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Government to limit Golden Visas to 700 a year

Government to limit Golden Visas to 700 a year

Every application will also be subjected to an enhanced due diligence, the PIO said, after the cabinet meeting. The government’s golden visa scheme introduced in the current form in 2014 and amended [...]

Permits for new homes up 12.5 per cent

The number of building permits for the construction of new homes in Cyprus rose 12.5 per cent in February 2018 compared to February 2017 providing for the construction of 431 new homes.Compared to Feb [...]

New record for tourist arrivals

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 [...]

A new era for Larnaca

SOMETHING is changing in Larnaca with many projects underway both of the public as well as the private sector. What is noticeable is the “renovation” of the old city extending from the coastal lin [...]

Casino groundbreaking to be held on June 8 in Limassol

A groundbreaking ceremony for Cyprus’ new casino-resort will be held on June 8, according to the Melco Resorts and Entertainment CEO Lawrence Ho. At a presentation of their new casino Morpheus for C [...]

Cooperative Central Bank receives bids by two prospective buyers

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March. Sources told CNA, that Hellenic Bank, a Cypriot commercial b [...]

Eurobank, Banco Santander present Trade Club Alliance initiative

By 2020, the number of participating companies is expected to rise to 100,000 resulting from the participation of 15 other bank groups from currently 10 operating in 40 countries, the bank added. Euro [...]

EBRD revises Cyprus’s growth forecast to 3.2%

“However, the legacies of the crisis, such as high public and private sector debt and a large overhang of non-performing loans (NPLs), remain important downside risks,” said the lender which has a [...]

Contractor corruption watchdog unable to carry out duties

The government has failed to properly support a committee it had set up to review cases of contractors suspected of bribery or misconduct forcing its chairman to resign, MPs said on Wednesday. During [...]

Cyprus and Egypt close to signing gas deal, says minister

Cyprus and Egypt are close to signing an agreement for connecting the Aphrodite gas field to the North African country, Energy minister Giorgos Lakkotrypis said on Monday. Lakkotrypis, who was in Cai [...]

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