Cyprus News


imgCyprus President Anastasiades departing on state visit to India on Monday 24/04/2017
President Nicos Anastasiades leaves on Monday evening for India on a four-day state visit, heading a delegation of officials and businesspeople. Anastasiades, who will be accompanied by the ministers of finance, energy, transport, agriculture, and the government spokesman, will arrive in Mumba on the morning of 25 April.


imgMelco-Hard Rock Resorts to Sign Contracts for the Construction of the Limassol Casino at the End of April 24/04/2017
Melco-Hard Rock Resorts, the consortium tasked with building the Republic of Cyprus’ first grand casino in 2020, are expected to sign the contracts for the construction of the multimillion euro project towards the end of April.


imgTourist Arrivals Increase By 2.8% in March 2017 23/04/2017
On the basis of the results of the Passengers Survey, arrivals of tourists reached 140,873 in March 2017 compared to 137,013 in March 2016, recording an increase of 2.8%. March 2017 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month.


imgChinese Investors Contribute to the Revival of Construction Sector in Cyprus 20/04/2017
Chinese investors have contributed to a large extent to the revival of the construction sector in Cyprus following its collapse after the 2013 economic crisis.


imgIndia Extends eVisa Facility to Cypriot Passport Holders for Tourism 06/04/2017
In view of excellent, traditionally historic relations between India and Cyprus and the desire of both countries to promote tourism, people to people contacts and explore further opportunities, the Government of India has decided with immediate effect to extend eVisa to Cypriot passport holders for travel to India for tourism purposes.


imgCyprus and Thailand The Most Popular Destinations for Russian Tourists 27/03/2017
The data of Rosstat and tourist offices indicate that Thailand was the most popular destination among tourists from Russia in 2016. About 866.6 thousand tourists travelled to this country, 28% more than in the previous year, according to the Association of Russian Tour Operators (ATOR).


imgGeorgiades: S&P Upgrade Confirms Cyprus' Growth Prospects and Sustainable Fiscal Path 20/03/2017
Friday's, March 17, upgrade by Standard and Poor`s confirms the Cypriot economy`s growth prospects as well as the stable and sustainable fiscal path, Minister of Finance Harris Georgiades has told Cyprus News Agency, reaffirming the government`s commitment to a balanced budget policy.


imgCyprus Approves Contracts with ENI, Total and Exxon 20/03/2017
Cyprus is set to sign on April 5 and 6 contracts with the selected bidders of the third licensing round for explorations in blocks 6, 8 and 10 of its Exclusive Economic Zone, Energy Minister Yiorgos Lakkotrypis has announced.
 


imgThe Importance of Continuing Reforms to Attract Foreign Investments 16/03/2017
Over the last three years the Cyprus economy has made important steps in the right direction. Cyprus has exited the economic adjustment programme, while it is no accident that a positive growth rate has been recorded for eight consecutive quarters, following a prolonged recession.


imgENI: There Could Be Another Zohr in the Region 16/03/2017
We believe that there could be another Zohr in the region, Luca Bertelli, Chief Exploration Officer of ENI SpA told participants of the Eastern Mediterranean Gas Conference, in Nicosia, adding that Zohr alike prospects are believed to be contained in the EEZ of Cyprus


imgCyprus ranks high on freedom of political rights and civil liberties 07/03/2017
Cyprus ranked 19th out of 195 countries for its high level of political rights and civil liberties in 2016, higher than France and the US, which came in at 27th and 28th place respectively.


imgCyprus and Egypt Sign Series of Agreements and Memorandums to Enhance Bilateral Ties 07/03/2017
Cyprus and Egypt signed on Friday, March 3, a series of agreements and memorandums that further enhance their bilateral ties, with the two sides stressing that they consider each other as strategic partners.


imgCyprus Tourism minister confident for 2017 15/02/2017
After a record 2016, Tourism Minister Giorgos Lakkotrypis expects even more positive results this year barring unforeseen obstacles, he said on Tuesday in an address to a hoteliers’ conference in Nicosia.


imgCyprus - The Real Return on Investment 26/01/2017
Cyprus offers a unique basket of advantages to foreign investors utilizing Cyprus as a base for conducting their business activities worldwide.


imgLakkotrypis Meets with Selected Companies Ahead of 3rd Licensing Round Negotiations 24/01/2017
Minister of Energy Yiorgos Lakkotrypis met on January 13 with companies / consortia that have been selected to negotiate with Cyprus Government under the 3rd licensing round for offshore hydrocarbons exploration in Blocks 6, 8, and 10 in the Exclusive Economic Zone (EEZ) of Cyprus.


imgCypriot passport ranks 13th on global power scale 12/01/2017
The Cypriot passport ranks among the strongest in the world, as holders are able to travel to 146 countries without a visa.


imgCyprus among NY Times List of Places to Go in 2017 11/01/2017
Cyprus has been listed in the New York Times as one of the places to visit in 2017, with the tagline “A cultural and culinary renewal on a Mediterranean island.” 


imgTotal readies drills in Cyprus 11/01/2017
France’s Total is preparing to drill for gas off Cyprus, close to ENI’s huge Zohr discovery off the Egyptian coast which in 2015 renewed interest among oil majors for exploration in the Mediterranean.


imgTaxation Issue of Russian Real Estate in Cyprus Resolved 28/12/2016
Successful was ultimately the outcome that was raised with the intention of Russia to tax profits from properties even if they belonged to a company that was registered in another country.


imgGrowing interest in Cyprus property 20/12/2016
Growing interest in Cyprus property Cyprus is back in the top 10 of the November edition of the property portal TheMoveChannel.com’s Top of the Props chart, which records the most searched for overseas destinations to buy property.


imgEnormous improvement in the property sector. 12/12/2016
The president of the Cyprus Land & Building Developers Association (LBDA) seems to be optimistic for the change of situation


imgCyprus Airways reborn 02/12/2016
“We are happy to present the first aircraft for the new Cyprus Airways,” Natalya Popova, Cyprus Airways chief commercial officer, said in a news release. “We hope that our livery will appeal to our passengers and will make the company’s fleet recognisable in any airport across the world thanks to the selected colours and the symbols of Cyprus, which remind of the unique peaceful and beautiful atmosphere enjoyed by anyone arriving on the island.”


imgCasino to be the largest in Europe 22/11/2016
Cyprus casino will be the largest in Europe, Minister of Tourism, Commerce, Industry and Energy, Yiorgos Lakkotrypis said on Friday. Replying to questions by journalists, Lakkotrypis pointed out that the multi-thematic casino resort to be built in Cyprus will be the biggest in Europe both as regards the number of tables and game consoles.


imgDouble tax evasion deal signed with India 21/11/2016
CYPRUS and India on Friday signed a double taxation and fiscal evasion agreement, paving the way for the island’s removal from the Asian country’s black list.


imgEconomy grows 2.9% in Q3, Cystat says (Update-1) 16/11/2016
Cyprus’s economy expanded an annual 2.9 per cent in the third quarter of the year after growing 2.8 per cent in the second quarter, the statistical service said citing a provisional estimate.


imgMoody's Changes Cyprus Government Bond Rating Outlook to Positive from Stable 14/11/2016
Moody`s rating agency has changed the outlook on the Cyprus government bond rating to positive from stable, Cyprus News agency reports


imgFitch upgrades Cyprus’ economy to BB- 24/10/2016
Fitch ratings house has upgraded the long-term prospects of Cyprus, rating the country’s economy one grade higher at BB- from B+.


imgLakkotrypis Expresses Cautious Optimism for 2017 Tourism 23/10/2016
Tourism minister George Lakkotrypis has expressed cautious optimism about 2017 being an even better year for Cyprus in terms of attracting tourists to the island, following meetings with travel industry professionals during world Travel Market in London.


imgDemetriades in Hong Kong and Shanghai to Promote Shipping 22/10/2016
Transport Minister Marios Demetriades is paying a visit to Hong Kong and Shanghai on the occasion of the “Investment Opportunities in Cyprus” seminars, the Cyprus News Agency reports. During his visits the Minister will meet companies based in Hong Kong and Shanghai to promote Cyprus as an important shipping centre.


imgGeorgiades sees expects almost 3% growth rate this year 18/10/2016
Finance minister Harris Georgiades said that Cyprus’s economy may expand at a rate of up to 3 per cent this year, after growing a revised 1.7 per cent in 2015, and may continue to grow at a rate ranging between 2.5 per cent and 3 per cent in the medium-term, the Cyprus News Agency reported on Monday.


imgCyprus satellite casinos to open next summer 06/10/2016
Cyprus is set to have its first casinos by July next year if Melco-Hard Rock is awarded the casino contract. The news was announced on Wednesday during Melco-Hard Rock’s presentation of their proposal to the relevant state coordinating committee at the International Conference Centre in Nicosia.


imgCyprus’s economy to grow 2.2% in 2017 after growing 2.8% this year 05/10/2016
The International Monetary Fund (IMF) said that Cyprus’s economy which exited a prolonged recession last year when it grew 1.5 per cent will see its growth rate slow down from 2.8 per cent this year to 2.2 per cent in 2017.


imgSeventy two crews on entry list for Cyprus Rally 2016 03/10/2016
A total of 72 crews from nine countries are on the entry list for Cyprus Rally 2016.
The event will take place from October 7-9 and will again, host two regional FIA championship rounds. One will be the tenth and final round of the European Rally Championship and the other will be the fifth round of the Middle East Rally Championship.


imgCyprus Remains a Stable, Safe, Business-Friendly Jurisdiction 26/09/2016
Finance Minister Harris Georgiades spoke at the Cyprus Economic & Investment Summit in New York on September 22 about Cyprus’ recovery. “A recovery which confirms that even during the height of its troubles, the economy of Cyprus had never lost its potential. In fact, it has demonstrated resilience and adaptability.”


imgS&P Raises Cyprus Rating to ‘BB’ 19/09/2016
S&P Raises Cyprus Rating to ‘BB’ Standard & Poor’s has upgraded its assessment of Cyprus by one notch to BB, with the rating agency saying the outlook was ‘positive’.


imgBREAKING NEWS : Great News for property buyers and Investors 15/09/2016
The Cyprus Government has approved a revised scheme for granting Cypriot citizenship to non-european entrepreneurs and investors.


imgBenefits of Acquiring Cyprus Citizenship 13/09/2016
Benefits of acquiring Cyprus citizenship:
Today, acquiring a second citizenship offers the opportunity to create wealth across borders, to limit visa restrictions when travelling and it opens county borders for individuals, which is not always available when using the passport of the country you were born in. This infographic by Leptos Estates the Leading Property Developers in Cyprus shows the benefits investors have when acquiring European - Cyprus citizenship.
 


imgCyprus and Egypt sign agreement 02/09/2016
Cyprus and Egypt signed an agreement on Wednesday creating the legal framework for energy companies to go ahead with their own commercial talks on the transport of natural gas from Cyprus to Egypt via a sub-sea pipeline.


imgNew ambassadors to Cyprus from China, Jordan 02/09/2016
President Nicos Anastasiades on Tuesday received the credentials of two new ambassadors to Cyprus – from China and from Jordan which appoints a resident head of diplomatic mission in Nicosia for the first time.


imgJordan's first Ambassador to Cyprus expresses Amman's support for a lasting settlement 01/09/2016
Jordan supports the efforts to achieve a peaceful and lasting solution to the Cyprus question, based on the implementation of all relevant UN resolutions, the country`s first Ambassador Mohamad Sharari El-Bakhit El-Fayez has said on Tuesday.


imgCyprus Visa Application Centre Launched in Jordan 27/08/2016
Travellers from Jordan can now apply for visas to Cyprus at the new Cyprus Visa Application Centre launched in the city of Amman. With Cyprus emerging as a preferred outbound destination, applicants will find this centre, located in the heart of the city, an easily accessible and convenient option.


imgCyprus & Greece on the Top 3 Countries With the Best Weather and Climate 08/08/2016
Sun-seekers rejoice! InterNations survey finds that Cyprus, Costa Rica and Greece have the most favorable weather For all those who dream of 365 days a year of sun, the members of international expat community InterNations have identified the places around the world with the best weather:


imgGOOD NEWS FOR PROPERTY BUYERS Property Transfer Fees reduction of 50% is now permanent 29/07/2016
The time to buy your dream home in Cyprus is now. Benefit from the permanent reduction of the transfer fees by 50%.


imgENI and Total ‘join forces’ for Block 6 25/07/2016
Energy giants ENI and Total have reportedly defied threats from Turkey and joined forces to go after Block 6 in Cyprus’ Exclusive Economic Zone (EEZ), according to media reports on Saturday.


imgCyprus Immovable Property Tax Reduction of Over 70% in 2016. IPT will be abolished in 2017 15/07/2016
The plenary of the House of Representatives voted on July 14, 2016 to reduce immovable property tax between 72.5% and 75% for 2016 and to abolish it from 2017 onward, Cyprus News Agency reports. 


imgThe Inauguration of the UAE Embassy in Cyprus Strengthens the Bilateral Cooperation 12/07/2016
President Nicos Anastasiades expressed his appreciation to the Emirati Authorities for their principled stance on the Cyprus problem, as well as for the steadfast support they have provided Cyprus over the years and in particular for their supportive position within the Organization of Islamic Cooperation, the Cyprus News Agency reports.


imgGreat news for CYPRUS, as it’s officially one of the TOP SAFEST countries in the world!!! 11/07/2016
According to a recent worldwide survey of 107 out of 195 countries that generate enough data to run a study about the safest countries in the world, Cyprus proudly holds the 5th place worldwide!


imgIndia signs double tax avoidance treaty, removes Cyprus from blacklist 01/07/2016
Indian authorities will strike Cyprus off the South-Asian country’s blacklist after India and Cyprus successfully renegotiated their agreement for the avoidance of double taxation and prevention of fiscal evasion, the finance ministry said.


imgEmir of Qatar Appoints Ambassador for Cyprus 01/07/2016
On June 29 the federation of Arab News Agency reported that HH the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani issued Emiri Decision No. 29 of 2016, which appoints Sultan Ibrahim Youssef Ibrahim Al-Mahmoud as ambassador extraordinary and plenipotentiary to the Republic of Cyprus.


img CYPRUS-BAHRAIN DOUBLE TAX TREATY ENTERED INTO FORCE 13/06/2016
The Government of the Kingdom of Bahrain and the Government of the Republic of Cyprus concluded an Agreement for the avoidance of double taxation with respect to taxes on income, based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital.


imgCyprus Government announces cuts in property tax 02/06/2016
The Minister of Finance, Harris Georgiades, said that another important step towards tax reform was made, in announcing what is essentially a tax cut in property taxes for households and businesses.


imgCyprus Economy: Registrations of new companies increase 01/06/2016
Applications for registrations of new companies continued to rise for ninth consecutive month in May, according to data from the Department of the Registrar of Companies and Official Receiver.


imgPresentation on Byzantine Gardens and the Gardens of Halki at an International Conference in Constantinople 31/05/2016
Dr. Julia Georgi, Associate Professor, Head of the Department of Architecture Land and Environmental Sciences of Neapolis University Pafos, presented as Key note speaker her paper entitled “The Garden at Byzantine times: Issues of Restoration" at the International Conference ' USULAR PEMKON KONFERANSLARI held from 23-25 May 2016.


imgCYPRUS IN FIGURES 27/05/2016
Cyprus is an attractive International investment destination and business center. Situated at the crossroads of Europe, Asia and Africa is welcoming to foreign investors, buyers and tourists. “You are welcome Sir to Cyprus” (Shakespeare: Othello, Act4, Scene1)


imgCyprus bathing waters the best in Europe 26/05/2016
The European Union’s annual bathing water report on Wednesday listed Cyprus as having the most ‘excellent’ beaches for swimming amongst all the member states


imgCobalt officially Cyprus’ new airline 19/05/2016
Cobalt is officially Cyprus’ new airline with its Air Operator Certificate issued on Wednesday after successfully completing a test flight from Larnaca to Heraklion, a press release from the low-cost carrier said.


imgRussian Tourism in Cyprus Up by 60% 12/05/2016
Fears of having fewer tourists from Russia can be put to rest for now, as more Russians are set to flock the island this summer leading the way for smaller markets to follow suit. Based on arrivals and summer reservations so far, the Cyprus Tourism Organisation (CTO) has every reason to believe this year could be another great season, InCyprus reports.


imgPresident Anastasiades: Energy sector changing in Cyprus 24/04/2016
President Nicos Anastasiades said on Tuesday that amid rapid changes both in the social and the economic fields, the energy sector in Cyprus is fundamentally changing with regard to its structure, organisation, and means of exploitation. 


imgTourist Arrivals Increase by 40.6% in March 19/04/2016
Tourist arrivals in March 2016 reached 173,013 persons, compared to 97,479 in March 2015, recording an increase of 40.6%, according to the latest figures of the Passengers Survey released on April 18, by the Statistical Service of Cyprus.


imgFirst Cobalt plane lands in Larnaca 14/04/2016
The first plane of new Cypriot airliner Cobalt Air landed at Larnaca Airport on Wednesday afternoon. The Airbus A320-233 – which is currently bare white and without the blue and white patterned colouring and logo of Cobalt – is set to be inspected by the Civil Aviation Authority before it can be given its Air Operating Certificate.


imgOmirou Signs Cooperation Protocol with Egyptian Counterpart 13/04/2016
President of the House of Representatives Yiannakis Omirou stressed on April 11 the historic and close relationships between Cyprus and Egypt, noting that they are going through one of the best periods in their history, according to the Cyprus News Agency.


imgIncrease in Applications to Register New Companies 11/04/2016
A significant increase in the number of applications for new companies was recorded in March, as reported by the Cyprus News Agency.


imgCobalt Airways to Launch in June 11/04/2016
Cobalt airline is aiming to revolutionise the local travel market by launching low-cost flights between Cyprus and far-flung destinations, including China, the Cyprus Mail reports.


imgCyprus-India Building Trade Relations 07/04/2016
Lobby groups and business associations from Cyprus and India are working to build trade relations between the two countries with an eye to a new double taxation agreement that is being negotiated, according to In-Cyprus.


imgCyprus Double Taxation Treaties 04/04/2016
The Cyprus Ministry of Finance will be signing soon new tax treaties with more African and Asian countries. Cyprus is consistently voted as the most attractive European tax regime by major business organizations and tax professionals across Europe.


imgCyprus to Launch Third Round for Offshore Oil and Gas Drilling 28/03/2016
The detection of carbonate layers in the southern part of Cyprus’ Exclusive Economic Zone (EEZ), which could hold pockets of natural gas, was a chief reason behind the government’s decision to launch a third oil and gas licensing round, Energy Minister Giorgos Lakkotrypis has said.


imgTourist arrivals up by 30% 18/03/2016
Tourist arrivals in Cyprus increased significantly in February, according to data released by the Statistical Service on Thursday. New figures show that arrivals from Russia soared in February.


imgFirst Cobalt Aircraft to Arrive Within Days 15/03/2016
Cobalt air will be flying to 16 cities from Larnaca when it begins operations, while the first of its three Airbuses will arrive within the next few days, chairman Grigoris Diakou has said.


imgCyprus and Armenia to Sign Bilateral Agreements 15/03/2016
The Presidents of Cyprus and Armenia, Nicos Anastasiades and Serzh Sargsyan, will sign bilateral agreements between the two countries, in the framework of Sargsyan’s two-day official visit to Cyprus, beginning on March 15.


imgCompany registrations up by 28% 10/03/2016
Applications for company registrations recorded a large increase in February 2016, reinforcing expectations for improving conditions in the flow of international business in Cyprus. According to new data by the registrar of companies and official receiver, applications for company registrations totaled 1089 from 790 in February 2015. This corresponds to an increase of 27.8%. In January the increase was 17.8%.


imgS7 Group Co-Owner to Establish Charlie Airlines in Cyprus 03/03/2016
The co-owners of Russian carrier S7 Airlines are set to launch a new airline in Cyprus that will operate routes within Europe, the RBC news website reported Wednesday, citing company shareholder Vladislav Filyov.


imgCyprus to Create ‘Gas-Corridor’ from East-Med to Europe 03/03/2016
The Cypriot Government is continuing to advance its strategy for the creation of a gas-corridor from the East-Med to Europe, by collaborating with potential transit countries, said President Nicos Anastasiades on Monday


imgSTOP PRESS: 22/02/2016
Great Improvements on Cyprus Permanent Residence Permit announced by the Ministry of Interior of Cyprus.


imgCyprus to Go Ahead with Third Gas Exploration Round 19/02/2016
The government has announced that it will launch a third oil and gas exploration round in Cyprus’ Exclusive Economic Zone (EEZ). 


imgCyprus economy to grow 1.6%, says Moody’s 15/02/2016
Moody’s Investors Service expects the Cyprus economy to grow 1.5 per cent in 2016 after growing 1.4 per cent in 2015 ,with the government posting a fiscal deficit of 0.5 per cent of economic output in 2016 and a 0.1 per cent surplus next year.


imgIMF: Cyprus Should Be Credited for its Success 14/02/2016
The success story of Cyprus is a success for Cyprus, the Cypriot government and the Cypriot people, a spokesman of the International Monetary Fund (IMF) has told the press.


imgCTO eyes nearly three million tourists in 2016 09/02/2016
The Cyprus Tourism Organisation (CTO) is aiming for arrivals in 2016 of 2.9 million following last year’s record of 2.7 million, MPs at the House finance committee heard on Monday.


imgNew Cypriot Airline Launches 29/01/2016
New Cypriot airline Tus Airways – standing for “Τhe Ultimate Schedule” – has officially launched.


imgCyprus Goverment approves gas share for BG 19/01/2016
The Cabinet on Monday gave the green light to an Energy Ministry proposal to include the BG Group (British Gas) in the consortium for Block 12 of Cyprus’ Exclusive Economic Zone


imgCyprus Economy: Property sales optimism for 2016 12/01/2016
Property sales recorded an increase for the second year in a row in 2015, but still remain 60% below the 2000 levels. 


imgCyprus Tourism Industry Rakes in €2B in 2015 11/01/2016
The tourist industry managed to accumulate revenue amounting to almost €2 billion during the period January-October 2015, according to the Statistical Service of Cyprus. 


img2016 - Busy year for Cyprus energy prospects 07/01/2016
Cyprus’ energy agenda in 2016 will be extensive, Energy Minister Giorgos Lakkotrypis said on Monday.


imgCyprus Chamber of Commerce & Industry Optimism For 2016 28/12/2015
2015 turned out to be a much better year than expected and 2016 is going to be even better, according to Phidias Pilides, President of the Cyprus Chamber of Commerce & Industry (CCCI) in his New Year message.
 


imgCyprus Best-Value Destination for UK Holidaymakers 28/12/2015
 
In Cyprus, cheapest of 10 winter sun favourites checked by researchers for New Year getaways, a seven night package to Paphos including evening meals in resort restaurants costs £239 per head.
 


imgCyprus back at number 10 14/12/2015
Cyprus jumped twelve places to number 10 in November’s Top of the Props chart published by TheMoveChannel, which records the most searched for overseas destinations to buy property


imgCyprus property sales recovering 10/12/2015
Both Cyprus domestic and overseas property markets are recovering with sales to the domestic market up 11 per cent and the overseas market up 48 per cent during November compared to the same period last year


imgCyprus, Greece, Egypt to speed up sea boundaries talks 09/12/2015
Cyprus, Greece,  and  Egypt agreed on Wednesday to speed up talks to demarcate sea boundaries in the Eastern Mediterranean as part of efforts to turn the region into an offshore natural gas hub.


imgRevenue from tourism up by 17.4% in 2015 01/12/2015
Revenue from tourism recorded the biggest increase in the last eighteen months in September 2015.On the basis of the results of the Passenger Survey contacted by the Statistical Service of Cyprus, revenue from tourism reached €321,1 million in September 2015


imgBefore you invest investigate - Be a succesful Real Estate Investor 20/11/2015
“YOUR ARE WELOCME, SIR, TO CYPRUS” by Shakespeare-Othello
“YOU ARE WELCOME, FRIENDS, TO CYPRUS” By Cyprus People


imgMoody’s Upgrades Cyprus’ Government Bond Rating 16/11/2015
Moody's upgraded Cyprus' government bond rating by two notches to B1 from B3, on November 13. The outlook is stable while Cyprus’ short-term rating was affirmed at Not-Prime.


imgCypriot president praises ties on eve of Jordan visit 09/11/2015
Cypriot President Nicos Anastasiades commended the good ties between his country and Jordan and said his visit to the Kingdom, which is scheduled to start today, will look into means of enhancing them. 


imgNew tax incentives in Cyprus 08/11/2015
Specifically, exemption from capital gains tax has been introduced for sale of properties that have been or will be acquired between the day the Law was enacted and 31 December 2016.


imgWorld Bank notes Cyprus improvement 29/10/2015
The World Bank on Wednesday listed Cyprus amongst 10 countries with improving economies, opening it up to new investment


imgCyprus issues 10-yr bond 28/10/2015
Cyprus issued a benchmark 10-year one billion euro bond with a yield of 4.25% on Tuesday, its first since 2010, indicating growing confidence in the economy which officially exited recession in the first half of the year


imgS7 Airlines starts flights to Cyprus 26/10/2015
S7 Airlines, a member of the oneworld® global aviation alliance®, adds new countries to its route network by starting flights to Cyprus.


imgFitch upgrades Cyprus to B+ citing fiscal, economic over-performance 24/10/2015
Fitch Ratings upgraded Cyprus’s long-term foreign and local currency issuer default rating by two notches to B+ and placed it on positive outlook citing a fiscal “over-performance,” an expected declining trend of government debt, the implementation of cash-for-reforms programme including the foreclosure law and faster economic recovery.


imgCyprus Property Prices Rising 12/10/2015
House prices in Cyprus rose during the second quarter of 2015 according to figures published on October 8 by Eurostat, the statistical office of the European Union.


imgStandard & Poor’s Ratings Services raised its rating on Cyprus 28/09/2015
The credit rater had suggested earlier this year that sovereign downgrades were likely to outnumber upgrades this year


imgCyprus Solution Will Lead to Economic Development 23/09/2015
President Nicos Anastasiades underlined that a solution to the Cyprus problem will act as a catalyst for the island’s economic development and will benefit several sectors including energy, shipping, tourism and transport.During his stay in Chicago, the President gave a speech entitled “Lessons from the Cypriot crisis and the road to recovery” at the Chicago Council on Global Affairs.
 


imgSTOP PRESS 18/09/2015
Great Improvements on Cyprus Permanent Residence Permit announced by the Ministry of Interior of Cyprus. It enables qualified investors to obtain Permanent Resident status in Cyprus.


imgCyprus’ Citizenship-by-Investment continues to be one of the leading programs in 2015 09/09/2015
Cyprus' recently revised taxation framework makes it arguably the most attractive citizenship-by-investment program in Europe to offer non-domiciled investors tax free profits.


imgCyprus the 5th top safest Country in the World 17/08/2015
The safest country, according to the ValuePenguin survey, is Switzerland, followed by Singapore, Spain, Japan and Cyprus. The island also tops the list of the safest small countries (those with a population of less than 5 million).The report says of Cyprus: “The Republic of Cyprus made it this high because it bested the aforementioned four cities in two categories: It ranked 21st overall in national police personnel per 100,000 people (with 466), and it ranked 22nd in thefts per 100,000 people (with 111).


imgCyprus Citizenship - Frequently asked questions 16/08/2015
Frequently asked questions general matters
1. What is the time frame for the examination of an application? Approximately three months.
2. What is the amount of the fees payable for each application?
 


imgCyprus Ranks First in Europe’s 5-Star Hotels List 11/08/2015
According to Cyprus Tourism Organisation (CTO) Chairman Angelos Loizou, Cyprus has one of the best infrastructures in the hotel industry and ranks first in Europe in 5-star hotels in proportion to its population.


imgCyprus signed a Tax Treaty with Iran for the avoidance of double taxation 04/08/2015
On 4 August 2015, Cyprus signed a tax treaty with Iran for the avoidance of double taxation.

The tax treaty is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital and its main provisions are briefly outlined below:


imgCyprus has the lowest crime rate in EU 02/08/2015
Cyprus is the safest country in the EU – based on analysis of data from the EU’s statistical office, Eurostat. You cannot draw this conclusion simply by visiting the Eurostat website, as the statistics are simply given in their absolute form: total number of recorded crimes, total number of violent crimes, robberies and so on.


imgCyprus Permanent Residence and Citizenship. 30/07/2015
The Ministry of Interior of the Republic of Cyprus issued in May 7,2013 New Revision of the Criteria for granting a Permanent Residence ,Immigration Permit and a new plan for exceptional naturalization of Investors in Cyprus,Cyprus Citizenship .


imgTax law amendments enhance Cyprus’ corporate and personal tax competitiveness 29/07/2015
On July 16, 2015 a number of amendments to the Cyprus corporate and personal tax laws were published in the Cyprus Government Gazette. 


imgCyprus Double Tax Treaties 28/07/2015
Cyprus is consistently voted as the most attractive European tax regime by major business organizations and tax professionals across Europe. Cyprus has been commended for the stability of its tax law, the consistency in interpreting its tax legislation and its low tax and VAT rates. In summary, Cyprus is among the lowest-tax EU onshore jurisdiction.


imgCyprus Property Transfer Fees Reduction 26/07/2015
The Parliament has approved the bill for the reduction of the property transfer fees by 50% which will apply to all property sales and registrations of leases or subleases that take place until 31 December 2016.


imgCyprus Citizenship Scheme Attracts South African Investors 13/07/2015
Cyprus is among the six international locations to which South African high net worth individuals have begun to migrate, according to a new international report. Indeed, a new study from LIO Global and New World Wealth has revealed that South Africa has seen a net outflow of 8,000 dollar millionaires over the last fifteen years. 


imgTax incentives target rich foreigners 02/07/2015
A 50 per cent cut in Property Transfer Fees and other tax incentives have been announced by the Cyprus President in efforts designed to attract high-net-worth foreign investors to the island. 

PRESIDENT Nicos Anastasiades on Wednesday announced tax incentives, including a 50 per cent cut in property transfer fees, to boost economic activity as Cyprus moves to attract rich foreign nationals.


imgCyprus to Benefit from China's Surge of Overseas Investments 25/06/2015
Cyprus may be among the European countries to benefit from a projected surge in Chinese overseas investment, according to a new research.

Indeed, a report released by the Mercator Institute for China Studies (MERICS) has revealed that China's overseas investments are set to triple by 2020, turning the country into a driving force in global cross-border investment in the coming decade, as a result of the country’s policy liberalisation and adjustments to its growth model. 


imgCyprus home construction up again 09/06/2015
Strong growth in the Cyprus construction sector was recorded for the second consecutive month in March with the number building permits authorised for new homes increasing compared to last year. 


imgQATAR AIRWAYS FLIGHTS FROM LARNACA INCREASE TO A DAILY SERVICE 03/06/2015
Qatar Airways adds 3 additional frequencies, expanding the Larnaca-Doha services to a seven-day-per-week operation Nicosia, CYPRUS –Qatar Airways, operates a daily direct service from Larnaca Airport to Doha’s Hamad International Airport from 3rd June 2015, to help meet the demand of leisure and business travel. 


imgLakkotrypis talks to Milliyet on energy, Cyprus solution 01/06/2015
Energy Minister Giorgos Lakkotrypis said natural gas could go to Europe through Turkey, but only if expert studies concur and there is a solution to the Cyprus problem. The Minister spoke to Turkish newspaper Milliyet, where he highlighted the huge potential role that Cyprus could play in the Eastern Mediterranean if problems in the region are put to rest. Turkey needs partners and cooperation in the region, said the Minister, adding that Cyprus could become an island of peace and stability. 


imgCitizenship scheme raises €2 billion 26/05/2015
The ‘Citizenship by Investment’ programme, which enables high-net-worth third country nationals to apply for Cypriot citizenship has boosted the Cyprus economy by €2 billion. 


imgCyprus’ Beaches Named Cleanest in Europe for 10th Year 24/05/2015
Cyprus’ immaculate beaches have been named the cleanest in Europe for the 10th consecutive year, with a total of 57 local coastlines receiving the Blue Flag certification this year. 


imgThe Rise of the Tourist Market: Arrivals Up 14% in 2015 17/05/2015
The tourism sector continues to follow its upward trajectory according to relevant data released Friday by the Statistical Service of Cyprus, which has recorded a 13.7% increase in arrivals for the first quarter of 2015, further indication of the successful summer season industry experts have thus far predicted. 


imgDeal must be made by Anastasiades and Akinci 12/05/2015
DESPITE the best efforts of the anti-settlement parties to sow doubts about the prospects of the talks that resume on Friday, the two leaders seem genuinely optimistic. The UN Secretary-General’s Special Representative Espen Barth Eide has also been making many positive sounds but that is his job and the optimism of mediators has always been viewed with a big dose of cynicism. However, when it is expressed by the leaders of the two sides it is guaranteed to create a positive climate.


imgCyprus, Egypt and Greece conclude tripartite meeting with the Declaration of Nicosia 28/04/2015
With the adoption of the Declaration of Nicosia the three leaders of Cyprus, Egypt and Greece agreed on Wednesday on further broadening and deepening the relations among their countries in a series of sectors, including the economy, trade, tourism and energy.


img Cyprus is preparing its second bond issue in less than a year in an effort to rebuild its finances following a bailout of its banking system in 2013. 27/04/2015
Cyprus is preparing its second bond issue in less than a year in an effort to rebuild its finances following a bailout of its banking system in 2013. 


imgPresident Abdel Fattah el-Sisi to Visit Cyprus 20/04/2015
President of Egypt, Abdel Fattah el-Sisi, is set to visit both Cyprus and Spain on an official trip between April 29 and 30. During his visit to Cyprus, he will hold contacts with the President of the Republic of Cyprus, Nicos Anastasiades.


img Cyprus is lifting all capital controls 05/04/2015
Cyprus is lifting all capital restrictions on Monday that were imposed on the island two years ago when the economy reached a melting point and international lenders offered a €10 bln bailout plan, conditional to rebuilding the over-borrowed banking system and reforming the public sector.


img Russian firms urged to jump on energy bandwagon 25/03/2015
Companies within Russia’s energy industry should take advantage of Cyprus’ existing and potential opportunities relating to natural gas infrastructural projects, Energy Minister Giorgos Lakkotrypis said on Friday.


imgNoble to declare Aphrodite commercially viable "within weeks" 17/03/2015
Cyprus has entered the stage of development and commercial exploitation of its hydrocarbon reserves, with Energy Minister Yiorgos Lakkotrypis saying that Noble Energy will submit a development plan for the Aphrodite gasfield that holds a gross reserve of natural gas of 4.5 trillion cubic feet (tcf) and will declare it commercially viable within the next few weeks.


img Overseas transfer limit raised to €1 million 15/03/2015
The Cypriot authorities have increased the limit on the transfer of deposits/funds outside the Republic to €1,000,000/month/person/credit institution, up from the previous €50,000/month.


img Cyprus and Bahrain Sign Four Bilateral Agreements 10/03/2015
Cyprus and Bahrain have signed a series of cooperation agreements, in the framework of President Nicos Anastasiades’ official visit to the Arab country.


imgLand development brings in €1 bln of fresh capital to Cypriot economy 08/03/2015
A rising trend in new property deals have brought in about €1 bln in foreign funds in the past two years, defying the negative climate in the market, especially after the Eurogroup decision in March 2013 to impose a €10 bln bailout and austerity programme on Cyprus.


imgCyprus issue, bilateral relations the focus of the Cyprus President Mr. Nicos Anastasiades visit to Russia 24/02/2015
President Nicos Anastasiades departs today for Moscow on an official visit from 24 to 27 February during which he will hold a meeting with his Russian counterpart Vladimir Putin, Prime Minister Dmitry Medvedev and other Russian officials.


img Cyprus Ports Authority and Port of Alexandria Sign Memorandum of Cooperation 29/01/2015
A Memorandum of Cooperation was signed today between the Cyprus Ports Authority and the Port of Alexandria in the presence of Minister of Communication and Works Marios Demetriades and Egyptian Minister of Transport Hany Dahy.


imgCyprus Records Second Highest Tourist Demand of EU28 29/01/2015
Cyprus recorded the second highest tourist demand from non-residents of the 28 European Union member states in 2014, accounting for 94% of total demand. Tourist demand is evaluated by the number of nights spent in local tourist accommodation establishments.


img Cyprus President Mr.Nicos Anastasiades to attend the World Economic Forum in Davos 18/01/2015
President Nicos Anastasiades is preparing to attend the 45th Annual Meeting of the World Economic Forum in Davos, Switzerland, between January 21 and 24.The latest developments in the Cyprus problem were an additional reason for accepting the invitation, an official announcement explained.


imgCyprus ranks in the TOP 20 of 125 nations in the Good Country Index 08/01/2015
The Good Country Index ranks 125 nations based on how much they do for others globally in seven areas: science and technology, culture, international peace and security, world order, planet and climate, prosperity and equality, and health and well being.


imgPresident Mr. Nicos Anastasiades said that Cyprus will turn the page in 2015 01/01/2015
“As we enter the year 2015, Cyprus turns over a new leaf and enters a new era,” the President of the Republic, Nicos Anastasiades, stated in his televised New Year’s message to the people of Cyprus.


img Council of Ministers Approves Casino Bill 11/12/2014
The Council of Ministers has approved a bill that allows for the establishment and operation of casinos in Cyprus.The creation of casinos on the island is viewed by the current government as vital to the development of Cyprus’ tourist product, a stark contrast compared to the previous’ government’s refusal to pursue the notion of introducing legal gambling to the Cyprus community.


imgTrilateral co-operation amongst the Energy Ministers of Cyprus, Greece and Egypt 26/11/2014
The Energy Ministers of Cyprus, Greece and Egypt agreed on Tuesday to establish a framework for tripartite consultations in order to facilitate dialogue and advance trilateral co-operation among them in the field of hydrocarbons for the benefit of their countries and the wider region.


imgMoody's: Cyprus Government Bond Upgraded to B3 16/11/2014
Cyprus’ government bond rating remains constrained, the agency explained, by substantial credit challenges, including a weak economic outlook and the high – and rising – non-performing loans (NPLs) in the banking sector, which generate further negative risks to the government’s balance sheet.


imgStandard & Poor’s raises Cyprus credit rating 26/10/2014
Ratings agency Standard & Poor’s has raised Cyprus long-term ratings to ‘B+’ and affirmed the short-term foreign and local currency ratings at ‘B’ on strong budgetary performance; the outlook is stable.


imgEBRD sets out plans for €600 mln investments in Cyprus 21/10/2014
The European Bank for Reconstruction and Development, a household name in eastern European privatisations in the earlier part of nearly two decades ago, has a new role to play in Cyprus – helping re-engineer some of the economic sectors that failed to see the sign of the times and did not prepare to the crisis that followed.


img Gulf Air to Launch Bi-Weekly Kuwait-Larnaca Service 28/09/2014
In response to increased demand from Kuwait, Gulf Air – the national carrier of the Kingdom of Bahrain – has announced the upcoming launch of a twice weekly service between Kuwait City and Larnaca.


img Cyprus, Greece & Egypt to Strengthen Cooperation 28/09/2014
Cyprus, Greece, and Egypt have all expressed their commitment to work closely and strengthen their cooperation in areas of mutual benefit, following a trilateral meeting the Foreign Ministers (Ioannis Kasoulides, Evangelos Venizelos, and Sameh Shoukry respectively) had in New York, on the sidelines of the UN General Assembly.


img Cyprus is Important Partner for Jordan as per Abdullah Ensour: 25/09/2014
Prime Minister of Jordan, Abdullah Ensour, has – according to the Jordan News Agency – stressed that Jordan is keen on developing ties with the Cyprus, recognising the island as being an important partner and neighbour, pointing to the recent mutual visits of officials in order to increase bilateral cooperation.


imgCyprus-Norway double tax treaty enters into force 25/09/2014
Cyprus-Norway double tax treaty enters into force Cyprus extends its Treaty network and offers new investment opportunities On 24 February 2014, a Double Tax Treaty between Cyprus and Norway was signed.


imgENI/KOGAS Drilling Ship Arrives in Cyprus 23/09/2014
The drill ship ‘Saipem 10000’ of the ENI/KOGAS consortium arrived in Cyprus yesterday afternoon, and was stationed at the Onasagoras gas field of Cyprus` Exclusive Economic Zone (EEZ) block 9, where it is set to soon begin exploratory drilling.


img Cyprus Hellenic Bank one of the safest banks in a world 14/09/2014
Hellenic Bank, the island’s second biggest lender that was recapitalised earlier this year by private investors, has been named as one of the ‘safest banks’ in more than 100 countries, according to the Global Finance magazine survey to be published in the November issue. 


imgSantorini, the most beautiful island in the world! 20/08/2014
Readers of the tourism magazine Travel + Leisure decided that the Greek island is the most beautiful in the world! A very pleasant surprise for the Greek tourism was the 19th poll of readers of Travel + Leisure magazine for the best destinations in the world and for leisure services.


img Emirates now daily to Dubai and Malta 04/08/2014
 Emirates started a daily service between Dubai and Larnaca and onwards to Malta this week.  Mustafa Al Jabri, Emirates’ Manager for Cyprus, said: “From 1st August, Emirates has added three flights a week to its Dubai-Larnaca-Malta-Larnaca-Dubai schedule. 


img Cyprus Ranks in Top Island Destinations List for 2014 24/07/2014
 Cyprus was among the most popular holiday islands searched for summer 2014, according to results of hotel search engine trivago.gr.  Trivago.gr – that compares prices of thousands of hotels from over hundreds of booking sites – presented the 30 most popular Mediterranean islands, based on results from the 47 platforms of trivago. 


imgPresident Nicos Anastasiades meets the new European Commission President Jean-Claude Juncker and the President of the European Parliament Martin Schulz 17/07/2014
President Nicos Anastasiades expressed his total satisfaction for the meetings he had Thursday with new European Commission President Jean-Claude Juncker and President of the European Parliament Martin Schulz, saying that his positions especially on the EU role on the Cyprus issue were well understood.


imgCyprus made a triumphant return to the markets 17/06/2014
Cyprus made a triumphant return to the markets yesterday, with investors snapping up the five-year bond which offers the highest yield of any comparable euro zone debt.


imgCommerce Minister Giorgos Lakkotrypis is optimistic that arrivals and tourism revenue for 2014 will be better than last year 16/06/2014
Commerce Minister Giorgos Lakkotrypis is optimistic that arrivals and tourism revenue for 2014 will be better than last year, while 2015 is expected to be even better following the extension of the tourist season.



imgCyprus Airways announced on Monday the sale of its last Heathrow slot to American Airlines for $31 million 16/06/2014
Cyprus Airways announced on Monday the sale of its last Heathrow slot to American Airlines for $31 million, but said that it would continue to serve London through Stansted airport.



imgCyprus president Nicos Anastasiades met Egyptian president Abdel Fattah el Sisi 09/06/2014
President of the Republic of Cyprus Nicos Anastasiades met on Sunday in Cairo with the country`s new President, Abdel Fattah el-Sisi, who was sworn-in during a ceremony in the Egyptian capital.


imgImmovable Property Tax will be less in 2014 28/05/2014

Owners of property in Cyprus will be asked to pay less Immovable Property Tax this year as many more properties have been included the island’s Interior Minister Socratis Hasikos has stated.




imgCyprus the best coastal bathing site in Europe 27/05/2014
The Mediterranean island's tourism industry on Tuesday got a major boost after an EU report said Cyprus is the bloc's best coastal bathing site.Tourism revenues are on the rise in recession-hit Cyprus but the 'excellent' bathing waters news further raised hopes that the sector will ease the economy out of the crisis.



imgTax Treaty between Cyprus and India. 26/05/2014

Latest developments on the envisaged amendments to the Agreement between Cyprus and India for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income and on capital.




imgUS Vice President Joe Biden to visit Cyprus on Wednesday 21/05/2014

US Vice President Joe Biden arrived in Cyprus on Wednesday to discuss the country's reunification efforts and its ability to tap gas deposits, which could turn the east Mediterranean island into a source of stability in a tumultuous region.




imgCyprus Casino licences to be ready early 2015 08/05/2014

Casino licences should be expected by Spring 2015, the government said on Thursday, as legislation on the matter was scheduled to be ready at the end of the month.“We have completed the policy document and legislation is being prepared at this moment to be submitted to parliament by the end of May,” Tourism Minister Giorgos Lakkotrypis said.




imgCyprus expects a tourism boost from Great Britain 08/05/2014
Cyprus expects a tourism boost from Great Britain, by 35% in the summer season and 50% in the winter season of 2015, following a deal between the Cyprus Tourism Organization (CTO) and Britain`s largest tour operator.


imgCyprus relaxes most domestic capital controls 04/05/2014

The Finance Ministry said in a statement Friday that a prohibition on cashing checks as well as caps on domestic transactions and payments that don’t require central bank vetting have been removed.The Ministry of Finance announced new but not complete relaxation in the restrictions on capital movement.




imgCyprus – UAE Double Tax Treaty enters into force 29/04/2014
Cyprus expands its Treaty network with the UAE and reaffirms its position as the bridge that connects Europe with the Middle East
The double tax treaty between Cyprus and the United Arab Emirates has entered into force on 2 April 2013 and became effective as of 1 January 2014.



imgFITCH Ratings revised its outlook and Standard & Poor’s Ratings Services lifted its rating on Cyprus. 28/04/2014
Both agencies cited the country’s progress under the reform program supported by the European Union and International Monetary Fund, as well as better-than-expected economic performance.Fitch revised its outlook on the country to stable from negative. The ratings agency said Cyprus’ adherence to the EU-IMF program has helped lower both public and private-sector wages.


imgGreat success for Leptos Estates in the “Cityscape Egypt 2014” 25/04/2014
The great success continues with the presence of Leptos Estates at international real estate exhibitions in various Middle East countries as well as the Gulf region, within the first months of this year especially with the participation in the “Cityscape Egypt 2014”, the largest Real Estate Exhibition in the area which was held in the Cairo International Convention Centre these days


imgCyprus launches bond for retail investors 23/04/2014
Debt-ridden Cyprus aims to return to international financial markets by March 2016 and an initiated savings bond programme for retail investors will be a ‘small, first step’. This is what Finance Minister Haris Georgiades told state radio on Tuesday, adding that the return to international markets is a gradual process that starts from home.“These bonds, to be launched in June, will be a credible investment option featuring liquidity, low risk levels and a satisfactory interest rate,” Georgiades said.



imgCyprus President Nicos Anastasiades visits United Arab Emirates 14/04/2014
President Nicos Anastasiades gets his official four-day visit to the United Arab Emirates underway today as he looks to open more investment opportunities for the island’s beleaguered economy.With Cyprus having recently strengthened its relations with United States, the EU and, more crucially, Israel, the head of state’s visit to both Abu Dhabi and then later Dubai is seen by many analysts as a reminder by the Cypriot government that it has not turned its back on the Arab world.





imgLeptos Estates back to Siberia 17/03/2014
The presence of Leptos Estates at the " International ReEstate Expo” which was held in Novosibirsk of Siberia these days, was marked with great success. The company attended the exhibition with its own stand where its representatives presented the various projects available in Cyprus and Greece, as well as new mixed use development projects planned for the near future in Cyprus and abroad.


imgCyprus homes attract British property buyers 05/02/2014
For Brits looking to buy property abroad ,especially for reasons of permanent relocation, Cyprus is the fourth most popular choice of their favourite destinations ,according to a recent real estate survey.


imgCyprus casinos 24/10/2013

Three casinos are set to operate on the island, under a single investor, members of the Coordinating Committee of Parties and Organisations of Paphos said after a meeting Monday with President of the Republic Nicos Anastasiades.




imgCyprus Natural Gas 21/10/2013
The natural gas liquefaction plant is and remains at the centre of the government`s plans, Minister of Energy, Commerce, Industry and Tourism Giorgos Lakkotrypis has said. In a written statement, Lakkotrypis says the plant was the option chosen to exploit natural gas deposits, after careful examination of all the facts.


imgCyprus President Nicos Anastasiades visits Kuwait 07/10/2013
Cyprus President Nicos Anastasiades departs next Tuesday for Kuwait, where he will pay a two-day official visit, on 8-9 October. The President will meet, inter alia, with Emir Sabah Al-Ajmad Al-Jaber Al-Sabah, the Prime Minister and the Speaker of the Parliament of Kuwait. He will also address a business forum and sign a number of bilateral agreements


imgFoundation stone laid at Limni Golf Resort in Paphos 12/02/2013
President Christofias laid the foundation stone at Limni Bay Resort following a ceremonial blessing. The resort, which is part of Cyprus Limni Resort and Golf Courses, looks to enhance the island’s reputation as a globally recognized destination for golfers, offering a unique Mediterranean experience in a luxurious complex that blend in harmoniously with the natural beauty and culture of Cyprus.


imgReduced VAT rate of 5% on Cyprus Properties 11/02/2013
Imposition of the reduced rate of 5 per cent on the acquisition and/or construction of residences for use as the primary and permanent place of residence. The reduced rate of 5% applies to contracts that have been concluded from 1 October 2011 onwards provided they relate to the acquisition and/or construction of residences to be used as the primary and permanent place of residence for the next 10 years.


imgGazprom,ENI,Total clinch gas bids in Cyprus 08/11/2012
French and Italian energy giants Total and ENI, as well as the Korean Gas company and Gazprom-subsidiary Novatec have been awarded the licenses to explore for oil and gas in Blocks 2,3,9 and 11 in the Cyprus Exclusive Economic Zone.


imgCyprus ranked in top 10 countries 01/09/2012
Cyprus has moved up into the top ten countries for those seeking out investments in overseas property according to the latest ‘Top of the Props’ chart published by the TheMoveChannel.com.


imgBenefit from our new price Reduction and the Abolishment/Reduction of property transfer fees in Cyprus. 01/07/2012
Benefit from our new price Reduction and the Abolishment/Reduction of property transfer fees in Cyprus.


imgTax incentives in Cyprus expanded and extended 15/06/2012
Pantelis M.Leptos who has been elected as the new Chairman of the Land and Building Developers Association of Cyprus is pleased to announce that the Cyprus government has expanded the 5 percent VAT payable on new homes used as primary residences to include non-EU citizens and has extended the Property Transfer Fee reduction/suspension until the end of the year.


imgCyprus has exciting prospects and strong fundamentals 07/05/2012
Recent discovery of abundant inventories of natural gas will propel Cyprus to an international energy center and provider of natural gas to Europe before the end of this decade.


imgThe Russian Foreign Ministry calls on Russians not to buy land in occupied Cyprus 09/04/2012
The pseudo-state in the occupied territories is "illegal state formation" and the purchase of property there to pose serious risks of Russian citizens, warns the Russian Foreign Ministry with a special declaration of Deputy Director of Information and Press Department Zacharova Mary, the agency "Interfax".


imgTime to BUY your DREAM house is NOW! 02/03/2012
Benefit from our new Price Reduction and the Abolishment/Reduction of Property Tranfer Fees in Cyprus. A new amendment regarding a reduction/ abolishment in the immovable property transfer fees has been approved by the Cyprus House of Representatives.


imgCyprus Gas find worth 'tens of billions' 29/12/2011
CYPRUS HAS approximately €100 billion worth of natural gas that will satisfy its electricity production needs for 210 years, said Commerce Minister Praxoulla Antoniadou yesterday.


imgCyprus International 4-Day Challenge 2011 07/12/2011
The 7th edition of the 4-Day Challenge is now an unforgettable memory for both the runners and the organizers, and it is with great pleasure that we saw the participation number increasing from last year, coming to 395 participants in total, with runners of various ages and standards as well as 90 supporters escorting the runners, all from various countries such as UK, Netherlands, Germany, Sweden, Slovakia, Ukraine, France, Italy, South Africa, Austria, Norway, Switzerland, USA, and Cyprus.



imgOverseas investors taking more interest in Cyprus 17/11/2011
CYPRUS’ popularity as a destination for overseas property investors has increased according to the October ‘Top of the Props’ chart published by themovechannel.com, which looks at the number of on-line enquiries for property in different countries around the world.


imgOfficial Invitation for Leptos Group to Cyprus Embassy in Ukraine 27/06/2011

It is our pleasure to announce that Mr. Demetris Elephteriades, Leptos Group has been officially invited to Cyprus Embassy in Ukraine accompanied with President of Cyprus, Mr. Demetris Christofias to visit the New Premises in Kiev.




imgPutin has approved the operation of our three new consulates in Russia 28/03/2011
The goverment's decision to launch three new General Consulate of the Republic of Cyprus signed by Russian Prime Minister Vladimir Putin according to a communication from the official website of the Russian Goverment.


imgCYPRUS VOTED TOP DESTINATION FOR RETIREES 02/08/2010
A recent survey undertaken by Shelter Offshore which helps Britons decide where to emigrate put Cyprus top of the list.


imgOLYMPIC MEDALISTS VISIT CORAL BEACH HOTEL AND RESORT 22/07/2010
Arena Sports and the Coral Beach Hotel and Resort were pleased to welcome the Loughborough Intensive Training Centre and the Nova Centurion Club of British Swimming to Cyprus during July for an intensive training camp, in preparation for the European Championships and Commonwealth Games...



imgHIS HOLINESS POPE BENEDICT XVI TO VISIT PAPHOS 11/05/2010
Pope Benedict XVI will visit the Republic of Cyprus on 4th June 2010. Pope Benedict XVI, accepted the invitation extended to him by the President of the Republic, Mr. Demetris Christofias, during his visit to the Vatican, last March...



imgQATAR has signed a deal with Cyprus 21/04/2010
On Wednesday 21 Of April, the Government of Cyprus and Qatar signed a number of agreements including a construction project opposite the Hilton Hotel in Nicosia that will include a five-star hotel, a shopping mall, offices and a residential complex. "But it will surely help real economy", he pointed out. QATAR has signed a deal with Cyprus to develop a hotel, office and residential complex in the capital Nicosia, targeting rising numbers of visitors to the east Mediterranean island...


 


LEPTOS ESTATES KEY PROJECTS

View All Projects

Adonis Beach Villas

Adonis Beach Village is Leptos Estates latest most luxurious Development set in one of the most desirable locations in Paphos Based on the success of the nearby Leptos Ap...

Aphrodite Gardens

Leptos Aphrodite Gardens is set to be the most luxurious gated resort residence in Paphos with a good selection of 1, 2 and 3 bedroom apartments, penthouses, ma...

Kamares Village

Leptos Estates has created one of the most exclusive developments in Cyprus that is amongst the most distinctive in the Eastern Mediterranean, Leptos Kamares Village. Thi...

Limassol Del Mar

Limassol Del Mar expresses the island's 'new wave' of architecture through its unique High-rise Curvilinear design, that fully capitalizes on the plot's 1...