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.
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.
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.,
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.