Total-Eni application for block 7

The Ministry of Energy, Commerce, Industry and Tourism has announced a single application from joint venture Total E&P Cyprus B.V. / Eni Cyprus Limited, for a license to carry out [...]

MARKET TRENDS
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BY Elena Economou
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Nov 28 2018

DBRS upgraded Cyprus’ economy to investment grade

DBRS Ratings Limited (DBRS), in a Friday’s report, upgraded the Republic of Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings from BB to BBB (low) and its Sh [...]

FINANCE
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BY Elena Economou
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Nov 27 2018

President: New model for the economy

President of the Republic of Cyprus Nicos Anastasiades has presented his vision for the new model for the economy, referring to 14 important reforms, through which the government aspir [...]

MARKET TRENDS
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BY Elena Economou
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Nov 26 2018

Golden visa funds could be used for subsidising rents

The government said it is open to the idea of channelling a portion of the proceeds from the citizenship-by-investment scheme to funding a soon-to-be-unveiled affordable housing programme. Speaking i [...]

MARKET TRENDS
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BY Elena Economou
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Nov 24 2018

Facebook Accused of Dark PR Tactics

Facebook faces a new controversy over alleged tactics it used to discredit its critics, embarrass rival firms and downplay problems at the company.The New York Times has publis [...]

MARKET TRENDS
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BY Elena Economou
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Nov 19 2018

FinMin: Practices of maintaining large non-EU deposits and shell companies are over

The practices of maintaining large deposits by non-EU citizens accompanied with shell companies (companies with no physical presence) are finished, Cyprus Minister of Finance Harris Ge [...]

FINANCE
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BY Elena Economou
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Nov 16 2018

RCB Bank Named Safest Bank in Cyprus for Third Consecutive Year

RCB Bank for the third consecutive year has won the prestigious “Safest Bank in Cyprus” award by the internationally renowned Global Finance magazine. In its exclusive ann [...]

FINANCE
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BY Elena Economou
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Nov 15 2018

Lakkotrypis: Cyprus energy planning on track

A drill is in place on block 10 of Cyprus’ Exclusive Economic Zone (EEZ) on the spot where the drilling will take place, Energy Minister Yiorgos Lakkotrypis said on Monday, assuring [...]

MARKET TRENDS
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BY Elena Economou
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Nov 14 2018

Limassol Del Mar: Construction Works are in Full Swing

Limassol Del Mar is a fully licensed, pioneering and luxurious project, which constitutes a developmental milestone of high standards, not only for Cyprus but also worldwide. [...]

MARKET TRENDS
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BY Elena Economou
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Nov 13 2018

Building Permits Increase Significantly in 2018

Building permits authorized by the municipal authorities and the district administration offices increase by 342 during the period January – August 2018, according to data re [...]

MARKET TRENDS
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BY Elena Economou
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Nov 12 2018