. Turkey’s latest naval ‘maneuvers’ just off the southeastern coast and within the offshore license zone operated by ENI was not the first time that Cyprus reached a standoff with Ankara. Apart from the well-known historical events of the past six decades, leading up to the invasion and continued occupation since 1974, Cyprus lived through
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents So, after a long battle regarding the elections of the new president of the Republic, we have a “new” president, Nicos Anastasiades. This right wing politician had to make all sorts of compromises in order to
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President Nicos Anastasiades held a meeting late Tuesday with his closest advisors, including the Foreign, Energy and Defence ministers, as well officials from departments responsible for energy and security issues, and decided to raise the issue of the latest Turkish actions in Cyprus’ Exclusive Economic Zone during the informal European Council in Brussels on Friday.
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Property prices saw a significant year-on-year increase in the third quarter of last year, up 7.4% in the case of apartments and 4.2% for houses, according to the RICS’ Cyprus Property Price Index. Throughout Cyprus, the price of flats increased by 7.4% compared to Q3 2016, houses by 4.2%, offices by 8.8%, warehouses by 4.4%
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Subsea pipeline still in play; $15 bln deal to boost diplomatic ties The mega deal announced on Monday that Egypt would buy some $15 bln worth of future Israeli natural gas exports, is expected to break a deadlock in diplomatic ties between the two countries after an earlier contractual dispute, but also reinforces Egypt’s
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. The Cyprus Tourism Organisation has done it again, this time producing a meaningless advertisement that was published in the UK press. A first glimpse of the ad (“Cyprus, from traditional villages to a warm welcome in no time”), depicting a village scene with an ‘old’ man, a priest, a tourist and her young daughter,
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents It is by general acceptance that the existing Auditor General is doing a good job. He seems to be very particular with details and he has no reservations to publish his findings (sometimes earlier and before
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. By Costis Stambolis The positive reports earlier this month from the latest drilling activity at the Calypso location, within Block 6 of the Cyprus Economic Exclusion Zone (EEZ), has once again catapulted Cyprus to the centre stage of developments in the East Med hydrocarbon exploration theatre. Initial analysis of the drilling operation conducted by
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. Despite all the excitement about the promising hydrocarbon deposits announced by Italian Eni in Block 6 of the Cyprus Exclusive Economic Zone, the fact that Turkey continues its ‘gunboat policy’ south of the island will make it an even tougher task for Nicos Anastasiades’ new cabinet. After the mild reshuffle, maintaining a handful of
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents As reported in a previous article, there are many questions which are not answered by the new VAT authority regarding real estate. Residential lets are exempted from the 19% VAT charge, but then this directive goes
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