MARKET TRENDS

Foreign Minister: Developments expected regarding energy program

Foreign Minister: Developments expected regarding energy program

Foreign Minister Nikos Christodoulides said on Thursday that developments should be expected in the next few days, concerning the energy program of the Republic of Cyprus. Speaking on Wednesday, on [...]

Commission repeats warning on Turkey over Cyprus' EEZ

European External Action Service (EEAS) and European Commission (EC) Spokesperson Maja Kocijiancic refrained today form speculating on the form the EU`s appropriate response could take, concering Tur [...]

Brexit extension to affect prices of holiday packages

Deputy Minister for Tourism Savvas Perdios expects prices of travel packages from the UK to Cyprus that have plummeted already by 10% - 15% this year, to drop even further in 2020, as a result of the [...]

Big energy sector players in Cyprus

Since Monday, Ministry of Energy officials began long and hard negotiations with high-level delegations from Total and Eni. The talks focus on two aspects – the first concerning the final terms of t [...]

House releases funds for tougher checks on passport buyers

The House finance committee on Monday released €1.4m that will be used to hire a specialised firm to carry out enhanced due diligence on people who apply for Cypriot citizenship as part of the islan [...]

Cyprus Real Estate Investment market: Prospects and Risks

When it comes to investing in real estate, the Cypriot market is considered to be an increasingly attractive investment destination, which has been gaining more and more importance over the past 15 y [...]

House prices rise

House prices in Cyprus rose by an annual 1.6% in the last quarter of the previous year, the Statistical Service announced on Thursday. According to a preliminary estimate of the Statistical Service, [...]

“Glafkos” gas field discovery gives new impetus in Cyprus EEZ

The discovery of a new gas field by ExxonMobil and Qatar Petroleum has given a new impetus to Cyprus’ Exclusive Economic Zone, the Chairwoman of the Cyprus Hydrocarbons Company (CHC), Toula Onoufri [...]

Huge surge in demand for Cyprus passports from UK Cypriots

THE past three years have seen a surge in the demand for Cypriot passports by the UK’s Cypriot community, while over 1,000 passports were expected to be issued this year, it emerged on Thursday. Cy [...]

European lawmakers urge end of golden visa schemes

The European Parliament urged EU member states on Tuesday to curb money-laundering in the bloc by ending programmes by several countries, including Cyprus, to sell visa and passports, a step the multi [...]

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