The value of Cyprus building permits issued in the first half of 2019 reached €1.7 bln, more than double the amount for the same period last year. During the six-month period January-June 2019, 3,393 building permits were issued compared to 3,110 in the same period of 2018. These permits provide for the construction of 4,200
More
Cypriots planning to make a late foreign getaway will still have to dig deep into their pockets just to get off the ground. Last-minute holidaymakers flying to any destination should expect to dish out a significant amount on airfares, as high demand and short supply has kept airfares relatively high. Indicative of the situation, Cypriots
More
A primary School in Aglandjia, Nicosia is promoting the love of books while building environmental awareness through recycling and reusing them. The school is among a few in the Nicosia district that promotes organized actions for the recycling and reuse of books and textbooks. The campaign is supported by the Cyprus Pedagogical Institute and Aravella
More
By Lukman Otunuga, Senior Research Analyst at FXTM Market activity during the Asian session on Tuesday was a mixed affair as investors juggled with soft inflation data from China and optimism around trade relations between the two largest economies in the world. European shares are positioned to enter standby mode ahead of the highly anticipated
More
Cypriot President Nicos Anastasiades meets Greek Prime Minister Kyriakos Mitsotakis in Athens on Tuesday to coordinate action on Cyprus peace talks and Turkish drilling activity in the region. Anastasiades will brief the Greek PM on the results of his recent contacts with UN envoy Jane Holl Lute while the two leaders are also coordinating action
More
Cyprus Ministry of Foreign Affairs has roundly condemned Turkey's stated intention to open a “consulate general” in the fenced-off ghost town of Varosha. In a statement, Nicosia said this behaviour reveals Turkey’s attempt to create a new unacceptable fait accompli and to undermine the resumption of UN-sponsored Cyprus talks. It said the Republic of Cyprus
More
Vehicle registrations for the first eight months to August declined by 7.7% year on year interrupting a five years of annual growth in sales during that same period. According to official data published on Monday, total vehicle registrations in January -August 2019 reached 31,336 down from 33,947 in the same period last year. Saloon cars
More
Bishop of Morphou Neophytos did not commit a criminal offence with his anti-gay comments that caused public outrage, the attorney-general has ruled. Cyprus Attorney General Costas Clerides agreed with police findings that the bishop did not commit an offence under the hate speech law in his controversial comments on homosexuals and how they are 'created'.
More
Cyprus has warned it will not support borrowers who can pay off their loans by including them in the state-funded ESTIA scheme set up to bailout homeowners with toxic mortgages. Finance Minister Harris Georgiades told the House Finance Committee that the European Commission has not given the go ahead to give handouts to borrowers who
More
Space technology is a unique way to promote blue growth in Cyprus said Transport Minister Vasiliki Anastassiadou addressing the International Space Forum in Italy. Blue economy sectors in Cyprus employ over 20,000 people who produce approximately €623 mln, representing 3.2% of the national economy and 5.4% of jobs, while coastal tourism represents 74% of blue
More