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211. Op-ed: Inflation welcomes 'Generation Z'

Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....

212. Property sales hit 14-year high in Cyprus

Property sales in March, as measured by the number of sale contracts deposited at Land Registry offices, hit a 14-year high according to figures released by the Department of Lands and Surveys....

213. Credit Suisse in the hot seat for telling its clients to shred evidence

Just weeks after Credit Suisse was caught telling clients to shred evidence of its loans to Russian oligarchs, the embattled investment bank has decided to pull out of the country....

214. Russians pile into property in Istanbul and Dubai to shelter from sanctions

Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow's invasion of Ukraine and Western sanctions, according to many property companies....

215. Major projects underway in Larnaca, Nicosia

The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once-neglected coastal town of Larnaca, while Limassol, with its high-rises and cosmopolitan lifestyle, is still seeing part of the action....

216. Op-ed: 'The world needs to come clean about dirty money'

On a spring ski break in Colorado last week, I found the town of Aspen buzzing with talk about Roman Abramovich. While the Russian oligarch has rarely been seen in the resort in recent years,...

217. Millionaire flies Ukrainians to Switzerland

Clutching her baby to her breast, Alona Shevchenko's eyes well up with tears as the plane lifts off from Krakow....

218. RCB Bank invites depositors to withdraw their money

RCB Bank will invite its depositors to withdraw their money. According to Kathimerini sources, RCB Bank customers are expected to be able to either receive their deposits on hand or transfer them to other Cypriot banks....

219. Russian embassy in Greece says bank accounts of citizens frozen

The Russian Embassy in Greece said Wednesday it was “concerned” about reports it had received from Russian citizens in the country who said that their bank accounts have been frozen, “without any warning or written notification.”...

220. Consulco hosted the digital event ''UK Economy and Real Estate Outlook''

Consulco has successfully hosted the UK Economy and Real Estate Outlook event, along with four leading organization that have provided insights on the pressures the UK is facing today and their impact on key property markets. ...

221. Where have wealthy Russians disappeared to?

It stretches into the Persian Gulf from Dubai. The man-made archipelago in the shape of a huge palm tree is full of luxury hotels, apartments and villas....

222. Cyprus is losing its Russians, confronting existential questions about its economy

For decades, Cyprus built an economy that courted Russians — Russian tourists, Russian investors, Russian oligarchs. ...

223. Abramovich 'gets rid' of real estate and thinks of selling Chelsea

A Labor lawmaker told the British parliament yesterday that Roman Abramovich was rushing to sell his property in the United Kingdom to avoid possible financial sanctions....

224. Cyprus sees increase in investment funds

The number of investment funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching 8.7404 billion euros, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....

225. Cyprus reaches new record in number of Investment Funds, €8.74 billion in total assets

The number of Investment Funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching €8,740.4 million, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....

226. Alpha bank group sells €2.4 billion NPL and real estate portfolio in Cyprus

Alpha Services and Holdings S.A. (together with its subsidiaries) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. for the sale of a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of 2.4 billion euro....

227. IMF: Forecasts for global recovery reduced to 4.4% for 2022

"The world economy is entering 2022 weaker than previously expected," the International Monetary Fund said in a statement on economic forecasts for the new year. Pandemic, inflation and climate crisis will determine global growth, according to a report by the International Monetary Fund (IMF)....

228. Rental prices are soaring in Britain

Rents in the UK rose at a record rate last year and are expected to continue to rise in 2022, albeit at a slower pace, according to an analysis by Rightmove....

229. Cypriot judge bails Chinese duo on technicality

A mother and son from China facing extradition in Cyprus on investment fraud charges have been released on bail, with a Paphos judge allowing them to walk free citing prosecution paperwork delays...

230. Tatar: A campaign to recognize the pseudo-state

231. Redevelopment of Larnaca port and Marina on track for implementation, Minister says

The €1.2-billion project for the joint redevelopment of the Larnaca port and the Marina area is on track for implementation, Minister of Transport, Communications and Works, Yiannis Karousos, said on Wednesday....

232. Extradition case in Cyprus gets political

Cyprus is in the middle of a politically-charged extradition battle where a mother and son wanted by Chinese authorities are getting support from an American organization backed by Donald Trump’s former advisor...

233. Cyprus economy grew by 5.7% in 2021 according to Eurostat

The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday....

234. Ghislaine Maxwell convicted in Epstein sex abuse case

The British socialite Ghislaine Maxwell was convicted Wednesday of luring teenage girls to be sexually abused by the American millionaire Jeffrey Epstein....

235. In exodus from Lebanon, the well-off find new home in Cyprus

Many well-off Lebanese who escaped their country’s economic tailspin for a new life in the nearby island nation of Cyprus say the transition has been a whirlwind of emotions....

236. Consulco opens its Limassol office

Consulco the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. ...

237. The new investment game

Accelerating the transition to a green economy is a no-brainer. It is no coincidence that it accounts for 36.3% of the total budget of the Recovery and Sustainability Plan...

238. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q1-Q3 2021

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q1 – Q3 of 2021....

239. Nicosia's beautiful facelift

I will start with a prediction: The center of Nicosia will attract huge investments in real estate within the next five years....

240. The technology sector can become the new mainstay of the Cypriot economy

These are some of the key conclusions that emerged from the findings of a survey conducted last October by IMR/University of Nicosia™ on behalf of the non-profit organisation TechIsland. ...