Smart Drive: Anytime Cyprus’ innovative insurance scheme

Smart Drive: Anytime Cyprus’ innovative insurance scheme

Interamerican’s Anytime has recently introduced a new innovative insurance scheme to the Cypriot market called Smart Drive, created as part of the company’s vision of a safer future with fewer road accidents. Smart Drive has been designed to reward careful drivers. This happens from the innovative app Smart Drive Cyprus, which can be downloaded by anyone from the A...
Local Monday, 19 October, 2020
Construction of the Sewage System in Pyrgos and Parekklisia

Construction of the Sewage System in Pyrgos and Parekklisia

Construction of the Sewage System in the Communities of Pyrgos (Contract E17A) and Parekklisia (Contract E17B) Α ceremony took place on Friday 28/8/2020 at the Multipurpose Center of the Community of Pyrgos, for the signing of the Contracts for the construction of the Sewerage System in the Communities of Pyrgos and Parekklisia. The Contract concerning the Community of ...
Local Thursday, 01 October, 2020
Cyprus: How important is a Title Deed?

Cyprus: How important is a Title Deed?

The acquisition of a Title Deed is usually simple and straightforward, however, at times it can also involve a very complex and specialised process which understandably is not always very clear to the average person. Nevertheless, a Title Deed is a very important legal document which is used as evidence to prove ownership of immovable property, such as a home or a plot of land...
Local Friday, 28 August, 2020
Economic Sentiment Improves In August, Whereas Consumer Confidence Weakens

Economic Sentiment Improves In August, Whereas Consumer Confidence Weakens

Εconomic sentiment in Cyprus improved in August 2020, as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.9 points compared with July 2020. However, consumer confidence weakened considerably. According to a press release of the Economics research centre of the University of Cyprus, the increase in the ESI-CypERC was driven by confidence improvements among f...
Local Thursday, 27 August, 2020
Two Photovoltaic Parks Completed In Ayios Ioannis

Two Photovoltaic Parks Completed In Ayios Ioannis

Suntechnics ltd has announced that its cooperation with IRIS LENOR ENERGY LTD was completely successful. The company, a member of Green Energy Group has completed and delivered the project 35 and 43, with a capacity of 1.5 MWp each. Suntechnics ltd as a leader of photovoltaic systems, has taken over the Engineering, Procurement, Construction, Operation and Maintenance of two p...
Local Wednesday, 26 August, 2020
Small increase in new homes

Small increase in new homes

The Cyprus construction sector staged a slight recovery May falling by just 0.1% compared to May 2019, the month that the Covid-19 containment measures started to be lifted, according to official figures released by the Cyprus Statistical Service earlier today, with 708 building permits issued compared to 709 in May 2019. The total area of the permits fell by fell by...
Local Tuesday, 25 August, 2020
Cyprus’ first retirement village planned in Paphos

Cyprus’ first retirement village planned in Paphos

Construction of the first purpose-built retirement village in Cyprus is due to get underway in Tsada, Paphos next year. The much-anticipated project is already garnering a huge amount of interest with the ageing expat population, according to the company building it. “The idea came from the founder of the project Lazaros (Lakis) Papadopoulos, who also owns the land in Ts...
Local Monday, 24 August, 2020
Paphos parking gets ‘smart’

Paphos parking gets ‘smart’

Paphos aims to become the first town in Cyprus to implement ‘Smart’ parking and a tender for the project was launched at the weekend, according to municipal officials. “The municipality of Paphos announced the tender for the supply of a “smart” parking management system, with an estimated cost of €1.2 million and an installation duration of s...
Local Tuesday, 11 August, 2020
Completion and delivery of two additional photovoltaic parks

Completion and delivery of two additional photovoltaic parks

Two additional photovoltaic parks, with a total capacity of 2.5MW were completed and connected to the EAC national network, from L&T Sun Power Ltd. The two parks are part of a larger development program of photovoltaic parks of the company, aiming at producing energy from Renewable Energy Sources with a total capacity of 10MW. L&T Sun Power Ltd, combines the joint effo...
Local Thursday, 06 August, 2020
Cyprus gets EBRD and EU financing for natural gas

Cyprus gets EBRD and EU financing for natural gas

Cyprus’s dependency on oil for energy will be reduced after a €374 million landmark project introduces natural gas to the country for the first time. Cyprus will benefit from cleaner air and reduced energy costs thanks to the introduction of natural gas to the country, with a project jointly financed by the European Bank for Reconstruction and Development (EBRD), th...
Local Tuesday, 04 August, 2020
Interior minister announces fast-track building permits

Interior minister announces fast-track building permits

A planning or building permit will be readily available between 10-20 days as part of a new move to cut bureaucracy, Interior Minister Nicos Nouris said on Wednesday. In a press conference, Nouris said the fast-track would begin as of October 1. Those who submit the application in writing will have the permit ready in 20 days while those who apply online can have the permit in...
Local Thursday, 30 July, 2020
Cyprus will see tourists from the UK, says ACTA president

Cyprus will see tourists from the UK, says ACTA president

When Cyprus opens to UK tourists – who must still be tested – on 1 August, individual tourists will come, says President of the Association of Cyprus Travel Agents Vassilis Stamataris, in an interview with the Cyprus Mail. Stamataris explains that ACTA has done research in the UK, and has found that there is pent-up demand. ACTA has also found a very big company th...
Local Wednesday, 29 July, 2020
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