News

They request acceleration of procedures for the Paphos Marina

03.05.2022 Both the Large Developments Association and the Paphos Chamber of Commerce and Industry expect the Deputy Ministry of Tourism to present the findings of the feasibility study prepared by..

The real estate market slowed down

03.05.2022 With a positive sign, but with a slight increase, real estate moved in April, ending the upward rally of the previous months of 2022. According to the Department of..

AstroBank: Plots of land for sale from €1000

03.05.2022 AstroBank has agricultural plots for sale in various areas of Cyprus such as Kalopanayiotis, Kallepia and other locations, starting from 1000 euros and offered for own use or investment...

The Symbol Residence tower in Limassol is taking shape

03.05.2022 The construction work on the construction of a multi-storey residential complex in the privileged area of Agios Tychonas in Limassol is proceeding at an intensive pace. This is a..

NCH Capital Inc.: The four move checkmate in Larnaca

03.05.2022 With $3 billion under management and a rich portfolio of projects around the world, most recently the major tourism development in Corfu, NCH Capital saw a significant investment opportunity..

Plan for student residences creation a step towards permanent revitalisation of old Nicosia

03.05.2022 Applications for the Refurbishment and Development of Student Residences and Rooms Grant Scheme under the Nicosia Old City Revitalization Action Plan were announced on Monday at a joint press..

Photos Photiades Homes: Successfully completed Acropolis Mansions

02.05.2022 Photos Photiades Homes successfully completed the Acropolis Mansions project, delivering it on schedule and with the high quality that characterizes all of the firm's projects. The project's privileged location,..

The Kykkos in Engomi and the frequent changes of shots

02.05.2022 The division of a large part of the Holy Monastery of Kykkos in Engomi came to the fore again in order to create a multifaceted building. The planning and..

The misfortune of other countries can lead to positives for us

02.05.2022 When it comes to real estate, it turns out that the poverty of other countries helps Cyprus from time to time. Those of a more "mature" age remember the..

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..

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