MARKET TRENDS

Cyprus registers the largest annual unemployment drop in the EU

Cyprus registers the largest annual unemployment drop in the EU

Unemployment rates in Cyprus further dropped to 8.2% (7.6% for males and 8.8% for females) or 35 000 individuals, in June 2018, from 8.3% in May 2018 and 11% or 47 000 individuals in Jun [...]

Cyprus’ interests defended at International Arbitration Tribunal

The Law Office has successfully defended Cyprus’ interests in the proceedings commenced by Marfin Investment Group (MIG) against the Republic of Cyprus at the International Arbitration Tribunal, At [...]

Town Planning permit issued for Geroskipou

The Town Planning and Housing Department has approved a permit application from ATUM Developments Ltd to build on a plot of land in Geroskipou. Town Planning Permit PAF/412/2017 concerns the construc [...]

Agreement for operation of 'satellite casino' at Larnaka Airport

Hermes Airports Ltd and Integrated Casino Resorts Cyprus Ltd (ICR Cyprus) announce the signing of a commercial agreement with which the airport operating company provides ICR Cyprus with two specific [...]

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 [...]

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