The competition process to develop Larnaca marina and port are back on track and the tender documents will be delivered today (Friday) after the Transport Ministry rebutted claims that the project was beset by legal complications.
The competition process to develop Larnaca marina and port have been delayed yet again – this time by extensions to the tender document placing a ceiling on the annual tonnage that can be handled by the port.
Nearly five years after the troika of Cyprus’ international lenders proposed that the country establish an asset management company to help reduce the high level of NPLs, Cyprus will present plans for an AMC in Brussels next week.
Ayia Napa is one step closer to getting its marina after the project's revised planning permit was approved and, with other works planned for the town, it will greatly benefit the area's economy.
Lebanese investor Yussef Kanaan has announced plans to invest €15 million to build luxury apartments in Larnaca on land that he purchased for €3.5 million and expects to get a building permit within the week.
Realty Group International, Inc. (RGI), headquartered in Beverly Hills, with offices in London, Paris, Rome, Barcelona and Rio de Janeiro has announced plans to expand into Cyprus.
A billionaire property developer from Hungary, who is currently resident in Cyprus, has been described as the brains behind a scheme to build a luxury leisure project at Yeroskipou.
The Larnaca town tourism board has announced plans to attract more visitors through a number of significant development projects over the next five years.
The problem is that the Cyprus Government is too closely involved with the greedy banks and grubby developers and only foreign intervention will sort the matter out.
