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121. Nicosia real estate market surges, indicating recovery

Nicosia, the capital city, has broken free from a six-month period of stagnation, exhibiting promising signs of recovery....

122. Declining new loans in Cyprus signals economic shifts

In April 2023, Cyprus experienced a notable decline in new lending, as reported by the Central Bank of Cyprus. ...

123. Parliament approves reduced VAT rate on first homes

The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including both houses and apartments...

124. Finance minister warns of VAT consequences

With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....

125. April records a decrease in loan volumes

The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....

126. Racial undertones uncertain in Ayia Napa brutal assault

A Turkish Cypriot woman, who was brutally assaulted over the weekend during an escalated altercation with Greek Cypriot men in Ayia Napa, says she is shocked but hopes there will be no worsening of relations between the two communities over the incident...

127. Luxury villas for sale by AstroBank

128. Cyprus transforms into wintry wonderland with rain and hail

On Tuesday (30/05), Cyprus experienced a sudden change in weather with heavy rainfall and hail across the island, creating a wintry scene. The Met Office has issued a yellow warning for severe thunderstorms, attributing the unstable air mass as the cause....

129. EC challenges 5% VAT proposal for primary residences

Finance Ministry Director-General George Pantelis informed the parliamentary Finance Committee that the European Commission disagrees with the consensual proposal agreed upon in Parliament regarding the imposition of a reduced VAT rate on the construction or acquisition of a primary residence....

130. Gigantic heap of unused clothing seen from space

A giant dump of unused fast fashion clothing in Chile's Atacama Desert is now clearly visible to satellites....

131. Houses and building land for sale by AstroBank

AstroBank is selling houses and building land in various areas of Cyprus such as Nicosia, Famagusta, Paphos, and Larnaca....

132. Building land and offices for sale by AstroBank

AstroBank is selling building land, houses, and office space in various areas of Cyprus such as Famagusta, Larnaca, Paphos, and Nicosia....

133. Building land and offices for sale by AstroBank

AstroBank is selling building land, houses, and office space in various areas of Cyprus such as Famagusta, Larnaca, Paphos, and Nicosia....

134. Heavy rain and hail hit parts of the island today

Since early Saturday morning, the island has been experiencing severe weather conditions caused by low pressure. The Cyprus Meteorological Service has issued a yellow warning for strong storms and hail, effective from 11:00 am to 6:00 pm....

135. 141 million people have passed through barricades in 20 years

The Press and Information Office reported that, according to an April 29 article from the Halkin Seshi newspaper, a grand total of 141 million individuals have traversed the barricades towards the occupied or free areas since the opening on April 23, 2003....

136. Russian officials attempt to link cultural centre fire to malicious activity

According to the competent authorities of the Republic of Cyprus, the fire that broke out at the Russian Cultural Centre on Wednesday afternoon was determined to be caused by human error, specifically by a cigarette lighter. ...

137. Fire breaks out at Russian Cultural Center in Nicosia

A big fire broke out on Wednesday (26/04) at noon at the Russian Cultural Center in Nicosia....

138. Cyprus faces economic losses due to rejected renewable energy production

The issue of storing electricity from renewable energy sources has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday in Cyprus....

139. The real estate industry's crucial turning point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

140. Strovolos authorities ramp up efforts to locate dangerous pack of dogs

Efforts to locate the pack of stray dogs roaming the Strovolos 'Gramiko' park have been ongoing since Saturday, April 15th, with the assistance of the Dog Branch of the Cyprus Police....

141. Snowfall blankets Troodos just days before Easter

A wintry night on Wednesday brought severe weather to Cyprus, causing various problems. However, the snowfall that followed transformed Troodos into a magical landscape....

142. Higher prices for Easter meat: Lamb sees a 25% increase, beef up by 15%

A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....

143. Cypriots aren't shying away from trendy Easter getaways

Cypriots seem to have resumed their travels vigorously, with many of our fellow citizens opting for long getaways for the Easter holidays. Speaking to K, Acta's spokesman, Harris Papacharalambous, said that demand is at pre-coronavirus levels for both inbound and outbound travel....

144. €130M grant plan proposed for 358 refugee apartment buildings

In an effort to effectively manage buildings in government housing estates and address observed structural issues, the Ministry of Interior has prepared a comprehensive Sponsorship Plan to be presented at Friday's Cabinet meeting. ...

145. Updated traffic schedule eases burden, but requires motivation and deterrents

The flexible working hours in the public service, which were passed by Parliament on Thursday and will come into effect from May 1, are expected to provide some relief to Nicosia's traffic problem....

146. Surplus of €363 mn recorded in Cyprus in Jan-Feb 2023

A surplus of €363 mn or 1.3% of GDP for the period of January-February 2023, according to the preliminary General Government fiscal results, published by the Statistical Service of Cyprus on Friday....

147. Nikos Christodoulidis meets with President Sisi in Cairo

Cyprus’ President, Nikos Christodoulides, arrived in Cairo on Wednesday for a two-day visit, while later in the day he is to hold talks with his Egyptian counterpart, Abdel Fattah El-Sisi....

148. Authorities identify robbers behind 180,000 Euro diamond heist

A jewelry store in Limassol was robbed on Monday afternoon, with the perpetrators stealing a diamond worth 180,000 euros and weighing five carats....

149. Inside the high-stakes prosecution of a former president

Former U.S. President Donald Trump has made history by becoming the first president to face criminal charges before a court of justice in the United States. ...

150. Temporary high pressure, thin dust and isolated rains expected

Today, we have a weak high pressure temporarily affecting the area, while weak low pressure is expected from tomorrow....