Acquisition of the status of long-term resident in Cyprus
28 June 2024 Third-country nationals who have lawfully resided in an EU member state are eligible to receive a set of standardized rights, nearly identical to those enjoyed by EU citizens. Cyprus , grants long-term resident status to third-country nationals who mee read more...
The Land of tomorrow.Larnaca.
2 May 2023 Larnaka - Land of Tomorrow An iconic new project changing the face of Larnaka as we know it. The largest mixed-use development on the island to boost Larnaka growth while nurturing a sustainable life well lived. The ultimate Mediterranean destinati read more...
Larnaca the place to Invest!
27 February 2023 Property investment in Larnaca is booming and it is not surprising that investors are highly interested in the city given the variety of properties available for investment and large-scale development projects that are promising to modernize the city. read more...
Amazing Market Growth in Cyprus Real Estate.
20 January 2023 Following the several Coronavirus lockdowns , as well as the conflict in Ukraine and uncertain socio-economic conditions worldwide, the global real estate market has seen unprecedented growth in 2022. This is perhaps best illustrated in Cyprus, where the read more...
Amendment of the Immovable Property of the Republic Law
20 January 2023 The Ministry of Energy, Commerce, and Industry, informs all interested parties that since October 9, 2023, the licensing process of industrial developments within the Government Industrial Areas has changed. According to the announcement, among other t read more...
Cyprus Registers of Ultimate Beneficial Owners
14 November 2021 Cyprus implemented the provisions of the 5th AML Directive into domestic law. This establishes central registers of ultimate beneficial owners. In Cyprus two such registers are established: the Register of Beneficial Owners of Companies; and the R read more...
Cyprus reopens tourism industry.
17 May 2021 Cyprus reopens tourism industry. Cyprus,has intensified efforts to lure vaccinated tourists . Cyprus has already opened its door to tourism while Greece followed suit as of May 14. Just like other competitors, Cyprus is eyeing tourists from the UK,Ge read more...
Larnaca Market
5 April 2021 The new municipal market in Larnaka town centre will be completed later this year (i, unveiling an impressive new retail destination in the heart of the city that will offer a mixture of local elements and modern services. The large, two-storey structu read more...
Cyprus to reopen airports with a colour-coded health risk assessment from March 1 .
18 February 2021 Cyprus plans to reopen its airports with a colour-coded health risk assessment from March 1, applicable to travellers from its main tourism markets and the European Union. The Mediterranean island has adopted a traffic light system for EU member states an read more...
Cyprus, US sign Declaration of Intent on strengthening border security cooperation.
5 January 2021 Cyprus and the United States of America on Tuesday signed in Nicosia a Declaration of Intent on strengthening cooperation on border security issues. The signing took place between visiting Acting US Secretary of Homeland Security Chad Wolf and Foreign Min read more...
Wizz Air sets up base in Larnaca
28 May 2020 Wizz Air one of Europe’s largest airline in terms of seat supply,is establishing its 28th base at Larnaca airport. read more...
Tourism from June 15.
19 May 2020 Cyprus will be ready reopen its doors to tourists from June 15 once the protocols for tourism are implemented, the Chairman of the House commerce committee said on Tuesday. Cyprus hopes to recoup around 30 per cent of last year’s arrival numbers. read more...
Cyprus-Restart of Tourism.
23 April 2020 Tourism Minister Savvas Perdios said on Wednesday that he hoped the sector can resume operations by July but warned protective measures would have to remain in place as long as the coronavirus was around. Perdios told private Alpha television that they read more...
Cyprus oil drilling.
13 April 2020 Exxon Mobil have informed the Cyprus government they will be delaying a planned drill in their block 10 concession in Cyprus’ Exclusive Economic Zone (EEZ), with other oil companies expected to do the same due to the ongoing coronavirus situation as well read more...
New marina and port in Larnaca
14 February 2020 Discussions for the development of the port and marina of Larnaca have been completed successfully, Minister of Transport, Communications and Works Yiannis Karousos announced on Thursday. The one billion euro deal with the investor will be signed withi read more...
Pandemic.
14 February 2020 Cyprus ranked fifth in a Covid Performance Index published Thursday by the Lowy Institute, an Australian think tank, which ranked almost 100 countries for their successful handling of the coronavirus pandemic, with Britain and America near the bottom of t read more...
Cyprus Repays IMF Loan Ahead of Schedule
15 January 2020 Cyprus has paid off ahead of schedule an International Monetary Fund loan that was part of a multi-billion euro financial rescue deal in 2013, the finance minister said Tuesday. Minister Constantinos Petrides said the loan's early repayment would bolst read more...
Reef
11 December 2019 Larnaca Marine Life! The ‘Elpida’ and 'LEF1' vessels that will create Larnaka’s new artificial reefs have officially been sunk and will soon enrich marine life and diving options in Larnaka region. The ‘Elpida’ – a 63-metre long commercial vessel f read more...
Cyprus property sales on the rise
18 May 2019 Cyprus property sales in April reached the highest monthly figure recorded since September 2008 according to official figures from the Department of Lands and Surveys. The number of property sales contracts deposited at Land Registry offices across the read more...
Natural Gas discovery
1 March 2019 ExxonMobil’s discovery of a natural gas reservoir at the Glaucos well in plot 10 of Cyprus’ EEZ has an estimated value of between $30b and $40b and could generate enough electricity to cover Cyprus’ needs for the next 200 years, Phileleftheros reported on read more...