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News

Auctioneers wanted

04.05.2015

Auctioneers for mortgaged property auctions will be assigned randomly via an electronic selection system at the interior ministry, according to the auctioning regulations tabled by the government in a joint House finance and interior committee session on Monday.

Реформы Кипра

27.04.2015

The government does not plan to raise taxes or cut pensions and wages, President Nicos Anastasiades assured civil servants on Monday, noting however, that government spending, including payroll, could only increase at a reasonable pace.

Cyprus has been listed among best holiday destinations for travel in May

25.04.2015

According to ranking compiled by the online booking service Oktogo, Cyprus beach resorts are considered to be one of the most popular international destinations for holidays in May.

New airline seeks to use Cyprus as a base

23.04.2015

A new airline – Cobalt Air – has applied to set up operations from Cyprus, intending to use the island as a base for operating “a strong European airline”.

Tourist arrivals rise 26% in March

21.04.2015

Tourism arrivals rose 26 per cent to 97,479 in March compared with last year, mainly on increased arrivals from the United Kingdom, Greece, and Germany offsetting a drop from Russia, the statistical service said.

Troika will be in Cyprus from April 26th to 29th

20.04.2015

Troika technical groups are expected to return to Cyprus between April 26 and 29 with a view to completing the fifth review of the country’s economic adjustment programme.

Property sales in Cyprus increased by 31% over a year

18.04.2015

The amount of properties sold in Cyprus in March increased by 31% compared with March 2014 with sales improving in all districts except for Famagusta.

House prices decrease in Cyprus in the last quarter of 2014

16.04.2015

House prices fell by 3.0 per cent in Cyprus, rose by 1.1 per cent in the euro area and increased 2.6 per cent in the EU in the fourth quarter of 2014 compared with the same quarter the previous year, according to figures released by Eurostat.

Lifting of capital restrictions in the Cypriot banking system.

15.04.2015

Lifting of capital restrictions in the Cypriot banking system.

Larnaca Marina: final preparations

14.04.2015

From the 1st of July this year, the project to build a marina and the arrangement of the port area of Larnaca will begin. Recently, the Cypriot newspaper "Fileleftheros", issued a statement, from representative of the joint venture "Zenonos", that the preparations for the signing of an agreement between the company and the Government of Cyprus, is completed. The purpose of the group is to make the port available for large cruise ships (longer than 310 m).

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