Across Cyprus in Q3 2023, annual prices increased by 12.2% for apartments, 4.6% for houses, 4.4% for offices, 1.2% for retail, 8.8% for holiday flats, and 3.7% for holiday homes, but decreased
Final decisions on developing the Aphrodite gas field will be made on November 20, NewMed Energy said in a statement to the Tel Aviv Stock Exchange. It said the consortium partners will
Cypriot authorities said that 28 mainly African asylum seekers would be deported on public order offences after a riot at the island’s main migrant reception centre. Some 33 people were arrested at
By Craig Erlam We continue to see sluggish trade in equity markets, with investors battling hawkish commentary from central banks against downbeat economic expectations and speculation around rate cuts next year. Even
A settlement of the Cyprus problem would boost economic activity and remove instability, which blocks investments, officials from the European Commission and the World Bank told the Economist Summit. “As every economist
Nicosia is giving zero tolerance to Cypriot sanction busters tarnishing the island’s international reputation as a credible financial hub, said government spokesperson Konstantinos Letymbiotis. His statement followed a high-level briefing at the
Cyprus’ banking sector is in the best position it has been over the last decade, experts said at the 19th Annual Economist Summit. The experts highlighted, however, the importance of implementing the
AstroBank announced that negotiations to take over the Cyprus Development Bank (CDB) have fallen through. The island’s fourth-largest lender had set out earlier in September to acquire CDB in a bid to
The provision of aid and any country’s ability to do so to the Palestinian people in war-torn Gaza would be a positive contribution, the US State Department has said. US Secretary of
Deputy Minister of Culture Vassiliki Kassianidou is committed to promoting some of the island’s cultural heritage monuments on UNESCO’s list of World Heritage Sites to boost its attractiveness. In an interview with
