President: New model for the economy

President of the Republic of Cyprus Nicos Anastasiades has presented his vision for the new model for the economy, referring to 14 important reforms, through which the government aspir [...]

Golden visa funds could be used for subsidising rents

The government said it is open to the idea of channelling a portion of the proceeds from the citizenship-by-investment scheme to funding a soon-to-be-unveiled affordable housing programme. Speaking i [...]

Facebook Accused of Dark PR Tactics

  Facebook faces a new controversy over alleged tactics it used to discredit its critics, embarrass rival firms and downplay problems at the company.The New York Times has publis [...]

FinMin: Practices of maintaining large non-EU deposits and shell companies are over

The practices of maintaining large deposits by non-EU citizens accompanied with shell companies (companies with no physical presence) are finished, Cyprus Minister of Finance Harris Ge [...]

RCB Bank Named Safest Bank in Cyprus for Third Consecutive Year

RCB Bank for the third consecutive year has won the prestigious “Safest Bank in Cyprus” award by the internationally renowned Global Finance magazine. In its exclusive ann [...]

Lakkotrypis: Cyprus energy planning on track

A drill is in place on block 10 of Cyprus’ Exclusive Economic Zone (EEZ) on the spot where the drilling will take place, Energy Minister Yiorgos Lakkotrypis said on Monday, assuring [...]

Limassol Del Mar: Construction Works are in Full Swing

  Limassol Del Mar is a fully licensed, pioneering and luxurious project, which constitutes a developmental milestone of high standards, not only for Cyprus but also worldwide. [...]

Building Permits Increase Significantly in 2018

  Building permits authorized by the municipal authorities and the district administration offices increase by 342 during the period January – August 2018, according to data re [...]

European Commission: Strong growth momentum continues in Cyprus

  The European Commission forecasts the maintaining the dynamics of robust economic activity in Cyprus, with growth rates reaching 3.9% in 2018, 3.5% in 2019 and 2.9% in 2020, in its [...]

Lakkotrypis: Cyprus touching 4 mln visitors in 2018

Cyprus is expected to reach 4 million tourists in 2018, with the Minister of Tourism Yiorgos Lakkotrypis speaking of “another exceptional record year.” He was speaking at the annu [...]
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