Despite the adverse economic conditions, the Cyprus real estate market saw a 34% increase in the value of property transactions in the third quarter, rising to €1.65 bln from €1.2 bln in Q2. Real estate expert Marinos Kinaigirou said interest from Cypriot buyers has remained steady while demand from foreign companies is increasing. According to
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Fintech will determine which countries will become powerhouse economies of the next decade, amid an intensifying tech war that will change the future said the CEO of a leading financial advisory. “It’s not the war that might first come to mind, but rather it’s an epic tech and innovation race,” said Nigel Green, deVere Group’s
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Larnaca-based Cyprus Airways has unveiled an updated livery for its two new Airbus A320 aircraft as part of its re-positioning and new business plan launched this year. The two additional new Airbus A320 aircraft are expected to join the fleet early next year and will also carry the newly designed livery. “The new branding develops
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Cypriots feel the pinch as they worry about how they will pay the bills with high inflation, soaring rents and surging electricity prices. Society is gripped by anxiety caused by an uncertain future and fears about paying the mortgage or finding somewhere to live. The economic landscape has hardened over the past 12 months as
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Cyprus society is simmering at melting point under the pressure of the cost of living while corruption scandals spread disillusionment, say psychologists. An increase in violent incidents at football matches, municipalities reporting an increase in vandalism at parks, and bullying at schools, could be early signs of a society boiling in anger and despair. Police
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Limassol avoided a tragedy this week when a pedestrian, hearing the loud noise from a balcony breaking off a condemned building, jumped away in time and narrowly escaped with scratches and light injuries. This is not the first time chunks of poorly-built buildings are falling off. An old house, which should have been abandoned, collapsed
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Vladimir Putin, the architect of the war in Ukraine, is taking his anger out on civilians and the country’s major energy infrastructure, firing scores of missiles at major cities, killing dozens and wounding more. He took vengeance for blowing up the Kerch bridge two weeks ago on multistorey residential buildings in Kyiv, Mykolaiv and Kharkiv.
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Six out of ten Cypriots feel the country is getting worse, with more than 70% saying they can’t make ends meet, according to a CyBC opinion poll. And 62% of participants thought the country was not moving in the right direction, with 26% citing the rising cost of living as the biggest problem. Just 13%
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About two months ago, I wrote an article about the problem that exists at the entrance of Nicosia, which is growing over time. In addition to the increase in vehicular traffic, we have the matter of the expected new developments served by the same highway. Apart from the new Jumbo at the Ikea/Mall of Cyprus
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The dream of owning a home is becoming a nightmare for Cypriot millennial couples as a 20% increase in prices in the past year has made buying a house impossible, with the average sale around €350,000. Stakeholders are warning that with the rate of house building rising, and if corrective measures are not taken, the
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