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Despite numerous challenges, the Cyprus real estate market has shown resilience in the first half of 2024, with a notable increase in activity, according to the Cyprus Real Estate Agents Registration Council.
Deputy Minister of Tourism Kostas Koumis is satisfied that the latest figures on tourist arrives indicate they would be at the same levels as 2023, a good year for the industry.
The added value of Cyprus’ construction sector at current prices increased by 8.9 per cent in 2022, reaching €1.44 billion, up from €1.32 billion in 2021, according to the findings of the Construction and Land Development Survey.
Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Res ...
Eurogroup President Jeroen Dijsselbloem has said he is optimistic for Cyprus’ smooth exit from its three-year €10b bailout programme at the end of March 2016, even making a comment on the island’s possible reunification.
The Index of Production in Construction has recorded for the first time in the last seven years a positive rate of growth on an annual basis.
Unemployed persons in Cyprus reached 44,550 in December 2015, marking a reduction of 7.0% compared with December 2014, figures released by Cyprus Statistical Service (Cystat) show.
Airport operator Hermes announced recently that passenger traffic in 2015 set a new record as 7.6 million passengers went through Larnaca and Paphos airports.
The Cyprus Investment Funds Association (CIFA) has welcomed the introduction of a new fund vehicle that will bring more opportunities for professional and retail investors.
Revenue from tourism rose in October 3.6% to €225m compared to the respective month of 2015, the statistical service said recently.
Bailed-out Cyprus and its international lenders have reached an agreement regarding the future of semi-state Electricity Authority of Cyprus, it was reported recently.
The tourism industry is expected to receive some €50m in investments this year through a government scheme aimed at extending the island’s tourism season, Tourism and Energy minister George Lakkotrypis said recently.
Consumer prices dropped at a 1.2% annual rate in December 2015 after falling 2.1% the month before mainly on reduced energy prices, the statistical service said.
Land Registry data released recently show that in 2015 property sales in Cyprus followed an upward trend, recording an increase of 9% and of 13% in property sales to people from abroad compared with 2014.
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