. It is a rule of thumb that developments in the real estate sector are mainly undertaken by land development companies. It is not uncommon though for insurance companies or provident funds to take on this role from time to time. Following the 2013 economic crisis the companies undertaking such developments have been drastically reduced.
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. The initial and resounding conclusion so far from the public hearings in the probe investigating the collapse of the Co-op bank is that incompetent people were chosen to run it, driven by political interference. This is probably why the communist party AKEL did not want the bank to close in order to cover up
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. If I was a betting man I would estimate that the planet has another two to ten centuries max – not long in the scheme of things – before the Earth starts burning up and becomes uninhabitable for human life. That’s a bit of a bummer really because I can’t see too many available
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. Being the summer season, we visited the various beaches and on occasion, we have noted some structures that are erected not by illegal private intruders, but by the Municipalities themselves! As a matter of principle, we are not against this and these beach works/buildings cannot be black and white if they are good or
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As yachting tourism is growing in the region, Cyprus has work to do if it desires to be a high-quality marine destination in the Eastern Mediterranean. A lack of a coherent policy regarding the development of marinas and promotion of the island as a yachting destination are the main reasons that Cyprus is lagging behind.
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With the kick-off to the new football season drawing nearer and thousands of fans putting on their favourite team’s shirt, clubs are adding the final touches to their squads. The local championship is expected to be one of the most competitive this decade with many teams looking to spend more than last year to attract
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Cyprus’ tourism income for May is the highest ever recorded with a 1.1% year-on-year rise bolstered by record arrivals, official data showed Friday. Tourism receipts reached €294.7 mln in May compared to €291.5 mln in the same month of 2017, recording an increase of 1.1%. It most revenue ever generated for that month. The increase
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Smart Iranian teenager Datis Amirkalali, a 16-year-old student, has been rewarded with Cypriot citizenship for his academic excellence. Minister of Interior Constantinos Petrides, in deciding to award Datis with the honorary citizenship, took into account his excellent academic achievements in mathematics. He said the boy was not only a model of academic achievement but also
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Cyprus business is still plagued by the scourge of bad cheques with the value of bounced cheques reaching €135,817 in July, provisional data released by the Central Bank of Cyprus show. For the first seven months of the year to July the unpaid amount stood at €833,114. The average monthly value of bad cheques so
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Cypriots are advised to look skywards this weekend as the dazzling Perseid meteor shower will be at its peak, with the dedicated group of starwatchers gathering in Kyperounda, Troodos on Sunday evening. Chrysanthos Fakas, head of the Astronomical Society of Cyprus, ASTREK, told CyBC radio that they will be setting up free telescopes for the
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