Cyprus’ drive to attract high-tech companies, combined with increased interest from firms to relocate, moving from geopolitically unstable regions, is expected to boost demand for real estate. According to the Central Bank
The economy is still counting its wounds from the war in Ukraine and EU sanctions imposed on Russia, leaving auditors, accountants and real estate agents assessing the extent of the damage. Tougher
A journalist from Reuters called our office asking why Cyprus has no strong reaction to the EU sanctions proposed on Russians or Russian companies, banning the purchase of real estate in member
Nicosia has welcomed the toughest EU sanctions against Russia for invading Ukraine, with Brussels banning oil imports to the bloc. European Union leaders have agreed an embargo on Russian oil imports that
Four dubious Russian oligarchs with close ties to President Vladimir Putin have obtained a Cypriot passport, according to a Cyprus Green MP, calling on authorities to revoke their citizenship. Green MP Alexandra
Ukrainian authorities have informed Cyprus about their seizure of $420 mln worth of shares and securities linked to the island, which belong to a Russian billionaire and other business people, a Cypriot
The loss of tourists from Russia due to sanctions for invading Ukraine has taken its toll on tourism-dependent businesses, including car rentals in popular resorts like Ayia Napa. Car rental associations sound
Nicosia argues that EU-proposed sanctions to ban Russian crude imports will push Cyprus to double-digit inflation. Finance Minister Constantinos Petrides said the oil embargo on Russia, the ban on Russian oil supplies,
Europe should remain united in condemning Russian aggression and keep applying pressure to make Moscow change its behaviour, President Nicos Anastasiades said during his trip to Estonia. He urged the EU to
Ukrainian President Volodymyr Zelensky on Thursday urged Cyprus to revoke passports issued to Russians through an investment scheme and stop private yachts docking in its marinas. Zelensky made the plea during a
