Cyprus Economy

15 Nov 2018

Cyprus real estate market on top

Experts are confident about the future of Cyprus real estate market, saying that the upward trend in house prices is compounded by the continued growth in property demand. 
 
08 Nov 2018

The EC predicts that strong economic growth will continue

The Cypriot economy is expected to maintain its strong growth rates in the next couple of years though risks linked with the banking sector remain, the European Commission’s autumn forecasts project.

29 Oct 2018

President of Cyprus guarantees a sustainable development of Cyprus Economy

Nicos Anastasiades is making sure that Cyprus Government will continue working on Cyprus economy and to raise the main productive sectors.
23 Oct 2018

Asia-Europe Meeting (ASEM) summit in Brussels

The meeting brought together the leaders of 51 European and Asian countries, EU representatives and the Secretary General of the Association of Southeast Asian Nations (ASEAN).
15 Oct 2018

Better trade relations between Cyprus and China?

 On Wednesday Harris Georgiades Cyprus’ Finance Minister and Fu Ziying China’s Deputy Commerce Minister agreed to hold an intergovernmental conference in China in early 2019 to promote the economic and trade relations further among the two countries. 

The Chinese delegation considered Cyprus to be positioned in favor of free trade and open markets.
28 Sep 2018

An increase of 26% in building permits

According to the statistical service the building permits increased by 26% in terms of construction in the first quarter of 2018, to 753,615 square meters and a 20% increase in terms of value to €788.8m.

While the residential building permits increased by 24% in the construction area to 612,427 square meters and 22% in value, to €590.6m comparing the previous year 2017.
20 Sep 2018

Underwater pipeline to export herbal fuel to Egypt

Egypt and Cyprus signed an agreement for the development of an underwater pipeline to export herbal fuel to Egypt.
27 Aug 2018

Larnaca’s upcoming Municipal Market starts in September

The construction of Larnaca’s market will finally start at the end of September and there will be no delay in starting the project, Larnaca’s mayor Andreas Vyras said.
23 Aug 2018

September, the month of Wine festival

Every year, Limassol celebrates the Wine Festival at the end of August- beginning of September for 10 days, in a celebration full of drinking wine, dancing, eating traditional Cypriot food and other activities.,
14 Aug 2018

Property transactions rise 21% in July

Property transactions rose 21 percent year-on-year in July, to 896, the highest since December, mainly on a strong performance of the real estate market in Nicosia, the Department of Lands and Surveys said.
30 Jul 2018

Larnaca is having a mall

Green Light for the mall in Larnaca from the Cabinet of Ministers of Cyprus approved the construction of the Metropolis Mall in Larnaca which was announced by the mayor of the city Andreas Viras. 
 
26 Jul 2018

The first Casino in Cyprus opened it's doors!

The City of Dreams Mediterranean resort opened temporary in Limassol, until its construction is completed in 2021.
It will be the first integrated casino resort and the only one of its kind in Europe.
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