Environmental authorities have turned down an application for a golf resort in the Ayia Napa area because of the negative irreversible effects on the natural environment.

An agreement seems to have been reached between Greece’s Marfin Investment Group (MIG) and real estate investment company NBG Pangaea for the acquisition by the latter of the Hilton Cyprus, reports said recently.

Despite recent record years Cyprus’ tourism continues to face great challenges due to geopolitical developments, recession and competition from neighbouring countries, speakers at the 41st annual conference of the Cyprus Hotel Association (Pasyxe) said recently.

The economic sentiment dropped slightly in February 2019 compared with previous month, driven by confidence loss in industry, consumers and to a much lesser degree in retail trade, according to the University of Cyprus Economics Research Centre.

Cyprus has the most expensive mobile broadband in the EU, a European Commission study found.

Cyprus’ investment for passport scheme has lifted the construction sector out of recession, triggering growth and jobs as multi-storey high-rises change the urban landscape.

Cyprus is determined to stick to its energy roadmap despite Turkey’s opposition, with Nicosia going ahead with new exploratory drilling planned for later in 2019.

Bloomberg ranked Cyprus as the 21st healthiest country in the world, in the 2019 edition of its Healthiest Country Index.

During the weekend of 16 – 17 February 2019, our firm’s members enjoyed a relaxing and vibrant weekend together with their families, at the Aphrodite Hills Hotel.

The biggest and most important hydrocarbons conference and exhibition in Egypt and the East Med region, EGYPS 2019, took place in Cairo earlier this month, and Cyprus took part with a country pavilion showing the Cyprus Hydrocarbons Company (CHC) and natural gas public company (DEFA) among others.