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Law On First Homes Reduced VAT Passed

The Cypriot parliament has passed a law allowing for a reduced value-added tax (VAT) rate of 5% on first homes. The discounted rate will apply to the first 130 square meters of a first home, up to a v…

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Palm Beach Hotel Is Being Renovated In Larnaca

The Palm Beach Hotel in Larnaca, a well-known establishment in the tourist area of Oroklini, has been purchased by an Israeli company with interests in other hotels in the region.  The hotel has…

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Accor Is Introduced To The Cyprus Market With Mercure Larnaca Beach Resort

Accor Group’s mid-range hotel chain, Mercure, has entered the Cyprus market with the opening of Mercure Larnaca Beach Resort in Oroklini. The hotel, situated on the coast, welcomed its first guests on…

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