Oxley Planetvision Properties has appointed global hotel leader AccorHotels and its luxury Sofitel brand to manage a new 245-room resort in Limassol to open in 2022. Oxley and Planetvision say they will redefine the landscape of Limassol by “ushering in a new era of prestigious beachfront living and providing an unprecedented lifestyle experience”. They have

Turkish Cypriot leader Mustafa Akinci suggests that a rare social meeting with Greek Cypriot leader Nicos Anastasiades could be possible in the coming days if only to talk about the new crossings. “I shall meet with him after arranging the time and grounds for the meeting,” Akinci is reported as saying. It would be the

Cypriot authorities launched a rescue operation on Monday to save a group of 21 migrants drifting in an ungoverned boat after receiving a distress call. The crowded boat with 21 onboard – 10 men, nine children and two woman – was located 40 nautical miles off the island’s south-eastern coast, police said. According to the

The state Natural Gas Public Company (DEFA) has issued a tender for the design, construction and operation of a floating LNG import terminal to be located at Vasilikos Bay, near Limassol, separately of efforts to import the fuel by January 2020 to avoid emissions fines. Recent reports suggested that Shell, a partner in one of

The International Monetary Fund (IMF) says progress made in resolving non – performing loans (NPLs) in the banking sector of Cyprus has been limited. The growth momentum is strong and fiscal performance is robust, said a Concluding Statement on the preliminary findings of an IMF mission but noted that challenges remained. “Risks have partially been

Cyprus President Nicos Anastasiades believes that the return of the fenced off area of Famagusta – known as Varosha – to its legitimate Greek Cypriot inhabitants would be a gesture of goodwill on behalf of Turkey. He noted that the Greek Cypriot side has made concessions in the Cyprus talks and pointed out that the

As reunification talks seem to be going nowhere, confidence building measures (CBMs) to rebuild trust like Green Line trade has also stagnated. One of the most important CMBs in encouraging people-to-people contact is trade through the EU Green Line Regulation but figures are significantly lower than 10 years ago. While the Green Line Regulation, implemented