Moves on Aphrodite development plan

Israel’s NewMed Energy, one of the partners in the Chevron-operated Aphrodite gas field in Cyprus, announced in its Q1 2022 financial report released on May 23 that talks are underway with the

Building density law stumps development

Real estate and property development contribute to creating job opportunities and the growth of the Cyprus economy. Development is controlled by the existing town planning zones, which set certain factors, such as

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Larnaca deprived of multi-million development

While Larnaca anticipates landscape-changing developments, other projects have been cancelled with investors backing out such as the Russian who wanted to build a €170 mln luxury hotel on the seafront. Larnaca is