. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents It is interesting to record how public beaches are exploited by the various municipalities and other local authorities in Cyprus. Beach services in Cyprus so far have been restricted to providing umbrellas and beach beds. You might
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Chancellor Angela Merkel has announced plans for new tax allowances to promote the construction of 1.5 million new apartments throughout Germany during the next legislative period, according to Immobilien Zeitung. In addition, her Union party has also unveiled plans for Baukindergeld, a per-child payment designed to help families who build or buy a home.
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Eurofast, the Cyprus-based accountancy and advisory firm with a wide network in the Balkans, East Europe and the Middle East, has been recognised as "Payroll Services Accountancy Firm of the Year in South East Europe" for 2017 by Corporate INTL Magazine. In recent years, Eurofast has become a leader in outsourced payroll and employment
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The trade deficit widened in the first four months of the year as imports increased, while exports recorded a drop, the Statistical Service Cystat said. According to the data the trade deficit in the January – April period reached EUR 1.65 bln compared to EUR 0.72 bln in the same period of 2016. Total
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Public debt in the first quarter decreased to 107.0% from 107.8% in the last quarter of 2016, according to Eurostat. Meanwhile, at the end of the first quarter of 2017, the government debt to GDP ratio in the euro area (EA19) stood at 89.5%, compared with 89.2% at the end of the fourth quarter
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Retail trade grew in May and in the five-month period from January to May, the statistical service Cystat reported. The Turnover Volume Index of Retail Trade for May increased by 8.2% compared to the corresponding month of the previous year and reached 94.7 units (base 2010=100). For January-May, the index is estimated to have
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Output in the construction sector in Cyprus increased by 9.7% in the first quarter of 2017 in quarterly basis and by 36.7% on an annual basis, according to first estimates from Eurostat, the statistical office of the European Union. Meanwhile in May compared with April, seasonally adjusted production in the construction sector decreased by
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House prices in Cyprus, as measured by the House Price Index, dropped by -1.4% in the first quarter of 2017, compared to the last of 2016, but also increased by 4.1% compared to the same quarter of last year. The quarterly decrease was the third largest in the EU, according to Eurostat. Meanwhile, house
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The ‘best paper’ award was presented at a major international scientific conference to the KIOS Research and Innovation Centre of Excellence researcher Dr Tania Panayiotou and her Cyprus-based collaborators. The paper presented research to improve the performance of optical networks which could potentially reduce the operational and capital expenditure for telecommunication network providers. This
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One of the eight lawyers appointed to partnership at the London-based law firm Withers LLP in the latest annual round is Cyprus-born Eleni Polycarpou, a litigation and arbitration specialist. Eleni heads the International Arbitration group, and acts for clients in front of a number of the international arbitration forums, including the LMAA, ICC and
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