News

Green-light expected for mortgage to rent scheme

01.05.2022 The government expects the European Commission to give the green light to roll out the mortgage-to-rent scheme soon. Speaking on state broadcaster Thursday, Giorgos Panteli, permanent secretary of the..

Pitfalls of sharing real estate

01.05.2022 It was normal and acceptable for the local population for decades, if not centuries, to own a share or part of the property, received mainly by inheritance; thus, the..

ECB: Stop Lagarde on workers’ demands for increases

28.04.2022 European Central Bank chief Christine Lagarde has rejected union calls to link wages to inflation at the Frankfurt institution as eurozone consumer prices rise. Adjusting workers' wages for inflation..

Incentives for attracting headquarters of foreign companies in Cyprus

28.04.2022 A bill providing favorable tax conditions to attract to Cyprus foreign and Cypriot professionals with a high standard of living and experience abroad, as well as to facilitate the..

Definitely decelerating growth rate, even possible recession

28.04.2022 Economic growth will certainly slow down, while the question remains whether we will have a recession, that is, negative growth and a decline in output, as a result of..

Uncovered checks worth €438,000 in April

28.04.2022 Bad checks worth €438,000 were presented to Cypriot banks in April, according to data released by the CBC on Wednesday. This is the largest monthly amount of false checks..

Sesek announced a partnership agreement with the Cyprus International Institute of Management

28.04.2022 The Cyprus Institute of Certified Management Consultants (Sesek) on Wednesday announced a partnership agreement with the Cyprus International Institute of Management (CIIM). The partnership implies that Sesek awards the..

Cost analysis of government office rents

23.04.2022 There is a lot of public discussion about leasing office buildings in the private sector for the government. On the one hand, some say that renting offices from the..

Audit firms decipher the new financial environment

22.04.2022 New data that emerged in connection with the crisis in Ukraine, commented on the top managers of international audit firms in Cyprus. Representatives from PwC, KPMG and Deloitte describe..

Hellenic Bank “clears” its balance sheet despite losses of 2021

21.04.2022 A loss of €11.7 million, mainly attributable to the Starlight project forecasts, was presented for 2021 by Hellenic Bank, which, however, has made significant progress in reducing the risks..

Moody’s upgraded Hellenic Bank citing significant improvement in asset quality

21.04.2022 Moody's Investor Service upgraded Hellenic Bank's long-term deposit rating to Ba3 from B1 with a positive outlook, citing a "significant improvement" in the bank's asset quality following the agreement..

Cyprus property sales hit €1.3bn in first quarter of 2022

20.04.2022 Property sales in Cyprus reached 1.3 billion euros in the first quarter of 2022, according to a land registry report released on Tuesday. At the same time, the data..

Altamira: 120 + 40 new properties

20.04.2022 For the Cyprus property market, Tuesday is synonymous with new properties for sale by Altamira Real Estate. Altamira Real Estate listed 120 new properties across Cyprus on Tuesday 19..

The dynamics of the real estate sector are confirmed

19.04.2022 The dynamics of the real estate sector in the first quarter of 2022 is reflected in the Department of Cadastre and Land Management data on comparative real estate sales..

IMF projects economic slowdown, high inflation

19.04.2022 Economic growth in Cyprus will slow to 2.1% in 2022, and inflation will jump to 5.3% due to the impact of the Russian invasion of Ukraine and Western sanctions..

Real estate sales almost reached €1.3 billion in the first quarter

19.04.2022 Real estate sales in Cyprus in the first quarter of 2022 amounted to almost 1.3 billion euros, according to data released by the Land Registry, the Real Estate Registration..

Construction materials prices up 19% in March

18.04.2022 Building materials prices in March 2022 continued the upward trend of the past 14 months, with the corresponding indicator increasing by 19.08% compared to the corresponding month of 2021...

€40-million plan to revive Nicosia’s city centre within the city walls

18.04.2022 The Cypriot government presented on Monday a plan for the revitalization of the center of Nicosia, located within the historic Venetian walls, for a total of 40 million euros,..

SOS for Limassol coast

18.04.2022 The new holistic environmental risk assessment of the coast of Limassol is the largest environmental research project for the city. It was presented to the public at the second..

Optimum use of your garden

18.04.2022 People are increasingly appreciating the opportunity to spend time outdoors, and people want to get the most out of their garden. There are many different ways to use your..

The principle of right and obligation

18.04.2022 Whoever benefits from the deal must also bear the burden. The basic principle of law is that a person who decides to accept the right associated with the fulfillment..

Passports revoked and law firms fined

17.04.2022 The Council of Ministers has decided to revoke the passports of four Russians and their family members who were granted Cypriot citizenship under the island's disgraced citizenship-by-investment scheme (also..

High inflation is the future

16.04.2022 Economists and authorities in Cyprus are increasingly concerned that the surge in inflation that hit the island will turn into a tidal wave that will last for several years..

Property values rise on regional unrest

16.04.2022 It turns out that someone else's poverty from time to time helps the real estate of Cyprus. Those of a more "mature" age will remember the Lebanese interest (as..

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