General
Cyprus property sales surge in May

Cyprus property sales surge in May

During May 2019 a total of 1,423 contracts were deposited for the sale of commercial and residential properties and land compared with 828 in May 2018 – and the largest monthly figure recorded since July 2008 when 1,542 contracts were deposited. Of those 1,423 contracts, 800 (59%) were deposited by Cypriots and the remaining 623 (41%) by non-Cypriots – 147 of whom w...
General Thursday, 20 June, 2019
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ExxonMobil makes biggest natural gas discovery in two years off the coast of Cyprus

ExxonMobil makes biggest natural gas discovery in two years off the coast of Cyprus

Cyprus has hailed a significant discovery of natural gas offshore, highlighting the Mediterranean island’s prospective role as an alternative source of energy to Europe. Amid rising tensions over hydro carbons in the eastern Mediterranean, the US energy giant ExxonMobil announced that deep-water drilling south of the coastal city of Limassol had yielded “encouragin...
General Thursday, 28 February, 2019
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Property sales up 6% in October

Property sales up 6% in October

The number of property sales in Cyprus continued to rise in October with the number of sales contracts deposited at Land Registry Offices across the Republic up 6 per cent compared with October 2017.Property sales have been rising for 18 consecutive months and this October rise follows rises of 14% in September, 14% in August and 21% in July. During October a total of 811 contr...
General Tuesday, 13 November, 2018
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Green light for Limni Golf Resort off Polis - maybe!

Green light for Limni Golf Resort off Polis - maybe!

Controversial plans to build a multi-Euro golf course and resort complex at Limni at Polis Chrysochous have been approved after the latest environmental study that found the plans fully met environmental laws and recommendations of the European Commission. - Permission was granted after their latest environmental study was found to be in accordance with the national environment...
General Thursday, 09 August, 2018
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DBRS: Economic growth is projected at 3,8 in 2018 and 3,6 in 2019

DBRS: Economic growth is projected at 3,8 in 2018 and 3,6 in 2019

Following the recent DBRS sovereign rating upgrade on the Republic of Cyprus, DBRS notes that “The upgrade is driven by the reduction in Cypriot banks’ non-performing loans (NPLs) and Cyprus’s better-than-expected fiscal performance. The banking system’s stock of NPLs fell by 14% last year. Also in 2017, the fiscal surplus came in at 1.8% of GDP, above...
General Tuesday, 29 May, 2018
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Cyprus Airways takes delivery of its second aircraft - A319

Cyprus Airways takes delivery of its second aircraft - A319

Cyprus Airways has taken delivery of its second Airbus A319. The  new aircraft will be integrated directly to the company’s summer flight program. “We are very excited to welcome this new addition to our family. Today’s delivery is a testament to Cyprus Airways’ commitment to continued expansion” stated Natalia Popova, Chief Commercial Offi...
General Tuesday, 29 May, 2018
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Majority of tourists express full satisfaction with holidays in Cyprus

Majority of tourists express full satisfaction with holidays in Cyprus

More than seventy percent of the tourists who participated in a survey commissioned by the Cyprus Tourism Organisation said they were completely satisfied with their stay in Cyprus between July and October 2017, the CTO said on Tuesday 14 November, the Cyprus News Agency reports. At the same time, the number of those who cited security matters for choosing Cyprus has increased....
General Thursday, 16 November, 2017
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Juncker: Turkey is stepping away from the European Union, its basic philosophy, its tradition, and its ambitions

Juncker: Turkey is stepping away from the European Union, its basic philosophy, its tradition, and its ambitions

President of the European Commission Jean Claude Juncker has called on Turkey to "re-become European", repeating his earlier comments that "Turkey for the time being is stepping away from the European Union", and that "some of the Turkish authorities are trying to blame the European Union for having broken the enlargement or accession promise". President Juncker was answering ...
General Thursday, 09 November, 2017
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Paphos Included in Lonely Planet’s Top 10 destinations

Paphos Included in Lonely Planet’s Top 10 destinations

Paphos has been named the ninth best European destination in Lonely Planet’s top ten places for international travellers to visit this summer. The travel media company, one of the world’s leading guidebook publishers, made the announcement on Tuesday morning, the Cyprus Mail reports. Paphos received the accolade in Lonely Planet’s Best in E...
General Tuesday, 23 May, 2017
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Limassol casino contracts imminent

Limassol casino contracts imminent

The Melco-Hard Rock consortium is expected to sign contracts for the construction of the multimillion euro casino project in Limassol later this month and should open temporary casinos later this year. A temporary casino will open in Limassol in October 2017 and will operate until the multi-million Euro casino, which will be built next to My Mall at Zakaki, opens for business i...
General Saturday, 22 April, 2017
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