Monthly Archives: April, 2016

Marinas

Ayia Napa marina revised plans

Newswire - April 30, 2016

Ayia Napa is one step closer to getting its marina after the project's revised planning permit was approved and, with other works planned for the town, it will greatly benefit the area's economy.

News

Non-performing loan ratio increases

Stelios Orphanides - April 23, 2016

Non-performing loans (NPLs) ratio in the Cypriot banking system stood at 48.9 per cent of total loans at the end of February, up from 45.8 per cent in December, according to data released by the Central Bank of Cyprus.

Investment

Fitch affirms Cyprus at B+

Nigel Howarth - April 23, 2016

Fitch Ratings has affirmed the long-term credit rating of Cyprus B+, with a positive outlook, but warned that "banks remain fundamentally weak and pose an ongoing risk to the economy and public finances."

Investment

Plans for luxury apartments in Larnaca

Evie Andreou - April 20, 2016

Lebanese investor Yussef Kanaan has announced plans to invest €15 million to build luxury apartments in Larnaca on land that he purchased for €3.5 million and expects to get a building permit within the week.

Marinas

Bids submitted for Ayia Napa marina

Staff Reporter - April 19, 2016

More than 25 years after initial studies into five marina projects were undertaken, bids for the construction of the Ayia Napa marina have been submitted to the company in charge of the project M. M. Makronisos Marina Ltd.

News

Property sales continue to improve

Nigel Howarth - April 13, 2016

Property sales in Cyprus increased in March 2016 compared to the same period last year, according to official statistics published by the Department of Lands and Surveys, with sales up by 19 per cent.

Monthly Archives: April, 2016

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