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Fugitive lawyer sentenced

Marios Shiaeles, a lawyer who was believed to have fled Cyprus with his wife in 2006 allegedly taking with him client funds estimated to be more than three million Cyprus Pounds, has been sentenced.
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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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New Limassol marina is ‘a gem’

The Limassol marina project is expected to be completed by the end of the year, with an official opening taking place in spring of 2014; the first yachts were welcomed earlier this year.
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Limassol property market’s dependence on Russians

The number of real estate transactions for December 2012 was recently announced. Once again the number of transactions was reduced compared with the same month last year (-24%) and 2012 'ended' with an 11% reduction in transaction volume compared with 2011.
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Nicosia and Limassol home price falls accelerating

Property prices in Paphos and Famagusta have been falling for years, while prices started to fall in Nicosia and Limassol six months ago and the rate at which they are dropping is accelerating.
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Vasilikon cement factory workers on indefinite strike

Employees of the Vassilikos Cement Public Company in Limassol have vowed to continue indefinite strike action blaming their employers for violating their collective wage agreement.
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Limassol property market doesn’t depend on Russians

The number of real estate transactions for December 2011 was announced this week. Once again, they fell compared with the same month last year (-7%) and 2011 'ended' with an 18% reduction in transaction volume compared with 2010.
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Limassol marina workers start industrial action

Construction workers at the Limassol marina started industrial action today in a row over the use of cheap foreign contract labour, which they claim breaches a contract with their employers.
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Cyprus’ most expensive residence is up for sale

Due to be completed later this year the Santa Barbara Residence, a unique seven bedroom beach front residence in the Amathus area of Limassol, is up for sale.
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Golf courses in Cyprus at Fasouri and Limni

Interior Minister Neoclis Sylikiotis expects that licences for the golf courses at Fasouri and Limni will soon be authorised by the Town Planning Department.
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Cyprus town of Limassol to get seafront upgrade

Work to revitalise the seafront at the Cyprus town of Limassol is expected to start in the New Year following the signing of contracts last week by the Mayor, Andreas Christou, and Georgios Anastasi, MD of the company running the project.
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Limassol marina on course for completion in 2012

The construction of Cyprus’ new marina at Limassol is progressing well and on course to be completed by the end of 2012.
Marinas

Limassol marina construction at full speed

Work on one of the most ambitious projects in Cyprus, the construction of a new marina in Limassol, is running at full speed and is expected to be ready to receive yachts in October 2012.
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Bank of Cyprus loan for Limassol marina

An agreement has been reached between the Bank of Cyprus and Limassol Marina Limited for a loan for the construction of the new marina which should open in 2012.
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Final contracts for Limassol marina signed

Yesterday Antonis Paschalides, the Cyprus Minister of Commerce, signed the two final agreements signalling the start of construction work on the Limassol marina.
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Critics fear impact of Cyprus marina project in Limassol

Critics of one of Cyprus’ largest infrastructure schemes, the luxury marina project at Limassol, have concerns over its financial and environmental impact and fear that it will throw the harbour’s little guys overboard.
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Limassol marina weighs anchor

After more than 20 years of planning, proposals, legal wrangling and bureaucratic delays, construction work on the first of the five big marina projects in Cyprus may start in the next couple of months.
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Cyprus property dealer murdered

Police are investigating the murder of a property dealer whose body was found on a beach in the Ayios Tychonas area of Limassol yesterday morning. A pathologist has confirmed that the man had been strangled.
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Desalination plant at Episkopi

Plans for a further desalination plant in Cyprus got underway last Friday when an agreement was signed for the construction of a unit at Episkopi that will deliver 40,000 cubic metres of water a day to Limassol.
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September start for Limassol marina

According to the Mayor of Limassol, Andreas Christou "The construction of the Limassol Marina is of national importance to Cyprus as it will benefit the city's trade and economy".
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