Real Estate News

The Cyprian mass media assume that on Thursday the law allowing licensing and opening of a casino in the territory of the Republic of Cyprus will be adopted. Final comments of deputies, including regarding counteraction to money laundering, will be considered on Tuesday at a meeting of committee of parliament on...

The annual Nireas-Larnaca Triathlon – the largest of its kind in the town — will be taking place this Sunday, May 24. This year, the event is expected to attract record numbers of participants. Organised by Nireas Triathlon and Larnaca Municipality, the event consists of two distances; Triathlon & Relay – 1.5km swim,...

Every year many different motorsport competitions take place in Cyprus.

Lifting of capital restrictions in the Cypriot banking system.

Ministry of Labour, transferred at April 7, to the House of Representatives, the draft law establishing the working hours. Allowable working hours for shops in Nicosia, Limassol, Larnaca and Paphos are set from 5 am to 10 pm, Monday through Saturday, and from 7.30 am to 11 pm on Sunday.

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...

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.

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.

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.

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.

Cyprus will launch a tender for the privatization of commercial activities at Limassol port in May, Minister of Transport, Communications and Works, Marios Demetriades has said.Demetriades began a series of contacts with the island`s political parties, to brief them on the progress of the privatization process."The...

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”.