Cyprus News

Contracts for the construction of the Paralimni marina have been signed; with an estimated capacity of 300 vessels and at a cost of €110 million, the marina is expected to be fully operational by mid-2021. ENERGY Minister Giorgos Lakkotrypis, investor PMV Maritime Holdings and the Paralimni municipality on Monday signed contracts for the building of [...]

Have you been watching illegal television channels? WHEN hundreds of television sets in Cyprus went blank, people first wondered what it was that went wrong. Perhaps they checked their innocuous device that so cheaply allowed them to view hundreds of channels they technically hadn’t paid for. Others had already seen the news on January 9 [...]

Home prices in Cyprus (houses and apartments) recorded a quarter-on-quarter increase of 0.5 per cent in the second quarter of 2017 according to the Cyprus Central Bank’s latest Residential Property Price Indices. Apartment prices Compared with the first quarter of 2016, apartment prices in Larnaca fell by 1.1% and by 1.0% in Paphos. However in [...]

The International Monetary Fund (IMF) has released its ” Statement of the 2017 Article IV Mission “. All indications portray a positive outlook for Cyprus and with GDP growth at 3.6% compared to the same period last year the IMF has made several recommendations to ensure the growth is sustainable. One recommendation is the re-introduction [...]

On Saturday 18th November 2017, the Aphrodite Hills Retreat Spa are organising a Breast Cancer Awareness Day. By attending the event you will raise money for the non-profit organisation Europa Donna. A Gynaecological Health Day is also on offer at the Evangelismos Aphrodite Hills Hotel Medical Clinic.

Paphos has been identified as the best city to buy a summer holiday home abroad by credit eligibility firm TotallyMoney. According to Mortgage Introducer website, TotallyMoney rated destinations based on average property price, temperature, the number of rainfall days, English proficiency, the daily number of flights, the average flight cost, the number of amenities (bars, [...]

Pension news and opportunities The seminar will review pension legislation and the options available to you today, including increased transfer values and QROPS. Should you invest now? The seminar will look at the current investment climate and outlook, and discuss strategies for successful long-term investing. Elysium Hotel, PAPHOS Tuesday, 7th November 10.30 for 11am start, [...]

Aphrodite Hills Golf, PGA National, Cyprus is elevating the standards of all golf lover’s vocation Aphrodite Hills Resort is delighted to announce that the 18-hole Championship Golf Course has attained the highest standard recognition in Golf, the PGA National, Cyprus. The course, designed to a world-class standard, is undergoing a €2.5m investment upgrade and complete [...]

‘Business not as usual’ Political events towards the end of 2016 have brought about unprecedented uncertainty as we approach the property selling season of 2017. 2016 Last year was positive for the Cyprus economy and the property market with a number of factors that enhanced Cyprus’ standing internationally and helped tourism and property sales. In [...]