News

1% of GDP surplus for general government in the first quarter

05.04.2022 The preliminary budget results prepared by the Statistical Office for the period January to March 2022 show a general government surplus of 1% of GDP, amounting to EUR 239.3..

Misirlis: Ensuring price stability in real estate is a challenge

05.04.2022 While war is raging in Ukraine, with all the ensuing consequences for the people and the country itself, Europe is seeing economic consequences in various sectors of the economy,..

Spike in Covid-19 cases tightened lending criteria for corporate loans in Q4 2021

04.04.2022 An increase in daily Covid-19 infections in Cyprus and heightened uncertainty about the impact on the real economy has led Cypriot banks to tighten corporate lending criteria in the..

Non-performing loans rate declined to 11% in end-2021

04.04.2022 The share of non-performing loans in the banking sector of Cyprus decreased to 11.1% of total loans at the end of December 2021, compared to 17.7% at the end..

CBC maintains countercyclical buffer to 0% for banks and investment firms

04.04.2022 The Central Bank of Cyprus has kept the Countercyclical Buffer (CCyB) for banks and investment firms at 0% of total exposure for the period from April 1, 2022 to..

What lies ahead for real estate?

04.04.2022 The end of 2021 has not undergone major changes in the real estate sector of Cyprus. The lower end of the housing market, targeted at local residents, with properties..

Choice of a competent court

04.04.2022 The case is referred to the competent court if it has jurisdiction. The choice of the court in which the case is brought depends on its jurisdiction, and in..

Greece: Annual inflation shot up to 10.2% in April

04.04.2022 Inflation climbed to 10.2% in April, reaching around mid-1990s levels with the drachma as the currency, mainly due to energy prices, which led to a 6.61% increase in the..

Joint proposal for a law in the Plenary on very small companies

03.04.2022 Debate on bills to amend company laws and collect taxes has been completed in the Chamber of Commerce committee, and its members announced that they have agreed to submit..

Michalis Hatzipanagiotou: Incentives for attracting investors to Cyprus

02.04.2022 Michalis Hatzipanagiotu, President of the Pan-Cyprus Association of Land and Construction Entrepreneurs and CEO of Cybarco Development Ltd, says it is necessary to create incentives to attract investors to..

Altamira: 10+1 houses and apartments from €70,000

01.04.2022 Ready-to-let houses and apartments monopolize the interest of Cyprus buyers interested in investing in real estate. According to real estate professionals, the pandemic and the changes it has brought..

Invest Cyprus: Dynamic at the International Hospitality Investment Forum

01.04.2022 The leading conference of the tourism investment industry, the International Hospitality Investment Forum (IHIF), which is now in its 24th year in Berlin, was attended by a delegation from..

Andreas Vyras: Weakness and priority of Larnaca; local government reform

31.03.2022 Weakness and Priority What weaknesses do you think need to be improved immediately? There are many problems in the city that need to be addressed. However, their decision is..

Andreas Vyras: Larnaca will no longer be considered a “poor relative” among other cities

31.03.2022 Is it possible to say that Larnaca will no longer be considered a "poor relative" among other cities? I never agreed that Larnaca was a poor relative. I believe..

Meeting of the ECB President and Christine Lagarde

31.03.2022 Christine Lagarde said she was very happy to be back in Cyprus, noting that today they exchanged views on the global economic situation, as well as the drama that..

New projects in Larnaca, Nicosia

31.03.2022 Work on the reconstruction of the old GSP stadium in the very center of the capital continues. According to a source in the municipality, the €19.2 million renovation will..

Cypriot museum in the old hospital

31.03.2022 The project for the construction of the new Cyprus Museum is currently under development following the recent announcement of a tender for a contract to build the project. The..

Cyprus is a magnet for investment funds

31.03.2022 The decision to invest in foreign countries contains a number of clarifications. The investor studies and analyzes data such as the legal framework, ETFs, and stock market opportunities. However,..

Building permits: Area increased, value decreased

31.03.2022 The number of building permits issued by municipal authorities and district administrations in December 2021 rose to 778. According to the Statistical Service, the total cost of these permits..

Cyprus is developing into a regional center for business and investment

31.03.2022 Cyprus has many advantages as an investment destination which is constantly attracting more and more international organizations. An extensive network of bilateral investment treaties with about 30 countries and..

The real estate sector is building solid foundations for 2022

31.03.2022 Significant mobility is recorded in the real estate sector in all provinces of Cyprus, as follows from the relevant data of the Land Registry, there is an increase in..

Ready-made solutions for buying a house and apartment from Altamira

31.03.2022 Unique opportunities relate to ready-made houses and apartments that monopolize the interest of buyers in Cyprus. The property is free and can be occupied immediately by both the buyer..

Cyprus Banks Association: None of our member banks in the sanctions

31.03.2022 The member banks of the Cyprus Banking Association are in full compliance with the imposed sanctions of the European Union and comply with the new framework, as they are..

Fixed deposit rates, reduced mortgage rates

31.03.2022 The interest rate on term deposits of individuals for a period of one year remained unchanged at 0.06% in January 2022 compared to December 2021, the Central Bank said...

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