Cyprus News

Cyprus registered, once again, the largest annual decrease in unemployment for August 2018, according to Eurostat, the statistical office of the European Union. Unemployment in Cyprus dropped from 10.5% in August 2017 to 7.5% (7.0% in males and 7.9% in females) for August 2018 (or from 45 000 to 33 000 individuals), further down from [...]

An impressive new arrival in Larnaca is enhancing the town’s tourist profile, as the Radisson Blu Hotel has officially begun operating as Cyprus’ first business hotel. Located in the center of Larnaca besides the harbor and a mere 10 minute away from Larnaca International Airport, Radisson Blu Hotel promises a stay of the highest quality. [...]

A EUROPEAN Commission report suggests that the high number of mortgage-backed NPLs is pushing property prices downwards. According to the EC’s report entitled ‘Housing Market Developments in Cyprus‘ the large mass of NPLs is on the one hand affecting banks’ capacity and willingness to give out housing loans, and on the other is putting pressure [...]

Egypt and Cyprus on Wednesday signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt. The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el-Molla. The Energy Minister, Mr. Lakkotrypis said the agreement aimed at ensuring the timely and safe development, [...]

General information on all things Brexit has been very patchy to say the least but it is important for British Citizens living in Cyprus to do as much as they can to prepare themselves for what is to come in March 2019. Nothing is totally decided yet so all information is still subject to change [...]

Horse Riding might not be the first activity on your mind when you arrive at the Aphrodite Hills Golf Resort but it is actually a fabulous opportunity to appreciate the calm and beauty of the slice of Cyprus countryside which surrounds the Resort. Hidden 3km into the hills above the resort this well run riding [...]

Limni golf resort is now down to EU Although planning permits for the controversial multi-Euro golf course and resort complex at Limni have been issued, the EU has yet to receive details to ensure they comply with their environmental recommendations. Filed Under THE GREEN light granted to the controversial Limni Bay project in the form [...]