MARKET TRENDS

The European Commission and EU consumer authorities push Airbnb to comply

The European Commission and EU consumer authorities push Airbnb to comply

The European Commission and EU consumer authorities are calling on Airbnb to align their terms and conditions with EU consumer rules and be transparent on their presentation of prices. Commissioner  [...]

Building permits up 25% in January to April

The Cystat figures show a shift from detached houses, whose number rose 19 per cent to 894, towards residential buildings with two or more homes, whose number rose 25 per cent to 898 in January to Apr [...]

Cyprus aspires to be a bridge of cooperation between Asia and Europe

Cyprus aspires to act as a bridge to further enhance ties of cooperation between Asia, Europe, and Africa, House President Demetris Syllouris said on Tuesday. Syllouris was addressing the opening sess [...]

Cyprus is becoming one of the top emerging investment fund centers in Europe

Cyprus is fast becoming one of the top emerging investment fund centres in Europe, Government Spokesman Prodromos Prodromou has said.Addressing on Friday evening the Gala Dinner of the European Fun [...]

President assures that the government aims to improve the country’s business environment

President of the Republic of Cyprus Nicos Anastasiades has assured that the government’s plan is to continuously improve the country’s business environment so as to reinforce the position of Cypru [...]

Tenant’s responsibility to pay communal charges

THE management committee of a building complex is responsible for imposing communal charges on the owners of the units. The landlord, being the owner of a unit, is obliged to pay the communal charges [...]

Signed MoU on relocation of Larnaca fuel storage facilities submitted to cabinet

Energy Minister Giorgos Lakkotrypis said on Wednesday he had submitted a signed memorandum of understanding (MoU) to the cabinet between the government and six private companies for the removal of the [...]

House poised to pass bill to sweeten sale of debtors’ homes

MPs of the ruling Disy party sounded upbeat on Monday that a series of bills granting tax relief to bank debtors would make it through the plenum. The House finance committee was discussing five bil [...]

Cyprus economy grew 4% in Q1 2018

Cyprus' GDP increased by 4% in the first quarter of 2018, over the corresponding quarter of 2017, higher than the initial estimation. According to data released on Friday by the Statistical Servic [...]

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