Cyprus has a new growth model that can adapt to changing conditions, Finance Minister Constantinos Petrides said on Monday evening, speaking at an event organised by the Cyprus-American Chamber of …
Climate change affects the property market
This concerns both properties aimed at retail buyers and institutional investors … even to meet the ever-increasing supervisory requirements around ESG issues. Cyprus alone can do little to prevent …
Making changes to your apartment
Apartment owners in Cyprus should soon be able to make alterations to their apartment within a jointly-owned-building without seeking consent …
Cyprus real estate to be showcased in Israel
Events and conference management firm the Emanuel Group on Tuesday announced that it will be hosting an event in Israel aiming to showcase Cyprus properties to the country’s domestic market. The event …
Growth Rate Up By 5.5% In Q3 2022, Finance Minister Says
Finance Minister, Constantinos Petrides, said on Tuesday that the growth rate of the Cypriot economy records an increase of 5.5% during the third semester of 2022. Air traffic in Cyprus will exceed 9 …
‘Smart’ 15-minute city for Cyprus? They must be joking
We are used to businesses whining in Cyprus. Sometimes it’s justified and sometimes it’s not, but overall, there is often a mentality that we should not ever sympathise with them. Not all enterprises …
Labour costs and access to raw materials the main problems for Cyprus’ businesses in 2023, survey shows
In a press release concerning the outcomes of the survey, the Cyprus Chamber of Commerce and Industry (Keve) points out that entrepreneurs’ resilience cannot be taken for granted and that Europe’s …
Foreclosures freeze ‘tragic for the country’ BoC chief warns
“We as the Bank of Cyprus are willing and have proven it many times that … For instance, how a primary property is to be determined is not clearly defined, he said. Though the legislation outlines a …
Bank of Cyprus Sells Loan Portfolio, Properties for Around EUR350 Mln
Bank of Cyprus Holdings PLC said Friday that it has sold a portfolio … The company said the portfolio of loans had a gross book value of EUR555 million and the properties had a book value of EUR88 …
FTX Has European License Suspended by Cyprus Regulator
Cryptocurrency exchange FTX has had its license in Cyprus suspended by the jurisdiction’s securities regulator following a liquidity crunch that prompted a withdrawal freeze. “CySEC called upon …