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
Paphos Among Most Popular For Overseas Buyers And Investors In 2020

Paphos Among Most Popular For Overseas Buyers And Investors In 2020

Paphos is in the lead for January 2020, as the most popular region for overseas buyers and investors for Europeans and Non-Europeans by 34.8% in comparison to Limassol which follows with 25.2%.   Larnaca is 3rd with 24.8% followed by Famagusta with 12.3 % and lastly Nicosia with just 5.9%. Sakis Hadjialexandrou, Leptos’ Group Marketing Director stated that, &ld...
Local Thursday, 13 February, 2020
Property sales in Cyprus in Jan 2020 again dominated by non-EU nationals

Property sales in Cyprus in Jan 2020 again dominated by non-EU nationals

For yet another month,  foreign property buyers in Cyprus from outside the EU outnumbered those originating from the bloc, according to Land Registry data for January 2020. Specifically, the first month of the new year recorded a total of 325 sales documents submitted by foreigners to the Land Registry. Most were by third country national, in fact, twice as many as those ...
Real Estate Tuesday, 11 February, 2020
Estia applicants hit 50% of eligible borrowers

Estia applicants hit 50% of eligible borrowers

Applications for the Estia programme, which aims to assist home owners with non-performing mortgages by providing government support, have been submitted by more than 50 percent of those eligible. MORE than 5,400 people have now applied for the state’s Estia mortgage debt relief scheme, representing some 50 per cent of those eligible, Finance Minister Constantinos Petrid...
Real Estate Friday, 07 February, 2020
Electric car grant scheme overwhelmed

Electric car grant scheme overwhelmed

A scrappage incentive scheme launched to encourage Cypriot motorists to replace their old high-emission bangers with new electric ones has received five times the number of applications expected. The Transport Ministry says it will now need two more weeks to extend the scheme due to the huge interest showed. Transport Minister Yiannis Karousos said on Wednesday that he is to ...
Local Thursday, 06 February, 2020
European Commission And European Investment Fund Launch €75 Million Blueinvest Fund

European Commission And European Investment Fund Launch €75 Million Blueinvest Fund

The European Commission is partnering with the European Investment Fund, part of the European Investment Bank Group (EIB), to launch the BlueInvest Fund, the European Commission announced in their press release. During the BlueInvest Day conference in Brussels, EIB Vice-President Emma Navarro and Virginijus Sinkevičius, Commissioner for Environment, Oceans and Fisheries, launc...
Business Wednesday, 05 February, 2020
Huge drop in municipal charges after local government reform, says minister

Huge drop in municipal charges after local government reform, says minister

The cost of municipal fees and charges to the public will be as much as five times cheaper than now once local government reforms are in place, Interior Minister Nicos Nouris said on Monday. Speaking after a meeting of the House interior committee, Nouris said the drafting of the bill had been completed and it was hoped to have the debate on the various issues by summer after ...
Local Tuesday, 04 February, 2020
BREXIT: A New Dawn for Europe

BREXIT: A New Dawn for Europe

As the UK prepares to leave the European Union tonight, the leaders of the EU's three main institutions Ursula von der Leyen, President, European Commission, Charles Michel, President, European Council & David Maria Sassoli, President, European Parliament, issued the following joint statement, as published by the European Council, Council of the European Union: A...
International Monday, 03 February, 2020
Private, public development proof of economic impetus

Private, public development proof of economic impetus

President Nicos Anastasiades said that multi-billion private developments and expenditure on public utilities, also amounting to several billion euros, are proof of the economy’s dynamic development and of restored confidence. Speaking on Wednesday evening at the In Business Awards in Nicosia, he said they come as a result of a stable economic environment after prudent a...
Local Friday, 31 January, 2020
No Brexit bashes for British expats in Cyprus

No Brexit bashes for British expats in Cyprus

On Friday Britain will exit the EU at 11pm GMT to a party in Parliament Square in London attended by Brexiteer pioneer Nigel Farage, a lightshow and a count-down clock projected onto Downing Street. The date, January 31, also coincides perfectly with the end of Dry January, leaving many in the UK planning to attend pub parties and other gatherings to celebrate or mourn the end...
International Thursday, 30 January, 2020
Cyprus: buying property

Cyprus: buying property

The UK Foreign & Commonwealth Office has recently updated information for British nationals wanting to buy property in Cyprus; further information be found on the UK.GOV website. PURCHASING property in Cyprus has a number of potential pitfalls. The British High Commission advises potential purchasers to exercise extreme caution when buying a property if the title deeds are...
Real Estate Wednesday, 29 January, 2020
Cyprus joins Mars Society which advocates colonisation of Red Planet

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
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