. Examining the real estate market, we note that it will be faced with some serious problems in the near future. There is an over-supply of real estate coming into the market for sale by the financiers and various funds that have acquired mortgaged properties to resell. Whereas the advertised prices are not as
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Areas around the capital have been turned into illegal tipping sites as residents and rubbish collectors are dumping home and construction waste in fields and riverbeds threatening the environment and public health. Moreover, the government has come under fire from MPs and Municipalities for doing nothing to rectify the situation. Illegal landfills have been created
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. There is obviously a hardcore of Britons who want to leave the European Union whatever the circumstances, no matter the consequences. These are presumably people who don’t travel abroad, don’t need a job, aren’t too fussed about the Americans buying the NHS and are quite happy to grow their own while stocking up on
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Turkish Cypriots in the occupied north of Cyprus are angry after the ruling coalition of the National Unity Party (UBP) and the People’s Party (HP) decided to slash the Cost of Living Allowance by two percentage points. COLA to be adjusted to salaries of public sector workers from July was set by the previous coalition
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. The Cabinet this week approved a ‘whopping’ €20 mln for innovation, a paltry figure if one considers that this amounts to less than 0.1% of GDP and almost as much as the University of Cyprus singlehandedly secures for its research programmes. Even the justification for this dowry – that although an autonomous fund, will
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With the new Cyprus football season getting underway top-flight clubs are looking to spend big to add quality to their squads as they aim for a lucrative qualification spot in European competition. Most teams have increased their budgets this season and there are still players to get over the line before the transfer window shuts
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The Cyprus Natural Gas Public Company (DEFA), announced Friday that a Chinese-led consortium has been chosen as the preferred bidder for the construction of a €250 mln LNG import terminal and related infrastructure. Announcing it as “a step closer to the establishment of the natural gas market in Cyprus,” DEFA said the multinational consortium of
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. By Makis Georghiou Famagustans go to the polls on Sunday to elect a new mayor to complete the term truncated by the sudden death of Alexis Galanos, who left behind him a legacy that any successor will find very difficult to follow. The election comes at a crucial time for the refugees of the
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Four organs – a liver and three sets of lungs – donated from Cyprus for transplant surgery in Israel has given patients a new lease of life. Israeli ambassador Shmuel Revel told the Cyprus News Agency (CNA) about the great importance of this humanitarian cooperation between the two countries. The latest case of organ donation
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Europe will not leave Nicosia undefended against Turkish provocations in Cyprus Exclusive Economic Zone (EEZ), Greek Prime Minister Kyriakos Mitsotakis said. Mitsotakis told journalists after meeting French President Emmanuel Macron that European solidarity and Europe will not leave Cyprus unprotected against Turkish illegal actions in Cyprus’ EEZ. Macron expressed France’s solidarity towards Greece and Cyprus
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