The Cyprus Real Estate Agents Registration Council on Wednesday released a breakdown of property transactions and average values during the first quarter of 2024, according to property type, across all districts. The council said that the analysis of comparative sales data, which are provided by the Department of Lands and Surveys, “offers significant insights into the […]
A total of 11 new subsidy scheme projects amounting to €148 million are anticipated to be implemented by the Ministry of Energy, Commerce and Industry for the period 2024 – 2025. Also, in the assessment of the Ministry’s activities during the first year of Nikos Christodoulides’ presidency, the competent minister, George Papanastasiou, referred to the […]
The value of Cypriot sovereign bonds held by the Eurosystem by end-April remained unchanged at €6.76 billion, as the European Central Bank continues deleveraging its balance sheet in the context of its restrictive monetary policy cycle in a bid to reduce inflation. According to Eurosystem available data by end April processed by CNA, the value […]
Deputy Minister of Research Nicodemos Damianou recently addressed two investment incentives launched at the Deputy Ministry of Research, Innovation and Digital Policy, acknowledging that there is room for improvement. These initiatives include a tax exemption for innovative businesses and a startup visa scheme, amidst ambitions to attract investment and nurture the startup ecosystem. The first […]
Deputy Minister of Tourism Kostas Koumis is in Dubai, United Arab Emirates, for the Arabian Travel Market tourist exhibition taking place there. According to a Deputy Ministry of Tourism press release, Koumis will on 7 May hold meetings with representatives of three airline companies and other tourism industry stakeholders. On 8 May, Koumis will go to […]
Limassol port has seen a substantial rise in wheeled cargo traffic since DP World Limassol (DPWL) took over its operation, processing around 60,000 multipurpose Ro/Ro units (“Roll-on/Roll-off,”) in 2023 alone. This number represents a near 75% increase in volume since the company took over operation of the port’s multipurpose terminal in 2017. An interesting trend […]
The Chief Scientist for Research, Innovation and Technology, Demetris Skourides, visited Medicover Genetics Cyprus’ laboratories in Nicosia on April 30. He was hosted by Executive Director Professor Philippos Patsalis and toured the facilities, engaging in a productive discussion about the biotechnology company’s groundbreaking work. During their meeting, Skourides expressed his deep appreciation for the opportunity […]
Both selling prices and rents of holiday homes on the island are at their highest point in the last eight years, with the sector finally shaking off the impacts of the COVID-19 pandemic. It is noted that both apartment and house rents used for vacations are at their highest point since 2016, with prices more […]
Determining the premier city in Cyprus regarding quality of life, considering specific indicators crucial for citizens’ overall well-being, is multifaceted question. According to the research of Phileleftheros, based on data from the Numbeo website, there are interesting findings indicating that the quality of life within Cyprus may vary from city to city. The quality of […]
Toumatsia “Toumatsia” is a type of handmade spaghetti which one encounters in the area, the making of which has been passed down from generation to generation. Resi: The traditional food for cyprus weddings Resi is a traditional food and it can be compared with pilaf. It is made of cooked wheat and meat broth. Resi […]
raditional Cyprus Foods reflect a tapestry of cultures that have shaped this island nation over centuries. During eight days of exploring the island, I would discover a unique and delicious Mediterranean cuisine with influences from Greek, Turkish, Middle Eastern, and African gastronomy. I landed in Cyprus on a warm October day. As I waited for my driver, […]
A crucial element that instils greater optimism in Paphos for this year’s tourist season is the significant increase in traffic anticipated from Germany to the province this summer. Data until mid-April from German travel agencies indicate that the estimates and data analyzed for Paphos during the recent international tourism exhibition ITB Berlin are now fully […]
Cyprus is in the midst of a major development boom, with billions of euros being poured into a wide range of projects. This includes improvements to the country’s infrastructure, such as roads and ports, as well as the construction of new marinas, hotels, medical and diagnostic centres, university buildings, student dorms, golf courses, schools, and […]
The Retail Trade Turnover Value Index increased by 5.5% in March 2024 compared to the same month of the previous year, while during the same month, the Retail Trade Turnover Volume Index increased by 5.2% compared to the corresponding month of the previous year, the Statistical Service announced on Maundy Thursday. It is added that […]
When the team behind the very successful Oniro by the Sea decided to launch another restaurant, it would have been straightforward for them to repeat the same winning formula. However, with the opening of Onar in the heart of the old town of Paphos, this is not what they have done. Instead, they created a […]
Seated at The Shopkeeper & Co’s communal table, with headphones on, the music serving as a sufficient block between your own thoughts and any adjacent conversations, you could be forgiven for thinking that you weren’t in Cyprus. This has less to do with the self-styled concept store and coffee bar’s customer base, which is quite […]