MARKET TRENDS

ESM: Three conditions for return to markets

Cyprus’ complete and successful return to the financial markets hinges upon the authorities’ determination to maintain prudent fiscal policy, bank restructuring and structural reforms, the Europea [...]

BY Elena Economou
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Jun 16 2017

President calls Lebanon to invest

Cyprus President Nicos Anastasiades has invited businesspeople in Lebanon to explore ways to invest in Cyprus and take advantage of the wealth of opportunities available in all sectors of the economy. [...]

MARKET TRENDS
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BY Elena Economou
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Jun 15 2017

Golden Visa Program raises €4 billion

The Cyprus Golden Visa Program, which enables non-EU citizens to purchase Cypriot passports and residency permits by investing money in property and other sectors, has raised €4 billion. THE GOLDEN [...]

MARKET TRENDS
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BY Elena Economou
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Jun 14 2017

Property prices rising says Central Bank

THE CYPRUS Central Bank reports that property prices recorded a small quarterly increase of 0.3 percent in the fourth quarter of 2016 in the latest edition of its Residential Property Price Index (RPP [...]

MARKET TRENDS
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BY Elena Economou
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Jun 13 2017

Russian and Arab investors developing land

Russian and Arab investors are buying and developing land in Cyprus with Limassol being their first option according to Marinos Kynegirou, the Chairman of the Cyprus Real Estate Agents Association. IN [...]

MARKET TRENDS
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BY Elena Economou
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Jun 12 2017

Anastasiades on an official visit to Lebanon

President Nicos Anastasiades arrived in Lebanon on Sunday for a three-day official visit. Anastasiades is to hold official talks on Monday with Lebanon’s President Michel Aoun. Among the issues to b [...]

MARKET TRENDS
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BY Elena Economou
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Jun 11 2017

Gesy row deepens, parties cry foul

Opposition parties Diko and Edek on Friday dismissed as slander claims that they launched last-minute attempts to wreck the national health scheme (Gesy) and that, on the contrary, it was the last two [...]

MARKET TRENDS
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BY OPulse Admin
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Jun 09 2017

Cyprus moving towards a second fuel storage terminal

Discussions between the Cyprus Organisation for Storage and Management of Oil Stocks (KODAP) and the European Investment Bank (EIB) for the financing of a fuel storage terminal are progressing smoothl [...]

MARKET TRENDS
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BY Elena Economou
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Jun 09 2017

UK election deals May a crushing blow, blurring Brexit talks

Prime Minister Theresa May was fighting to hold on to her job on Friday as British voters dealt her a punishing blow, denying her the stronger mandate she had sought to conduct Brexit talks and instea [...]

MARKET TRENDS
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BY Elena Economou
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Jun 09 2017

Cyprus makes Cyta privatisation move

In the first phase, the bill calls for the creation of a successor company that – pending a date issued by a cabinet decree – will be a private entity tasked with running the authority. Unions, al [...]