Cyprus Economy

25 Feb 2020

Property sales increased by 12% in 2019

The number of property sales in Cyprus increased by 12% in 2019 compared to 2018 according to official figures published by Mr. George Mais, vice president of Cyprus Land and Building Developers Association and president of ETAP.
19 Feb 2020

Livadia industrial zone in Larnaca turns into a major touristic and residential area.

Larnaca municipality announced a plan of a complete transformation of the seafront industrial zone of Livadia into a major touristic and residential area seafront.
14 Feb 2020

Historic Day for Larnaca as €1bn deal for Marina & Port finalized

Negotiations for the development of the Port and Marina of Larnaca have been completed successfully, Minister of Transport, Communications and Works Yiannis Karousos announced on Thursday!
23 Jan 2020

Limassol enjoys 40% increase on cruise arrivals

According to the Port operator - DP World Limassol, the number of passengers arriving in 2019 is reaching the 125,000 with 93 cruise ships which is an impressive rate based on the previous years.
15 Jan 2020

Holders of Cyprus' passports, will be able to travel to the US without a visa?

It is a possible scenario, the Foreign Minister Nicos Christodoulides shared on Tuesday, while waiting for the arrival of the US Secretary of State Mike Pompeo, who is expected on the island in spring.
09 Jan 2020

The Cypriot Passport among the strongest - Top 10 List

The criteria of the ranking for the world’s strongest passports is based on the number of countries their holders can travel with Electronic Travel Authorisation (eTA) or an eVisa if issued within three days, with visa on arrival (VOA) or travel visa-free (VF). 
03 Dec 2019

Financial Times - 5 reasons why Cyprus is a great place to Live!

According to an article by the renowned international news agency, Financial Times for the 5 most important benefits in relocating to Cyprus.
28 Nov 2019

Cyprus and China improve their business ties

During a China-Cyprus Business Forum in Guangzhou, China has promoted the comparative advantages of Cyprus as an investment and tourist destination as well as an economic, business and maritime center.
20 Nov 2019

Cyprus reaches a new milestone in its energy programme

Cyprus granted the concession for the first hydrocarbon extraction license with a view to piping and exporting gas to Egypt in the form of LNG.
07 Nov 2019

Larnaca infrastructure developments to revamp the tourist area

The government of the Republic of Cyprus announced fifty major development projects for 2020. One of them is the improvement of coastal road Larnaca – Dekelia C and D which cost 15€ million and 25€ million respectively.
03 Sep 2019

Aphrodite Gas Development

Joint venture consultation on the development.
The government expects an energy business joint venture to present a fresh growth and manufacturing schedule for an offshore gas field, with the first gas anticipated in 2025, according to Energy Minister Giorgos Lakkotrypis.
02 Jul 2019

New Gesy system aims to upgrade Healthcare

The Cyprus General Healthcare System's (GHS or Gesy) philosophy is focused on universality and social solidarity on medical facilities and aims that everybody, regardless of age, economic situation and severity of the medical condition, has equal access to quality healthcare services without any restrictions.of Cyprus has been introduce with the aim to 
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