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19th March 2024
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Monthly Archives: March, 2012

Deal for development of old Larnaca airport signed

The Island's airport operator Hermes signed a multi-million Euro deal with Chinese company Far Eastern Phoenix early this morning for the redevelopment of the old Larnaca airport facility.

Property prices continuing to fall says RICS

RICS Cyprus reports that prices of apartments and houses nationwide continued to fall during the fourth quarter of 2011 in the ninth issue of its Property Price Index with the hardest hit areas being Limassol and Paralimni.

Vasilikon cement factory workers return to work

Workers at the Vassilikos cement company in Limassol have ended their indefinite strike following a meeting yesterday at which the Cyprus Labour Minister, Sotiroulla Charalambous, put forward a mediation proposal.

Cabinet reshuffle after finance minister quits

Following the resignation on health grounds of Finance Minister Kikis Kazamias last Friday, a mini-reshuffle of the Cyprus cabinet was announced earlier today with Neoclis Sylikiotis taking over as the minister for Commerce And Industry.

Paphos homes in danger of collapse after heavy rain

Although their houses are only a few years old, residents living on an estate at Armou in Paphos have been warned to leave their homes as they are in real danger of collapse if heavy rain continues.

Almost one in four properties are co-owned

Twenty four percent of properties in Cyprus, about 274,000, are co-owned of which the majority are located in Famagusta according to information received by MP Ionas Nicolaou of the DISY party.

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