The real estate market has three big challenges ahead: Political risk due to the war in Ukraine and its impact on the euro and the EU’s institutions Increase in residential rents as the population increases due to in-migration and locals postpone buying a home due to higher borrowing costs Higher interest rates and returns from
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Cyprus is joining a global awareness campaign over diabetes, as one in every ten Cypriots is diagnosed with the disease, said the Health Ministry. The ministry’s National Diabetes Committee, on the occasion of World Diabetes Day (14 November), said that it is stepping up its awareness campaign. The International Diabetes Federation’s global campaign for 2021-2023
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Recently-elected British Prime Minister Rishi Sunak said Cyprus-UK relations are stronger than ever. The Prime Minister sent a reply letter to President Nicos Anastasiades, according to a statement issued on Monday by government spokesperson Marios Pelekanos. He said the Prime Minister underlined the UK’s position on a solution to the Cyprus issue. Sunak reiterated his
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The Holy Synod announced voting for the new leader of the Cyprus Church would be held on 18 December after Archbishop Chrysostomos II was laid to rest. Caretaker of the throne, Paphos Bishop Giorgios, announced on Monday the process by which the next Archbishop will be elected. Parishioners will not now be given a piece
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The increase in interest rates has not affected real estate price tags, as hiking construction costs and healthy investor demand looking for alternatives to low returns from savings keep prices buoyant. The course of interest rates in the future is expected to determine property values, as an increase in the cost of borrowing could deter
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Cyprus police have arrested a Chinese man wanted for multimillion-euro financial fraud in his home country while he was attempting to leave the island at Larnaca Airport. Police announced the 49-year-old man is allegedly related to a case of fraud and embezzlement through loans amounting to 5.6 billion Chinese Yuan (CNY), equivalent to more than
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By Craig Erlam It’s been quite a choppy start to the trading week, with much of the focus on China where Covid relaxation measures and property market support have brought some relief. Unfortunately, both come at a time of record Covid infections in major cities including Beijing and Guangzhou. And those relaxation measures that were
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Areas affected by forest fires were at a historic low in 2022, the Forestry Department said in its annual assessment. According to the data, the state forest area burned was the smallest since 1960, just 0.4 hectares, and the general forest area scorched was 30 hectares, the lowest in 20 years. And the average area burned
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Cyprus and three other EU Mediterranean ‘frontline states’ issued a joint statement on a dispute over a deal for Europe to jointly help asylum-seekers. Over the weekend, Italy, Greece, Malta and Cyprus underlined their positions that they “cannot subscribe to the notion that countries of first entry are the only possible European landing spots for
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We are relentlessly told that the future is digital, and if we don’t upskill to compete online, we will die with the dinosaurs. Global tech firms were taking over the world, making it smaller and more interconnected, and screen time gave you access. Our private data now relies on cloud security, and we seem not
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