Cyprus News

Inexorable rise in property sales continues with Paphos leading the way 22/05/2023
The relentless demand for Cyprus real estate continued in April, with the number of property sales rising by 27 per cent compared to the same month last year according to official statistics from the Department of Lands and Surveys.

Fill in love with the nature beauty of Cyprus From stunning Beaches to majestic Mountains 22/05/2023
Cyprus is known for its natural beauty, stunning coastline, and rich cultural heritage, making it a popular destination for tourists from around the world. The island boasts a Mediterranean climate, with long, sunny days and warm temperatures throughout most of the year. Additionally, Cyprus is home to a diverse range of landscapes, including charming villages and pristine beaches.

Cyprus to join Schengen information system 09/05/2023
Cyprus will join the Schengen Information System on 25 July 2023, following decades of efforts and after having been positively assessed.

Jazeera Airways starts flights to Cyprus from summer 2023 08/05/2023
Jazeera Airways, a low-cost carrier based in Kuwait, has recently added Larnaka to its network of new European destinations for the 2023 summer season and flights were launched end of April.

Cyprus - Price and rental increases tapering off 02/05/2023
Ask Wire, combining real estate know-how with technology, has published its Q1 2023 edition of the Ask Wire Index for property sale and rental values. The Ask Wire Index covers all districts and main property types, with values from Q4 2009.

Limassol: A City of Ancient Wonders and Modern Comforts 05/04/2023
If you're looking to explore ancient history, Limassol is the perfect place to visit. This vibrant coastal city in Cyprus boasts a wealth of archaeological sites that offer a glimpse into the island's rich cultural heritage.

Celebrating Easter in Cyprus and Greece – Most famous traditional Customs and Rituals 04/04/2023
Forty Days of Great Lent In Greece and Cyprus, it is traditional for many Orthodox Christians to fast for 40 days leading up to Easter Sunday. This period of fasting is known as "Great Lent" or "Μεγάλη Τεσσαρακοστή" in Greek, and it is a time of spiritual reflection and purification.

The Cypriot real estate market is showing significant recovery 03/04/2023
A recent article released by the Cyprus Business News (CBN) discussed the resilience of the Cyprus economy in 2022, which beat the odds despite the concerns about the impact from the pandemic and war in Ukraine.

Cyprus and Greece among the top 10 best countries to retire 13/03/2023
Whether you’re after sun and sand, fantastic landscapes, or just a quiet villa away from the hustle and bustle of city life, there are plenty of countries out there that are ideal for new retirees.

From Vine to Glass: Explore the wineries of Paphos and Limassol 07/03/2023
Cyprus is home to a thriving wine industry that has been around for thousands of years. The country's unique climate, with its hot and dry summers and mild winters, provides ideal conditions for growing a variety of grapes that are used to make delicious wines. The island is particularly known for its indigenous grape varieties, such as Maratheftiko, Xynisteri, and Commandaria, which are used to produce distinctive and flavourful wines that are sought after by wine connoisseurs around the world.

Troodos Ski Centre – the jewel of the Troodos mountains. 13/02/2023
In January 2023, the Troodos Ski Centre foundation held a stone laying ceremony, following the improvements and upgrades that have been made to the facilities in the past months. More specifically, the state has funded the centre with a sum of 2 million euros and the country’s ski club has contributed an additional 1,5 million for the renovations.

Cyprus Airways announces weekly flights to Dubai 01/02/2023
Cyprus Airways announced on Tuesday that it has secured a license and landing slots to operate up to three weekly flights to the United Arab Emirates (UAE).

Satisfied in his farewell to Paphos, says outgoing president 23/01/2023
Policies adopted by his government have strengthened economic, social, rural, cultural and tourist development throughout the Paphos district, and he is satisfied with the results, President Anastasiades said during his tour of the region on Friday.

Leptos Estates - One of the largest employers in Cyprus 12/01/2023
InBusinessNews recently released a list of the largest employers in Cyprus and Leptos Estates was among these companies being the 9th largest on the list.

Best year for property sales since 2008 09/01/2023
There was a significant increase in the number of property sales contracts deposited at Land Registry offices in 2022 compared to the number deposited in 2021.

New Cyprus Museum will be European gem 19/12/2022
When built at the cost of €144 mln, Nicosia’s new Cyprus Museum will be one of Europe’s finest, officials said. It’s the largest project in the government’s 2023 budget, with the construction contract signed on Wednesday.

Thriving Egypt-Cyprus relations a factor of stability in the East Med 12/12/2022
That Cyprus-Egypt relations are presently at their highest level is an evaluation that represents an undisputable reality.

Other airlines to follow Ryanair and Wizz Air in their effort to strengthen their presence in Cyprus 12/12/2022
The recent announcement of Ryanair and Wizz Air to strengthen their presence in Cyprus cannot be considered as mere coincidence. This is the result of long-standing efforts made by the Ministry of Transport, the Deputy Ministry of Tourism, Hermes Airports and other professionals in the tourism sector.

Greece Scoops Four ‘Travel Oscars’ at 2022 Travvy Awards 21/11/2022
Greece and the Greek National Tourism Organization (GNTO) won a total of four awards at this year’s Travvy Awards.

Cyprus: 36 per cent rise in property sales 07/11/2022
The Department of Lands & Surveys reports that 1,171 property sales contracts were deposited at Land Registry offices across Cyprus in October compared with 911 in the same month last year; a rise of 29 per cent.

Unsold plots and fields worth millions in Limassol 24/10/2022
West Limassol is at the centre of development, with dozens of large expansions already in the works, as huge plots of land worth several millions have been sold in various areas recently.

Greek National OXI day - 28th of October 24/10/2022
October 28th is a national holiday in Greece related to World War II. This day is also known by Greeks around the world as ‘Oxi Day‘ or ‘No Day’.

Investment In Cyprus Real Estate – Complete Guide 07/10/2022
It is no surprise that many individuals dream of leaving their current lives behind and relocating to the Mediterranean island of Cyprus. Fortunately, with some preparation and the appropriate knowledge, that move can be accomplished. This all-inclusive guide will walk you through the steps of buying a home in Cyprus.

Moody’s upgrades Cyprus banks, cites economy resilience 07/10/2022
Ratings agency Moody’s on Wednesday announced that it has upgraded the Bank of Cyprus and Hellenic Bank’s long-term ratings, including their long-term bank deposit ratings to Ba2, from Ba3, and their Baseline Credit Assessments (BCAs) to b1, from b2.

Limassol led the way in real estate transactions in Q2 2022 30/09/2022
The city of Limassol continued to lead the way concerning transactions in real estate in the second quarter of 2022, with the coastal city’s share in the value of the total transactions amounting to 46.5%, according to data published by the Council for Registration of Real Estate Agents Cyprus (MRICS).

Pantelis M. Leptos on leading pioneers driving change Cyprus. 08/09/2022
A very insightful interview with Mr. Pantelis M. Leptos was published in Cyprus 4.0 by Cyprus Mail. This month the Cyprus 4.0 profiled selective entrepreneurs, whose vision is currently redefining and propelling their organisations into a new era and is simultaneously playing a key part in shaping Cyprus’ business landscape.

Almost 1.2 Million Passengers Travelled To And From Cyprus Airports In July 22/08/2022
Almost 1.2 million passengers travelled to and from Larnaka and Pafos airports in July, which translates to 82% of the traffic for the corresponding month in 2019.

Move Fast! Invest Smart!! 04/08/2022
Move Fast! Invest Smart!! Invest in Cyprus now & buy your property at 0% VAT

Cyprus, OPAP Limassol Marathon - Running is great for your body. 22/07/2022
The Cyprus, OPAP Limassol Marathon recently took place along the coastline of Limassol where runners had the opportunity to watch the beautiful Mediterranean Sea and enjoy the race route through a truly scenic environment.

Headquartering: Incentives for foreign companies and skilled talent. 27/06/2022
Cyprus has introduced a new strategy for attracting foreign companies and skilled talent to Cyprus.

Why Cyprus could be Middle East’s Monaco. "THE TIMES" 14/06/2022
The 7am direct flight to Cyprus on a Wednesday earlier this month was packed. Passengers on the front row of the plane had the red eyes of people who had been awake all night but, undaunted, ordered gin and tonic. By the time the plane was halfway through the four-and-a-half-hour flight to Paphos a hostess announced we had run out of prosecco. She was promptly booed by the crowd.

The 7 Best Places to Live In Cyprus 06/06/2022
Discover the 7 best places to live in the Republic of Cyprus - a complete review of Cyprus' most popular expat destinations. If you are looking for a vibrant, dynamic and urban way of living, Cyprus is the perfect destination. Wondering where exactly in Cyprus can you call home? Let us introduce the best places to live in the Republic of Cyprus to help you choose one.

Limassol port to welcome 150+ cruise ships and ~160,000 passengers in 2022 02/06/2022
Port Limassol (Cyprus) is due to welcome 150+ cruise ships and ~160,000 passengers in 2022 recording a substantial increase in comparison with 2020 and & 2021.

Limassol ranked in top 10 coastal cities 30/05/2022
Limassol has been ranked as the tenth best coastal city break destination in the world by UK price comparison website Comparethemarket.com.

76 locations in Cyprus awarded Blue Flag 23/05/2022
Cyprus beaches are open! Embraced by the crystal waters of the Mediterranean, the sun-drenched island of Cyprus has over 160 beautiful beaches including 74 Blue Flag beaches waiting for you to discover.

Along the lines of Blu Marine’s reputation around the world, Qatar investors are increasingly looking at Cyprus realty 23/05/2022
Limassol Blu Marine Towers. Investors and business leaders from Qatar are increasingly making Limassol as their second business home location, enabling access to the European Union market.

Google searches for Cyprus reached 1.5 million a week in April 16/05/2022
Google results for Cyprus in the past few months topped the number of searches for the island in 2019, a record year for Cypriot visitors, deputy minister for tourism Savvas Perdios said on Friday.

Despite war, reasonable optimism for 2022 tourism 03/05/2022
Travel agents are confident that 2022 will be much better for tourism in comparison to 2021, the Association of Cyprus Travel Agents (Acta) said this week.

Cyprus property sales hit €1.3bn in first quarter of 2022 02/05/2022
Property sales in Cyprus reached €1.3 billion during the first quarter of 2022, according to a report by the land registry released on Tuesday.

Paphos Airport surpasses Larnaca in terms of passenger traffic! 27/04/2022
Paphos airport records high rates of arrivals and departures of aircrafts, to a point that for the first time it has surpassed the corresponding records from the island's main airport, Larnaca International Airport.

Cyprus-Greece passenger ferry to sail off from Limassol in June 26/04/2022
The first Cyprus-Greece passenger ferry line 22 years after it was abandoned will kick off as early as June from Limassol port, Philenews reported on Tuesday.

Further easing of Covid restrictions, Cyprus Flight Pass abolished 18/04/2022
Further easing of coronavirus restrictions has taken effect as of today, including abolition of the Cyprus Flight Pass and mandatory requirement for outdoor face mask use.

Credit rating upgrade for Cyprus by DBRS 14/04/2022
DBRS Morningstar upgraded the Republic of Cyprus’ sovereign credit rating on Friday from BBB (low) to BBB, and changed the trend from Positive to Stable.

Established businesses look to Limassol for their future 12/04/2022
Amidst the post-Covid landscape, companies are weighing up moves to Cyprus as the benefits of doing business across three continents make for an attractive relocation. According to Leptos Estates there has been a three-fold increase in firms physically setting up new offices from countries such as Israel, UK, and India in Cyprus over the last six months.

Cyprus to Ease Travel Restrictions From April 18 11/04/2022
Citizens from other countries will no longer be subject to travel restrictions when planning to enter Cyprus after the latter’s government announced that it would abolish such measures on April 18.

French tourists eye Cyprus 07/04/2022
New prospects for tourist arrivals from France have emerged both in the short and medium term, Cyprus Deputy Tourism Minister Savvas Perdios stated, noting that the country has managed to break into the French market after three long years.

Chasing the golden visa: India tops world in investment migration 31/03/2022
Indian nationals have shown the greatest appetite for investment migration in the world — whereby wealthy investors acquire alternative residence or additional citizenship in exchange for making a substantial contribution to the host country, shows data from the Henley Global Citizens Report released by Henley & Partner.

Finance Minister announced increase in Digital Nomad Visa beneficiaries 28/03/2022
Cyprus Finance Minister Constantinos Petrides announced on Thursday an increase in the number of Digital Nomad Visa beneficiaries from 100 to 500 following a Cabinet meeting, at the Presidential Palace.

Cyprus affirmed at BBB- with a Stable Outlook by Fitch Ratings 24/03/2022
Fitch Ratings announced that it has affirmed Cyprus’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook.

Cyprus promoted as business base in UAE 03/03/2022
Targeted actions are being taken to promote Cyprus in the United Arab Emirates, including an event held in collaboration with the Abu Dhabi Chamber of Commerce & Industry, national promotion agency Invest Cyprus said on Friday.

Cyprus Coronavirus: New protocols at airports from March 1 01/03/2022
The new Action Plan for the smooth operation of flights and the operation of airports comes into effect from Tuesday, March 1, the Transport Ministry said.

Cyprus Tourist Arrivals Up By 207 Percent In 2021 24/02/2022
Tourist arrivals in Cyprus during 2021 increased by 206.7% compared to 2020, according to data released Thursday by the Statistical Service of Cyprus. However, the arrivals decreased by 51.3% compared to 2019, which was historically the best year for Cyprus tourism.

EU invests over € 1 billion in energy infrastructure in support of the Green Deal 15/02/2022
EU countries have agreed on a Commission proposal to invest € 1.037 billion in 5 cross-border infrastructure projects under the Connecting Europe Facility (CEF) for trans-European energy networks. CEF will provide financial support to 4 projects for construction and 1 study. The largest amount of funding will go to the EuroAsia interconnector project (€ 657 million) to support the first electricity interconnection between Cyprus and the European grid.

‘Two suns’ spotted in Troodos 07/02/2022
A photo taken on Sunday in the Troodos area shows ‘two suns’, an atmospheric phenomenon commonly known as a ‘sun dog’.

World’s largest cruise liner docks in Limassol 01/02/2022
The largest cruise ship in the world, the Royal Caribbean Cruise Lines’ Wonder of the Seas which arrived at Limassol port on Monday morning is expected to hugely benefit the economy and tourism.

‘All-year sunshine’ British expats moving to Cyprus for ‘best fast-track’ residency option 31/01/2022
CYPRUS is a popular destination for British expats. Express.co.uk spoke to an expert to find out why. Located in the Mediterranean sea, the island of Cyprus is renowned for natural beauty and stunning beaches. It’s not hard to see why British expats are keen to settle there.

Greece and Cyprus Covered in Snow 25/01/2022
As the storm, named in Greece Elpida or “hope”, hit across Greece and Cyprus, a rare blanket of heavy snow covered Athens, the Greek Islands of Santorini, Crete and Cyprus in a once-in-a-lifetime weather event. We offer you 340 days of sunshine & a few weeks of snow. All 4 seasons to live a high quality life!

Cypriot economy buoyed by services and real estate 20/01/2022
The Cypriot economy continued its recovery in December, carrying on with the trend of the two previous months, according to a report by the University of Cyprus Economic Research Centre released on Tuesday.

Cypriot economy to recover output lost during 2020, Central Bank says 17/01/2022
The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average of 3.7 per cent in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation.

Explore the wildest corners of Cyprus on a road trip through its western fringes 11/01/2022
The pine-scented Troodos Mountains and turtle-nesting beaches of the Akamas Peninsula reveal Cyprus’s western fringes to be a wild, timeless antidote to the island’s sunkissed resorts.

President optimistic for 2022, refers to pandemic, reforms and Cyprob 04/01/2022
President Nicos Anastasiades has expressed optimism that the new year ahead will be one of “creativity and hope”.

Festive guided tours in nature await! 03/01/2022
As part of the five Christmas villages set up around the Troodos mountain communities, the Deputy Ministry of Tourism has also organised nature walks to combine the visits to the villages with outdoorsy experiences to get closer to the essence of the island.

Most Crypto-Friendly Tax Countries includes Greece and Cyprus 07/12/2021
Portugal There are no taxes for cryptocurrency investors in Portugal. Also no capital gains tax or VAT levied for crypto transactions. You will also get a golden visa if you invest +250k € in businesses or buy a house for 280k € in rural areas, there are also startup or tech visa routes. Portugal is the tax heaven for crypto investors and the deserved first place on my list.

Golden visas: Which countries offer the best opportunities to British expats after Brexit 23/11/2021
GOLDEN visas have become increasingly popular with wealthy Britons since Brexit brought an end to free movement. The attractive golden schemes offer a way for British people to move abroad to several EU countries but which one offers the best opportunities?

Pope to visit Cyprus and Greece, including Lesbos island, on December 2 to 6 17/11/2021
Pope Francis will visit Cyprus and Greece, including the Greek island of Lesbos to meet migrants, from December 2 to 6, a Vatican source said on Tuesday.

New action plan to attract more foreign companies 10/11/2021
Incentives to companies to come to Cyprus and those already here to expand Cyprus is a long-established international business centre and through various initiatives is now positioning itself as a prime European entrepreneurial hub.

Cyprus & Greece Considered World’s Best Places to Buy a Holiday Home 04/11/2021
Cyprus and Greece are the top most favourable destinations in Europe for those interested in buying a holiday home.

LIVE LIFE NICELY! 26/10/2021
Cyprus is a beautiful island located in the eastern Mediterranean Sea. It is the third-largest island in the Mediterranean and is strategically located at the intersection of Europe, Africa and Asia.

Window closing to own Limassol Del Mar Gianfranco Ferré Home apartments 18/10/2021
Time is of the essence for buyers looking to own their own furnished Gianfranco Ferré Home apartment at Limassol Del Mar in Cyprus. The exquisite Signature Collection will be completed at the end of this year and only 15 homes remain available.

Cyprus at a crossroads: The journey to becoming Europe's newest tech island 11/10/2021
Cyprus has earned its fair share of poetic nicknames throughout the years: dubbed the jewel of the Mediterranean and the mythical birthplace of Aphrodite, its rich history and stunning nature, and tourism used to be at the forefront of the Cypriot economy. However, the country has come a long way since then, and today, it is eyeing another nickname: a "tech island."

Cyprus welcomes OECD tax deal on global minimum tax rate 11/10/2021
Cyprus welcomes the agreement reached by the G20 on October 8th 2021, marking the long-term efforts to create fair and healthy competition at global level and to safeguard the tax bases and public revenues of the economies.

Stargazing: a role for astro-tourism in Cyprus 07/10/2021
Who has not marvelled at the stars in the sky? Those who have seen them on a clear night will certainly want to see more, and those who haven’t are in for a great treat. Astro-tourism is the new travel trend, whereby tourists can hike by day and stargaze by night. The experience is at its best in the great outdoors where the light pollution of our towns and cities doesn’t obscure the stars.

Chef Gordon Ramsay Declares Greek Food Better Than Italian 30/09/2021
On Monday’s new premiere of ITV’s “Gordon, Gino & Fred Go Greek,” a heated chat regarding Greek vs. Italian cuisine took place. Gino D’Acampo was enraged by Gordon Ramsay when the two famous chefs started talking about cuisine and Gordon made a cheeky remark that Greek food is better than Italian.

Connect with Mother Nature in Cyprus 27/09/2021
3 Enchanting Cyprus Rivers You’ve Got to Walk Along Whether you’re in the mood for a peaceful stroll or an action-packed affair as you clamber over slippery rocks and unleash your inner green panther, the My Cyprus Insider team have narrowed down three of our favourite rivers to head to for the most idyllic day out connecting with Mother Nature.

Minister lauds 80% jab coverage, vaccine effort will continue 23/09/2021
Eighty per cent of the adult population had received at least the first dose of a Covid vaccine, the health ministry said on Tuesday.

Cyprus launches new incentive scheme to attract high tech companies 20/09/2021
An incentive scheme will be launched in the coming months to attract high tech companies to Cyprus, President Nicos Anastasiades announced recently, at the 9th Annual Cyprus International Investment Awards. The scheme will facilitate the establishment and hiring of employees as well as offer tax incentives and expedited licensing procedures.

Limassol – A thriving property destination 17/09/2021
Limassol is a modern, cosmopolitan, transparent business centre offering opportunities for investment across a wide range of sectors. This vibrant city, with its iconic landmark buildings and renowned reputation for being an entertainment and leisure spot, is home to one of the most diverse property markets with excellent buy-to-let potential.

Key reasons to consider investing in Europe - The Cyprus Opportunity 16/09/2021
Cyprus is an island nation that is strategically in the Mediterranean, and very similar to Greece on all fronts. The island has instituted very favourable corporate tax regime which has led many foreign enterprises to set up shop. These corporates also benefit from an international workforce, with the majority of people speaking fluent English, as well as Russian and Chinese.

Cyprus fosters effective creativity and Innovation 09/09/2021
In July, Cyprus was named one of five most improved EU countries, rising by 33 per cent since 2014. The report highlighted “very strong increases” in several indicators, including venture capital, broadband penetration, product innovators and SME collaboration.

International Credit Agency Standard & Poor’s moves Cyprus’ credit rating from stable to positive 07/09/2021
The government will continue supporting economic activity so that after the pandemic is over, previous positive growth rates will return, Finance Minister Constantinos Petrides said on Saturday.

Cyprus expecting late tourist surge 02/09/2021
Despite the summer’s end, Cyprus tourism stakeholders are preparing for late passenger traffic powered by tourists arriving from non-traditional markets. Transport Minister Yiannis Karousos told state radio CyBC that traffic at Cyprus’ Larnaca and Paphos airports in the first weeks of August increased rapidly, reaching 61% of seasonal passenger inflows.

Cyprus amongst the seven most beautiful European islands to visit 12/08/2021
If you can’t wait to be able to travel again and long for pastures new, delicious food and unforgettable weather, make sure you add some European islands to your travel bucket list.

British survey says Paphos one of the cheapest holiday destinations in Europe 28/07/2021
Paphos is the seventh cheapest holiday destination in Europe for British travellers, according to the latest British Post Office Travel Money survey.

Cyprus. A Quest. A Journey. A Discovery 20/07/2021
Cyprus. A Quest. A Journey. A Discovery From the Birthplace of Aphrodite... Goddess of Love and Beauty, to breathtaking mountain trails, a large variety of Blue Flag-awarded beaches and a healthy cuisine based on the famous Mediterranean diet, using traditional herbs and spices, olive oil and fresh local ingredients.

More than double scheduled flights as of Monday from UK to Cyprus 16/07/2021
Tourism prospects in Cyprus are on the rise now that the U.K. government will scrap its requirement for a ten-day quarantine for arrivals from amber list countries such as the Mediterranean island.

All you want in Greece 13/07/2021
The Property Investor Today, the biggest provider of online news for property investors and landlords in the #UK, and Abode 2, the United Kingdom’s only property guide to focus exclusively on the finest resort #homes and #developments across the globe, have shined a spotlight on Greece and why it is a firm favourite when it comes to #property investment.

Cyprus one of the 7 most beautiful Islands to visit In Europe 12/07/2021
If you can’t wait to be able to travel again and long for pastures new, delicious food and unforgettable weather, make sure you add some European islands to your travel bucket list.

Cyprus Abolishes Entry Restrictions for Arrivals From Five Other Countries 08/07/2021
Cyprus’s government has lifted entry restrictions for citizens of five other countries after confirming that the number of COVID-19 infections in these territories has recently decreased.

Switzerland, 8 European Union members approve Covishield for Green Pass 06/07/2021
The European Union's Digital COVID certificate or "Green Pass" is set to be rolled out on July 1 with an aim to facilitate free movement during the COVID-19 pandemic.

Cyprus eases travel restrictions on countries as the island’s epidemiological picture improves 22/06/2021
The health ministry on Monday issued new country guidelines for travel, moving some countries from orange to green and others from red to orange. The changes come into effect from Thursday.

Move Into Cyprus – A Great Destination For Indians 14/06/2021
To many, the island of Cyprus is only known because of Shakespeare’s Othello. To many it is the birthplace of Aphrodite. To many others, it is where Halloumi comes from.

Cyprus Dubai Tourism Ties go to a new high! 08/06/2021
Cyprus reopens to UAE nationals and residents, offering quarantine-free summer travel. In addition, the strong tourism ties between Cyprus and Dubai have been growing over the past few years, which has prompted the Cyprus government to set up a Tourism office in Dubai.

Cyprus has ‘best quality bathing waters’ in EU 01/06/2021
Cyprus had the best quality bathing waters in the EU in 2020 after 112 coastal sites passed with flying colours, the European Environment Agency said on Tuesday.

Cyprus allows restriction-free entry for arrivals from Israel, Saudi Arabia, Singapore and South Korea 25/05/2021
In accordance with the figures provided by ECDC, Cyprus classifies countries into four different categories, green, orange, red, and grey.

Cyprus sees more foreign companies relocating their businesses to the country, with many benefits and tax advantages. 24/05/2021
Cyprus sees more foreign companies relocating their businesses to the country, with many benefits and tax advantages. Leptos Estates offers a one-stop-shop solution for your Headquartering needs.

Coronavirus: Chinese jab Sinopharm added to list of approved vaccines 21/05/2021
Cyprus on Thursday added Chinese Covid vaccine Sinopharm to the list of approved vaccines accepted for entry into the country.

Cyprus president unveils ‘ambitious’ economic stimulus plan 20/05/2021
Cyprus’ president on Monday unveiled a 4.4 billion-euro ($5.34 billion) economic stimulus plan, which he described as the “most ambitious ever” in the country’s 61-year history as an independent republic.

Limassol’s long-awaited technology park is to begin development next to Limassol Blu Marine. 28/04/2021
Limassol is planning to develop a financial district, ‘Wall Street’ by the sea; the long-awaited technology park is to begin development by yearend.

Cyprus open to fully vaccinated tourists 28/04/2021
Cypriot tourism minister keeps summer season alive in ‘hear ye, hear ye’ move starting May 10

Cyprus is expected to achieve the appropriate immunity to Covid-19 by the end of June, Ioannou added, with 70 per cent of the population to have been vaccinated. 15/04/2021
Saying Cyprus will reach herd immunity by late June based on current delivery schedules of vaccines, Health Minister Constantinos Ioannou on Thursday encouraged people to get vaccinated ‘regardless of the vaccine’, to speed up a return to normality.

Celestyal Cruises announces new seven-day cruise from Limassol 12/04/2021
Cruise visits Athens, Thessaloniki, Mykonos, Santorini, Rhodes and Ayios Nikolaos (Crete) Celestyal Cruises, part of the Louis Group, awarded as the number one choice for cruise travellers to the Greek islands and the Eastern Mediterranean, is delighted to announce the start of a new seven-night itinerary with Celestyal Olympia from Limassol.

Seabourn adds Limassol, Paphos to summer cruise programme 08/04/2021
Limassol and Paphos have been included in Mediterranean routes to be carried out this summer by Seabourn Cruise Line, the shipping deputy ministry announced on Thursday.

Coronavirus: Vaccination portals for 57+ should open by end of week 07/04/2021
Cyprus will soon receive 60,000 vaccine doses which should enable those aged 57 and 58 to book vaccine appointments from Friday or Saturday, Health Minister Constantinos Ioannou said on Monday.

Lebanese flock to Cyprus as borders open 05/04/2021
The Lebanese are queuing up to visit Cyprus, even though many can barely afford it.

Ryanair to resume flights from April, expands schedule from Cyprus this summer 05/04/2021
Ryanair is to resume flights to and from Cyprus from April. This summer will be a ‘win-win’ for Ryanair working with Hermes Airports, Maria Kouroupi, senior manager Aviation Development, Marketing and Communication, announced at a webinar on Wednesday.

Cyprus seeks to attract long term investors 05/04/2021
To further attract foreign investment to the island and help economic recovery, Cyprus announced amendments to Regulation 6 (2) of the Aliens and Immigration Regulations, which came into effect on March 24.

It’s official: halloumi is Cypriot 05/04/2021
President Nicos Anastasiades welcomed on Monday evening the registration of halloumi by the EU as a protected designation of origin (PDO), seven years after Cyprus first applied.

Cyprus welcomes arrivals from main tourist markets 30/03/2021
The health ministry on Monday upgraded Russia, the UK, China, Ukraine, Lebanon, Egypt, Belarus ,UAE ,Jordan and Israel, the ten biggest markets for Cyprus in terms of tourism, from grey to red category, meaning passengers arriving from those countries do not have to self-isolate upon arrival.

Royal Caribbean 7-night cruises ‘for the fully vaccinated’ launching from Limassol this summer 29/03/2021
Royal Caribbean International announced on Thursday that all-new 7-night cruises will be departing from from Limassol, starting July 10.

Coronavirus: Vaccinations for all those over 45 by first week of May 23/03/2021
Vulnerable groups and everyone aged 45 and over should receive their first dose of the Covid-19 vaccine by the first week of May, the health ministry announced on Monday.

Cyprus makes strides in becoming a technology hub 22/03/2021
For the first time, a comprehensive effort is underway to make the island a technology hub Cyprus is framing a comprehensive, holistic policy to compete as a technology hub, Invest Cyprus chief executive George Campenellas told the Cyprus Mail in an interview.

Cyprus to see return of Russian tourists in April 17/03/2021
Russian tourists are expected to be welcome in Cyprus as of April 1, according to sources close to the deputy ministry of tourism.

Why Cyprus is the greatest Mediterranean island of all 16/03/2021
Ancient history, hidden treasure and tranquil mountains: there's plenty to capture the imagination in this magical Med destination

Coronavirus: As Cyprus’ tourism hopes rise, Brits now told ‘hold off’ on booking 10/03/2021
Just as Cyprus began to raise its hopes of an influx of British tourists from the end of May, and with preparations underway to take bookings from April1, according to the tourism ministry, UK Transport Secretary Grant Shapps told Brits on Wednesday it was still too early for them to book a foreign summer holiday.

In four years, more than 400,000 passengers have used Limassol port 09/03/2021
Located in the centre of everything, Leptos’ flagship development, Limassol Blu Marine, presents a dramatic destination that is rising above the ground to become a landmark in Limassol’s

Cyprus Is the New Greece (but Way More Affordable and Without the Crowds) 08/03/2021
It's late fall and the water is still warm enough to swim. The smell of souvlaki, grilled halloumi and pita fills the air. Where are we?

Cyprus IT firms partner with Lebanese colleagues, discuss Cyprus relocation 08/03/2021
The Cyprus IT Community on Thursday announced its formal partnership with the Lebanese IT Syndicate, as an increasing number of Lebanese tech companies consider relocation to the island.

Cyprus throws open its borders to British holidaymakers... but they MUST be vaccinated: Island chiefs welcome sunseekers back from May 1 - despite leisure trips out of UK being banned until May 17 05/03/2021
Cyprus has announced that it will throw open its borders to British holidaymakers who have been fully vaccinated from May 1.

Tourism ministry welcomes Royal Caribbean’s decision to include Cyprus in summer schedule 02/03/2021
The deputy ministry of tourism on Monday welcomed the Royal Caribbean cruise line’s decision to include Cyprus in its summer schedule.

Coronavirus: Cyprus updates country categories, entry requirements 01/03/2021
The health ministry on Saturday announced the updated list of countries under the traffic-light system in view of the reopening of airports on March 1.

Irish ambassador reaffirms Dublin’s position on Cyprus 25/02/2021
The ambassador of Ireland to Cyprus, Deirdre Ní Fhallúin has reaffirmed her country’s position on a Cyprus settlement on the basis of the relevant UN resolutions, and expressed Dublin’s firm support for Cyprus, particularly as a non-permanent member of the UN Security Council for 2021-2022.

CFA organises research challenge 25/02/2021
The Cyprus Association of Financial Analysts (CFA Society Cyprus) is a pioneer, organising the prestigious international competition CFA Research Challenge 2021.

Music from theatres of Cyprus 25/02/2021
In its first live concert since early December last year, the Cyprus Symphony Orchestra will return to theatres across Paphos, Limassol and Larnaca this month to perform a series of three different programmes.

Cyprus applies to join UN Human Rights Council 25/02/2021
For the first time in its history, Cyprus is applying to join the UN Human Rights Council from 2025 to 2027, it was announced on Tuesday.

Coronavirus: airports will reopen under traffic-light system 19/02/2021
Airports in Cyprus are set to reopen in March, with countries being classified as per a new colour-coded health risk assessment system.

Cyprus attracts significant foreign investments 09/02/2021
Many foreign investors find Cyprus to be an ideal location for establishing a business as both they and their family are entitled to many benefits.

Cyprus 18.6bn investment in tourism continues despite pandemic — InvestCyprus 02/02/2021
Investments in tourism continue to be strong in Cyprus, with the Tourism Ministry planning to invest €18.6 billion in the next few years.

Wizz Air adds 3 destinations to its Larnaca network 29/01/2021
Wizz Air on Thursday announced the addition of three new destinations from/to Larnaca. There will be new routes to Oslo, Tel Aviv and Kharkov along with the allocation of a third airplane to its Larnaca base, Wizz Air said in a statement.

Cyprus ranks fifth in pandemic management study 28/01/2021
A Covid Performance Index ranking almost 100 countries for their successful handling of the coronavirus pandemic placed Cyprus in fifth place

Cyprus eyeing March 1 reopening of travel 26/01/2021
Cyprus plans to reopen its airports to visitors from all countries on March 1, Deputy Tourism Minister Savvas Perdios told CyBC state television on Wednesday.

Cyprus ranks 2nd among 29 European countries in COVID-19 tests per 100,000 people 19/01/2021
Cyprus ranks 2nd among 29 European countries in COVID-19 tests per 100,000 people, according to figures released by European Centre for Disease Prevention and Control (ECDC). The figures, as a press release issued by the Press and Information Office says, highlight the great effort of the authorities for epidemiological tests, since the spread of the pandemic.

Latest QS World University Rankings put Cyprus first in its region with the highest number of ranked institutions per 1m population 07/01/2021
Cyprus has singled out as having the most universities in the Emerging Europe and Central Asia region ranked by the QS World University Rankings for its size of population, according to newly published figures.

Cyprus lifts Travel bans from 15 January 2021 17/12/2020
We’re looking forward to welcoming you to Cyprus soon. The Cyprus Government looks forward to restarting international travel, at the earliest opportunity. Maintaining a constant flow of air connectivity to the island is important to us, at the same time safeguarding public health. For this reason, the Cyprus Government has given travel relaxations to:

Greece and Cyprus to be connected with new maritime route 16/12/2020
Cyprus and Greece will be connected with a new ferry service, the Cypriot Deputy Minister of Shipping said during a press conference held yesterday in Limassol. “We are pleased to announce the tender for the selection of a maritime carrier contractor which will carry out maritime passenger transport between Cyprus and Greece”, said Cypriot Deputy Minister of Shipping, Vassilis Dimitriadis.

Cyprus, Greece and Jordan to further enhance cooperation, Trilateral Summit to take place in first half of 2021 10/12/2020
Cyprus, Greece and Jordan have decided to further enhance their trilateral cooperation, which will cover, among other, defence and security issues as well as economic and trade cooperation. The next Trilateral Summit of their leaders will take place in Athens during the first six months of 2021.

Cyprus Airways green light for Russia flights 04/12/2020
Cyprus Airways has added Moscow and St. Petersburg to its flight network for winter 2020-21 after Russia lifted an embargo on the airline carrying passengers.

Cyprus has a robust offer for Corporate Headquarters 28/11/2020
Established companies favour Cyprus as a destination for their corporate headquarters. We offer a robust environment, with a well-educated and internationally oriented workforce, close proximity to businesses, services and transportation, low cost structure and room for expansion. It is a member country of the European Union.

Investors are optimistic about Cyprus’ attractiveness-EY survey 30/10/2020
Investors are optimistic about Cyprus’ attractiveness-EY survey Investors are optimistic about Cyprus' attractiveness over the coming years but state that there is room for improvement, according to the EY Attractiveness Survey Cyprus 2020 released on Wednesday, 22 October 2020. The survey showed that COVID-19 triggered a sharp decline in foreign direct investment projects throughout Europe but despite the pandemic investors feel that Cyprus remains an attractive investment destination.

Cyprus Records 2.8% of GDP Deficit In January-August 2020, Due To Support Measures For COVID-19 09/10/2020
Cyprus recorded a deficit of €581.1 mn (2.8% of GDP) for the period of January-August 2020, as compared to a surplus of €620.8 mn (2.8% of GDP) that was recorded during the period of January-August 2019, according to the preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus.

British Investors are looking to invest in Cyprus property after Brexit. 08/10/2020
With Brexit looming closer, high-net-worth investors, from the UK have an eye on the future and life after Brexit by investing in Cyprus.

Oil and gas companies have assured plans on track 09/09/2020
Oil and gas companies have assured the government they remain committed to their projects in Cyprus’ exclusive economic zone and will stick to schedules revised due to the coronavirus situation, the energy minister said on Tuesday.

Why Cyprus Is Attractive For High New Worth Investor Immigrants 02/09/2020
The Lay of the Land In the world of so-called global citizens, one of the key considerations is to have a second passport. The saying goes that you had no choice about where you were born, but you can certainly choose where you are going to live.

Russia may resume flights to 7 countries this week, Cyprus included 24/08/2020
Russian authorities may, this week. announce the resumption of international flights to France, Hungary, Malta, Cyprus, Jordan, Egypt and China’s Shanghai, according to the Izvestia newspaper, citing unnamed airport and airline sources.

Seven reasons why you should establish a business in Cyprus 17/08/2020
Cyprus is the third largest island in the Mediterranean and has a ton of business opportunities for locals and foreigners despite its small size. Setting up a business on the island as an immigrant offers benefits including profitable international ventures and tax planning purposes.

Cyprus Airports Welcomed 200,000 Passengers in July 05/08/2020
Some 200,000 passengers have passed through the gates of Cyprus’ two airports in July, according to Hermes, the operator of Larnaca and Paphos international airports.

Cyprus Meets Schengen Criteria Over Personal Data 21/07/2020
According to a statement by the commission for personal data protection in Cyprus, the Schengen committee on Thursday adopted a positive report that concluded Cyprus fulfils all criteria for its membership to the Schengen area where personal data is concerned.

Hong Kong Investors Eye Europe Amid Domestic Unrest 21/07/2020
The political and social instability in Hong Kong has seen its investors increasingly eyeing opportunities in Europe. Sofia Karadima looks at why the region is such a popular safe haven.

Cyprus And Switzerland Signed Protocol Amending The Double Taxation Treaty 20/07/2020
Cyprus and Switzerland signed on Monday a protocol amending the Treaty for the avoidance of double taxation, with the two sides stating that the amended treaty will boost their economic ties.

Cyprus to Enter the Natural Gas Era 09/07/2020
Following President Nicos Anastasiades laying the foundation stone for the construction of the Cyprus LNG import terminal project in Vasilikos Cyprus will enter the natural gas era, Natural Gas Public Company chairman Symeon Kassianides commented on Wednesday.

CYPRUS: The Best Water Quality in Europe 27/06/2020
Environment Minister Costas Kadis on Monday hailed the announcement by the EU that Cyprus tops the MS on the quality of its bathing waters, with 99,1% being of excellent quality for 2019.

Cyprus Tourism Minister Expects to Open to British Tourists as of July 15 23/06/2020
“We expect to allow British tourists to come to Cyprus as of July 15,” Cyprus Deputy Tourism Minister Savvas Perdios told the British newspaper Sun Online on Wednesday.

LARNACA / PAFOS Weekly Frequencies Jun-Sep 2020 (10 Jun 2020) 19/06/2020
Paphos / Larnaca Flight Schedule. Weekly Frequencies Jun-Sep 2020 (10 Jun 2020)

Cyprus is now Officially the 5th Safest Country in the World and One of the Best Holiday Destinations 15/06/2020
HOLIDAYS abroad are undeniably very exciting for most travellers and there's plenty to get enthusiastic about when jet-setting to foreign shores. However, how safe is your holiday destination? The safest countries in the world for 2020 have been revealed

Cyprus is the Next Hot Spot to Benefit from the Pandemic 15/06/2020
Q&A with Pantelis Leptos, Director of Leptos Estates How has Cyprus responded to the COVID-19 pandemic?

Cyprus was Claiming 19th Place in the Table of the Top Countries According to PIRI 100 Index 27/05/2020
According to the international consulting company Knight Frank, Cyprus is competing with Paris, as they both had a 4.3% increase in luxury real estate prices.

Cyprus Beaches are Open! 27/05/2020
Cyprus beaches are open! Embraced by the crystal waters of the Mediterranean, the sun-drenched island of Cyprus has over 160 beautiful beaches including 65 Blue Flag beaches waiting for you to discover.

Ryanair Returns to the Skies, Resuming Travel from Cyprus 27/05/2020
On June 21, Ryan Air plans to fly to and from Cypriot airports, but will reduce the frequency of its flights even to destinations previously operated by daily flights.

Cyprus Gradually Opens Up Even More! 26/05/2020
The second phase of relaxed restrictions are ongoing. Outdoor spaces such as beaches, parks, play areas in outdoor spaces, squares and marinas are open. Hair salons, barber shops, beauty salons and betting agencies have resumed operations including libraries, museums, archaeological and historical sites.

Cyprus Emerges Strong from Pandemic Lockdown 21/05/2020
Cyprus has achieved remarkable results in its work to control the pandemic of COVID-19. Infections just over 900 cases, a good recovery rate with few deaths, and now down to single digit cases indicates that Cyprus has reached a turning point in fighting the coronavirus.

Financial Encouragement to Help Businesses Counteract with the Virus Effects. 06/04/2020
A financial stimulus package to help businesses tackle the impact of the coronavirus, which has already decimated the island’s tourism and travel sector, is to be finalised in the coming days, Finance Minister Constantinos Petrides said on Wednesday.

Keep Up With The Construction Progress Of City Of Dreams Mediterranean 05/03/2020
The public now has the opportunity to view and track the rapid progress of the City of Dreams Mediterranean Integrated Casino Resort (ICR) through its website (www.cityofdreamsmed.com.cy/progress.html). Photos from the construction site will be posted regularly as well as other updates for this transformative destination resort including career opportunities.

US Visa Waivers for Holders of Cypriot Passport 03/03/2020
According to the latest news published in Cyprus Mail, there could be a positive development regarding visa waivers for Cypriots travelling to the US. The Foreign Minister Nicos Christodoulides said that the issue will be discussed this month with the competent deputy Minister of the US Government during the American’s official visit.

Kyriacos Kokkinos Assumes Duties As Deputy Ministry For Research, Innovation And Digital Policy 28/02/2020
Kyriacos Kokkinos assumed officially his duties as Deputy Ministry for Research, Innovation and Digital Policy, established as part of promoting the government’s digital agenda.

The Prince Of Wales And The Duchess Of Cornwall To Jointly Visit The Republic Of Cyprus 26/02/2020
At the request of the British Government, The Prince of Wales and The Duchess of Cornwall will undertake an official visit to the Republic of Cyprus from Wednesday 18th March to Saturday 21st March 2020.

UN Report Ranks Cyprus 23rd Among 180 Countries in Children’s Wellbeing 25/02/2020
Cyprus was ranked 23rd among 180 countries in the ‘flourishing’ of children in a new UN-led research, ahead of Italy Israel and Slovenia and behind Portugal, Canada and Australia (22, 21 and 20 respectively).

CYPRUS - One of 10 of the Sunniest Places to Visit in March 18/02/2020
As per Conde Nast Traveller, Cyprus is among the 10 Sunniest Places to visit in March with an average temperature of 19* C, a good 8 hours of sunshine a day and one of Europe’s most reliable winter holiday spots.

Tourist Arrivals JANUARY 2020 +4,5% 18/02/2020
On the basis of the results of the Passengers Survey, arrivals of tourists reached 85.622 in January 2020 compared to 81.970 in January 2019, recording an increase of 4,5%. January 2020 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month.

Ferry Connection Between Greece and Cyprus Gets the Green Light from Athens 17/02/2020
Greek authorities have approved the reintroduction of a ferry connection between Greece and Cyprus, a line that stopped operating in 2000.

Cyprus GDP Set To Grow Over The Next Two-Year-Period According To Commission Forecast 13/02/2020
The economy in Cyprus will grow by 3.2% in 2019, 2.8% in 2020 and 2.5% in 2021, according the European Commission`s Winter Economic Forecast, published today in Brussels, and presented by Commissioner Paolo Gentiloni. Inflation will be 0.8% in 2020 and 1.2% in 2021 and "downside risks are primarily external notably a potential slowdown in foreign demand for residences and tourism services," the CNA reported.

Wizz Air to Launch Direct Larnaca Yerevan Flights 07/02/2020
Hungarian budget airline Wizz Air will launch flights from Larnaca to Yerevan on June 1, Armenian state news agency Armen Press announced on Friday.

The Cyprus - Kazakhstan Double Tax Treaty Enters Into Force 01/02/2020
On 30 December 2019, the President of Kazakhstan signed into Law the Cyprus - Kazakhstan Double Tax Treaty following its ratification by the Kazakh Parliament.

During 2019 Cyprus Broke New Records for Tourism 17/01/2020
​2019 had the highest volume of tourist arrivals ever recorded in Cyprus. For the period of January -December 2019 arrivals of tourists totaled 3,976.777 compared to 3,938.625 in 2018 and 3,652.073 in 2017.

Finance Minister Satisfied Over Double Bond Issuance 15/01/2020
Finance Minister Constantinos Petrides said on Tuesday he was satisfied with the double bond issuance which will meet Cyprus’ borrowing needs and repay an International Monetary Fund (IMF) rescue loan.

Cyprus Close to Getting on US Visa Waiver Program 15/01/2020
Nicosia and Washington have accelerated their efforts to include Cyprus in the United States’ Visa Waiver Program with the two sides establishing a working group to fast-track the issue.

Limassol-Piraeus Ferry Ticket to Cost €130 Return 14/01/2020
A return ticket by ferry from Limassol to Piraeus will cost about €130 per person without a car, deputy shipping minister Natasa Pilides said on Tuesday.

Cyprus and Canary Isles: Best Value New Year Holidays 13/01/2020
According to the UK Post Office Travel Money, British tourists taking a New Year break will get up to 11 percent more cash year-on-year.

President Anastasiades backs momentum in Real Estate Market 12/01/2020
The momentum in the Cyprus real estate market will continue to a greater extent fostered by a large number of local and foreign investment recorded in the country, says the President of the Republic Nicos Anastasiades, the CNA reports.

Cyprus sets goal to be among 30 top tourist destinations by 2030 10/01/2020
Deputy Tourism Minister Savvas Perdios has said that a goal has been set for Cyprus to be among the 30 most competitive tourist destinations by 2030.

EY: Cyprus Tax Facts 2020 Guide Is Now Available 10/01/2020
A comprehensive easy-to-use guide aiming to help you stay informed on local tax issues and legislation changes EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides information regarding the Cypriot tax system, based on current legislation and tax practices, in relation to the fiscal year 2020.

Cyprus Real Estate Sector Marked by Positive Sentiment in 2019 08/01/2020
Despite external pressure and warnings by supervisory authorities over the real estate in Cyprus, the sector has proved to be resilient and sentiment was positive in 2019.

Hollywood Stars Going Greek 08/01/2020
Tom Hanks can now add Greek citizenship to his list of accolades and awards. President Prokopis Pavlopoulos signed an honorary naturalization order allowing the actor to claim citizenship, his office told The Associated Press on Friday.

Second Dam Overflows in Less than 24 Hours (video) 07/01/2020
The Yermasoyia dam became the second in 24 hours to overflow at about 4pm on Sunday. Earlier in the day the mayor Kyriakos Xydias has said the water flows into the reservoir had indicated it would overflow on Sunday afternoon.

Tourist Arrivals at Record High in November, and in First 11 Months 20/12/2019
Tourist arrivals in November and in the first eleven months of this year were at a record high for the time of the year, data released by the Cyprus Statistical Service on Tuesday showed.

It’s Only December and Reservoirs are Already 78.1 per cent Full 20/12/2019
Reservoirs have reached 78.1 per cent of capacity after more than two million cubic metres of water flowed in over the past few days, according to data by the Water Development Department (WDD).

Cyprus records 0.5% annual inflation in November 20/12/2019
Inflation in Cyprus was 0.5% in November, up from -0.5% in October and down from 1.6% in November 2018.

DP World Limassol Welcomed a Record Number of Cruise Vessels in November 20/12/2019
20 December 2019: A record number of cruise vessels arrived at the Limassol port in November, making it the busiest cruise month of the year. DP World Limassol welcomed 25 cruise ships, including Jewel of the Seas, MSC Lirica/Opera, Viking Star/Sky arriving at the New Cruise Terminal.

Limassol Named European City of Sport 27/11/2019

Limassol Municipality officially announced on Tuesday ACES Europe has designated it as a European city of sport for 2020.

October 2019 Records the Highest Volume of Tourist Arrivals for the Specific Month 21/11/2019

The data released by the Cyprus Statistical Service show that arrivals of tourists reached 436.509 in October 2019 compared to 433.617 in October 2018, recording an increase of 0,7%.

ECONOMY: Cyprus GDP grew by 3.2% in Q3 2019 15/11/2019

Cyprus’ economy expanded by 3.2% in the third quarter of 2019 on an annual basis, racking up 19 quarters of consecutive growth, official data showed Thursday.

General Government Accounts Record Surplus in Q3 15/11/2019

General Government accounts for July-September 2019 recorded a surplus of €394.5 mn as compared to a deficit of €1,221.6 mn in the corresponding period of the previous year, according to the Statistical Service of Cyprus. The surplus for the nine months of 2019 amounted to € 1013.5 million.

Cyprus GDP to Grow by 3.6% in 2019 06/11/2019

The University of Cyprus (UCY) Economic Research Centre has predicted that real GDP in Cyprus will grow by 3.6% in 2019 and 3.1% in 2020.

Cyprus Property Boom is not a Bubble 02/11/2019

The Cyprus Finance Ministry says that the boom in the Cyprus property market is not a bubble but acknowledges that the potential large-scale sell-off of properties by the banks could push prices down. THE PROPERTY boom in Cyprus is not a bubble, according to a Finance Ministry report which also considers such an eventuality as remote. 

Moody’s Changes Outlook to ‘Positive’ on Better Fiscal and Lower Risks 19/10/2019

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations.

New Record Tourist Arrivals in September, and For First Nine Months 18/10/2019

Tourist arrivals in Cyprus reached a new record in September, with  524,707 travellers compared with 520,138 in September 2018.

 

Fitch Revises Bank of Cyprus Covered Bonds’ Outlook to Positive, Affirms at ‘A’ 18/10/2019

Fitch Ratings has on Wednesday revised Bank of Cyprus Public Company Limited’s (BoC, B-/Positive/B) conditional pass-through (CPT) mortgage covered bonds’ outlook to positive from stable and affirmed the rating at ‘A’.

 

Cyprus Signs Contracts with Eni and Total On Five Blocks of Its EEZ 19/09/2019

Cyprus signed on Wednesday agreements with France’s Total and Italy’s Eni for exploration in block 7 of Cyprus’ Exclusive Economic Zone (EEZ). Contracts were also signed for the farm-in of Total in blocks 2, 3, 8 and 9, the CNA repots.

''Get Ready for Brexit'' Campaign Launches in Cyprus 17/09/2019

The UK Government launched on Monday a major information campaign urging UK nationals living in Cyprus to get ready for Brexit on 31 October. It is part of a wider communications campaign effort across Europem the CNA reports.

August Sets New Record in Tourist Arrivals 17/09/2019

Tourist arrivals reached a new record in August 2019 with an increase of 3.6 per cent compared with August 2018.

Paphos Attracts Foreign TV Productions, Including Hungary’s ‘Love island’ 17/09/2019

A Swedish TV show will be filmed in various areas of Paphos over the coming months, according to the Paphos regional board of tourism.

Cyprus’ Sovereign Ratings Affirmed with A Positive Outlook 16/09/2019

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) at ‘BB+’ and its Short-Term Foreign Currency Rating (ST FCR) at ‘B’. The LT FCR Outlook remains Positive.

Cabinet Approves Bill For The Establishment Of Deputy Ministry Of Innovation And Digital Policy 05/09/2019

Cyprus will soon have a Deputy Ministry of Innovation and Digital Policy following the Cabinet’s decision to approve a bill on Wednesday, the CNA reports.

Savvas Perdios: News in September Over Flights to Cyprus and German Market 22/08/2019
The next month will be crucial for the tourist industry in Cyprus, Tourism Deputy Minister Savvas Perdios has said, noting that he expects to be informed in September about an increase in flights to Cyprus and about the outcome of efforts to attract tourism from Germany, the Cyprus News Agency reports.

Cyprus July Sets Record for Tourist Arrivals 20/08/2019
July 2019 sets a new all-time record for tourist arrivals for the specific month, breaking the 550,000 mark. According to the Statistical Service, 550,971 people visited Cyprus in July 2019 compared to 539,626 in the same month last year, an increase of 2.1 per cent.

Economy Continues to Grow for Fifth Consecutive Year 20/08/2019
Finance Minister Harris Georgiades said on Wednesday that the economy has continued to grow for the fifth consecutive year. In a written statement, the minister said the growth of the Cypriot economy remains strong at 3.4 per cent during the first three months of 2019 and 3.2 per cent for the second three months.

Law Allows Brits to Live in Cyprus in Case of no Deal Brexit 12/07/2019
The plenum on Friday unanimously passed legislation regulating the right of UK nationals and their families to move and reside freely in the Republic of Cyprus in the event of a no-deal Brexit.

Cyprus-Greece Ferry Link by Next Summer, MPs Told 09/07/2019
A ferry link between mainland Greece and Cyprus is expected to be operational by next summer while the government is mulling over similar agreements with other neighbouring countries, MPs heard on Tuesday.

General Government Surplus Up By An Annual 0.5% In The First Five Months 02/07/2019
The General Government recorded a surplus of €517,7 mn or 2.4% of GDP from January until May 2019 compared with a surplus of €393,4 mn in the corresponding period of 2018 or 1.9% of GDP), preliminary fiscal results published on Friday, 28 June by the Statistical Service of Cyprus (CYSTAT) show.

Job Openings as Nicolas Cage Prepares to Film in Cyprus 19/06/2019
The company behind a Nicolas Cage movie that will be shot entirely in Cyprus is seeking to recruit staff and rent out equipment in preparation for the start of filming of Jiu Jitsu later this month.

High-End Cyprus Residential Property Sales Boom 12/06/2019
The total number of high-end residential properties worth over €1.5 million each that were sold during 2018 reached 324, according to a PwC Cyprus Real Estate Market publication.

Yields for Cyprus Ten-Year Bonds Decline to New Historic Lows 10/06/2019
Cyprus’ ten-year government bond yield dropped to new historic low levels pushing the island’s debt servicing cost lower. Cyprus’ ten-year bond yield in the secondary markets is trading below 1% for the first time, while yields dropped by 25 basis points in the last two days.

Cypriot Economy Grows by 3.2% in Q1 2019 10/06/2019
​The Cypriot economy grew by a rate of 3.2% in the first quarter of 2019, data released by the Cyprus Statistical Service on Friday show.

Cyprus Will Earn $9.4 Billion From ”Aphrodite” Deposit 10/06/2019
George Lakkotrypis, the Energy Minister for Cyprus, announced that Cypriot authorities have signed a preliminary agreement with energy companies Shell, Delek and Noble, which will be extracting natural gas and oil from the deposit dubbed ”Aphrodite.”

Cyprus’s first 30-year bond. Sale was overloaded with orders 10/06/2019
Cyprus issued its first long-term bond maturing in 30 years, along with a 5-year bond, drawing demand for a total of 9 billion euros (10 billion U.S. dollars). Banking sources said the 30-year bond drew offers amounting to 5.9 billion euros and the 5-year one 4.9 billion euros.

Cyprus Property Sales Continues to Rise in May 2019 by 72% 06/06/2019
The number of Cyprus property sales surged in May 2019 reaching the highest number recorded since July 2008 according the official figures released by the Department of Lands and Surveys.

99.1% of Cyprus Bathing Sites Rated ‘Excellent’ for Water Quality 06/06/2019
Cyprus had the highest proportion of bathing sites with excellent water quality in the European Union with 991.%, according to a report by the European Commission and the European Environment Agency (EEA) published on Thursday.

General Government Surplus Increases in First Four Months 03/06/2019
The General Government surplus increased to €547.1 mn or 2.5% of GDP between January and April 2019, compared with a surplus of €426.9 mn or 2.1% of GDP in the same period of 2018, according to the preliminary fiscal results published by the Statistical Service of Cyprus on Friday, May 31, the Cyprus News Agency reports.

65 Cypriot Beaches Awarded with 2019 Blue Flag Status 01/06/2019
A total of 65 beaches in Cyprus, as well as the Limassol Marina have received the prestigious Blue Flag award for 2019, reflecting their excellence in environmental education, management, water quality, safety and services.

Cyprus in Top Global Category for Taking Care of its Children 31/05/2019
Cyprus is ranked 13th out of 176 countries in Save the Children’s latest annual global childhood report which examines the major reasons why children miss out on childhood. The end of childhood index scores reflect the average level of performance across a set of eight indicators related to child health, education, labour, marriage, childbirth and violence. 

The New Cyprus’ MEPs Elected on May 26th 27/05/2019
Chief Returning Officer Kypros Kyprianou announced the six newly-elected representatives of Cyprus at the European Parliament.

Eight Offshore Drills for Hydrocarbons over Next 24 Months 22/05/2019
Cyprus plans to carry out eight offshore drills for hydrocarbons over the next 24 months, the government revealed on Tuesday.
“Activities within the Exclusive Economic Zone are ongoing. For the next 24 months we are planning eight drills, six exploratory and two appraisal drills,” energy minister Giorgos Lakkotrypis said presenting an overview of his ministry’s work over the past year.

Photo Competition Launched for Paphos Installation 22/05/2019
Photographers from around the world are invited to submit photographs for an annual competition in Paphos that aims to exhibit large pictures in outdoor public spaces.

DBRS Confirms Cyprus at BBB (low), Stable Trend 21/05/2019
DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low). At the same time, DBRS confirmed Cyprus’ Short-Term Foreign and Local Currency – Issuer Ratings at R-2 (middle). The trend on all ratings is stable, it said.

ECONOMY: Cyprus GDP Grew by 3.5% in Q1 2019 16/05/2019
Cyprus’ economy expanded by 3.5% in the first quarter of 2019 on an annual basis, racking up 17 quarters of consecutive growth, official data showed Wednesday.

Total and Eni to Expand Presence in Cyprus’ EEZ 10/05/2019
Energy giants Total and Eni are set to expand their presence in the exclusive economic zone (EEZ) of the Republic of Cyprus, and they are expected to cooperate in hydrocarbon activities in offshore block 7, the Cyprus News Agency said Friday.

Cyprus Property Sales at Eleven Year High 09/05/2019
Paphos  is the attraction for the majorities of the European and Non- European  buyers and entrepreneurs

APRIL saw a sharp rise in Cyprus property sales compared to the numbers sold in the corresponding month last year, with the number of contracts deposited at Land Registry offices up 61% according to the Department of Lands & Surveys.

Cyprus ‘Fifth most Desirable Destination for Brits’ this Summer 03/05/2019
Cyprus is the fifth most popular destination for Britons this summer, according to Thomas Cook’s annual Holiday Report, based on its package holidays and flight-only bookings.

Fitch Affirms Cyprus' Ratings at “BBB-“ 15/04/2019
Rating agency, Fitch, affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at `BBB-` maintaining with a Stable Outlook.

Multi-Million Movie Starring Nicholas Cage to be Filmed in Cyprus 08/04/2019
A multi-million movie starring Nicolas Cage will be filmed in Cyprus, it was announced on Friday. Cage has starred in such well-known movies as Rumblefish, Raising Arizona, Moonstruck, Guarding Tess, and Leaving Las Vegas.

Paphos and Limassol Among the Top 10 Cheapest Beach Holidays in Europe 08/04/2019
Post Office UK has released its annual Holiday Costs Barometer for 2019 which details the cheapest places to go for a beach holiday this year, the Evening Standard reports.

Invest Cyprus Promotes Higher Education 05/04/2019
The Cyprus Investment Promotion Agency (Invest Cyprus), in cooperation with the Ministry of Education and Cypriot universities have taken the initiative to raise awareness and promote Cyprus as an educational centre of excellence abroad in order to attract foreign students.

Cyprus in Top 50 of World’s Happiest Countries 21/03/2019
Cyprus has been ranked 49th on the list of the world’s happiest countries, far higher than previous years, according to the latest World Happiness Report published on Wednesday.

Cyprus Continues to Break Tourism Records in 2019 21/03/2019
Tourist arrivals to Cyprus broke yet another record in February and in the first two months of the year, exceeding the number of tourists that visited the island during the same period in previous years.

Property Sales Increased by 25% in February 2019 20/03/2019
February 2019 saw property sales go through the roof, as the second month of the year recorded an increase of 25% in sales documents being submitted with the Land Registry.

GDP Growth in Q4 Estimated at +3.8% 14/03/2019
The GDP growth rate in real terms during the fourth quarter of 2018 is positive and estimated at +3.8% over the corresponding quarter of 2017. Based on seasonally and working day adjusted data, GDP growth rate in real terms is also estimated at +3.8%, according to data released by the Statistical Service of Cyprus.

Bloomberg: Cyprus the 21st Healthiest Country in the World 01/03/2019
Cyprus ranks as the 21st healthiest country in the world according to the 2019 edition of the Bloomberg Healthiest Country Index, which ranks 169 economies according to factors that contribute to overall health. With 83.58/100 points, Cyprus dropped three places from last year’s Index, when it had 88.19 points.

Unemployment Falls to 7.6% 22/02/2019
Unemployment in Cyprus fell to 7.6% of the labour force in the 4th quarter of 2018, from 7.8% in the 3rd quarter, according to the Labour Force Survey by the Statistical Service of Cyprus.

Cyprus to Focus on Attracting Special Interest Tourism 21/02/2019
One of Cyprus’ goals is to attract special interest tourism which is huge market but it takes time, specialisation and targeted actions, Deputy Minister for tourism, Savvas Perdios, said on Wednesday.

Tourist Arrivals up by 8% in January Due to Increase in UK Flow 19/02/2019
The significant increase in arrivals mainly from the United Kingdom has boosted tourist arrivals in Cyprus in January 2019. The Travelers Survey conducted by the Statistical Service of Cyprus and published on Monday, showed that arrivals of tourists in January 2019 reached 81,970 compared to 75,867 in January 2018, recording an increase of 8.0% and were the highest ever recorded in January.

Tourist Arrivals Reach Record High in January Due to Increase of UK Tourists 18/02/2019
Tourist arrivals in January set a new record for the month, rising an annual 8% to 81,970 in January 2019 compared to 75,867 in January 2018, latest Passenger Survey figures show.

EC: Cyprus’ GDP Expected to Reach 3.3% in 2019 07/02/2019
Cyprus’ GDP growth is expected to reach 3.8% in 2018 following 4.2% in 2017, according to the winter interim economic forecast, issued today by the European Commission. According to the forecast GDP growth is expected at 3.3% in 2019

Launch of Hellas Sat 4 a New Chapter in Space History of Cyprus and Greece, Minister says (video) 06/02/2019
The launch of Hellas Sat 4 communication satellite opens a new chapter in the space history for Cyprus and Greece, Minister of Communications Vassiliki Anastasiadou has said from the Kourou Space Centre in French Guiana, where Hellas Sat 4 successfully launched last night.

Hiking in Cyprus - Walk Towards Inner Peace! 05/02/2019
When it comes to Hiking, Cyprus offers countless nature trails that stretch from one end of the Island to the other.
 

Cyprus Award for World’s Best Teacher 05/02/2019
Award-winning ‘best teacher of the world’, Andria Zafirakou, will be in Cyprus for a unique presentation. The Youth Organisation of Cyprus is honouring Andria Zafirakou who, according to the Varkey Foundation, is the best teacher of the world on Friday, February 15, at the Pallas Cinema Theatre in Nicosia. Zafirakou stood out among 30,000 teachers and was honoured with the 2018 Global Teacher Prize (2018).

Global Finance Magazine Ranks Cyprus as World’s 32nd Safest Country in the World 04/02/2019
Cyprus has been ranked as the 32nd safest country in the world according to Global Finance magazine. It scored 8.88 on the magazine’s Safety Index which covered 128 countries. Iceland was top of the list as the safest with a score of 6.16 followed by Switzerland and Finland.

Property Sales Continue to Rise 04/02/2019
The number of property sales in Cyprus continued to rise in January 2019 compared to the numbers sold in January 2018 according to official figures published today by the Department of Lands and Surveys.

4 Venetian Bridges in Cyprus That Will Leave You Breathless 01/02/2019
Roudia Bridge although is one of the most beautiful venetian bridges in Cyprus, it is rarely mentioned in tourist guides. Most people know and visit the Treis Elies Bridge and Tzielefos Bridge. Maybe because is more difficult to get their.

Cyprus Ranks 38th Among 180 Countries in Public Sector Corruption (Interactive Map) 30/01/2019
Transparency International placed Cyprus in 38th place among 180 countries in its 2018 Corruption Perception Index.

Pilides Holds Meetings in Egypt to Strengthen Cooperation 25/01/2019
Maritime cooperation between Cyprus and Egypt is set to be strengthened even further, after meetings Deputy Minister of Shipping Natasa Pilides held in Egypt with Egyptian Minister of Transportation Hesham Arafat and Chairman of the Suez Canal Authority Admiral Mohab Mohamed Hussein Mamesh, in Cairo and Ismailia.

Cyprus Ranks 48th out of 95 Countries in Bloomberg’s Innovation Index 25/01/2019
Bloomberg placed Cyprus in 48th place out of 95 countries in its 2019 Innovation Index.

Cyprus Smashes Annual Tourism Arrivals Record 21/01/2019
Cyprus annual tourist arrivals spiked 7.8 per cent in 2018 with the total for 2018 reaching 3.93 million smashing its previous record, official figures showed Thursday.

Cyprus Ranks 3rd Most Friendly Family Destination for Beach Holidays in Europe 10/01/2019
Cyprus has been ranked the third most family friendly destination in Europe for a beach holiday, according to the Family Beach Index compiled by British travel firm On The Beach.

Cyprus Passport Ranked 16th Worldwide for Travel Access 10/01/2019
Cyprus’ passport was ranked 16th worldwide in terms of global access, according to the Henley Passport index. Holders can travel without visa to 173 countries in the world and require visas for 53.

President Anastasiades Receives Award By Slovenian President 09/01/2019
Cyprus President Nicos Anastasiades was presented on Wednesday 9 January with an award by the Slovenian President Borut Pahor, during his official visit to the country. According to an announcement, the President, accompanied by his wife Andri and the members of the Cyprus delegation, arrived in the morning at Constitution Square in the capital of Slovenia, Ljubljana, where he was welcomed by the President of the country. A military guard was presenting honors.

Cyprus 37th in Forbes’ Best Countries for Business list 20/12/2018
Cyprus is ranked 37th in the Forbes’ ‘Best Countries for Business’ list for 2019. The United Kingdom is Forbes’ ‘Best Country for Business’ for 2019, while the Central African Republic is in the last place.

UK and Cyprus Agree Amendment to the 2018 Double Tax Convention 20/12/2018
The UK and Cyprus governments have agreed an amendment to the 2018 Double Taxation Convention in response to concerns by British nationals about one of its provisions in respect of government service pensions. The amendment will allow individuals to choose which basis of taxation they want to apply to their government service pensions. This choice can be made from 1 January 2019 until 31 December 2024.

Cyprus Still Breaking Tourism Arrival Records in November 17/12/2018
Cyprus recorded record tourist arrivals in November with a rise of almost ten per cent over November 2017, Cystat said on Monday.

Winter Sceneries in Cyprus that will Leave You Breathless 17/12/2018
Cyprus during winter can be as magical as in summer. The fog, the winter colors of nature, the abandoned buildings and the wild sea create spooky sceneries directly taken from thriller movies. Enjoy!

Cyprus GDP Grows by 3.7% in Q3 10/12/2018
GDP growth rate in real terms, during the third quarter of 2018, is estimated at 3.7% over the corresponding quarter of 2017, according to data released on Friday by the Statistical Service of Cyprus.

Prosperity Index: Cyprus 28th Most Prosperous Country in the World 29/11/2018
Cyprus is the 28th most prosperous country in the world according to the latest Legatum Prosperity Index. Legatum measured the prosperity of 149 world countries according to their economic, quality, business environment, social capital, governance, education, health, safety and security, personal freedom and natural environment.

The Neapolis University and the European Parliament office in Cyprus are joining forces 27/11/2018
A meeting of Mr. Andreas Kettis, head of the European Parliament office in Cyprus, with the Rector of the Neapolis University in Cyprus, Professor Pantelis Sklias, members of the academic and administrative staff, as well as representatives of the students, was held today.

Cyprus Upgraded to Investment Grade by DBRS 26/11/2018
Cyprus has been upgraded back to investment grade by DBRS Ratings Limited, following recent upgrades from Standard & Poor’s and Fitch Ratings, the Cyprus News Agency reported on Saturday.

Chamber of Commerce says Economy Must Focus on Innovation 22/11/2018
Cyprus needs a new economic model which utilises both the traditional sectors and strengthens the role of young people if it wants to get ahead, the head of the chamber of commerce and industry (Keve) Christodoulos Angastiniotis said on Wednesday.

Four-Day Challenge Helps Boost Winter Tourism in Paphos 20/11/2018
Hundreds of runners will descend on Paphos ahead of the Cyprus International four day challenge that will take place in the coastal town this week and go some way to help to boost winter tourism, according to organisers.

Unemployment Decreases in October 05/11/2018
The unemployed persons, registered at the District Labour Offices on the last day of October 2018, reached 20,447 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for October 2018 decreased to 24,922 persons in comparison to 25,399 in the previous month., according to data released by the Statistical Service of Cyprus.

Fitch Upgrades Cyprus to Investment Grade 22/10/2018
Fitch Ratings has upgraded Cyprus’ sovereign rating to investment grade, ‘BBB-‘ from ‘BB+’, with a stable outlook as the island expects a 2.7 per cent fiscal surplus this year and continuous growth that will boost receipts. The upgrade followed similar action by Standard and Poor’s last month.

Cyprus Property Market On the Up 17/10/2018
REAL ESTATE experts believe the Cyprus property market is on the up The House Price Index (HPI) reached 103.98 units for the second quarter of the year, increasing by 0.6% compared to the first three months of 2018. The year-on-year increase of the index stands at 1.2% continuing the positive trend of the past few years, pleasing Real Estate specialists.

Cyprus Launches ‘Olivewood’ Aiming to Develop Film Industry 11/10/2018
With an aim to attract investors to its audiovisual industry, Cyprus launched “Olivewood”, as it has called its effort to establish itself internationally as a vast and varied film studio.

Continuing Rise in Property Sales 11/10/2018
DURING September 2018, the number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus rose 14% compared to September 2017 according to official figures published earlier today by the Department of Lands and Surveys. Property sales have been rising for 17 consecutive months and this September rise follows a rise of 14% in August, 21% in July and 2% in June.
 

Cyprus Records the Largest Unemployment Annual Fall in the EU 02/10/2018
Cyprus registered, once again, the largest annual decrease in unemployment for August 2018, according to Eurostat, the statistical office of the European Union.

The Most Beautiful Medieval Castles of Cyprus 02/10/2018
The Medieval history of Cyprus starts with the division of the Roman Empire into an Eastern and Western half. Because of its reach Medieval history, Cyprus is full of castles and sites most of them in a very good condition.

Cyprus Casinos (C2) Celebrates Official Opening 26/09/2018
Cyprus Casinos “C2”, the first licensed casino in the Republic of Cyprus will host two events on 25th and 26th September 2018 to celebrate its official opening.

Anastasiades: Cyprus Achieved Remarkable Recovery after Economic Crisis 24/09/2018
President of the Republic Nicos Anastasiades has said that what Cyprus has achieved following the financial crisis is “nothing short of a remarkable recovery, confirming the resilience and strong foundations of Cyprus’s economy and the excellent prospects of its key productive sectors.”

Invest Cyprus Presents Investment Opportunities in Cyprus in view of Brexit 21/09/2018
The Cyprus Investment Promotion Agency (Invest Cyprus), presented the investment opportunities that Cyprus can offer in view of Brexit, in an event that took place in London, on the future of Europe and Cyprus. The event, which was co-organised by the Agency and Bloomberg, took place on Friday, 21stSeptember at the new headquarters of the international news agency, under the auspices of the President of the Republic, Nicos Anastasiades.

Cyprus Raises €1.5 billion from Ten-Year Bond 19/09/2018
The Republic of Cyprus has issued a ten year European Medium-Term Note (EMTN) which was oversubscribed by more than five and a half times. The Republic raised €1.5 billion with an interest rate of 2.4%.

Cyprus and Egypt Sign Agreement for Subsea Gas Pipeline 19/09/2018
Cyprus and Egypt sign an inter-state agreement concerning a subsea pipeline to carry Cypriot natural gas to Egypt. Cyprus’ Energy Minister Yiorgos Lakkotrypis and his Egyptian counterpart Tarek El Molla met on September 18 in Nicosia with the President of Cyprus, Nicos Anastasiades, to inform him about the conclusion of the deal.

Tourist Arrivals Increase by 2.1% 19/09/2018
On the basis of the results of the Passengers Survey, arrivals of tourists reached 534,847 in August 2018 compared to 523,651 in August 2017, recording an increase of 2.1%. August 2018 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month, according to data released by the Statistical Service of Cyprus.

S&P Raises Cyprus Credit Rating to BBB- back to Investment Grade 17/09/2018
Standard & Poor’s Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Cyprus to ‘BBB-/A-3’ from ‘BB+/B’ with a stable outlook.

Cyprus Growth Rate Affirmed at 3.9% in Q2 2017 13/09/2018
Τhe GDP growth rate in real terms during the second quarter of 2018 is positive and estimated at +3.9% over the corresponding quarter of 2017. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at +3.9%, according to data released by the Statistical Service of Cyprus.

Egypt's Parliament to Ratify Liberalisation of Flights Bilateral Agreement with Cyprus 13/09/2018
Speaker of the House of Representatives of Egypt Ali Abdel Aal, who is paying Cyprus an official visit, has told Pafos Mayor Phedonas Phedonos that his country’s parliament would discuss and ratify within the coming weeks a bilateral agreement with Cyprus on the liberalisation of flights from and towards Alexandria and Cairo airports, a Pafos municipality press release says.

Cyprus’ Sovereign Ratings Upgraded to ‘BB’ 11/09/2018
Capital Intelligence Ratings, the international credit rating agency, has announced that it has upgraded the Republic of Cyprus’ Long-Term Foreign Currency Sovereign Rating to ‘BB’ from ‘BB-’ and affirmed its Short-Term Foreign Currency Rating at ‘B’. At the same time, the Outlook for Cyprus’ ratings has been affirmed at ‘Positive’.

Cyprus Again Registers Largest Unemployment Drop in EU 31/08/2018
Unemployment rates in Cyprus dropped further to 7.7% in July 2018, from 7.9% in June 2018, according to Eurostat, the statistical office of the European Union.

Prodromou: Cyprus is on the Way to Investment Grade 22/08/2018
Cyprus is on its way to regain investment grade status, Government Spokesman Prodromos Prodromou said. He was speaking to the press after the Cabinet’s meeting which reviewed the first six months of the second term in office of President Nicos Anastasiades` administration. The Council of Ministers was briefed by the Finance Minister on developments in the economy.

Over Half a Million Tourists in Cyprus in July 2018 21/08/2018
On the basis of the results of the Passengers Survey, arrivals of tourists reached 539,626 in July 2018 compared to 531,030 in July 2017, recording an increase of 1.6%. July 2018 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month.

Moody’s Upgrades Cyprus’ Ratings To Ba2 From Ba3 17/08/2018
Moody`s Investors Service upgraded the government of Cyprus’ long-term issuer rating to Ba2 from Ba3, as reported by audit, tax and advisory specialist Costas Tsielepis & Co.

Cyprus GDP growth rate is positive and estimated at +3.9% 14/08/2018
GDP growth rate during the second quarter of 2018 is positive and estimated at 3.9%. According to the Flash Estimate compiled by the Statistical Service, the GDP growth rate in real terms during the second quarter of 2018 is positive and is estimated at +3.9% over the corresponding quarter of 2017.

Herbs and Spices of Cyprus 13/08/2018
In Cyprus exist more than 600 different types of spices and herbs. Herbs and spices are important for the locals thourghout history. They are not only used for food preparation but also for medical purposes.

Company registrations up 11% in July 08/08/2018
The number of company registrations rose in July 11 per cent to 1,446 compared with the respective month of 2017, defying tighter anti-money laundering measures, restrictions against shell companies, and sanctions, the office of the registrar of companies and official receiver said.

Cyprus and UK Signed a New Double Tax Treaty 30/07/2018
Recently, Cyprus and UK have signed a new double tax treaty which replaces the existing treaty signed between two countries since 1974. It is expected that the new treaty will soon be ratified and therefore it will take effect as from 1st January 2019 in Cyprus.

Survey shows Cyprus 4th most popular destination for Russians 20/07/2018
Cyprus is the fourth most popular tourist destination among Russians this summer according to a survey carried out by the new agency Ria Novosti — up two places from sixth last year.

Tourist Arrivals Increase by 8.2% 18/07/2018
On the basis of the results of the Passengers Survey, arrivals of tourists reached 511,073 in June 2018 compared to 472,450 in June 2017, recording an increase of 8.2%. June 2018 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month. 

Parliament approves creation of tourism ministry 18/07/2018
Parliament on Tuesday passed a law establishing a junior ministry for tourism, scheduled to begin operating in January next year.

24 % Rise in Cyprus property sales in January – June 2018 09/07/2018
During the first half of 2018 the number of contracts for the sale of property deposited at Land Registry offices has risen 24% to 4,470 compared to the 3,610 deposited during the first half of 2017 and  the number of property sales contracts during June 2018 rose by 2 per cent compared to June 2017. This follows increases of 23% in May, 29% in April and 23%.

Brexit minister: Cypriots welcome in the UK 02/07/2018
Brexit parliamentary under-secretary Robin Walker has reassured Cypriots living in the UK by virtue of their EU membership that they are welcome in the UK.

Cyprus is the top ranking island in the EU for the number of Blue Flags with a total of 62! 25/06/2018
A Blue Flag is a certification that a beach meets standards in water quality, safety, environmental education and information, the provision of services and environmental management criteria.

Anastasiades: Cyprus Economy is on the Right Track 20/06/2018
President Nicos Anastasiades spoke at the 7th CIPA International Investment Awards on June 19 about the importance of investment in Cyprus. 

Cyprus Tourist arrivals up 7.6% in May 2017 18/06/2018
Tourist arrivals rose in May by 7.6 per cent to 450,955 compared to the respective month of 2017 as secondary markets offset a decline in Russian visitors, the statistical service said on Monday.

Cyprus’ GDP Grows 4% in Q1 2018 12/06/2018
Cyprus' GDP increased by 4% in the first quarter of 2018, over the corresponding quarter of 2017, higher than the initial estimation.

Temporary casino opens soon 11/06/2018
A temporary casino in Limassol is set to open its doors to the public on June 28 after receiving its licence earlier this week, it was announced on Friday.

Pantelis Leptos : Unprecedented interest in investment in Cyprus 08/06/2018
Pantelis Leptos, Chairman of Cyprus Land and  Building Developers Association said that that while investor interest in real estate on the island is unprecedented thanks to the state’s efforts, the government is ready to discuss ways to speed up the issue of Title Deeds. 

Cyprus Unemployment Down To 8.6% in April 2018, the Largest Decrease in the EU 05/06/2018
The euro area (EA19) seasonally-adjusted unemployment rate was 8.5% in April 2018, down from 8.6% in March 2018 and from 9.2% in April 2017. This is the lowest rate recorded in the euro area since December 2008. The EU28 

Cyprus property sales up 29% in May 04/06/2018
The number of property sales in Cyprus continued to rise in May with the number of sales contracts deposited at Land Registry Offices across the Republic up 29 per cent compared with May 2017.
 

Seven dog beaches in Cyprus this summer 03/06/2018
Dog owners have seven beaches to take their four-legged friends for a swim. The Central Beach Committee has designated two beaches each in Paphos and Limassol and one each in Nicosia, Larnaca and Paralimni as open to dogs. Owners are urged to take care for the safety of people and dogs, and to adhere to rules of hygiene, cleanliness and respect for the environment.

DBRS upgrades Cyprus’ long-term foreign and local currency 29/05/2018
DBRS Ratings Limited has upgraded Cyprus’ long-term foreign and local currency – issuer ratings from BB (low) to BB and maintained the positive trend.

Economic Growth is Projected at 3.8% in 2018 and 3.6% 2019 29/05/2018
Following the recent DBRS sovereign rating upgrade on the Republic of Cyprus, DBRS notes that “The upgrade is driven by the reduction in Cypriot banks’ non-performing loans (NPLs) and Cyprus’s better-than-expected fiscal performance.

Coral Bay Beach – Blue Flag 23/05/2018
A coast that ranks amongst the loveliest of the region. Located in the Pafos (Paphos) region in Pegeia – a thriving tourist resort – the 500-metre long, Coral Bay Beach is considered to be one of the loveliest coasts of the area.

High Growth Rates and Surpluses Projected In Cyprus by SFPF 22/05/2018
High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved on Monday 21 May by the Council of Ministers.

Tourist Arrivals Record Increase Between January - April 18/05/2018
Tourist arrivals for the period of January-April 2018 totaled 683.581 compared to 572.024 in the corresponding period of 2017, recording an increase of 19.5% and outnumbering the total arrivals ever recorded in Cyprus during the first four months of the year, according to data released on Thursday 17 May by the Statistical Service.

Cypriot Economy Grew By 3.8% of GDP in the First Quarter Of 2018 16/05/2018
Cyprus growth rate in the first quarter of 2018 ending in March 31 reached 3.8% year on year, maintaining the momentum from 2017 where growth rate amounted to 3.9%, date released by the Cyprus Statistical Service (Cystat) show.

C. Ballantyne: Casino will boost Cyprus tourism 14/05/2018
In a recent interview, Craig Robertson Ballantyne, property president of City of Dreams Mediterranean and Casinos, told Phileleftheros newspaper that the Limassol casino will not lag behind casinos of other, neighbour countries.

Cyprus property: biggest in Europe 10/05/2018
Did you know that the average size of a Cyprus property is the largest in Europe, while properties in Romania are the smallest according to the dwelling size statistics published by Eurostat.

A new era for Limassol port 04/05/2018
Since then over 91,000 passengers were served and 11 cruise lines berthed 85 ships last year. This marked “a new page in the history of the Cypriot economy” Anastasiades said and “a new era for the Limassol Port and the tourist and maritime industry at large.”

Anastasiades off to Egypt for launch of ‘diaspora return’ progamme 30/04/2018
President Nicos Anastasiades departs for Alexandria, Egypt, on Monday to launch the “Nostos The Return” initiative together with Egypt’s President Abdel Fattah el-Sisi and Greek President Prokopis Pavlopoulos.

HB: Cypriot Economy Expected to Grow by 4.2% in 2018 24/04/2018
Hellenic Bank estimates that the Cypriot economy will grow at a rate of 4.2% in 2018. Growth is expected to be supported by private consumption and investment and by an improving and robust labour market. Unemployment is expected to decline to 9.2% in 2018, while inflation to remain at relatively low levels, at around 0.5%.

Fitch upgrades Cyprus to one step below investment grade 23/04/2018
Fitch has upgraded its rating on Cyprus’ to ‘BB+’ from ‘BB’ because of the country’s strong cyclical economic recovery and prudent fiscal policy.

Cyprus Records Lowest Annual Inflation Rate in the Euro Area 19/04/2018
Euro area annual inflation rate was 1.3% in March 2018, up from 1.1% in February. A year earlier, the rate was 1.5%. European Union annual inflation was 1.5% in March 2018, up from 1.4% in February. A year earlier the rate was 1.6%. These figures are published by Eurostat, the statistical office of the European Union.

29,3% Increase in Tourist Arrivals for the period Jan-Mar2018 18/04/2018
On the basis of the results of the Passengers Survey, arrivals of tourists reached 192,090 in March 2018 compared to 140,873 in March 2017, recording an increase of 36,4%. March 2018 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month.

Easter: one long whirl of tradition 05/04/2018
Here in Cyprus, it’s Easter that’s the most wonderful time of the year! One long whirl of tradition, celebration, and reunion, Easter is a beloved national holiday which sees families flood back home in anticipation of this special time…

Athens International Airport Welcomes First Cyprus Airways Flight from Larnaca to Athens 30/03/2018
Cyprus Airways first flight to Athens departed from Larnaca at 3:00 in the afternoon and landed in Athens at 4:45. Athens International Airport welcomed Cyprus Airways aircraft with the ceremonial water cannon salute, followed by the “ribbon bonding” ceremony for the official guests and passengers, at the A5 Gate, symbolizing the air link between the two countries.

Cyprus and UK Sign New Treaty for Double Taxation Elimination 23/03/2018
A new Convention for the elimination of double taxation with respect to taxes on income and on capital gains and the prevention of tax evasion and avoidance was signed on Thursday in Nicosia, between the Republic of Cyprus and the United Kingdom.

ENI-Total might extend gas search in blocks 6 and 11 22/03/2018
The consortium of ENI and Total is considering searching for more natural gas in offshore blocks 6 and 11, a senior executive of the Italian firm said on Wednesday.

Tourist Arrivals Up By 23.4% in February 2018 20/03/2018
The number of tourists arriving in Cyprus reached 101,481 in February 2018 compared to 82,209 in February 2017, recording an increase of 23.4%, on the basis of the results of the Passengers Survey, published on Monday 19 March by the Statistical Service of Cyprus.

Standard & Poor’s Affirms 'BB+/B' Credit Rating on Cyprus 19/03/2018
Standard & Poor’s has affirmed their 'BB+/B’ long-term and short-term foreign and local currency sovereign credit ratings on Cyprus, while noting that the outlook is positive.

Outlook of Cypriot banks supported by economic recovery says Moody’s 15/03/2018
Moody’s Investors Service said that Cyprus’ economy will continue to expand at a fast pace which in turn is likely to help borrowers’ repayment capacity and support the value of assets and new lending, helping banks improve their performance and reduce their non-performing loans stock.

Company registrations up 25% in February 15/03/2018
The number of company registrations, an indicator of the performance of the business services sector, rose in February 25 per cent to 1,207 compared to the respective month of 2017, the Department of the Registrar of Companies and Official Receiver said.

Cyprus : Strong growth in property sales 06/03/2018
THE DEPARTMENT of Lands and Surveys reports that the number of property sales contracts deposited at Land Registry offices across Cyprus in February 2018 rose 46 per cent compared to February 2017.

Tourism Revenue Records an Increase of 11.7% 06/03/2018
On the basis of the results of the Passenger Survey, revenue from tourism reached €55.8 mn in December 2017 compared to €50.9 mn in the corresponding month of the previous year, recording an increase of 9.6%.

CI: Outlook for Cyprus’ Ratings Revised to ‘Positive’ 05/03/2018
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, has announced that it has affirmed the Republic of Cyprus’ Long-Term Foreign

Cyprus Records Its Highest Fiscal Surplus Since 2007 01/03/2018
Cyprus registered in 2017 a budget surplus of €360.7 million amounting to 1.9% of GDP, marking the highest surplus in the last decade. This is the highest surplus since 2007 when the surplus amounted to €505.

Double Taxation Agreements 20/02/2018
A constructive use of the Cyprus Treaties’ Network has rendered considerable advantages to businesses and individuals who have chosen to establish legal entities in Cyprus.

Cyprus Economy is on the right track 16/02/2018
Finance Minister Harris Georgiades commented on February 14 on positive official data released on Cyprus’ growth for 2017 noting that they show that “we are on the right track.”

New cabinet announced 13/02/2018
President Nicos Anastasiades announced on Tuesday the composition of his new government. He added seven fresh faces, including three women. The President appointed Government Spokesman Nicos Christodoulides as head of the Foreign Ministry and kept Finance Minister Harris Georgiades in the same post.

Casino resort website launches 12/02/2018
The Integrated Resorts Cyprus Consortium launched on Monday the official website of the City of DreamsMediterranean casino resort, which is expected to be up and running in 2021.

Saudi Arabia set to open embassy in Nicosia 12/02/2018
The cabinet is set to approve in its next meeting the opening of an embassy of Saudi Arabia in Cyprus, it was reported on Monday.

Eni made important gas discovery in block 6, minister says 09/02/2018
Italy’s energy giant Eni said that it made a lean gas discovery off the coast of Cyprus after drilling an exploratory well at Calypso, the target of exploration in block 6 of the island’s exclusive economic zone (EEZ).

Property sales make a good start in 2018 06/02/2018
THE DEPARTMENT of Lands and Surveys reports that the number of property sales contracts deposited at Land Registry offices across Cyprus in January 2018 rose 64 per cent compared to January 2017.

80 Leading Law Firms in Cyprus 06/02/2018
Cyprus is widely recognised as a centre of excellence as regards the provision of professional services. With an abundance of highly-skilled and experienced multilingual professionals, the island offers a full range of modern, advanced professional services at competitive rates.

Re-elected president Nicos Anastasiades calls for unity in victory speech 05/02/2018
Everyone must work together as of tomorrow to tackle all the problems plaguing the country, President Nicos Anastasiades said on Sunday after being re-elected for a second term.

Economic Sentiment in Cyprus Increases in January 2018 02/02/2018
Economic sentiment in Cyprus strengthened as the Economic Sentiment Indicator (ESI-CypERC) increased in January 2018 by 3.3 points compared with December 2017.

Anastasiades and Malas in the Second Round for Cyprus Presidency 30/01/2018
Incumbent President Nicos Anastasiades and independent presidential hopeful Stavros Malas will lead the race next Sunday in the runoff election for the eighth president of the Republic of Cyprus.

Cyprus ranks 64th (up 19 places) in Global Competitiveness Index 24/01/2018
As world leaders gather this week to the Swiss ski resort of Davos for the annual World Economic Forum, among the issues they will discuss will be global economy.

Property Sales in Cyprus Up For Fourth Year in a Row in 2017 24/01/2018
Residential property sales increased in 2017 for a fourth year in a row and prices have also been rising making the outlook for 2018 one of the most positive for years.

Applications for Registration of New Companies Increase in 2017 19/01/2018
The number of applications for the registration of new companies in Cyprus increased for the fourth consecutive year in 2017, according to the Department of the Registrar of Companies and Official Receiver.

Cyprus sees impressive increase in tourist arrivals during 2017, CTO says 19/01/2018
Tourist arrivals in Cyprus recorded an impressive increase in 2017, according to the Cyprus Tourism Organisation (CTO), which said that figures show that Cyprus has been established as a popular and successful tourist destination.

Island’s first casino resort to open its doors in 2021 10/01/2018
By 2021, Cyprus’ first integrated casino resort will open its doors to the public, in an investment totaling €550m, it was revealed on Tuesday. Presenting the finalised plan

2017 a better year for property sales 09/01/2018

Property sales in Cyprus rose 24 per cent during 2017 according to official statistics published by the Department of Lands and Surveys. This follows an annual rise of 43 per cent in 2016, 9 per cent in 2015 and 20 per cent in 2014.

Cyprus property taxes in 2018 09/01/2018
RECENT changes to property taxes in Cyprus include the imposition of VAT on the sale of undeveloped building land intended for the construction of building(s) and changes to the VAT payable on the acquisition/construction of a property to be used as the purchaser’s primary and permanent residence.

Cyprus and Saudi Arabia Sign Double Tax Agreement 05/01/2018
The Ministry of Finance has announced that Cyprus has signed a double tax agreement with Saudi Arabia with respect to taxes on income and for the prevention of tax evasion.

Anastasiades: Meeting with Saudi King Salman was Extremely Productive 04/01/2018
Cyprus President Nicos Anastasiades praised the productive meeting he had with the King of Saudi Arabia Salman bin Abdulaziz al Saud on January 3 in Riyadh.

Government generates €482.1m surplus in 11 months 02/01/2018
The government generated a fiscal surplus of €482.1m in the first eleven months of the year or 2.5 per cent of economic output, the statistical service said on Friday. The surplus compares to €88.5m or 0.5 per cent of economic output for the same period in 2016

Cyprus ready for all outcomes as drilling programme commences 29/12/2017
Energy Minister Yiorgos Lakkotrypis said on Thursday he is prepared for all possible outcomes of the island’s oil and gas exploratory programme, which includes four test drillings in the exclusive economic zone (EEZ) next year.

November tourist arrivals up 17%, Cystat says 29/12/2017
The number of tourist arrivals in November rose 17 per cent to 144,676 compared to the respective month of 2016 as all major markets performed strongly, the statistical service said.

Anastasiades the first Cyprus President to visit Saudi Arabia 28/12/2017
President of the Republic of Cyprus, Nicos Anastasiades, will be in Saudi Arabia on the January 2, to pay the first visit by a Cypriot President to the country.

Cyprus GDP 0.9% Increase on Quarterly and 3.9% on Annual Basis in Q3 2017 08/12/2017
Seasonally adjusted GDP raised by 0.6% in both the euro area (EA19) and the EU28 during the third quarter of 2017, and by 0.9% in Cyprus compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union.

President Nicos Anastasiades: Government Promotes New Investment Law 07/12/2017
President of the Republic Nicos Anastasiades has said that the government is promoting a new investment law to boost investments in the country.  

Tourist Arrivals to Exceed 3.6 Million in 2017 06/12/2017
Tourist arrivals in 2017 will exceed 3.6 million, Cyprus Tourism Organization (CTO) President Angelos Loizou has said, stressing that the performance of the tourism sector has again created a demand for additional beds in the tourist industry.

November property sales up 39% 05/12/2017
Property sales in Cyprus rose 39 per cent in November compared with November 2016 with sales increasing in all districts according to official figures from the Department of Lands and Surveys.

Georgiades says economy in ‘virtuous circle,’ to grow 4% this year 04/12/2017
Finance Minister Harris Georgiades said the Cypriot economy will expand 4 per cent this year, up from a previous forecast of 3.5 per cent, and will continue growing an average 3 per cent over the next three-year period.

Opportunities for Cyprus from Brexit 04/12/2017
Brexit can create opportunities, given that Cyprus’ membership of the EU and of the Eurozone, the Cypriot legal system which is based on English law, the low tax environment,

Cyprus Airways announces six new destinations to its network for 2018 20/11/2017
Larnaca, Cyprus – Cyprus Airways announces six new destinations to its network for summer 2018 from Larnaca Airport. Flights to Athens, Munich, Prague, Stuttgart, Verona and Zurich are available to book from 3rd November 2017.

Tourist arrivals up 14% in October to new record, Cystat says 20/11/2017
Last month was the best October ever in terms of tourist arrivals which rose 14 per cent compared to the same month of 2016 to 406,870, the statistical service said.

Cypriot Economy Grew By 3.9% in Q3 15/11/2017
The economy of Cyprus grew by 3.9% in the third quarter of the year, Finance Minister Harris Georgiades announced on Tuesday 14 November.

Majority of Tourists Express Full Satisfaction with Holidays in Cyprus 15/11/2017
The survey, presented today in Nicosia, reported that the sunny weather, the sea, the tranquillity and attractiveness of the environment, the local hospitality and the services offered are the main reasons why foreigners choose Cyprus for their holidays.

Lakkotrypis Addresses Cyprus-UK Business Event in London 10/11/2017
The Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis presented the benefits of Cyprus as an investment destination during a business event organised in London on Tuesday 7 November evening to coincide with his presence in the city for this year’s World Travel Market, the Cyprus News Agency reports.

Total to begin operations soon in block 6 of Cyprus’ EEZ 05/11/2017
French energy giant Total will soon begin operating in block 6 of Cyprus` Exclusive Economic Zone (EEZ) it was announced on Sunday evening after a meeting President Nicos Anastasiades

Cyprus property sales up 21% January - October 03/11/2017
THE NUMBER of property sales during October rose 18 per cent compared to October 2016 according to official statistics published by the Department of Lands and Surveys earlier today.

Fitch upgrades Cyprus long term foreign currency to BB 23/10/2017
Fitch Ratings has upgraded Cyprus’ long-term debt in foreign currency by one notch to ‘BB’, one upgrade short of an investment-grade rating, it announced on Saturday.

Cyprus’s 2016 fiscal surplus, public debt among highest in EU 23/10/2017
Cyprus was among the seven best achievers in the European Union last year in producing a fiscal surplus and remained the member state with the fifth highest government debt as a percentage of economic output, the European Commission’s statistical office said.

Passport investment scheme a 'useful tool' to boost economy 23/10/2017
The government does not directly receive any cash from the citizenship-through-investment scheme, the finance minister said on Monday.

President seeking to boost Russian investment in Cyprus 23/10/2017
Sixty of Russia’s top entrepreneurs have cleared a space in their packed diaries for a dinner in Moscow tomorrow evening where President Anastasiades will brief them on investment opportunities in Cyprus.

Cyprus Inflation At 0.1% in September 2017, the Lowest Rate in the EU 19/10/2017
Euro area annual inflation was 1.5% in September 2017, stable compared with August 2017. In September 2016 the rate was 0.4%, according to Eurostat, the statistical office of the European Union.

Tourist Arrivals Increase 14.8% in September 18/10/2017
Tourist arrivals hit new record high in September with an increase of 14.8% compared to the same month of 2016. On the basis of the results of the Passengers Survey released Tuesday 17 October by the Statistical Service of Cyprus,

Kuwait, Cyprus work tax, air service pacts 16/10/2017
KUWAIT CITY, Oct 14: Kuwait and Cyprus have established a very close relationship which they have been cultivating for over half a century now, Minister of Foreign Affairs of the Republic of Cyprus Ioannis Kasoulides told the Arab Times

Cyprus and Jordan to set up joint working group with a view to conclude bilateral agreements 12/10/2017
Foreign Ministers of Jordan and Cyprus, Ayman Safadi and Ioannis Kasoulides ,stressed the significance of concluding a Double Taxation Avoidance Agreement and an Aviation Agreement

Georgiades Describes ECB Review as 'The Most Positive' Since 2013 03/10/2017
Finance Minister Harris Georgiades has described the conclusions of the latest European Commission and European Central Bank review of the Cyprus economy as the most positive ones since 2013.

Government Records 2.4% of GDP Fiscal Surplus in First Eight Months 03/10/2017
The government recorded a fiscal surplus of €431.5m, or roughly 2.4 per cent of GDP, on a cash basis in the first eight months of the year, compared to €12.1m in 2016, the finance ministry said. The government initially aimed at

Anastasiades Invites China to Invest in Cyprus and Promote the Silk Maritime Road Initiative 02/10/2017
President of the Republic of Cyprus Nicos Anastasiades praised on Wednesday 27 September the principled stance of Beijing vis-à-vis settlement efforts on the island, aiming to turn Cyprus into a “normal state”.

Pantelis Leptos: Discussing With Troika The Issues In Cyprus’ Economy And Real Estate Sector 01/10/2017
Troika representatives (IMF, European Commission, ECB), in the framework of the third post monitoring mission in Cyprus, met on Thursday 28 September with the Cyprus Land and Building Developers Association (LBDA).

New Record With 3.6 Million Tourist Arrivals in 2017 28/09/2017
The Cyprus Tourism Organisation (CTO) said on Tuesday 26 September, that tourist arrivals are projected to exceed 3.6 million, breaking a new all-time record, following a record-breaking 2016 tourist season.

Cyprus Finance Minister welcomes Standard & Poor’s nod of credit rating approval 18/09/2017
Finance Minister Harris Georgiades welcomed on Saturday the latest rating by Standard & Poor’s (S&P) that placed the sovereign credit rating outlook of Cyprus from stable to positive.

Cyprus Economy’s growth rate in 2017 would reach 3,5% Going Through Third Year of Recovery 07/09/2017
Finance Minister Harris Georgiades has said that he is satisfied with the state of the economy, noting that the growth rate in 2017 would reach 3.5%.

August property sales up 27 per cent 06/09/2017
The number of property sales in Cyprus during August rose 27 per cent compared to August 2016 according to official statistics published by the Department of Lands and Surveys earlier today.

Cyprus and Greece amongst the top 20 of the World’s Healthiest Countries of 2017 04/09/2017
This year Bloomberg published the ranking of the 50 healthiest countries in the world and results are quite surprising.
 

Greece and Cyprus among Most Changed in Job Mobility in EU 28/08/2017
A social mobility report by Eurofound, the EU Agency for the improvement of living and working conditions, shows that Greece, Cyprus, Finland and Poland have changed the most, having seen massive mobility out of agriculture towards manufacturing and services over the last generation or so.

Moody’s: Record Tourist Arrival Figures A Credit Positive For Banks 24/08/2017
The record-high tourist arrivals, which rose an annual 15 per cent over the past 7-month period edging 2 million is a credit positive for Cypriot lenders, Moody’s Investors Service said.

Georgiades: Cyprus Within Its Economic Targets 24/08/2017
Cyprus’ public finances are completely within the target set and are under control, Minister of Finance Haris Georgiades said after Saturday’s Cabinet meeting, at the presidential retreat in Troodos, where he presented the financial report for the first half of 2017.

Cyprus the safest country in the world for young people 23/08/2017
Cyprus is the safest country in the world for young people out of 184 countries across the globe, according to the latest data published by the World Health Organisation

Cyprus 7th Most Popular Spot in Europe for British Home Buyers 16/08/2017
Cyprus is the seventh most popular European country for Britons looking to relocate or buy a second home, according to property website Rightmove.

Harris Georgiades Hails Strong Economic Growth 16/08/2017
Finance Minister Harris Georgiades says the 3.5% growth in the GDP results reflect “the economy’s strong growth” and notes in a written statement that for yet another quarter, growth is detected in all productive sectors. Public finances remain “under control”, he adds.

Government Total Revenue Increases By 11% in Q2 2017 16/08/2017
On the basis of the preliminary data on the General Government accounts for April-June 2017 published by the Statistical Service of Cyprus, total revenue amounted €1,633.0 mn, 11.0% increase as compared to the corresponding period of 2016,

Number of Applications to Register New Companies Rises To February 2013 Levels 08/08/2017
The number of applications to register new companies rose in July this year to the same level as in February 2013, prior to the “haircut” on deposits, according to figures from the Registrar of Companies and Official Receiver.

Cyprus is amongst the 20 healthiest countries 08/08/2017
Cyprus ranked 18th out of 163 countries, scoring 89.17 out of 100, on the Bloomberg Global Health Index published this March. According to Bloomberg, Cyprus and Singapore, which scored 94.11 and ranked 4th, were the only two non-OECD countries to make it into the top 20.

Ten million passengers using Cyprus airports in 2017 04/08/2017
The number of passengers using the airports at Larnaca and Paphos has already soared to 5.5 million so far this year, while Hermes Airports estimates air traffic will break the 10 million-passenger barrier before the end of 2017.

Cyprus Among Top 10 Sunny Countries To Live In 2017 04/08/2017
Looking for sunny places to live with lots to do? The weather seems to play a crucial role in choice of destination: almost seven out of ten (67%) say the climate in their new home was a factor to consider before moving abroad.

ACTA: Tourist Arrivals Expected To Reach 3.5 Million This Year 02/08/2017
According to the Association of Cyprus Travel Agents (ACTA) Chairman Dinos Kakouras, reservations until October are pretty good and it is important to extend the tourist season well into the winter months and secure reservations for the rest of the year.

Moody’s upgrades Cyprus a notch to Ba3 01/08/2017
Moody’s Investors Service on Friday upgraded Cyprus’s credit rating a notch from B1 to Ba3 which is still three grades into the speculative area, citing the economy’s resilience and a fiscal overperformance.

Finance Ministry: Government Generates Fiscal Surplus of €62.5Mn in H1 2017 01/08/2017
Cyprus government posted a €62.5 million fiscal surplus in the first half of 2017 compared with a deficit of €42.4 million in the respective period of 2016, the Finance Ministry said on Monday, July 31.

Increasing interest from foreign investors 31/07/2017
There appears to be increasing interest for Cyprus alternative investments. Real estate demand from wealthy buyers is active, ranging from the acquisition of top quality houses to office buildings (as an investment – for income).

UCY: Cyprus Economy Expected To Grow In 2017 And 2018 28/07/2017
The expansion of real economic activity in Cyprus is expected to continue at robust rates in 2017 and 2018, according to the Economic Research Centre of the University of Cyprus. In 2017, real GDP is projected to grow by 3.0%.

Satellite Casino Locations Finalised 27/07/2017
The Melco International Developments and CNS consortium responsible for bringing the first casino resort to Cyprus have finalised their choices for the establishment of the temporary casino in Limassol and the four satellite casinos around the island.

Amendments to the definition of tax resident for individuals | July 17, 2017 24/07/2017
As of January 1st, 2017, the Cyprus Income Tax Law is amended with regards to the definition of “resident of the Republic” for individuals. The amendment shall also have effect on other tax laws, to the extent where such laws refer to Cyprus tax resident individuals as these are defined in the Cyprus Income Tax Law.

Cyprus in the list with the 10 most popular destinations for real estate 20/07/2017
A 12-place leap in the TheMoveChannel.com real estate search listings was recorded for Cyprus, re-entering the top ten most popular real estate destinations, based on searches made by international investors.

June arrivals up 14% hitting new record! 18/07/2017
The number of tourist arrivals rose by 14% last month to 472,450 visitors, which is the highest number of tourists ever recorded during June.

Drilling Ship West Capella in Position at Block 11 12/07/2017
The drilling ship “West Capella”, is in position since dawn Wednesday ahead of drilling in Block 11 of the Cyprus Exclusive Economic Zone that will take place by French Total in consortium with Italian Eni which have acquire last March 50% participating interest of Block 11.

CYhere Prepares Internet Platform to Promote Cyprus in China 12/07/2017
“CYhere” is understood to be preparing to launch a modern and user-friendly application for smartphones, tablets and computers in order to promote Cyprus as an attractive investment, tourism and educational destination in China. The new application is ready and will be available to the public before the end of July.

Cyprus Economic Growth Expected To Remain Strong In 2017 10/07/2017
The findings of the second post-programme surveillance (PPS) mission of Commission staff, in liaison with staff from the European Central Bank (ECB), which took place in Cyprus from 27 to 31 March concluded that risks for Cyprus’s capacity to service its debt to the European Stability Mechanism (ESM)

New terminal opens its gates at Limassol port 07/07/2017
A new modern terminal designed to accommodate the largest operating cruise vessels has opened its gates for the first time, operators DP World said.

Limassol Casino to Contribute To the Economy €800M In 2022 05/07/2017
The integrated casino resort planed in Limassol is expected to contribute to the Cypriot economy around €800 mln or 4% of GDP during its second year of operation, in 2022.

Cypriot Passport ranks 12th Worldwide 28/06/2017
The Cypriot passport has scored a passport rank of 12 worldwide, in the list of the Global Passport Power Rank by the Power Index 2017. Germany and Singapore came first with a visa-free score of 159, while Sweden and South Korea came second with a visa-free score of 158.

Fitch says Cyprus’ €850m bond issue reduces refinancing risks 26/06/2017
Cyprus’ €850m bond issue reduces refinancing risks and demonstrates the sovereign`s improved financing flexibility, Fitch Ratings said, although some factors continue to weigh on the island’s sovereign credit profile.

Agreement for casino resort signed 26/06/2017
The Agreement for the establishment of an integrated casino resort in Cyprus was signed during a special ceremony held yesterday in the presence of the Minister of Tourism, Commerce, Industry and Energy, Yiorgos Lakkotrypis.

Cyprus issues advisory for gas drill starting mid-July 26/06/2017
Cyprus on Sunday issued a maritime advisory for a natural gas drill from July to October in a step opposed by Turkey, which challenges the divided island’s jurisdiction to search for hydrocarbons.

Demand for Cyprus’ New 7-Year Bond Highest In Three Years 22/06/2017
Demand from investors for Cyprus’ new 7-year bond issued last Tuesday, June 20 had been the highest since the country’s return to the international bond markets three years ago.

Tourist arrivals hit new record 21/06/2017
Tourist arrivals to Cyprus were up by 14.7% in May, recording a historic high for the month. “On the basis of the results of the Passengers Survey, arrivals of tourists reached 418.732 in May 2017 compared to 364,943 in May 2016, recording an increase of 14.7%,” a Statistical Service press release published by the Press and Information Office reads.

Hopes for six million tourists a year by 2030 20/06/2017
Discussions on a national strategy for tourism will commence in July, with an ambitious plan to have Cyprus an all year tourist destination, attracting over six million visitors annually by 2030, President Nicos Anastasiades said on Monday. 

Roaming Charges across EU Abolished 16/06/2017
Roaming charges for mobile phones across the European Union and the European Economic Area (EEA) were abolished as of June 15, with Cypriot consumers expected to benefit – depending on where they happen to be and how they use their device.

New Double Tax Agreement between Cyprus and Luxembourg 16/06/2017
The new double tax agreement between Cyprus and Luxembourg was recently published on the Luxembourg tax administration's website. The agreement – the first such agreement to be signed by the two countries – closely follows the latest Organisation for Economic Cooperation and Development (OECD) Model Tax Convention for the Avoidance of Double Taxation on Income and on Capital.

Cyprus-Egypt Business Association is Being Established 25/05/2017
Egypt proceeded with forming its part of the Cyprus-Egypt Business Association, after the country’s Trade Minister, Tarek Kadeel, issued a relevant ministerial decree.

Reasons for optimism in construction sector 24/05/2017
Cyprus President Nicos Anastasiades said that the real estate sector is now showing dynamic growth that allows optimism about the future.

Moody’s sees 3.3% growth rate in Q1 as ‘credit positive’ 23/05/2017
Moody’s Investors Service said that the 3.3 per cent annual growth rate of the first quarter announced last Tuesday is a credit positive for Cypriot banks, as it strengthens borrowers’ capacity to repay restructured distressed debt.

Tourist Arrivals Increase by 26.9% 19/05/2017
On the basis of the results of the Passengers Survey, arrivals of tourists reached 286.331 in April 2017 compared to 225.575 in April 2016, recording an increase of 26,9%. April 2017 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month.

Cabinet approves casino deal 19/05/2017
The cabinet on Thursday rubber-stamped the casino licence deal with the only bidder, Melco Hard Rock consortium. “With today’s decision, the council of ministers has completed an ambitious endeavour that started about three years ago,” Commerce and Energy Minister Yiorgos Lakkotrypis said.

Cyprus economy gathers momentum 17/05/2017
Cyprus economy expanded by 3.3% year on year on seasonally adjusted data, marking the highest quarterly growth since the financial crisis of 2013, according to a flash estimate released today by Cystat, Cyprus’s statistical service.

Cystat: Government Surplus at €200.9M in Q1 2017 16/05/2017
According to the Cyprus Statistical Service of Cyprus, on the basis of the preliminary data on the General Government accounts for January-March 2017, which are compiled in accordance to EU concepts and definitions

Cyprus and China sign agreement for mutual recognition of academic titles 15/05/2017
Cyprus and China have signed an agreement on the mutual recognition of university titles, it was announced on Sunday. Education Minister Costas Kadis and the Education Minister of the People’s Republic of China Chen Baosheng singed on Sunday in Beijing the Agreement for the Mutual Recognition of Higher Education Titles.

Foreign investors 'impressed' with Cyprus 12/05/2017
Foreign investors heaped praise on Cyprus during a special session focused on the country at the European Bank of Reconstruction and Development (EBRD) annual meeting on Thursday.

Cyprus through to Eurovision final 10/05/2017
Cypriot performer Hovig on Tuesday night secured his place in the Eurovision Song Contest final after claiming the ninth slot. Ten countries out of 18 made it through from the first semi final, held in Kiev, Ukraine.

University of Cyprus projects 3.1% growth rate in 2017 04/05/2017
The Economics Research Centre of the University of Cyprus projects that the expansion of real economic activity in Cyprus is expected to continue in 2017 at slightly faster rates vis-à-vis those registered in 2016.

Cyprus tops Mediterranean tourism charts 04/05/2017
Cyprus has recorded the highest increase in tourism arrivals in the Mediterranean while being the second cheapest Mediterranean tourist destination after Turkey.

Cyprus Airways announced the first three destinations 03/05/2017
Cyprus Airways just announced the first three destinations that will be included in its flight schedule for the first phase of its launch, to begin in June 2017. 

Surplus for the first time in 7 years 26/04/2017
Preliminary data on the General Government accounts for 2016 showed that the annual public sector balance registered a surplus of €64,4 mn, that corresponds to 0,4% of GDP, the Statistical Service of Cyprus announced on Monday.

Cyprus attracting more overseas interest 25/04/2017
Overseas interest in the Cyprus property market strengthened in March to become the sixth most sought after destination in the Top of the Props index published by TheMoveChannel.com.

Cyprus 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.

Melco-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.

Tourist 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.

Chinese 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.

India 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.

Cyprus 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).

Georgiades: 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.

Cyprus 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.
 

The 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.

ENI: 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

Cyprus 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.

Cyprus 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.

Cyprus leads other EU states for its citizenship scheme 02/03/2017
Cyprus ranks 7th out of 12 countries studied in an analysis of citizenship-by-investment programmes by the Financial Times group’s Professional Wealth Management, ahead of Malta, Bulgaria and Austria, the other European Union member states on the list.

Cyprus 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.

"Cyprus is the energy center of Europe!" 02/02/2017
Cyprus will have a clear picture of its subsea natural resources by the end of next year during which four or five drills are expected according to Energy Minister Yiorgos Lakkotrypis.

Cyprus - 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.

Lakkotrypis 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.

Cypriot 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.

Cyprus 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.” 

Total 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.

Taxation 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.

Growing 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.

Enormous 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

Cyprus 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.”

Casino 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.

Double 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.

Economy 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.

Moody'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

Fitch 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+.

Lakkotrypis 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.

Demetriades 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.

Georgiades 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.

Cyprus 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.

Cyprus’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.

Seventy 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.

Cyprus 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.”

S&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’.

BREAKING 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.

Benefits 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.
 

Cyprus 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.

New 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.

Jordan'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.

Cyprus 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.

Cyprus & 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:

GOOD 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%.

ENI 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.

Cyprus 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. 

The 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.

Great 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!

India 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.

Emir 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.

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.

Cyprus 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.

Cyprus 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.

Presentation 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.

CYPRUS 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)

Cyprus 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

Cobalt 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.

Russian 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.

President 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. 

Tourist 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.

First 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.

Omirou 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.

Increase 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.

Cobalt 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.

Cyprus-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.

Cyprus 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.

Cyprus 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.

Tourist 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.

First 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.

Cyprus 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.

Company 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%.

S7 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.

Cyprus 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

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

Cyprus 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). 

Cyprus 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.

IMF: 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.

CTO 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.

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

Cyprus 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

Cyprus 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. 

Cyprus 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. 

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

Cyprus 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.
 

Cyprus 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.
 

Cyprus 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

Cyprus 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

Cyprus, 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.

Revenue 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

Before 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

Moody’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.

Cypriot 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. 

New 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.

World 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

Cyprus 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

S7 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.

Fitch 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.

Cyprus 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.

Standard & 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

Cyprus 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.
 

STOP 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.

Cyprus’ 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.

Cyprus 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).

Cyprus 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?
 

Cyprus 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.

Cyprus 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:

Cyprus 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.

Cyprus 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 .

Tax 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. 

Cyprus 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.

Cyprus 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.

Cyprus 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. 

Tax 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.

Cyprus 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. 

Cyprus 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. 

QATAR 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. 

Lakkotrypis 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. 

Citizenship 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. 

Cyprus’ 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. 

The 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. 

Deal 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.

Cyprus, 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.

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. 

President 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.

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.

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.

Noble 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.

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.

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.

Land 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.

Cyprus 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.

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.

Cyprus 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.

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.

The Minister of Foreign Affairs Ioannis Kasoulides to Iran 09/01/2015
An official visit of the Minister of Foreign Affairs Ioannis Kasoulides to Iran will focus on bilateral relations, the Cyprus issue, regional developments relating to the Islamic State and developments in Iran`s nuclear programme talks.

Cyprus 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.

President 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.

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.

Trilateral 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.

Moody'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.

Standard & 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.

EBRD 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.

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.

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.

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.

Cyprus-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.

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. 

Santorini, 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.

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. 

President 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.

Cyprus 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.

Commerce 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.

Cyprus 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.

Cyprus 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.

Immovable 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.

Cyprus 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.

Tax 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.

US 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.

Cyprus 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.

Cyprus 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.

Cyprus 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.

Cyprus – 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.

Great 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

Cyprus 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.

Cyprus 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.

Leptos Estates back to Novosibirsk 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.

Cyprus 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.

Cyprus 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.

Cyprus 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.

Cyprus 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

Foundation 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.

Reduced 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.

Gazprom,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.

Cyprus 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.

Benefit 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.

Tax 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.

The 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".

Time 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.

Cyprus 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.

Cyprus 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.

Overseas 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.

Official 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.

Putin 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.

CYPRUS 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.

OLYMPIC 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...

HIS 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...

QATAR 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...