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Ormidia The first Cyprus fishing village

The quaint fishing village of Ormidia, on Cyprus’s southeastern coast, buzzes with excitement for the annual Ormidia Fishing Festival. Celebrating the village’s maritime heritage, the local highlight…

INVESTING IN CYPRUS

Cyprus has emerged as an attractive destination for foreign investment due to its favorable tax laws, strategic location, growing economy, strong legal system, and well-educated workforce. The country…

Ormidea Beach: Embrace the Beauty of Our Coastal Paradise

Introduction I had the pleasure of visiting the newly renovated fishing harbor in Ormidea today, situated right next to the charming ROMANTZO restaurant. Let me tell you, I was absolutely captivated b…

The Real Estate Market In Larnaca Today – Values

You have noticed in our city in the last 2 years, a rapid increase in the construction of new buildings, an increase in the sale and rental prices of real estate, for which our customers and partners…

They Change All Over Cyprus Port And Marina Of Larnaka

The benefits that the city will have from this development will be many, the transport minister said The Minister of Transport, Communications and Works, Alexis Vafeades, expressed today the assessmen…

Without Towers, The “Larnaka Of Tomorrow”

Larnaka Municipality was pleased by the absence of towers from the huge project “Larnaca Land of Tomorrow”, planned by the Petrolina Group in the area from where the oil and LPG facilities were moved….

They Will “Pinch” House Prices And… Seeing
In anticipation of tomorrow’s new debate in the Parliamentary Committee on Finance on the much-vaunted bill that places restrictions on beneficiaries of reduced VAT of 5% when buying or building a primary residence or apartment, information from parliamentary parties indicates that there is an intention by the majority to amend the bill, although the finance minister has warned that any change in the text may provoke the reaction of the Commission or even the referral of Cyprus to the Court of Justice of the EU.

It is almost certain that the parties will attempt to slightly increase the maximum values of properties benefiting from reduced VAT, although they have not yet decided at what point the values of apa…

The “Larnaca Of Tomorrow” Comes From The Future

In an area of 400 thousand square meters will “unfold” the Larnaca of tomorrow, which aspires to become one of the most attractive areas of Cyprus for tourist, business and residential development. Th…

Master Plan For Development In Larnaca – Dhekelia Area

An open wound of Larnaka closes, opening up, at the same time, huge prospects for development, on a large coastal front on the Larnaca – Dhekelia road, which will be connected, through a pedestrian st…

Sales To Non-EU Citizens Doubles

Property sales to non-EU citizens more than doubled in the first two months of 2023 compared to the same period in 2022 according to official figures from the Department of Lands and Surveys. Spe…

Cypriot Banks Not At Risk From Credit Suisse, Silicon Valley Bank Crisis

Cypriot banks are not at risk and there is no cause for concern after the turmoil caused by the crisis this week at Credit Suisse and the US Silicon Valley Bank before that. This is what Central Bank…

Foreign Sales Hit 16 Year High

During January 2023 foreign buyers deposited 594 contracts of sale at Land Registry offices across the island. Moreover, these accounted for 54% of all sales; the first time since 2007 that the number…

Paves The Way For Development At The Former Larnaca Refineries

It is only a matter of time before the Seveso directive is terminated from the area of the former refineries in Larnaca, since the procedures for the relocation of LPG companies, which now have a stat…

Investments Of Billions In Larnaca

He does not stop repeating that “the next decade belongs to Larnaca” and that if the momentum is properly planned and utilized, the development will be rapid and the benefits enormous for the resident…

Notable Economic Performance For Cyprus
The international economic and geopolitical developments, as well as the current situation and prospects of the Cypriot economy, were discussed at a meeting between the Minister of Finance Konstantinos Petrides and the Executive Director of the IMF Paul Hilbers, who is on an official visit to Cyprus.

The remarkable economic performance achieved by the Republic of Cyprus in recent years is particularly important at a time of global macroeconomic instability, IMF Executive Director Paul Hilbers stre…