The number of homes to be built recorded an annual increase of over 45% in the first five months of the year to May with permits providing for 3,388 dwellings from 2,333 in 2018. According to official figures, during the period January – May, 2,820 building permits were issued compared with 2,596 in the same
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The Cyprus Health Ministry’s has confirmed four cases of the Western Nile virus transmitted by infected mosquitoes. In a statement, it said that one case is being treated at the Intensive Care Unit of Nicosia General Hospital, another in the pathology ward and two in private hospitals in the capital, with one of them being
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Cyprus’ credit profile (Ba2 stable) reflects its small but wealthy economy, improved economic resilience and the government’s fiscal outperformance in the wake of the banking crisis, but there are negatives, Moody’s said. A Moody’s annual report warned it could change the rating outlook to negative if the positive debt trend were to reverse, or if
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Residential property prices rose an average 0.2% in Q4 2018 continuing a positive course for a tenth consecutive quarter, with signs that the upward trajectory will continue this year, the Central Bank of Cyprus said. According to the Residential Property Price Index (RPPI), compiled by the CBC, Nicosia, Limassol and Paphos registered a quarterly rise
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Greece, Israel and USA gave their full support to Cyprus’ sovereign right to exploit its energy resources, during the 1st Energy Ministerial Conference in Athens. Greek Minister Energy, Kostis Hatzidakis hosted Cypriot counterpart Georgios Lakkotrypis, Israel’s Energy Minister Yuval Steinitz, and US Assistant Secretary of State for Energy Resources Francis R. Fannon. During their joint
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Ireon Investments, wholly-owned subsidiary of Athens-listed Motor Oil Hellas, the Vardinoyiannis-controlled group, has concluded the takeover of three Legacy Laiki assets in Greece at a cost of EUR 73.5 mln. The sale of the three ex-Laiki subsidiaries – Investment Bank of Greece, CPB Asset Management A.E.D.A.K. and Laiki Factors & Forfeiters – was dubbed “Project
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The body of a British-Cypriot woman, who was last seen going for a run on Monday, was found in a ravine close to where she was staying on the Greek island of Ikaria, according to reports. Natalie Christopher, 34, an astrophysicist who lived in Cyprus, was first reported missing by her 38-year-old Cypriot partner, with
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Finance Minister Harris Georgiades has quickly dropped his proposal to increase the corporate tax rate from 12.5% to 15% after Cyprus business leaders strongly opposed the idea. The Finance Ministry proposal was met with unanimous disdain by the Chamber of Commerce (ΚΕVΕ), Employers and Industrialists Federation (OEB), Cyprus Investment Promotion Agency (CIPA), the Cyprus Investment
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Cyprus, Greece, Israel and the United States agreed to enhance cooperation in energy, cyber and infrastructure security, after ministerial summit in Athens. Greek Energy Minister Kostis Hatzidakis hosted Wednesday’s first energy summit of the four countries that underline the growing importance of hydrocarbon wealth and need for stability in the region. Natural gas discoveries in
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Pafos FC have signed Jason Puncheon, a veteran Premier League midfielder with the club heralding the move as a historic transfer. The Cyprus first division club said it was "making history with the greatest transfer in Paphos football and one of the most important transfers in Cypriot football". After six seasons at Crystal Palace and
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