News

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...

G. Theocharidis: Vigilant for the orderly operation of the market

31.03.2022 The Cyprus Securities and Exchange Commission (CCC) is on full alert to ensure the continued smooth operation of the market, awaiting the risk assessment and responses it has requested..

Fiscal Council: Approval of Stability Program with asterisks

31.03.2022 The Financial Council of Cyprus has announced that it has unanimously approved the Stability Program estimates and projections, which will shortly be submitted to the Commission. However, he warned..

The Symbol Residence tower in Limassol is taking shape

31.03.2022 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..

The debt index of households and non-financial companies is down

31.03.2022 The debt ratio, that is, debt as a percentage of gross domestic product (GDP), of households has fallen by nearly 30% and non-financial corporations by 57% over the past..

Andreas Vyras: Larnaca is attractive to investors

31.03.2022 The municipality of the city aims to create a new Larnaca through a multi-faceted project, an important part of which is the integrated development of the port and marina,..

Petros Petrou: A blow, but the properties will withstand the sanctions

31.03.2022 Russia has been the most important market for the Cyprus real estate sector, and therefore Western sanctions have a negative economic impact, Oros Group CEO Petros Petrou said, noting..

Trilogy: Sales exceeded € 300 million

31.03.2022 At the last stage of completion of the first phase of its construction is the Trilogy project presented by Cybarco, which will beautify the coast of Limassol. In particular,..

Imperio House: The first Green jewel of Limassol

30.03.2022 True to the green philosophy that has been incorporated into its projects for many years, Imperio is proud to present Imperio House, Net Zero's first office building in Limassol...

Construction: Freezing of works, increases and all damaged

30.03.2022 The vertical and continuous rise in the cost of construction, which in many cases burdens the contractor and/or the buyer, public works that are threatened with the suspension of..

ECB President: Cyprus is a key player in EU and Eurozone

30.03.2022 Cyprus is not at the far end of Europe but at its heart and is a key player and a key member state in Europe and the Eurozone, European..

The Municipality of Nicosia informs about areas of Omorfita that fall under the Revitalization of Critical Areas Plan

30.03.2022 The Nicosia Municipality announces in an announcement that from March 4, 2022, applications will begin for a revised housing plan for the rehabilitation of the mountainous, critical and disadvantaged..

ECB chief confident Cyprus will ‘bounce back’

30.03.2022 European Central Bank (ECB) President Christine Lagarde, during her visit to the island on Wednesday, expressed confidence that Cyprus will recover from the setbacks caused by the coronavirus pandemic..

Government urged to challenge EC’s ruling on property VAT

30.03.2022 The Ministry of Finance will collect more data as part of its bid to convince the European Commission to agree to the republic's proposal to continue the agreement to..

Revoking golden passports to Russians ‘impossible’

30.03.2022 The EU's recommendation to member countries to revoke passports issued to Russian and Belarusian oligarchs on the bloc's sanctions list puts Cyprus in an awkward position. Lawyers warn that..

Moody’s confirmed RCB Bank’s B1 deposit ratings, with negative outlook

28.03.2022 Today, Moody's Investors Service affirmed the long-term deposit rating of RCB Bank Ltd. (RCB Bank) at B1 with a negative outlook. At the same time, Moody's downgraded the bank's..

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