Property Canvas - Paphos Properties for sale and rent

Cyprus joins Mars Society which advocates colonisation of Red Planet

Cyprus has become a member of the international Mars Society, which seeks to promote the exploration and colonization of the planet. The Cyprus Space Exploration Organisation (CSEO) concluded an agreement through which the Cypriot chapter of the Mars Society is founded. The local chapter will drive Mars-related research domestically and in cooperation with other nations (www....

Local Tuesday, 28 January, 2020

China’s global success story achieved through hard work

The worst advertisement for communism, undoubtedly, was the Soviet Union’s dysfunctional economic system, which apart from offering the very basics for subsistence to its citizens merely reproduced poverty. The low standard of living of its population seemed to be a constant, improvements, if any, slow and barely discernible. Compare this to the People’s Republic o...

Business Monday, 27 January, 2020

Greenhouse Gas Emissions From Waste Have Fallen In the EU

Between 1995 and 2017, greenhouse gas emissions from waste in the EU have fallen by 42%, according to estimates by the European Environmental Agency. The amount of emissions from waste depends on how the waste is treated. For example, when waste is landfilled, the organic material in the waste decomposes and produces gas. The reduction in emissions from solid waste dispos...

International Friday, 24 January, 2020

Affordable housing incentive scheme fails

The government’s affording housing scheme, which offers developers incentives to provide cut-priced homes for low-income groups, has failed to attract developers wishing to participate in the programme. Government efforts to counter rising rents and homelessness by giving incentives to building developers to put cheaper flats on the market has fallen short. Part of...

Local Thursday, 23 January, 2020

Cyprus repays crisis-era IMF loan ahead of schedule

NICOSIA, Cyprus — Cyprus has paid off ahead of schedule an International Monetary Fund loan that was part of a multi-billion euro financial rescue deal in 2013, the finance minister said Tuesday. Minister Constantinos Petrides said the loan’s early repayment would bolster the country’s credibility in the eyes of investors and improve its ability to ra...

Local Tuesday, 21 January, 2020

Law passed to regulate Airbnb rentals

The owners of self-catering accommodation with services such as Airbnb will now have to register with the state under a new law passed by the House of Representatives on Friday. The bill, which covers both new and existing accommodation, was passed by 52 MPs for and two MPs against. The bill was proposed by ruling Disy party head Averof Neophytou and Edek MP Elias Myrianthous...

Business Monday, 20 January, 2020

Haunted hotel hopes to attract royalty again

Berengaria, the once-proud mountain resort, is poised to revive its former glory as a royal playground with owners of the derelict hotel agreeing on a deal with property developers Planetvision. Bank of Cyprus failed to sell the building at auction for €2.3 mln after coming into possession of the property through a debt-to-asset swap with a distressed borrower. Afterward...

Local Friday, 17 January, 2020

Cyprus looks ahead after breaking more tourist records

Cyprus Deputy Ministry of Tourism is satisfied as 2019 ended with a bang, breaking last year’s record for tourist arrivals after efforts to recover lost airline seats from major markets such as Germany and Britain. Deputy Tourism Minister Savvas Perdios while presenting the junior ministry’s achievements for 2019, said that deals with airlines such as Condor and ot...

Local Thursday, 16 January, 2020

Renewable Power Is Only Part of the Solution to Meet Net-Zero Targets

To meet net-zero targets, investment is needed not just in renewable generation, but also in the electrification of transport and heat, hydrogen power and smart grid infrastructure, according to the 54th EY Renewable Energy Country Attractiveness Index (RECAI). EY’s report highlights how the deployment of key technologies, such as distributed energy resources, electric v...

International Wednesday, 15 January, 2020

Paphos: 10th Best Value Destination for UK Travellers in Post Office Barometer

Paphos has been ranked 10th best value for money destination for UK travellers in an annual report released by the Post Office Travel Money’s Worldwide Holiday Costs Barometer featured in British newspapers on Saturday. It ranked ninth in last year’s report. The Post Office barometer monitors the price of eight tourist items – comprising dinner for two with a...

Local Tuesday, 14 January, 2020

Anti-Gravity Hill near Paphos: surreal optical illusion

The Cyprus’ anti-gravity hill is located near the village of Droushia on the west coast of the island between Paphos and Polis, more precisely  –  after the exit towards Polis moving out of Droushia. An anti-gravity hill, (also known as a magnetic hill), is a place where the layout of the surrounding land produces an optical illusion, making a slight down...

Local Monday, 13 January, 2020

British royals feel hurt by the way Harry and Meghan quit

Britain’s royal family is hurt and disappointed by Prince Harry and his wife Meghan’s surprise announcement that they will step back from their senior roles and spend more time in North America, a royal source said. Harry and Meghan’s decision to step away from royal duties sent shock waves through the royal family as neither Queen Elizabeth nor Prince Charle...

International Friday, 10 January, 2020