Larnaca port and marina redevelopment project has hit a four-month delay in signing contracts with MPs demanding an update from the government but officials said the wait will soon be over.
The Peyia council is taking the Nicosia town planning department to court over its decision to issue a planning permit for a mammoth development on a hillside (Ayia Vouni) overlooking Peyia.
Just when we thought the construction of the Poseidon consortium's Paphos marina was about to get underway, the consortium has failed to supply adequate evidence of its ability to finance the project.
A 40 million Euro residential construction and development project is planned on the coastline of a prime area in Limassol by Russian businesswoman and philanthropist Yelena Baturinam.
The construction of the Larnaca port and marina project, which has been stalled by bureaucracy and legal wrangles for more than 25 years, will be put out to tender by September the Transport Minister has said.
The land on which the Kimon Phinikoudes project in Larnaca is to be built together with its designs has been sold by the Lefkaritis family to a group of Russian investors for an undisclosed sum.
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.
