to non-EU residence permits raise the bar for new..

Cyprus should strive to become an international development and business center

25.06.2022 The Large Projects Association (SMA) said on Friday that Cyprus should strive to become an international development and business center, noting that large projects are the cornerstone of the..

Quality scorecard for buying property

25.06.2022 I am often asked if adding quality to a project or property will add value? This is not an easy question, as it depends on what defines "quality" and..

Pissouri homeowners plead with MPs

24.06.2022 Residents of Pissouri on Thursday pleaded with MPs to help with growing problems as a result of ongoing landslides in the area, including banks following them. They asked for..

G. Misirlis: Converting tenants into buyers

23.06.2022 Changes in data on the real estate sector in Limassol. Increased demand, recorded by the local residential market, is gradually shifting the interest of developers to the construction of..

Association of Major Developments: Pillar of the Cypriot economy

23.06.2022 Over time, large investments in development have become a key pillar of the Cypriot economy, supporting the development and prosperity of our country. Tens of thousands of jobs, foreign..

The importance of submitting the sales document to the Land Registry is enormous

22.06.2022 The importance of filing a sales document with the Department of Cadastre and Land Management is mentioned in the fact sheet of the Department. As stated in the Bulletin,..

Constructions: Iron, steel, aluminum and plastic from… gold

22.06.2022 The cost of construction continues to rise, which has soared to an unimaginable level in a month. In fact, at a time when industry experts and those employed in..

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