MARKET TRENDS

Production in construction increases

Production in construction increases

Production in the construction sector in Cyprus increased by 7.5% during the 3rd quarter of 2018 compared to the second quarter and by 24.4% compared to the 3rd quarter of 2017, according to first es [...]

Production in construction increases in 2018

Production in Construction for the third quarter of 2018 increased significantly, over the third quarter of 2017. According to data released by the Statistical Service of Cyprus, the Index of Product [...]

Exploratory drilling in «Delphyne-1» concludes

Ministry of Energy, Commerce and Industry on Wednesday announced that the exploratory drilling at «Delphyne-1» target in block 10 of Cyprus Exclusive Economic Zone on behalf of the ExxonMobil and Q [...]

‘Empty houses could help the homeless’

Existing housing that is currently empty could be put to use to offer some relief for the homeless, Volunteerism and NGO Commissioner Yiannis Yiannaki said on Tuesday. Yiannaki told the Cyprus News Ag [...]

Economic climate improved in December 2018

The economic climate improved in December 2018 by 3.4 points, assisted by the improvement of the business climate in services and manufacturing industry.The Economic Sentiment Indicator, composed by [...]

Property demand and prices

Investing in real estate in Cyprus is worthwhile for foreign and local investors for all types of property. The reduction in the prices due to the economic crisis, the decrease of deposit and loan in [...]

Electricity prices to drop by 1.1% in January

According to Papadopoulou, the drop is caused by a decrease in global oil prices. Source: InCyprus

Satellite casino launched at Larnaca airport

Integrated Casino Resorts Cyprus Ltd (“ICR Cyprus”) launched Cyprus Casinos Larnaca (“C2 Larnaca”) at Larnaca International Airport on Friday afternoon. According to a press release, it is t [...]

House Plenary approved 2019 state budget

The House of Representatives Plenary on Friday approved by majority voting the 2019 state budget, that provides for a surplus amounting 3% of GDP. Thirty MPs from ruling Democratic Rally DISY, the De [...]

Large projects push building permits value to €1.55 billion

The value of building permits spiked by an annual 46% in January – September 2018 to €1.55 billion owing to rise in large projects, according to data released on Tuesday by the Cyprus Statistical [...]

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