. The housing market in Cyprus is booming. Latest figures from the Department of Lands and Surveys show that contracts deposited at Land Registry offices in April were up by more than 60% on the same period last year. It’s the highest monthly figure since September 2008 and suggests that slippage recorded in March
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London urges for dialogue to resolve an energy dispute following Turkey’s announcement that drilling has begun within Cyprus’ EEZ. The Labour Party MP Paul Farrelly submitted a written question to the Foreign Office asking, “what recent representations the Foreign Secretary has made to his Turkish counterpart on Turkey`s decision to proceed with offshore drilling operations
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Cyprus registered the third biggest fall in house prices in the EU from 2010 to 2018 with a decline of 8% while elsewhere property values in Europe went up an average 15%. Overall, between 2010 and 2018, house prices grew in total by 15% in the EU and by 11 % in the euro area.
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Cyprus households are to enjoy the benefits of super-speed internet exceeding 100Mbps by 2025, joining in the digital revolution taking place in the rest of the world. A prerequisite for this is the development of high and super speed networks, so Cypriot consumers will be able to have access to connections of at least 100Mbps,
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EuroAsia Interconnector, promoter of the European project of common interest (PCI 3.10) has applied for an EU grant to construct the subsea electricity interconnection between Crete and Attica, benefiting Greek consumers by €355 mln with a commissioning date of mid-2022. The request was submitted via the ‘Connecting Europe Facility’ (CEF), the European Commission’s funding
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The Cyprus government has decided to financially support the children of the five foreign women murdered by a confessed serial killer. Deputy government spokesperson Klelia Vassiliou, said the state is to support the victims’ dependent children with the amount of EUR 17,000 each, after a decision taken by the cabinet on Tuesday. According to
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The fenced-off ghost town Varosha in Turkish-held north of Cyprus has become the latest pawn in the conflict surrounding Turkey’s drilling for natural gas off the island’s shore, reports Bloomberg. It said the breakaway Turkish Cypriot state has ordered a study to determine owners of properties in Varosha, once the island’s premier tourist resort
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European Union foreign ministers urged Brussels to immediately adopt "appropriate measures" against Turkey for drilling for gas in Cyprus waters. The General Affairs Council meeting in Luxembourg meeting expressed "grave concern over the ongoing illegal drilling" and chided Turkey for ignoring EU appeals to end such actions and follow international law. The EU's top diplomats
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For the first time since the opening of crossing points in 2003 across Cyprus’ divide, Greek Cypriot crossings have outnumbered those of the Turkish Cypriots in 2019. According to Cyprus police data, within the first five months of the year crossings by Greek Cypriots to the Turkish-held north of the island reached 800,608, while Turkish
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Greek Prime Minister Alexis Tsipras urged the EU to condemn in the strongest terms Turkey’s illegal actions in the Cyprus’ Exclusive Economic Zone (EEZ). In a phone conversation with President of the European Council Donald Tusk, Tsipras said the European Council, to be held in Brussels 20-21 June, must utterly denounce the Turkish actions and
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