Building permits issued in the first half of 2021 marked a significant recovery from Covid-hit 2020 while exceeding the pre-pandemic activity of 2019, according to data released by the Cyprus Statistical Service. During the six months to June, 3,990 building permits were issued compared to 3,153 in the same period last year, recording an increase
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Annual residential property sales have jumped 31% in the first eight months of 2021; however, real estate sector stakeholders say the industry must come to terms with the scrapped Citizenship for Investment program. According to Land Registry Office data, residential property sales rose in all districts, but only Nicosia outperformed pre-coronavirus 2019. Building permits have
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El Salvador makes history on Tuesday when it becomes the first country in the world to adopt Bitcoin as official legal tender, parallel to the U.S. dollar, and other nations will soon follow suit, according to the CEO of leading financial advisory and fintech deVere Group. “El Salvador is making history with a bold jump
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Over 40,000 secondary education students return to school on Tuesday under strict COVID-19 protocols, with the need for a Safe Pass to attend for teachers as well. A Safe Pass is acquired through vaccination, illness or a negative coronavirus test no older than 72 hours. The Health Ministry said on Monday it will send mobile
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The OPEC+ group of oil-exporting members plus Russia and others agreed to stick to its April 12 decision to increase crude oil production by 400,000 barrels per day every month and return to pre-Covid-19 production levels by the end of 2022. OPEC+ made this decision disregarding US President Joe Biden’s call to increase production further
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One country, Saudi Arabia, made it to Cyprus’ COVID-19 safest green travel category, but three more countries dropped into the high-risk red zone under the latest risk assessment. Saudi Arabia was the only new addition to the safest travel category, making it nine countries from which tourists can enter the island without restrictions as Romanian
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The technical committee working on a joint gas pipeline project between Cyprus and Egypt will convene on 15 September, said Energy Minister Natasa Pilides. The minister said she was very satisfied with her meetings in Cairo over the weekend on the joint venture. The Energy Ministers of Cyprus and Egypt also decided to sign a Memorandum
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Cyprus reported two coronavirus deaths on Sunday, while hospitalisations increased to 143 and new daily cases were halved from the previous day to 147. The health ministry said a 52 year old man and an 83 year old woman were the latest victims of the pandemic, raising the death toll in September to 12 and
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Hoteliers are turning to Cypriots still in a holiday mode to boost occupancy, with tourist numbers still nowhere near those of the pre-coronavirus era, despite a last-minute upturn. While hoping an upward trend in August will continue until October as Cyprus is still warm, hoteliers are banking on Cypriots taking late or additional holidays. Residents
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Greece’s greatest composer of all times died on September 2, aged 96, an ordinary man with extraordinary talent. At age 17, Mikis Theodorakis gave his first performance in Tripoli with his work “Kassiani”. His works defined him as the biggest national composer of all times for Greece. His music touched generations of Greeks at home
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