Slight Increase In Monthly Earnings Of Cyprus Employees In Q1 2020

Slight Increase In Monthly Earnings Of Cyprus Employees In Q1 2020

The average gross monthly employee earnings for the first quarter of 2020 (€1,956) marked a 3.3% increase from the corresponding quarter of 2019 (€1,894), according to provisional data released by Cystat. Τhe average gross monthly earnings during the first quarter of 2020, seasonally adjusted, are estimated at €2.019 and compared to the fourth quarter of 201...
Business Tuesday, 30 June, 2020
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
COVID19: Cyprus property market will rebound in 2021

COVID19: Cyprus property market will rebound in 2021

Supply-side in recent years saw an increasing pipeline of high-priced residences come to the market with values derived primarily from the Cyprus Passport Scheme benefits rather than any Real Economy market drivers. The main bulk of buyers for these passport properties have been Russian and Chinese citizens but demand has waned increasingly over the last 12 months. ...
Real Estate Thursday, 25 June, 2020
Cyprus property sales expected to stabilise

Cyprus property sales expected to stabilise

Industry experts expect property sales in Cyprus to stablise, as the country emerges from the novel corona-virus crisis. The number of property sales dropped 71 per cent in May in terms of number of transactions recorded at the Land Registry. “But there is every indication that sales will gradually return to pre-crisis levels,” comments George ...
Real Estate Monday, 22 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
Q1 2020: Global housing markets remained vibrant on the eve of the pandemic, especially in Europe and the US, but outlook is now uncertain

Q1 2020: Global housing markets remained vibrant on the eve of the pandemic, especially in Europe and the US, but outlook is now uncertain

During the year to Q1 2020: Global housing markets remained strong during the year to March, especially in Europe. Real house prices (i.e., prices adjusted for inflation) rose in 29 out of the 50 world's housing markets which have so far published housing statistics. The more upbeat nominal figures, more familiar to the public, showed house price rises in 38 countries, and ...
Real Estate Wednesday, 17 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
Quality of Europe’s bathing waters remains high, latest annual assessment finds

Quality of Europe’s bathing waters remains high, latest annual assessment finds

The quality of Europe’s bathing water remains high, according to this year’s European bathing water quality assessment published today. Just under 85 % of swimming sites across Europe monitored in 2019 met the European Union’s highest and most stringent ‘excellent’ quality standards. The results published by the European En...
International Monday, 15 June, 2020
Paralimni Marina set to launch this summer

Paralimni Marina set to launch this summer

The new waterfront destination set to transform Cyprus. Launching this summer, Paralimni Marina will include 123 two – four-bedroom apartments and villas with interiors furnished by Armani/Casa, the legendary Italian design house. A promenade and park will provide the focal point of the community with a 300-berth marina and serviced yacht club, alongside cafes and restau...
Real Estate Thursday, 11 June, 2020
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