MARKET TRENDS

Housing loans rates decline to a new low

Housing loans rates decline to a new low

Interest rates for house purchase declined to a new historic low in October, according to data released by the Central Bank of Cyprus, concerning the interest rates on new deposit and loan contracts. [...]

Total-Eni application for block 7

The Ministry of Energy, Commerce, Industry and Tourism has announced a single application from joint venture Total E&P Cyprus B.V. / Eni Cyprus Limited, for a license to carry out explorations fo [...]

President: New model for the economy

President of the Republic of Cyprus Nicos Anastasiades has presented his vision for the new model for the economy, referring to 14 important reforms, through which the government aspired to change th [...]

Golden visa funds could be used for subsidising rents

The government said it is open to the idea of channelling a portion of the proceeds from the citizenship-by-investment scheme to funding a soon-to-be-unveiled affordable housing programme. Speaking in [...]

Facebook Accused of Dark PR Tactics

Facebook faces a new controversy over alleged tactics it used to discredit its critics, embarrass rival firms and downplay problems at the company.The New York Times has published a wide-ranging acco [...]

Lakkotrypis: Cyprus energy planning on track

A drill is in place on block 10 of Cyprus’ Exclusive Economic Zone (EEZ) on the spot where the drilling will take place, Energy Minister Yiorgos Lakkotrypis said on Monday, assuring that the Republ [...]

Limassol Del Mar: Construction Works are in Full Swing

Limassol Del Mar is a fully licensed, pioneering and luxurious project, which constitutes a developmental milestone of high standards, not only for Cyprus but also worldwide. The construction works c [...]

Building Permits Increase Significantly in 2018

Building permits authorized by the municipal authorities and the district administration offices increase by 342 during the period January – August 2018, according to data released by the Statistic [...]

European Commission: Strong growth momentum continues in Cyprus

The European Commission forecasts the maintaining the dynamics of robust economic activity in Cyprus, with growth rates reaching 3.9% in 2018, 3.5% in 2019 and 2.9% in 2020, in its autumn economic fo [...]

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