Sale of portfolio of loans

8 September 2018 Bank of Cyprus announced that it has reached an agreement to sell more than 14,000 loans of €2.8 b (of which €2.7 b relate to NPLS) and secured by real estate collateral to Apollo Global Management for a gross cash consideration of some €1.4 b. read more...

Increase in Property Transactions

22 August 2018 Property transactions rose in July,the highest since December, mainly on a strong performance of the real estate market inall cities, the Department of Lands and Surveys said. The number of properties in Nicosia that changed owners rose 42 per cent las read more...

Larnaca

12 August 2018 A lot of development is taking place in Larnaca the last couple of years ,making it the right place to invest. There are five new small boutique hotels recently erected, which coupled with the Ayios Lazaros square and the renovation of old buildings and read more...

Citizenship

29 July 2018 As part of its efforts for further improvement of the Cyprus Investment Programme (CIP), the Council of Ministers decided on the 21st of May 2018 the establishment of the Committee for Supervisions and Control as well as of the Registry of Service Provide read more...

Tax relief for problem loans

19 July 2018 A decision by parliament to extend the government’s waiver of the 20% capital- gains tax to all properties sold when proceeds are used to repay problem loans and to properties sold or relinquished to credit-acquiring companies to settle existing debt is a read more...

Seaside

10 July 2018 Located 5 km from the centre of the popular tourist resort of Agia Napa, the 350-metre long beach of Makronisos is actually a picturesque cluster of three bays, stretching from the well-sheltered Makronisos Beach. With fine, golden sands and relatively read more...

Cyprus Airports

10 July 2018 Anna.aero (Airline Network News & Analysis), one of the most popular aviation websites , recently dedicated a special feature to the Larnaca and Paphos airports. The two airports showed rapid increase in passenger traffic in recent years, reaching 10 m read more...

Ayia Napa Marina

10 July 2018 Minister of Energy, Commerce and Tourism Giorgos Lakkotrypis and a team of ministry officials visited the site of the Ayia Napa marina to monitor the progress of the construction works. The main breakwater is nearly completed and preparations for the c read more...

Fig Tree Bay.

18 June 2018 With more than 30,000 posts on instagram by people from all over the world who have paid a visit, Fig Tree Bay is rightfully the second most famous beach in Cyprus right after Nissi Beach. read more...

Outdoor venues for weddings in Larnaca

18 June 2018 Apart from offering an extensive range of hotels and restaurants for civil weddings, Larnaca also boasts some unique and beautiful outdoor venues for those who want a ceremony with a difference. For a wedding steeped in romance and history, the Mediaeval read more...

Cyprus Property

12 June 2018 Residential property prices rose in the fourth quarter of last year , the Cyprus branch of the Royal Institute of Chartered Surveyors (RICS) said.The highest quarterly increase was in Larnaca and Nicosia. Prices for retail space rose as well. Prices read more...

Property deals inrease

12 June 2018 The number of property transactions rose an annual 10 per cent in May, to 828, the highest in 2018, on a strong increase in Nicosia and Famagusta, the land department said. The number of property sales in Nicosia rose 30 per cent, to 153 compared to the read more...

airport traffic

12 June 2018 Passenger traffic at Larnaca and Paphos Airports has increased by 8.00% during the first seven months of the year, according to Hermes Airports statistics. Data recorded by Hermes Airports cover the period from January 1 2018 to July 31 of the same year. read more...

Great Time to Buy Cyprus Property

14 August 2015 Great Time to Buy Cyprus Property, as Pound Rises to 7.5-Year High 22.07.2015 Are you thinking of buying a... read more...

1,5 Billion Barrels of oil in Cyprus

19 December 2013 Cyprus may have hit the jackpot after Noble Energy announced yesterday that some 1.5 billion barrels of oil could lie in deepwater strata off the island’s southern coast. In a statement, the Texas-based energy company said “There is evidence of multiple read more...

SCHEME FOR NATURALISATION OF INVESTORS IN CYPRUS BY EXCEPTION

9 September 2013 Council of Ministers decision dated 24.5.2013 on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2013... read more...

New Project Larnaca Promenade

19 July 2013 Larnaca is about to get a huge upgrade to the city’s attraction list. The “Πιαλέ Πασιά” road which is the one connecting the ancient medieval castle with the Mackenzie beach is to be transformed into a contemporary graphic promenade which will revive the read more...

Amendments in Cyprus tax legislation

24 May 2013 As part of the banking and fiscal reform in accordance with the decisions taken during the Euro group meetings of March 2013... read more...

Law Amending the Income Tax Law

23 May 2013 Increase in the corporation tax rate The corporate income tax rate will increase from 10% to 12,5% with effect from 1 January 2013... read more...

Law Amending the Spesial Contribution for Defence Law

22 May 2013 Increase in the Special Defense Contribution tax rate on interest.The Special Defense Contribution rate applicable on interest income received... read more...