Leptos Estates, leading property developers in Cyprus and the Greek Islands, announced the launch of the 25th sales and information office in Cyprus, this time in the heart of Paphos harbour. The new office constitutes Leptos Estates’ ongoing strategy for reorganisation and expansion of its business. The office which is located in the most touristic area of Cyprus offers both passing tourists
More
. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents The Cyprus branch of the Royal Institution of Chartered Surveyors (RICS), provides every quarter its own statistics on real estate returns and prices. The most recent one, which indicates returns on residential apartments of 120 sq.mts.
More
. With the summer holidays officially over and children back in school, the presidential election campaigning season has gone into full drive. Already, the opposition parties have been broadcasting all sorts of tales – some true, some false – about the government’s failures, ignoring the fact that the present administration inherited a bankrupt
More
. By Daniel Guéguen Every year before the start of the summer break, I treat myself to a journey through the EU Institutions. I say ‘treat’ because it is a real pleasure for me to speak freely and in full confidence with elected politicians, senior civil servants, head lobbyists and representatives from leading NGOs.
More
EY has launched a global proof of concept (POC) to expand the use of drones in inventory observations, as part of its digital audit capabilities. In order to enhance audit quality, this extensive pilot project will use pioneering industry technology to improve the accuracy and frequency of inventory count data collection. The cloud-based asset tracking
More
The property prices recorded increases on an annual basis in all cities and asset classes, with significant increases recorded in Limassol, Nicosia and Larnaca, whilst Paphos and Paralimni have shown smaller annual increases, a RICS survey has shown. Residential prices for both houses and apartments increased by 2.3% and 1.3%, respectively, in the first quarter
More
* Announced H1 loss of EUR 554 mln after higher provisions * Bank of Cyprus Holdings, the island’s biggest lender, announced a first-half loss of EUR 554 mln, following an earlier decision to allocate EUR 500 mln of the bank’s capital, through increased provisioning, to further accelerate risk reduction. As a result, the bank’s
More
* Vote of confidence after Otkritie departure * Moody’s Investors Service upgraded RCB Bank’s long term local- and foreign-currency deposit ratings to B1 from B3 and its baseline credit assessment to b2 from b3, just days after troubled shareholder Otkritie Financial Corporation sold a major stake in the Cyprus bank to a management-held group.
More
The results from exploratory natural gas drilling in Block 11 of the Cyprus offshore exclusive economic zone (EEZ) is expected in September, wit the next few months expected to be a period of developments in Cyprus’ energy sector, according to government officials. The state-controlled Cyprus News Agency quoted sources as saying that the companies which
More
The Cyprus Tourism Organisation (CTO) has expressed its satisfaction over the annual increase of tourist revenues in June, according to data released by the Statistical Service Cystat. A press release by CTO says that the June 2017 revenues from tourist arrivals reached EUR 347.2 mln, recording an increase of 15.3% compared to June 2016. Regarding
More