Pafilia Property Developers proudly announces the launch of two high-end, exclusive projects in the cosmopolitan city of Limassol; namely Vetro Suites and Amathos Residences. The respective developments boast elegant apartments and claim prime locations in the buzzing seaside town, further enhancing Pafilia’s strategic development in the city.

Regional developments, the Cyprus issue, energy and telecommunications, as well as matters concerning the diaspora will be discussed during the 6th Trilateral Summit of Cyprus, Greece and Egypt to be held in Elounda, Crete on Wednesday 10th October, 2018.

Cypriot households and businesses outside the finance sector continue to be the most indebted sectors of the economy, the Central Bank said in a report recently, despite the drop in non-performing loans.

The consortium with the licence on the Aphrodite gas field in block 12 is “very close” to a deal to export natural gas to a liquefaction terminal in Egypt, Foreign Minister Nicos Christodoulides has said.

On the 12th of March 2018, the EU Commission via an explanatory memorandum (“Explanatory Memorandum”), adopted a package of further measures intended to deepen, unify and further integrate the capital markets sector of the 28 EU Member States.

The International Monetary Fund (IMF) has said that the progress made in resolving non – performing loans (NPLs) in the banking sector of Cyprus has been limited.

Amid renewed Turkish threats, energy giant ExxonMobil plans to carry out an exploratory drill at a prospect off Cyprus sometime in the fourth quarter, a senior official said recently, after a meeting with President Nicos Anastasiades.

Revenues from tourism rose 2.8% year-on-year in the first seven months of 2018, to around €1.5bn, the statistical service said recently.

Cyprus’ natural gas public company (DEFA) recently published the tender documents for the design, construction, and operation of an LNG import terminal that will be located at Vassilikos.

The number of registered unemployed dropped sharply in September 2018 by 23.4%, compared to the same month last year, the Statistical Service of Cyprus reported recently.