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CYPRUS: Luxury homes and student residences are driving property market

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

22nd January 2019
Cyprus

CYPRUS: How banking came out from behind the desks

. There was a time when banking involved a manager on one side of a desk and a client on the other. Banks opened late and closed early and, if you were

22nd January 2019
Comment

EDUCATION: Cypriot students in UK fear 40% increase in tuition after Brexit

The Cyprus Students Union (POFEN) is concerned over the financial affects Brexit may have on thousands of Cypriot students currently studying in the UK. POFEN fears that Cypriot students may find themselves

22nd January 2019
Cyprus

MARKETS: U-turn after disappointing headlines, IMF lowers growth estimates

By Hussein Sayed, Chief Market Strategist at FXTM After a positive start to the week, Asian equities fell Tuesday amid rising concerns over the global economic outlook. The market is currently being

22nd January 2019
Business

EUROPE: Cyprus records biggest annual increase in government debt ratio

Cyprus has one of the highest rates of government debt in the EU while registering the biggest annual and quarter-on-quarter increases in the bloc, according to Eurostat. Government debt in the euro

22nd January 2019
Business

CYPRUS: EU to warn Nicosia that \’golden visas\’ help organised crime

Brussels will issue a warning against Cyprus, Malta and Bulgaria saying their citizenship for investment schemes could help foreign organised crime gangs infiltrate the bloc and increase the risk of money laundering,

22nd January 2019
Cyprus

CYPRUS: Ayia Napa golf course gets the thumbs down over eco concerns

Environmental authorities have pulled the plug on plans to build a golf course in the resort town of Ayia Napa over habitat encroachment. The EUR 140 mln project includes an 18-hole golf

21st January 2019
Cyprus

CYPRUS: Airbnb has positive impact on real estate market and tourism industry

. By Vasia Kotlida The trend of short-term lettings is gaining more ground in 2019 in Cyprus and in the wider region (e.g. Israel, Greece).   Last year there was a significant

21st January 2019
Comment

SOCIETY: Cyprus unable to protect whistleblowers

MPs along with the Cyprus Integrity Forum (CIF) have called for the adoption of legislation to encourage potential whistleblowers to come forward in the public interest in a war on corruption. While

21st January 2019
Cyprus

CYPRUS: January rain ses largest ever monthly inflow into dams

The biggest ever inflow of water in a month was recorded during January this year with the volume entering dams peaking at 103.4 million cubic meters. This beats the previous biggest inflow

21st January 2019
Cyprus
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