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Foundation Stone Laid for Limassol Casino

The groundbreaking ceremony for the new casino resort took place on Friday in Limassol attended by President Nicos Anastasiades who described it an “historic day” and a “major milestone” for Cyprus. Anastasiades said City of Dreams Mediterranean constituted the biggest investment project undertaken in Cyprus and expressed his “sincerest appreciation” to Lawrence Ho, Chairman and…

Turtle Conservation Tours

Lara Bay Turtle Conservation Station Tours Known for its work with endangered green turtles (chelonia mydas), Lara Bay Turtle Conservation Station is about as far away from the brash resorts of Cyprus as you can get. A tiny, wooden shack overlooking a remote, protected beach serves as the conservation’s headquarters—the result of an effort that…

Cyprus Property Prices Continue to Rise

The RICS Cyprus Property Price Index for Q4 2017 reports price increases for another quarter with significant price rises for houses and apartments in Limassol and Larnaca and offices in Nicosia. The THIRTY-THIRD publication of the RICS Cyprus Property Price Index reports that the average price of residential apartments and houses across the island rose…

Cyprus Property Sales Up by 29%

The number of property sales in Cyprus continued to rise in May with the number of sales contracts deposited at Land Registry Offices across the Republic up 29 per cent compared with May 2017. THE NUMBER of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during May 2018 rose 23…

Another High Rise Development in Limassol

THE SHACOLAS group is planning to demolish the Debenhams Olympia shopping centre in Limassol to make way for a new residential high rise building that would be the tallest in Cyprus. Shacolas’ Woolworth Properties has already applied for a town planning license for the 197-metre-high tower of luxury apartments through its subsidiary Limassol Beach &…

Anastasiades Attends British High Commission Event

The United Kingdom, as a Guarantor Power and a Permanent Member of the Security Council, has a vital role to assume when the Cyprus negotiations resume, President Nicos Anastasiades has said. Addressing on Thursday evening an event at the High Commission of the United Kingdom οn the occasion of the celebration for the Birthday of…

Cyprus’ Future is Linked with the Future of the EU

  Cyprus’ future is linked with the future of the European Union, and only within the EU can the country look forward to reunification, former President George Vassiliou has said. In an interview with the Cyprus News Agency 14 years since the island’s accession to the EU on May 1 2004, Vassilou said that Cyprus’…

‘Let’s Do It Cyprus’

‘Let’s do it Cyprus’ annual clean-up campaign kicked off islandwide on Sunday, having had more than 40,000 volunteers sign up for the event. The event is a one-day effort to clean the island of as much rubbish as possible which takes place every year in April. The aim was to surpass the number of 40,000…

Cyprus-Egypt Gas Deal Expected Soon

Cyprus and Egypt will soon be signing an agreement to connect the Aphrodite gas field to the North African country, reports said on Monday. The inter-state agreement is expected to be signed sometime over the coming few weeks, Egypt’s Petroleum Minister Tarek el-Molla told Egypt Today. The Cairo-based publication recalled that in November 2017 the…

Closing the Loophole for Rental Income

The practice of renting properties in Cyprus through Airbnb and other websites has come under the scrutiny of the tax authorities who are looking to address the problem of tax evasion on rental income received. APPROXIMATELY 20,000 properties in Cyprus are rented via Airbnb and other websites and although some owners are paying tax on…

Tax Shock for British Residents

EARLIER this month Cyprus and the United Kingdom signed a revised double taxation convention, based on the OECD Model Convention for the avoidance of double taxation on income and capital. (The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and…

Cyprus Medical Services

One thing that sometimes worries people when thinking about relocating to a foreign country is the availability and quality of the hospitals and medical treatment. However, there are a number of hospitals and clinics in most towns and cities on the Island of Cyprus. Healthcare is generally recognised as being very good at the general…

Limassol Marina – Boat Show 2018

Coming to Limassol in early May, the 2018 Limassol Marina Boat Show. For the fourth year running the Marina which has berths for yachts up to 110m is hosting a boat show which is expected to attract over 20,000 visitors and 100 exhibitors to the Marina over a 4 day period. The show opens at…

Ryanair Announces 12 New routes For Winter 2018

Ryanair announced 12 new routes from Paphos for winter 2018 on Tuesday, increasing its capacity by 74 per cent over last year. The new routes include Bournemouth and Liverpool and will contribute 940,000 passengers annually as Ryanair nearly doubles its operation in Paphos, Ryanair’s Chief Commercial Officer David O’Brien told a press conference. He told…

International Pharos Chamber Music Festival 2018

Acknowledged all over the world as Cyprus’ most important annual classical music event, the International Pharos Chamber Music Festival is also recognised as one of Europe’s preeminent music festivals, having gained an unequalled reputation for the quality of its concerts as well as its enchanting atmosphere and settings. Inaugurated 18 years ago, the Pharos Festival…

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