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Moody’s upgrades Cyprus’ rating

Moody's ratings agency has upgraded Cyprus' sovereign rating to Ba1 from Ba2 and changed its outlook to stable from...

Paphos marina takes a small step

The Paphos marina project has taken a small step closer to becoming a reality with the Tenders Review Authority's...

Cyprus failing to comply with EU VAT rules for dwellings

The European Commission has decided to send a letter of formal notice to Cyprus for its failure to properly...

Building of 955 new homes authorised in Cyprus

April 2021 saw another surge in the planned number of new homes to be built in Cyprus according to...

Living in a Cyprus kleptocracy

Soon after the report on the 'citizenship by investment' scheme, fellow economist George Koumoullis convincingly made the case that...

Cyprus only EU state with falling house prices

Cyprus was the only EU member state that experienced a fall in annual house prices during the first quarter...

Freeze on foreclosures extended despite warnings

MPs on Thursday passed a law to further extend a moratorium on home foreclosures despite warnings of the potential...

Apartment residents living on the edge

Residents in a hilltop apartment building in Germasogeia, Limassol are living in fear that their complex could collapse at...

Price of houses stable, property rentals drop

Cyprus real estate prices & rentals recorded quarter-on-quarter drops across most property categories, but the value of houses remained...

Golden passports inquiry’s report published

Cyprus' Law Office has released the final report of the Inquiry Committee probe into the issuing of passports under...

Punish golden passports crime

Last October, the international broadcaster Al Jazeera released a damning investigative report on how a convicted criminal can obtain...

ECB cautions over changing foreclosure law

ECB supervisory board member Elizabeth McCaul advises caution over possible amendments to the Cyprus foreclosure law as they could...

Cypriots believe their country most corrupt in EU

More Cypriots believe that corruption has increased in their country over the past year than their fellow European citizens. According...

Up to nine complaints a day about estate agents

The Cyprus Real Estate Registration Council revealed on Monday that on average three to nine cases of malpractice within...

Surge in the construction of new homes

March 2021 saw a surge in the planned number of new homes to be built in Cyprus according to...

New high-rise in Limassol

The Department of the Environment has given the green light for the construction of a 15 storey high-rise in...

Paphos marina delayed yet again

The creation of a long-anticipated marina to serve Paphos has been held up again, following a complaint raised by...

Real estate indicators improving

Cyprus’ macroeconomic performance throughout 2021 will remain under pressure, with downward annual variations in several indicators influenced by the...

High rise buildings collapse

Demand for new high rise buildings in Cyprus has collapsed following the demise of the island’s disgraced citizenship by...

EU demands respect for Cyprus Audit Office

The EU has come out in support of the Cyprus Audit Office and Auditor General Odysseas Michaelides in his...

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