Guide to residency in Cyprus

Guide to residency in Cyprus

There will be changes to the way that UK nationals can live, travel and access services in Cyprus after 31 December 2020. The below FAQs explain the importance of obtaining or updating your residency status, the benefits that residency gives you and the difference between temporary (MEU1) and permanent residency (MEU3). Please visit the GOV.UK Living in Cyprus guide&nbsp...
Local Tuesday, 30 June, 2020
Economic Sentiment and Employment Indicators Rise After Lockdown

Economic Sentiment and Employment Indicators Rise After Lockdown

In June 2020, the recovery of the Economic Sentiment Indicator (ESI), which had tentatively started in May, intensified, according to data released today by DGECFIN, the Directorate General for Economic and Financial Affairs of the European Commission, the CNA reported.According to DGECFIN, registering,  the sharpest month-on-month increase on record in the euro area ...
Local Tuesday, 30 June, 2020
Economic climate in Cyprus improves following a two-month significant drop due to Covid-19

Economic climate in Cyprus improves following a two-month significant drop due to Covid-19

Economic sentiment in Cyprus marked a 2.3 point increase in June following significant reductions in the last two months, affected by the lockdown measures to curb the spread of the coronavirus epidemic, the University of Cyprus’ Economic Research Centre (ERC) has said. The Economic Sentiment Indicator (ESI-CypERC) rose to 75.2 units in June from 72.9 in the previous mon...
Local Monday, 29 June, 2020
Cyprus to welcome Brits back by July 15 with cheap deals, says tourism minister

Cyprus to welcome Brits back by July 15 with cheap deals, says tourism minister

Brits will be able to travel to Cyprus again for a holiday from July 15, the country's deputy tourism minister has announced. Not only that, but cheap deals and bargains are to be expected to entice international tourists back to the island for the summer season. Cyprus has managed to keep coronavirus cases to under 1,000, after stopping all flights and closing their bor...
Local Friday, 26 June, 2020
Work starts on largest bus terminal in Cyprus

Work starts on largest bus terminal in Cyprus

Work to construct the largest bus terminal in Cyprus got underway in Paphos old town on Wednesday, Paphos municipality announced. “One of the most important projects in Paphos, that of the largest bus terminal in Cyprus, to be built in the municipal parking lot Karavella, started today,” the municipality said in an announcement. The creation of a modern transport ...
Local Thursday, 18 June, 2020
Historic deal allows property development in British Bases

Historic deal allows property development in British Bases

Cypriots who own land in non-military areas inside the British Bases will be able to sell or develop their properties, following a milestone agreement between Cyprus and the UK. In what was hailed by President Nicos Anastasiades as a historic moment, Cyprus and the UK signed an agreement which will see the British Bases allowing the development of certain areas for t...
Local Tuesday, 16 June, 2020
Cabinet greenlights phase 2 of lockdown exit plan, beaches to open May 23

Cabinet greenlights phase 2 of lockdown exit plan, beaches to open May 23

Phase two of the lockdown exit strategy will go ahead as planned on Thursday, with the government also bringing forward the opening of beaches to May 23. This was announced by government spokesman Kyriakos Koushos after a meeting on Tuesday of the Council of Ministers. He said that after taking into consideration the advice from the team of scientists, the Cabinet had decided...
Local Wednesday, 20 May, 2020
Strong growth in construction continues

Strong growth in construction continues

The strong growth in the Cyprus construction sector continued in November with building permits authorised for the construction of 909 new homes according to official statistics from the Cyprus Statistical Service. THE CYPRUS construction sector maintained its strong growth in November 2019 with 707 building permits issued compared to 597 in November 2018, an increase of 18.4%...
Local Thursday, 27 February, 2020
Nicosia among top small European cities of the future

Nicosia among top small European cities of the future

Nicosia has been named as the top small European city of the future for human capital and lifestyle, Invest Cyprus said on Thursday. The capital was also ranked among the top 10 small European cities of the future for foreign direct investment (FDI) strategy, reflecting the island’s increased efforts to attract inward investment. The annual list by FDI magazine, publish...
Local Monday, 24 February, 2020
Highest Volume of Tourist Arrivals Ever Recorded For The January Period

Highest Volume of Tourist Arrivals Ever Recorded For The January Period

On the basis of the results of the Passengers Survey released by Cystat, arrivals of tourists reached 85.622 in January 2020 compared to 81.970 in January 2019, recording an increase of 4,5%. January 2020 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month. Analysis of changes Tourist arrivals from Israel increased by 58,0% i...
Local Wednesday, 19 February, 2020
Number Of Students Choosing Cyprus’ Higher Education Institutions Constantly Rises

Number Of Students Choosing Cyprus’ Higher Education Institutions Constantly Rises

The number of students in Cyprus’ higher education institutions is constantly rising, the President of Cyprus, Nicos Anastasiades, said on Thursday evening, the CNA reports. Addressing a graduation ceremony of postgraduate students, at the University of Cyprus, the President said that according to official statistical data, from a total of 32,000 students in Cyprus&rsquo...
Local Monday, 17 February, 2020
Cyprus GDP Set To Grow Over The Next Two-Year-Period According To Commission Forecast

Cyprus GDP Set To Grow Over The Next Two-Year-Period According To Commission Forecast

The economy in Cyprus will grow by 3.2% in 2019, 2.8% in 2020 and 2.5% in 2021, according the European Commission`s Winter Economic Forecast, published today in Brussels, and presented by Commissioner Paolo Gentiloni. Inflation will be 0.8% in 2020 and 1.2% in 2021 and "downside risks are primarily external notably a potential slowdown in foreign demand for residences and ...
Local Friday, 14 February, 2020
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