CYPRUS: Wildfire alert as island suffers extreme heat and dust

CYPRUS: Wildfire alert as island suffers extreme heat and dust

As extreme temperatures and high dust levels grip Cyprus, the Forestry Department issued a ‘red alert’ for the very real possibility of wildfires. A “red alert” issued by the Forestry Department calls on the public to avoid all activities which could possibly cause a fire and appeals for everyone’s cooperation. Anyone who spots smoke or fire shou...
Local Friday, 31 May, 2019
CYPRUS: Technology and education best tools to fight art crime

CYPRUS: Technology and education best tools to fight art crime

The use of modern technologies, such as artificial intelligence to process the vast databases of artworks, as well as education at all levels, are the best tools to protect cultural heritage and combat art crime, the third largest criminal enterprise in the world, according to a leading expert. Maurizio Seracini, widely considered an authority on diagnostics of architecture an...
Local Thursday, 30 May, 2019
Unchanged the criteria for granting loans - Increased demand for mortgage loans

Unchanged the criteria for granting loans - Increased demand for mortgage loans

In the first quarter of 2019 Unchanged in the first quarter of 2019, compared to the previous quarter, the criteria for lending to businesses and households in Cyprus remained unchanged.  At the same time, the demand for housing loans continued to increase in the first quarter, while the demand for consumer loans remained unchanged. Banks expect th...
Local Tuesday, 28 May, 2019
Cyprus building & construction driven by passports

Cyprus building & construction driven by passports

Although the years of austerity in the Cyprus building and construction sectors appear to be over, pundits believe that they remain heavily dependent on the passport for investment scheme.  THE CYPRUS building and construction industries are enjoying a revival and continuing to regain the lost confidence of the crisis years, with stakeholders encouraged by an increase in ...
Local Monday, 27 May, 2019
Nicosia Hilton renamed The Landmark Nicosia by new owners

Nicosia Hilton renamed The Landmark Nicosia by new owners

After its acquisition by PANGAEA and Invel, the Nicosia Hilton is changing its name to The Landmark Nicosia.  The new name and logo will come into force on June 1.The change by the new owners was anticipated. Christoforos Papachristoforou, founder and managing director of Invel and executive vice president of PANGAEA said that with the change of ownership, the time has co...
Local Friday, 24 May, 2019
More Cypriots want to send their names to Mars

More Cypriots want to send their names to Mars

Around 600 people from Cyprus have so far registered to send their names to Mars with NASA`s Mars 2020 rover. NASA invited the public from all over the world to submit their names to fly aboard the next Mars mission. A press release by NASA says that although it will be years before the first humans set foot on Mars, NASA is giving the public an opportunity to send their name...
Local Thursday, 23 May, 2019
DBRS: Cyprus Faces Significant Credit Challenges

DBRS: Cyprus Faces Significant Credit Challenges

DBRS rating agency says that Cyprus faces significant credit challenges related to still sizable non-performing exposures (NPEs) in the banking sector, high levels of private and public sector debt, external imbalances, and the small size of its service-driven economy, which exposes Cyprus to adverse changes in external demand. In a media statement issued Monday, following the...
Local Wednesday, 22 May, 2019
New York’s Famed Wolfgang’s Steakhouse Soon to Open its Doors in Limassol

New York’s Famed Wolfgang’s Steakhouse Soon to Open its Doors in Limassol

The very first Wolfgang’s Steakhouse by Wolfgang Zwiener in Europe is set to welcome diners into a striking eatery on the main Limassol seafront road this June, delighting gastronomes and red meat connoisseurs in Cyprus’ buzzing cosmopolitan hub with the finest quality USDA Prime Black Angus beef. The renowned classic American steakhouse, and highly regarded celebr...
Local Tuesday, 21 May, 2019
EY Cyprus Recognised as National Tax Firm and National Transfer Pricing Firm of the Year

EY Cyprus Recognised as National Tax Firm and National Transfer Pricing Firm of the Year

EY Cyprus was named Cyprus Tax Firm of the Year for the second consecutive year and Cyprus Transfer Pricing Firm of the Year by ITR in recognition of the high quality tax services offered. The ITR European Tax Awards take place annually aiming to recognise distinguished tax service providers across Europe. The awards were presented at a gala dinner in London, on Thursday 16th&...
Local Monday, 20 May, 2019
Half of population now registered with Gesy, foreign nationals encountering problems

Half of population now registered with Gesy, foreign nationals encountering problems

ALMOST half of the population has registered with the National Health Scheme (Gesy), Health Minister Constantinos Ioannou said on Thursday but foreign nationals living in Cyprus say this is not the case as they continue to encounter numerous problems. The minister was speaking after a meeting President Nicos Anastasiades chaired where he was briefed by the Health Insurance Orga...
Local Friday, 17 May, 2019
Cyprus strong growth momentum continues but…

Cyprus strong growth momentum continues but…

Cyprus’ economic expansion is set to remain robust, driven by domestic demand, but risks are tilted to the downside, according to the European Commission’s spring 2019 economic forecast. CYPRUS economic growth is expected to remain strong, driven by domestic demand, but downside risks are on the rise, according to the European Commission’s Spring Economic For...
Local Friday, 10 May, 2019
Cyprus property sales at eleven year high.

Cyprus property sales at eleven year high.

Cyprus property sales in April reached the highest monthly figure recorded since September 2008 following a 61 per cent surge according to official figures from the Department of Lands and Surveys. April saw a sharp rise in Cyprus property sales compared to the numbers sold in the corresponding month last year, with the number of contracts deposited at Land Registry offices up...
Local Thursday, 09 May, 2019
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