‘The prices of apartments in Cyprus to rise by double digits in coming years’

‘The prices of apartments in Cyprus to rise by double digits in coming years’

“We predict that real estate prices in the area will rise by double digits in the coming years,” Bell Real Estate Group claimed yesterday (Sunday) at the launch event of its flagship project in Larnaca, Cyprus. The elegant complex, spread over approximately 4 hectares, includes 7 architecturally designed buildings with 304 low-rise housing units, three pools, ornamental […]

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What does Cyprus smell of?

What does Cyprus smell of?

‘I don’t know what Paradise is like, but I hope it smells of Cyprus!’ ALIX NORMAN discovers one of the island’s towns has been named a ‘Best-Smelling City’, and asks what aromas most strongly trigger our memories Watch people disembarking from a plane in Larnaca or Paphos, and it’s immediately clear who’s been to Cyprus […]

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Cyprus Business Now

Cyprus Business Now

Tourist arrivals in Cyprus displayed a slight yet steady increase in May 2024, compared to the same month last year, with the primary markets sustaining robust performance levels, the Cyprus Statistical Service (Cystat) revealed on Monday. Notably, the figures for this period show a rise in tourist numbers to 421,400 from 420,076 in May 2023, […]

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Deputy finance minister calls for increased investments following reforms

Deputy finance minister calls for increased investments following reforms

Deputy Minister of National Economy and Finance Nikos Papathanasis emphasized at the EU General Affairs Council of cohesion policy ministers that reforms must accompany investments to improve regional competitiveness. The meeting was held on Tuesday in Luxembourg. The session focused on linking the cohesion policy with the EU’s ongoing Strategic Agenda for 2024-2029 and addressing […]

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Cyprus lauds S&P ratings upgrade

Cyprus lauds S&P ratings upgrade

Cyprus on Saturday welcomed an upgrade to the economy by ratings agency Standard & Poor’s, who updated long-term ratings to ‘BBB+’ from ‘BBB’. The agency also assigned a positive outlook and affirmed the short-term rating at ‘A-2’. Following the upgrade, President Nikos Christodoulides said: “It is the 5th in a row since taking over the governance […]

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Cyprus Business Now

Cyprus Business Now

The occupancy rate of the aircraft arriving in Cyprus last month reached around 85 per cent and is on the rise as peak season approaches, Hermes Airports said on Friday. Director of Aviation Development and Communication Maria Kouroupi told CNA that currently, around 41,000 passengers arrive or depart from Larnaca and Paphos airports. “The summer […]

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Cyprus Business Now: weekly wrap-up

Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting June 10: President of the Famagusta Hoteliers Association (Pasyxe), Panayiotis Constantinou, remains cautiously optimistic about the future of tourist bookings in the Famagusta district, despite the challenging circumstances currently plaguing the tourism industry. Speaking to the Cyprus News Agency (CNA), Constantinou explained that […]

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