In 2018, renewable energy accounted for 37% of the total energy used for heating and cooling in Cyprus — the eighth highest rate in the EU27 and above the average of 21%, according to figures publis…
Cypriot Transport Minister Yiannis Karousos said more cruise ships will be serviced daily ate the important port of Limassol after the operator there, DP World Limassol, said it would set aside the li…
The vast majority of Cypriots (85%) are satisfied with their life — close to the EU 28 average of 83%, with the Irish the most satisfied with 97% and the Greeks the least with only 49%, according to…
Cyprus welcomed a record 3.97 million tourists last year, smashing the previous record set in 2018 by a slender 1%, official figures show.   Against the odds, Cyprus has recovered from airline …
The Electricity Authority of Cyprus (EAC) has issued an expression of interest to find landowners who are willing to lease property for the development and construction of megawatt-scale PV power …
The revival of the historic Berengaria Hotel in Prodromos is just around the corner now that investors have expressed an interest, Phileleftheros reports.   Specifically, Gordian Holdings which…
A return ticket by ferry from Limassol to Piraeus will cost about €130 per person without a car, deputy shipping minister Natasa Pilides said on Tuesday.   She was briefing the House Transpor…
As of November, 1180 flamingos were counted at Larnaca Salt Lake with numbers expected to reach 10,000 as winter progresses, whilst various waders like Avocet and ducks like Common and Ruddy Shelduc…
Prices of residential properties continued to climb during the second quarter of 2019, despite a dip in demand for high-end properties from foreign buyers as a result of tightened eligibility criteria…
People have always been impressed with the amazing variety of Europe in every respect.   And this is not surprising, given the fact that the Old Continent is a puzzle of 50 countries, each with…
Cyprus has been in the cruise industry for decades but the long-standing political turbulence in the Eastern Mediterranean region dealt a severe blow to this type of tourism.   Many Cypriots us…
Cyprus’ goal is to be included in the top 30 World Tourism ranking, a list of countries compiled by the United Nations World Tourism Organisation by 2030, Deputy Tourism Minister Savvas Perdios said…
Property sales in Cyprus during 2019 topped 10,000 to reach the highest number recorded since 2008 according to official statistics published this morning by the Department of Lands and Surveys. &nbs…
The Cyprus real estate market is changing faster than ever and its predicted that the positive trend will continue as the market is constantly developing and becoming more attractive to global investo…
The rollout of 5G technology in Cyprus is proceeding smoothly and is expected to be implemented by June 30, 2020 for 700MHz and by December 31, 2020 for the 3.6GHz band, as per the deadlines set by an…
Animal welfare is a priority for the government which relies on legislative action and public awareness campaigns aiming at better educating the public.   The pledge was made by President Nicos…
Building permits authorised in Cyprus during September 2019 provided for the construction of 1,114 new homes, compared with 576 in September 2018 according to official figures published by the Statist…
The bouzoukia—flashy night clubs where Greek popular music is performed live—are an essential part of nightlife at Cyprus. Plate smashing is off the table these days, but dancing on them (and carn…
The real estate market is improving, with regards, especially, the revival of the demand for residential apartments.   After stagnancy of development (2008-2016), an increase in the population,…
The establishment of the deputy ministry of shipping 12 months ago was the start of a new era in local support for companies looking to register vessels under the Cyprus flag. Meanwhile, local compani…
The Cyprus Ministry of Education, Culture, Sport and Youth considers the international dimension of Higher Education in Cyprus as highly important. In Cyprus the international students receive a quali…
How to spend Christmas and New Year break in Cyprus? Learn about winter resorts, ice rinks, mountain villages, wine tasting routes and Christmas traditions that will help you to have an unforgettable …
Every time your electricity bills comes in, you may begrudge paying that hefty sum.   Steep increases in electricity tariffs in the past, such as the 19.6% price jump in 2018, might have fuelle…
Akamas is the last large coastal area in Cyprus that has remained virgin and one of the very few and important areas in the Mediterranean.   The Akamas peninsula, as described in the Conservati…
The trend for property owners to use short-term AirBnB leasing platforms seems to have come to an end in Cyprus, according to insiders who described it as “outdated”.   However, Chairman of…
Limassol Municipality officially announced on Tuesday ACES Europe has designated it as a European city of sport for 2020.   The non-profit organisation is based in Brussels and recognises vario…
Cyprus’ General Government recorded a surplus of €1,066,0 mn (4.9% of GDP) for the period of January-October 2019 as compared to a deficit of €626.4 mn for the corresponding period of 2018 (-3.0…
Ah, it is "kourabiedes" time, and the sweet aroma of "melomakarona" cookies will soon be filling Cypriot kitchens worldwide.   At the beginning of December we decorate a Christmas tree whic…
The deputy ministry of tourism has plans to brand the west coast so that it has a distinct recognisable name as it moves to promote the area of Argakas, Polis Chysochous and Pyrgos.   Deputy Mi…
It has been some time since we last heard a politician mouthing grand plans about making Cyprus a regional centre of something or other. On Monday, this ambition resurfaced at a conference on Cyprus A…
Purchasing property in Cyprus has a number of potential pitfalls. We advise potential purchasers to exercise extreme caution when buying a property if the title deeds are not readily available, as it …
Cyprus is a family-friendly destination with excellent food to satisfy even the fussiest of eaters and a broad range of attractions that appeal to adults and children alike, as well as superb beaches.…
The Cyprus Space Exploration Organisation (CSEO) has formed a strategic partnership with the Moon Village Association to co-operate in the space sector.   “This agreement between the MVA and …
Are you considering visiting Cyprus in the winter? It’s definitely a great winter destination in Europe with a mix of culture, history, foodie finds and gorgeous hotels.   Cyprus has one of t…
PWC’S CYPRUS Real Estate Market for the first half of 2019 reports that the value of property transactions (sale contracts and transfers) over the period rose by 25% to reach €2.5 billion compared…
A total of 9,546 real estate transactions worth €2.9 billion were carried out in Cyprus between January and September 2019, according to data compiled by Resolute Asset Management.   The data…
Cyprus Investment Promotion Agency (CIPA) representatives have embarked on worldwide efforts to attract investments for the Mediterranean island and promote it as a competitive business destination. …
Royal Caribbean’s ‘Jewel of the Seas cruise ship sailed to Limassol on Sunday and was visited by Deputy Minister for Tourism Savvas Perdios.   “We see the arrival of such a ship as the be…
Cyprus announced last week that it signed its first-ever natural gas exploitation deal for the Aphrodite gas field, saying it chose a consortium comprising Israel's Delek, industry giant Shell, US…
The comparative advantages of Cyprus as an investment and tourist destination as well as a financial, business and maritime hub, the fact it is an EU member its geostrategic were promoted during a Chi…
Cyprus’ sunshine provides the ideal climate for vegetation, including a wide variety of mouthwatering fruits. “Throughout the year there will always be selection of seasonal choices.   Ther…
The ties between Cyprus and the United Kingdom. The UK is the largest and the most important tourist market for our country and even during the winter season airlines operate over 75 flights a week (e…
Cyprus is satisfied with the outcome of London's World Travel Market, but the holiday island was urged to offer more than just sun, sea and sand to compete, said Deputy Tourism Minister Savvas Perdios…
Interior Minister Constantinos Petrides pledged on Thursday that Cyprus would not be turned into Manhattan during House discussions on his ministry’s budget when the topic turned to skyscrapers, and…
The famous Colombian singer Shakira and her husband, world-star footballer Gerard Pique, recently bought a massive villa in Cyprus, making the beautiful Mediterranean island their primary holiday des…
Cyprus submitted an application to become part of the Schengen area in September, Foreign Minister Nikos Christodoulides told parliament on Monday.   “The government has submitted the applica…
With 300 days of sunshine a year and 4 multi-awarded golf courses, Cyprus proves itself to be a leading Golfing Destination.   Players can enjoy a game in the most scenic Mediterranean landscap…
QS World University Rankings has recognised UNic for two years running in the Emerging Europe and Central Asia (EECA) Region, with the university ranking at number 106 and 91 among 1,800 tertiary inst…
Cyprus has made starting a business less expensive by reducing the cost to register a company, according to “Doing Business 2020” which also slightly upgraded the country’s ranking to 54 out of …
USA and Russia have an opposite perception on many international issues but one thing the two superpowers seem to share is the view that Cyprus is a real attractive investment destination, according t…
Building permits authorised in Cyprus during July 2019 provided for the construction of 1,028 new homes, compared with 632 in July 2018 according to official figures published by the Cyprus Statistica…
With Brexit insecurity rising by the day, Invest Cyprus have launched a campaign to attract investment from far away but promising economy countries from Southeast Asia, informed sources told Insider.…
Limassol is the second largest city of Cyprus with a population of approximately 180,000. It is one of six districts and covers an area of 34.87 square kilometers. Located on the southern coast, Limas…
September saw a small rise of 1% in property sales compared to September 2018 according to official figures published by the Department of Lands and Surveys, with the total number of contracts deposit…
The economic contribution of the shipping industry to the economy of Cyprus is significant, and the government is well aware Cyprus has distinguished itself by achieving remarkable international ranki…
The visit by the UK’s Secretary of State for Brexit Stephen Barclay to Cyprus on Wednesday is part of the British government’s engagement with EU member states “as the UK seeks to reach a deal w…
It is time (and has been for a long while now) to consider the creation of joint venture companies for real estate investments in Cyprus.   The parameters for such investment are currently p…
The rise in property sales during September was led by local and overseas buyers from the EU who between them purchased 47 (10%) more properties than September 2018 say official figures.   Ther…
Cyprus finds itself in the enviable position of offering world-class services and shipping expertise, a position that makes it an ideal solution for the shipping groups and owners affected by new subs…
As the world grows increasingly aware of the threat to the environment posed by human activity, shipping has followed suit and the industry is preparing for the introduction of new rules that will see…
The ritual of sharing good, fresh local cuisine is an important part of the island’s culture, and is intrinsically linked with every social event, from family gatherings and special occasions to rel…
Revenues from Ship-management companies in 2018 reached €1.034 billion, President of the Republic Nicos Anastasiades has stressed, noting at the same time that the discovery of significant quantitie…
The cooler weather has finally set in, there’s something rather exciting about heading into the great outdoors and feeling the crunch of crimson leaves beneath our feet.   1. Put your feet …
The first Wine School in Cyprus, delivering exclusively wine qualifications is a fact. First Growth is an approved programme provider of WSET, the largest global provider of wine and spirits qualif…
The RICS Cyprus Property Price Index for the second quarter of 2019 reports that residential prices for houses and apartments increased by 1.2% and 1.4% respectively on a quarterly basis.   &…
The island which gave the world its first domesticated cat 9,500 years ago is about to bag two breeds of its own, the slinky Aphrodite and the stocky Helen.   Thousands of furry felines have ro…
Over the past couple of years there has been extensive speculation about the future of the Cyprus Investor Programme in the industry of immigration agents. However, Cyprus has made sure that the conti…
In 2017, Cyprus spent 0.8 per cent of its GDP on recreation and sport, just above the 0.7 per cent EU average a study conducted by Eurostat revealed.   Overall, the EU’s 28 member states spen…
The deputy tourism ministry is considering introducing a rating system for the island’s beaches modelled on that used for hotels — that is to bestow stars.   This was revealed by deputy Min…
Cyprus Rally organisers have announced details of an exciting route for the penultimate round of the 2019 FIA European Rally Championship.   Featuring 12 mainly gravel stages with some Tarmac s…
Nearly 15,000 UK citizens in Cyprus have submitted applications for registration and residence certificates, the Cyprus News Agency reports citing figures from the Civil Registry and Migration Departm…
Cyprus’ national wealth is on the rise again with GDP getting higher and higher following the harsh years of the economic crisis. The crisis resulted in reduced salaries and reduced business turnove…
Enjoy the beauty and intensity of autumn in Cyprus while September can often be as hot as August, the Autumn months in Cyprus are generally pleasant and energising for those of us who live here. &nbs…
Cyprus’ attempt to become a destination for world-class cinema has kicked-off with two productions with a Hollywood influence, but the island has to heavily invest if it wants to see its film indust…
The differences are profound and deep.   Climate   The first thing people think about is climate. The Nordics are cold in winter and moderate in summer while the Med nations have mild wi…
Tourist arrivals reached a new record in August 2019 with an increase of 3.6 per cent compared with August 2018.   According to the statistical service, arrivals reached 553,845 during the mont…
The real-estate sector in Cyprus has recovered after a prolonged period of economic crisis and is now established as one of the drivers of the economy, with the market showing confidence in its prospe…
Building permits authorised in Cyprus during June 2019 provided for the construction of 812 new homes, compared with 506 in June 2018 according to official figures published by the Cyprus Statistical …
Chinese investors have secured land amounting to 32,271 sqm. in the Tsiflikoudia area of Limassol to the north of the marina in a €30 million deal with the Bank of Cyprus’ Real Estate Management U…
Services sector professionals in Cyprus are monitoring Kazakhstan’s emerging market economy for some time now and they have set an ambitious goal. This is no other than turning the Mediterranean isl…
Pilot projects on using wave power and micro algae to produce biofuel and electricity were presented on Tuesday to underline how blue energy can contribute to sustainable power production.  …
The Limassol-based Eu-kinisi public transport project, which provides a state-of-the-art transport electronic screen information system for the city’s buses, lays the foundations for similar service…
The Cyprus Investment Programme is rapidly becoming one of the EU’s most popular residence schemes.   Non Cypriot citizens (and their families) can acquire Cyprus Citizenship by investing €…
US Ambassador to Cyprus Judith Garber has said more US energy companies will operate in Cyprus, joining ExxonMobil and Noble Energy.   Speaking at a business dinner of the American Chamber of…
Living in Cyprus and enjoying the exceptional weather sounds like a very solid foundation for an enjoyable life.   A beautiful island   Cyprus is the island of the beautiful goddes…
Total arrivals of travellers to Cyprus have increased by ten times between 1980 and 2018, jumping from a total of 528,288 to 5,535,797.   At the same time, departures from Cyprus rose to 5,521,…
Aphrodite, the Greek goddess of love and beauty, is said to have risen from the waves that crash on the shores of Cyprus. The supreme goddess of love and beauty knew what she was doing when she chose …
Eurogate Container Terminal Limassol Ltd has completed the first phase of investments at the Limassol Container Terminal, worth more than €30m.   In the context of the company’s investment …
The 58th annual Limassol Wine Festival opens its doors to the public on Friday at the Municipal Gardens.   Greeting visitors will be the trademark statue, the Vrakas, a towering figure of a man…
Did you know that Cyprus is an A-list hotspot? Whether it’s a holiday in a luxury resort or a trip to a holiday home on the coast, celebs like nothing better than heading to the year-round Cypriot s…
With beautiful beaches, rich history and delicious cuisine, Cyprus is the ideal summer destination for those looking to unwind. But tread carefully: from June to September, the island often sees tempe…
The economy remains strong, said Finance Minister Harris Georgiades.   In a statement, Georgiades said the “growth of the Cyprus economy for the fifth year, remains strong, with a rate of gro…
The Council of Ministers announced on Wednesday the setting up of an Investment Fund which the government spokesman, Prodromos Prodromou, said aimed to strengthen entrepreneurial innovation and crea…
What can possibly be better than relaxing on the  terrace overlooking the azure majesty and unfathomable mystery of the Mediterranean Sea? Or seeking total oneness with the rising swell of the water,…
We already know that living in the countryside is fantastic for your mental health, with green spaces often seen as de-stressing environments that have a positive impact on your wellbeing.   …
Building permits authorised in Cyprus during May 2019 provided for the construction of 907 new homes, compared with 541 in May 2018 according to official figures published by the Cyprus Statistical Se…
The University of Cyprus has been ranked among the 1,000 best universities of the world, according to the 2019 Academic Ranking of World Universities released by Shanghai Ranking Consultancy.   …
Nearly 40% of Cyprus (39.7%) is covered by forests according to figures released by Eurostat.   This is very close to the EU average of 41.7%.   The EU member state with the highest prop…
Rising prices in the island’s real estate is considered to be a natural development by the industry’s big players who say a cycle of fluctuations with ups and downs has been recorded throughout th…
Cyprus coffee is a characteristic part of the island’s coffee-shop culture, and preparing this strong brew takes a little skill to perfect!   Coffee and coffee shops have played an important …
The new criteria for the citizenship by investment scheme, which were approved by the Council of Ministers in February and will include the carrying out of due diligence on applicants, have been final…
Few feelings can compare to that of sinking your toes into warm sand… of the sun kissing your skin, and your senses taking in the fresh, salty breeze and the endless views of glittering blue waters.…
Officials from Greece, Cyprus, Israel and the United States are meeting in Athens Wednesday to discuss energy issues.   Environment and Energy Minister Kostis Hatzidakis, Cyprus’ Minister…
With Limassol’s seafront peppered with luxury towers and new developments, there is almost no room for new projects, so investors are heading outwards to the area between the new marina and the old …
During the first seven months of 2019, the number of sales has increased by 20.3% to reach 6456 compared to 5366 in the corresponding period of last year. In percentage terms, sales in Paphos have ris…
There has been a revolution in wine in Cyprus,” declares winemaker Charilaos Athenodorou, while sloshing a zesty white morokanella in a glass and handing it to me to taste. “In 10 years’ time, t…
The most attractive and clean beaches in Limassol are found outside the city. In total there are 33 beaches in Limassol and some of them have a Blue Flag.   Pissouri Beach – Blue Flag  …
Egypt’s foreign minister says hydrocarbon finds in the eastern Mediterranean have bolstered an already “strong partnership” with neighbouring Cyprus.   Minister Sameh Shoukry said after t…
Nearly one in four of students enrolled in tertiary education in Cyprus came from abroad — the second highest rate in the EU after Luxembourg, according to figures published by Eurostat on Tuesday. …
Tourist expenditure over the first months of 2019 appears to be steady or even on the decline but JCC data on the use of foreign cards in Cyprus presents a different story.   Specifically, Cypr…
Cyprus is scrambling to be among the first countries to join blockchain, having realised that mistakes of the past have left the island playing catchup in the digital revolution in many areas such as …
A little over 51,000 students were enrolled in universities and colleges in Cyprus for the 2018-2019 academic year, of which 53 per cent are foreign nationals, research commissioned by the education m…
East Asian investments in Cyprus appear to be gathering momentum, but the nature of the assets bought is shifting to non-urban investments, outside the citizenship scheme. Initially, in the immediate …
If you want to know more about contemporary Cypriot dance don’t miss this year’s 16th Summer Dance Festival starting on Sunday in Limassol.   Taking place at public venues in the heart of L…
Limassol’s Anexartisias Street have the costliest rents for shops in Cyprus, according to a recently-released survey carried out by Danos & Associates.   Covering the first six months of …
Two and a half years after undertaking the operations of Limassol port and the new cruise terminal, DP World has upgraded infrastructure and equipment.   DP World Limassol gave media an insig…
Cyprus is among the most active countries in the global police community, the Secretary General of Interpol Jurgen Stock has stressed, noting that the international police cooperation department of th…
More and more Cypriots are considering a career at sea within the international merchant shipping industry – just like in the old days, according to deputy minister for shipping Natasa Pilides. …
Cyprus will be issuing a call for tenders in the coming days, as it seeks to put a new, improved, public transport system in place by July next year, Transport Minister Vassiliki Anastasiadou said on …
What are the main questions investors ask when looking into possible investments?   What are investors' main objectives?   What do investors examine before proceeding with the investment…
The last lunar eclipse of 2019 will be a partial eclipse of a full moon and will be visible in Cyprus on the night of July 16 and 17.   Stargazers will be able to see the partial lunar eclipse,…
The Cyprus house price index (HPI) rose by 0.8 per cent in the first quarter of 2019 and by 4.3 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTA…
More income is received by those who rent out real estate rather than the ones who receive interest from deposits in banks.  In fact, at a time when depositors in Cyprus get crumbs since banks offer …
The goal of the national strategy of Cyprus for blockchain that has been prepared by the Ministry of Finance and which also includes an implementation road map is to make Cyprus a pioneer in this tech…
The past few years has witnessed a rapid growth of the real estate sector in Cyprus, contributing both directly and indirectly to economic development, attracting investment and creating new jobs. Lux…
The three "satellite casinos" have attracted over 880,000 visitors from across the globe, Chairman and CEO of the Melco Group Lawrence Ho said on Wednesday.   "I'm extremely happy with our firs…
Gesy is doing well and problems are being ironed out, Health Minister Constantinos Ioannou said on Monday, one month after the national health scheme was launched on June 1.   At the same time,…
Despite the latest amendments to the Cyprus Investment Programme which now includes additional criteria before citizenship is granted, strong interest from China is still there, according to reports i…
AglanJazz is surely an event that is the most delightfully-named of festivals! And it’s one of the best summer festivals around, encapsulating all that’s good about the season: balmy Mediterranean…
Cyprus is ranked 8 out of the top 20 countries globally in the Global Finance magazine's 'FDI Superstars 2018' for Foreign Direct Investments (FDI) performance and appeal.   We have come a lon…
Cyprus’ real estate sector is continuing to thrive, building on the upward trend of previous years, as sales transactions in 2018 reached a nine-year peak, making experts feel hopeful the market is …
Hellenic Bank assesses that Cyprus’ macroeconomic outlook is positive and is accompanied by a significant increase in real gross domestic product during 2018, robust employment growth and further im…
The number of individuals in Cyprus in 2018 worth over US$30 million was 205, according to The Wealth Report which gives a global perspective on prime property and investment.   At the same tim…
Cyprus is a wonderful vacation destination and it’s no surprise that many tourists choose this beautiful island with its stunning views and year round sunshine. However, in recent years, vacations t…
The housing market in Cyprus is booming. Latest figures from the Department of Lands and Surveys show that contracts deposited at Land Registry offices in April were up by more than 60% on the same pe…
Cyprus had the highest proportion of bathing sites with excellent water quality in the European Union with 99.1%, according to a report by the European Commission and the European Environment Agency…
Famous artists and bands from Greece and Cyprus, more than 100 beer brands and street food will all be part of the Medfest – Limassol Beer Festival. The second edition of the festival is getting rea…
Ayia Napa’s plan to have the first underwater museum in the Mediterranean is going ahead, the municipality said on Wednesday.   The museum will be created by world-renowned artist Jason deCai…
Filming for the Hollywood movie “S.O.S. – Survive or Sacrifice” started in Limassol, an announcement from the Cypriot production company Altadium Group said.   The movie features Willia…
As rents reach new heights with every passing month, pressure is building on the government to take affirmative action to ensure affordable accommodation for working families.   Rental prices…
The Limassol port is one of the most advanced ports in the Eastern Mediterranean and constitutes an important source of revenue for Cyprus, President of the Republic Nicos Anastasiades said on Saturda…
The number of Cyprus property sales surged in May 2019 reaching the highest number recorded since July 2008 according the official figures released by the Department of Lands and Surveys.   May…
Cyprus will earn $9.3 bln over 18 years from exploiting its Aphrodite gas field after Nicosia renegotiated a contract with industry giant Shell,  US-based Noble and Israel’s Delek, the energy mini…
The Cyprus building and construction industries are enjoying a revival and continuing to regain the lost confidence of the crisis years, with stakeholders encouraged by an increase in diversified acti…
From landscaped gardens filled with towering palms and lemon trees, I stepped into a vast lobby with a cathedral-high ceiling, acres of white marble, intricately carved walnut, natural stone and a sho…
The relatively new way of letting (Airbnb and others) seems to be increasing worldwide, whereas a recent report by the International Auditors KPMG refers to an increase of 48% in demand for Cyprus. &…
It seems that the time of insecurity following the 2013 haircut on deposits in Cyprus is over and cash that was for long in ‘hiding’ is now going back to the banks. The stabilisation and recovery …
The lifting of the restrictions imposed by Turkey on Cypriot-flagged ships would result in a win-win situation, Chairman of the International Chamber of Shipping (ICS) Esben Poulsson said on Tuesday. …
Melco picks Passport Technology as preferred cash access solutions provider for its first integrated casino resort outside Asia   Provider of payment solutions Passport Technology Inc. announce…
Everyone who has signed up for the national health scheme (Gesy) will be issued a European health insurance card so they can receive free medical care in the European Economic Area when they travel ab…
Cyprus’ construction industry is enjoying a revival and continuing to regain the lost confidence of the crisis years, with stakeholders encouraged by an increase in diversified activity such as dema…
Interior minister Constantinos Petrides on Wednesday outlined the steps the government is taking to address the major challenges facing land development.   He addressed the need for affordable …
A film shot entirely in Cyprus is among those being screened in the Market (the so-called Marché du Film) taking place alongside the Cannes film festival.   Marianna Rosset, the star of Portra…
President of the House Demetris Syllouris said on Friday that the Cypriot economy was expanding outwards as a regional hub of business excellence.   “Although Cyprus’ main pillars of busine…
With the wild west of the island blessed with beautiful age-old villages speckled across the undulating sunkissed countryside, it’s hardly surprising that many independent holidaymakers choose to se…
Cyprus tourist arrivals in April increased by 4.8%, recording a historic high for the month helped by an influx of British, Russian and Israeli holidaymakers, official data showed Friday.   A s…
Cyprus economic growth is expected to remain strong, driven by domestic demand, but downside risks are on the rise, according to the European Commission’s Spring Economic Forecast, which were discus…
For the second consecutive year, one of the major IT conventions in Cyprus, the Cyprus IT Forum 2019, will take place at Parklane Hotel in Limassol on May 20th and 21st 2019, which attracts more than …
Cyprus’ advantages for investment fund professionals as well as businesses wishing to relocate their international or regional headquarters to the country, were presented at “The Cyprus Headquarte…
April saw a sharp rise in Cyprus property sales compared to the numbers sold in the corresponding month last year, with the number of contracts deposited at Land Registry offices up 61% according to t…
Foreign Minister Nikos Christodoulides said on Thursday that developments should be expected in the next few days, concerning the energy program of the Republic of Cyprus.   Speaking on Wednesd…
Cyprus’ comparative advantages in the fields of investment funds and international headquartering were highlighted during a conference titled “The Cyprus Headquartering and Funds Summit Tel Aviv,…
Environment friendly and safe Blue Flag Beaches are waiting.   Unfortunately, not every tourist attraction is as friendly and enjoyable for visitors as it may first appear. Luckily, Cyprus is d…
Where: Cyprus   The rally in 100 words: Since 1970, the Cyprus Rally has put car and crew to a significant test. And while the current format is a little less taxing than it once was, undere…
Cyprus expects initial natural gas production from the Aphrodite field will begin between 2024 and 2025, Cyprus’ Minister of Energy Yiorgos Lakkotrypis said on Friday, after negotiations with operat…
Foreign nationals are reportedly scrambling to acquire Cypriot passports via the citizenship-by-investment scheme, ahead of tighter criteria kicking in on May 15. According to daily Phileleftheros, th…
The Cyprus Investment Promotion Agency (Invest Cyprus), recently held a business breakfast for Indian companies operating in London.   Invest Cyprus said the business breakfast fell within the …
The increase in tourism and home-sharing practices on platforms like Airbnb has led to a spike in property price and rental increases especially in Limassol, according to recently-released findings by…
Easter is a movable celebration and it's the Greatest Holiday of the Orthodox Church. It is always celebrated on the first Sunday following the first Full Moon occurring on or after  the Spring equi…
The Republic of Cyprus has revised its “Cyprus Startup Visa” scheme which now provides generous incentives and reduced economic criteria in a bid to attract startups from third countries.   …
Cyprus is not just a sun and sea destination and time has come to promote the island`s mountains and other forms of tourism it has to offer, Deputy Minister for Tourism Savvas Perdios has said. &nbs…
ExxonMobil announced it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.   The well, located in Block 10, encountered a gas-bearing reservoi…
The Bank of Cyprus Public Company Ltd, building on its robust corporate governance framework and the commitment of its Board of Directors to best practices has won the World Finance Award for Best Cor…
The number of individuals in Cyprus worth over US $30 million rose to 205 in 2018, according to Knight Frank’s Wealth Report 2019.   The report also predicts that the number of individuals in…
Cyprus is among the top five countries with the most positive contribution to the planet and climate, according to the Good Country Index.   The Index aims to measure the impact a single count…
The figures, trends and the state of the Cyprus real estate market over the last few years are a clear indication that Cyprus is becoming more and more interesting for property investors.   WHE…
House prices, as measured by the House Price Index, rose by 4.2% in both the euro area and the EU in the fourth quarter of 2018 compared with the same quarter of the previous year. The figures com…
The new chief of the Central Bank of Cyprus, Constantinos Herodotou, pledged to “maintain the country’s financial stability” and said in a reconciliating tone that among his chief priorities wou…
Hundreds of UK Cypriots alarmed over losing their rights as European Union citizens in the aftermath of Brexit, are applying for a Cyprus passport.   Britain's decision to leave the EU has mobi…
Academy Award winner Nicolas Cage will star in a new movie that will be filmed exclusively in Cyprus, helping to place the island on the world movie map.   The Cyprus Investment Promotion Agenc…
The Cyprus Investment Promotion Agency (Invest Cyprus), in cooperation with the Ministry of Education and Cypriot universities have joined forces to promote Cyprus as an educational centre of excellen…
One of the main objectives of the economic policy of the Republic of Cyprus is to further encourage foreign direct investment and to attract high net worth individuals to settle and conduct their busi…
Cyprus had the biggest percentage increase in the number of high growth enterprises in the EU in 2017 with 57%, although the absolute number is relatively low (102 in 2016 and 160 in 2017) according t…
The Central Bank of Cyprus (CBC) called for vigilance and close monitoring of rising house prices principally in Limassol that are being pushed skywards by the Invest Citizenship scheme.   The …
Around 470,000 people had visited the three casinos in the Republic by the end of January, gambling away €210m, the Gaming and Casino Supervision Commission, said on Wednesday.   The commissi…
Easter in Cyprus is a big attraction for tourism and this year is no exception, according to hoteliers who are rushing to complete renovations so as to open their doors on time. This year, Catholic Ea…
With a blanket of brilliant green stretching as far as the eye can see and pungent flowers bringing the countryside to life, there really is no better time than springtime to unleash the explorer in y…
Government Spokesman Prodromos Prodromou has said that the remarks of the 6th Post Program Review on the need to continue with reforms are absolutely correct and confirm the wider orientation of the P…
Cyprus is the 49th happiest nation on earth for 2019, according to the latest U.N. World Happiness Report, published on Wednesday.   According to the report, happiness levels are up 11 places c…
Education experts from Cyprus and the UK have discussed collaboration of the higher education and research sectors post-Brexit.   This issue dominated the first Higher Education and Research Fo…
In Cyprus, 3,286 hectares (ha) of land is planted with fruit trees of which 377 ha contains apples, 1.109 ha oranges, 299 ha peaches, 933 ha mandarins, 71 ha pears 186 ha apricots and 312 ha lemons, a…
Tourist arrivals to Cyprus broke yet another record in February and in the first two months of the year, exceeding the number of tourists that visited the island during the same period in previous yea…
The last decade formed a new reality in the Intellectual Property sector, which made its registration essential to any business.   The cyberspace with its continuous information flow, as well a…
It is a market we all think we know something about. But often our knowledge is based on nothing more than having bought a house for our own use or having rented a commercial property.   In C…
Foreign diplomats from 23 countries who are based in Greece, arrive in Cyprus today for a four day visit in the context of a coordinated effort to promote the country as a commercial, economic and inv…
A colourful carnival parade was staged in Limassol on Sunday afternoon as characters from current affairs, fairytales and fantasy took the street for a five-hour parade in from of an estimated 100 tho…
The construction of the EastMed pipeline is a geopolitical necessity, senior fellow at the American foreign council Stephen Blank said, commenting on the latest discovery of gas in the Cypriot exclusi…
February saw a sharp rise in property sales compared to the numbers sold in the corresponding month last year according to official figures published by the Department of Lands and Surveys.   D…
February saw property sales go through the roof, as the second month of the year recorded an increase of 25% in sales documents being submitted with the Land Registry.   While sales in February…
The natural gas discovery in an offshore field inside the island exclusive economic zone (EEZ) has put Cyprus on the map with strong footholds, President Nicos Anastasiades said on Friday.   …
Cyprus and ExxonMobil on Thursday announced a gas find estimated between 5-8 trillion cubic feet (tcf) in an offshore field inside the island’s exclusive economic zone.   The discovery was ma…
The success of capitalism derives from its decentralised nature, as consumers themselves are free to make decisions independently.   In a free market environment, such as the current real estat…
For Greek-Cypriot culture, Thursday equates to lots of meat-eating as the day launches the beginning of the carnival in Cyprus, eleven days before Green Monday when the real fasting starts. Whether yo…
Ayia Napa municipality will plant more than 15,000 trees around the resort, Mayor Yiannis Karousos announced on Friday.   “Ayia Napa proceeds with increasing and upgrading of the green areas …
The British Council on Thursday held a higher education and research forum with the participation of 25 higher education institutions, seven government departments and nine representatives from the UK…
Pick up a tourist brochure or magazine about Cyprus and chances are, a rather stunning pink flamingo will be staring right at you. And for good reason! Beautiful and graceful, there’s nothing quite …
Individuals who are not interested in the Cypriot naturalisation by investment scheme (resulting in Cyprus citizenship and a passport) may be interested in the permanent residence scheme that Cyprus o…
The Cyprus shipping sector is turning to education in order to invest in the workforce needed for the growing maritime cluster, that has positioned the Cyprus flag as the 11th biggest registry in the …
Limassol Carnival   The Limassol Carnival is the oldest and most popular folk festivity in Limassol but also across Cyprus. Throughout the centuries the tradition of the Apokries - the Carniv…
The Limassol Chamber of Commerce and Industry (Keve) warned this week that rents in the city will continue to spiral, ironically because of the thousands of construction workers needed to complete the…
Work began on Tuesday for construction of the new football stadium in Limassol in the presences of officials from the Cyprus Sports Organisation who called it an historic day for the town.   Th…
The launch of Hellas Sat 4 communication satellite opens a new chapter in the space history for Cyprus and Greece, Minister of Communications Vassiliki Anastasiadou has said from the Kourou Space Cent…
Following the rising demand in the Cypriot property market, a question that naturally arises is how much will property prices in Cyprus change in 2019?   The Zyprus.com ZyForecast tool provides…
February starts for Nicosia with good news, from the point of view of the new gas exploration process, as information provided by the Cypriot television station SIGMA, speaks of a quantity of natural …
The number of property sales in Cyprus continued to rise in January 2019 compared to the numbers sold in January 2018 according to official figures published today by the Department of Lands and Surve…
The Limassol marina is the newest of the three marinas, attracts thousands of visitors daily and has become the model for all forthcoming marina projects in Cyprus. Opened in 2013, the marina has been…
The University of Cyprus (UCy) has remained at number 30 on the Emerging Economies University Rankings 2019 conducted by Times Higher Education, while the University of Technology (Tepak) fell five pl…
Green turtles (Chelonia mydas) and Loggerhead turtles (Caretta caretta) nest only in a handful of select locations around the world. Cyprus just happens to be one of those locations. The pollution-fre…
P & O Ferries, a British shipping firm, has decided to register its entire English Channel operating fleet in Cyprus, a company spokesman told the Cypriot state-run CNA news agency on Friday. …
Demand for cruise holidays has been rising steadily in recent decades. According to the Cruise Lines International Association (CLIA), 27.2 million passengers traveled by cruise ship in 2018, compar…
Key trends and major drivers of the Cyprus real estate market are student housing, foreign investment in new builds and the emergence of Airbnb, according to a KPMG survey.   On the basis of KP…
The job market in Cyprus is slowly growing while social media has introduced new jobs where people can make money online without moving from their home or while travelling the world. The market is cha…
The Cyprus house price index (HPI) rose by 0.2 per cent in the third quarter of 2018 and by 1.7 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTA…
After a highly successful year for the home construction industry, real estate specialists see property sales continuing their upward trend reaching ‘normal levels’ for conditions of a healthy mar…
Cyprus is among the top 5 safest countries in the world for 2015 to spend summer holidays.  This is according to a study published on Value Penguin.   The data that they considered for the stu…
In the days of blockchain technology and cryptocurrency, it comes as no surprise that a Digital Banking & Payments Conference is taking place for the very first time in Cyprus. Happening on the la…
Here's an overview of the main trends in the Cyprus property market over the next 12 months following on from 2018.   Increasing demand for Grade A office space   Nicosia, being the capi…
A new ‘Family Beach Index’ ranks Cyprus third on a list of 50 family beach destinations in eight European countries.   Researchers looked at air and sea temperatures, family friendly attrac…
The world’s financial and energy crisis indicates the need to explore in depth all the alternative sources of energy, especially the Renewable Energy Sources (RES).   Biogas technology from f…
Many of us have headed to Cyprus on a sun and sea holiday, but not many know that, if you time it right, you can ski on snow there as well as water.   The island’s impressive Troodos moun…
Investing in real estate in Cyprus is worthwhile for foreign and local investors for all types of property. The reduction in the prices due to the economic crisis, the decrease of deposit and loan int…
The RICS Cyprus Property Price Index for the second quarter of 2018 reports that residential prices for houses and apartments increased by 1.3% and 2.1% respectively on a quarterly basis.   …
Three new large-scale projects are expected to begin in Larnaca within 2019, Larnaca mayor Andreas Vyras said on Wednesday.   The projects include a community centre, a stormwater drainage netw…
The average gross monthly earnings of employees in Cyprus stood at 1,827 euros in the third quarter of 2018 compared to 1,772 euros during the third quarter of 2017, an increase of 3.1 percent, accord…
There is something magical about predicting the future and getting it spot on. Forecasting – or making an educated guess on what the world will look like in the future – is fundamental for planni…
Image by Allaboutlimassol   A new fountain has been unveiled in the centre of Limassol, which developers referred to as “an important work”.   The Prosperity Group was behind the dev…
Limassol’s Enaerios parking lot has been transformed into a Christmas wonderland this month with dozens of festive stands and a huge Luna park. After the success Nicosia’s Christmas Wonderland has…
KPMG has published the 9th edition of the ‘Cyprus Real Estate Market Report – The Insights‘, which summarises the key trends and major drivers of the Cyprus real estate market focussing on Q1-Q3…
Cyprus on the brink of big decisions on energy was the subject of the Sixth Energy Symposium organised by the Institute of Energy North-East Europe (IENE) and Financial Media Way (FMW) in Nicosia on D…
President Nicos Anastasiades said the government has taken a series of actions and decisions to enhance the research and innovation ecosystem in Cyprus.   He was addressing the 2018 Research an…
Cyprus is gorgeous during winter as well. Enjoy your sunny winter holidays at a top resort.   Cyprus is an ideal destination for long stay winter holidays. Half of the winter days are sunny. …
The challenge is to keep up the momentum and ensure that Cyprus remains on the path of sustainable growth, President of the Republic of Cyprus Nicos Anastasiades noted on Friday, addressing the 2018 A…
The Cypriot economy has undergone a profound transformation over the past five years. Now, besides being one of the fastest growing economies in the Eurozone, the island-nation is proving itself a top…
The Republic received € 67 million from Limassol Port operations in 2017 the Internal Audit Officer Anna Zavou Christoforou said before the House of Representatives Audit Committee.   Mrs Zav…
  An impressive 470,000 books and 80,000 periodicals have now been moved to the new library of the University of Cyprus, while the new learning resource centre ‘Stelios Ioannou’ opened its…
On November 28, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation  with Cyprus.   Cyprus is recovering strongly following the 2012…
Cyprus ranked 28 out of 149 countries in a global prosperity index conducted by London-based Legatum Institute, performing best on personal freedom and safety and security.   Cyprus climbed one…
One of the key driving elements for the evolution of energy systems around the globe are new developments, regarding Renewable Energy Sources (RES), power electronics and smart grid technologies. &nb…
Stung by criticism it has been selling European Union passports for cash, Cyprus has tightened vetting procedures in a scheme that grants Cypriot citizenship to investors, the finance minister said. …
India's wealthy have long coveted foreign passports. Some see it as a ticket to easier tax regimes and more business friendly climates. For others, it’s the desire for a more western lifestyle or th…
Cyprus’ macroeconomic outlook is positive with growth expected to reach 4 per cent in 2018 and 3.9 per cent in 2019, Hellenic Bank said on Tuesday.   In its review for the fourth quarter of t…
According to CBC data, the investment funds assets increased by 3% to 4.85 billion compared with €4.7 billion in June 2018   Investment Funds operating to Cyprus reached 142 in the third qu…
The time has come to realise that we have officially joined a new era, where everything that we know so far; structures, data, mechanisms, and services are now being digitised.   Integra…
Whether you’re a nature lover, or into photography or painting, the Akamas peninsula will enchant you. With its rugged coastline, alternating between rocky shores, promontories and sandy bays, it is…
Energy Minister Giorgos Lakkotrypis announced Friday that ExxonMobil has started drilling at an offshore field inside the island’s exclusive economic zone.   The minister made the announcemen…
A PWC REPORT on the Cyprus Real Estate Market “First Half in Review H1 2018” showed that sale transactions reached 4,470 with the Land registry in H1, creating hopes that sales will surpass 2017…
Beaches   With a wealth of beaches to choose from, you’re bound to find one that suits your taste. From the quiet backwaters of the western peninsula, to the lively resorts in the east, the i…
Invest Cyprus has signed a memorandum of understanding with VeChain Foundation, a Singapore-based entity which specialises in blockchain technology application, and the American organisation CREAM, wh…
Is “purchase a property in Cyprus” on your list of New Year’s resolutions? If the prospect of winter sun doesn’t get you booking a viewing trip, the chance to protect your EU rights by buying …
Contracts for the construction of the Limassol ‘Icon’ were signed on 19th October between the Imperio Group of Companies and Iacovou Brothers at the headquarters of Imperio in Limassol.   A…
Limassol or Lemesos, the second largest city of Cyprus, was established some 4000 years ago. For this reason, one can find here various incredible monuments - for example the Ancient Theatre of Kourio…
The number of property sales in Cyprus continued to rise in October with the number of sales contracts deposited at Land Registry Offices across the Republic up 6 per cent compared with October 2017. …
Limassol and Paphos account for the majority of foreign real estate investors, but Nicosia is catching up with a 34 per cent increase in contracts of sale deposited compared to last year. LIMASSO…
In its announcement S&P explained the rationale behind its decision: The Cypriot economy will continue to grow at a solid pace through 2021, our forecast horizon, enabling the government to allevi…
No more Work Visa headaches Having a Cyprus citizenship broadens your professional opportunities and career growth, as only EU citizens have the freedom to move to an EU country and be easily…
The number of property transactions rose in August an annual 14 per cent to 653 mainly on a strong performance of the property market in Limassol, the Department of Lands and Surveys said on Monday. T…