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Moody’s raises Cyprus credit rating outlook

Moody's ratings agency has raised its credit rating outlook for Cyprus to positive from negative, while confirming the island's Caa3 credit rating, citing a stronger than expected performance in 2013.
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Property price correction is not over

Common sense tells us that property prices in Cyprus have yet to reach rock bottom and that anyone who believes that they are about to increase must be living in cloud cuckoo land.
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Cyprus needs to earn trust of Chinese investors

A conference in Nicosia has heard that Chinese property buyers are slowly returning to Cyprus, but that the country needs to earn their trust if it wants them to make further investments.
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Citizenship for sale reports denied

The Cyprus Interior Minister has rejected press reports that the government is changing the rules for acquiring Cypriot citizenship by foreign investors by reducing the amount for large investments.
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Property prices set to rise says sales director

Director of sales at BuySell Cyprus Chris Hajikyriacou believes that property prices have bottomed out and should start to rise, warning that if you don't buy now, you're going to miss the boat.
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Knight Frank Global house price index

The Knight Frank Global House Price Index, which charts the growth and decline of house prices worldwide, lists Cyprus as one of the weakest housing markets above Hungary, Ukraine, Croatia and Greece.
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Cyprus fifteenth in Top of the Props

Cyprus slipped four places in last month's Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.
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Permission granted for Oroklini theme park

Plans to construct a ‘Euro Disney of the Mediterranean’ theme park near Oroklini, which stalled in 2012, were given the go-ahead by the government in a policy statement issued yesterday.
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Cyprus slips out of the top 10

Cyprus has slipped out of the top 10 in the Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.
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Troika anticipates property market recovery

The chairman of the Cyprus Land and Building Developers Association (LBDA) has reported that the Troika believes that there will be a recovery in the island's property market in 2014.
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Evidence of improving banking sector stability

The Bank of Cyprus leadership believes there is evidence of improving stability in the Bank and generally in the banking sector and points out that it is fully committed to restoring the confidence of depositors and customers.
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Qatar Investment Authority targets Limassol

The head of the Cyprus Investment Promotion Agency (CIPA) has said that the Qatar Investment Authority (QIA) has shown some interest in investing in property in the Limassol area.
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Complimentary tickets to ‘A Place in the Sun Live’

Unlimited complimentary tickets are available for ‘A Place in the Sun Live’, the UK's largest overseas property exhibition, which will be held at London’s Olympia between 28th to 30th March 2014.
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Cyprus back in the top 10

Cyprus moved up to take 10th spot in the Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.
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Developers attract half billion of fresh money

Property developers have attracted half a billion Euros to Cyprus and the sector is one of the main areas attracting foreign investors according to the Interior Minister, Socratis Hasikos.
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yoo to launch first project in Cyprus

yoo, the global design, development and branding firm is to launch a luxury coastline project in Cyprus under the 'yoo inspired by Starck' brand, headed by the one of the world's most revered designers Philippe Starck.
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Bank of Cyprus reports €1.94 billion 9 month net loss

The Bank of Cyprus Group Financial Results for the nine months ended 30 September 2013 published earlier today show a net loss of €1.947 billion net loss over the reporting period.
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Banks and borrowers urged to cooperate

Central Bank of Cyprus has issued a Code of Conduct to indicate how banks should handle borrowers who are facing financial difficulties, in a bid to make loans more sustainable and avoid mass repossessions.
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Cyprus to remain in recession until 2017

Against a backdrop of shattered consumer and investor confidence, soaring unemployment, and a credit crunch, the Cypriot economy will remain in recession until 2017.
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Standard & Poor’s raises Cyprus rating as risks recede

Ratings agency Standard & Poor's has provided a welcome boost to the island's economy by raising its credit rating for Cyprus to B-/B from CCC plus/C arguing that the immediate risks to Cyprus' austerity program had receded.
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