An Israeli businessman, Shimon Aykut, has been sentenced to five years in jail by a Cyprus court for illegal development of Greek Cypriot property in the Turkish-held north. This high-profile case …
Cyprus faces growing housing crunch as demand outpaces supply
Housing scarcity in Cyprus is intensifying, creating a growing crisis that strains residents’ access to affordable homes. With demand outpacing supply, competition among tenants has increased, …
Israeli developer gets five years in jail for north Cyprus land development
A Cyprus court sentences an Israeli businessman to five years in jail for illegally developing Greek Cypriot property in the Turkish-held north of the island, in one of the most politically charged …
Israeli land developer gets 5 years in Cyprus jail for projects in Turkish-held north
Sentence comes after 74-year-old Shimon Aykut reaches plea bargain for cashing out on some 40 properties island’s north …
Foreign direct investment: Cyprus can turn challenges into opportunities
Foreign direct investment (FDI) is a key driver of economic growth, technological advancement, productivity increase and international competitiveness.For small countries like Cyprus, it offers …
Urgent need for property tax reform
There are compelling reasons why the property sector in Cyprus should be subject to greater taxation and, moreover, should be a key part of the forthcoming tax reform.Firstly, in view of mounting …
Invest Cyprus welcomes US-based TKI following merger with Hybrid ConsulTech
Invest Cyprus on Thursday welcomed US-based technology company TKI to Cyprus following the merger between Hybrid ConsulTech, now renamed TKI EMEA, and TKI, a leading provider of enterprise-grade …
Call for law to regulate Cyprus property developers
The Cyprus Developers Association pushes for official recognition of land developers to improve accountability and buyer protection.
Turkish Cypriots vote in an election seen as a choice on deeper Turkey ties or closer EU relations
Turkish Cypriots on the divided island of Cyprus are casting ballots in an election seen as a choice between deeper ties with Turkey or closer relations with Europe …
Cyprus Business Now: tourism, Cyprus Presidency, housing, VAT, CBC
President Nikos Christodoulides on Thursday addressed the 91st HOTREC general assembly in Paphos, highlighting the vital role of tourism in Cyprus’ economy, the country’s sustainable development …