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Archive for 2019

Larnaca high-rise developments planned

Larnaca may soon be joining Limassol, Paphos and Nicosia in the high-rise towers club, providing that the application for a town planning permit is approved by the Larnaca Municipality

Clouds gathering over the Cyprus economy

Risks, driven by world economy deceleration, Brexit as well as Cyprus’ domestic challenges are clouding the medium-term outlook of the Cypriot economy, an economic conference has heard.

Citizenship schemes need greater scrutiny

During his visit Cyprus, the Prime Minister of Malta Joseph Muscat said that level of scrutiny regarding European citizenship schemes needs to be upped and that, generally speaking, Malta’s system was in order.

617 new homes in October

Building permits for the construction of 617 new homes in Cyprus were authorised during October 2018; an increase of 13.6 percent compared with the corresponding month in 2017.

Property: trust the numbers not the rumours

When it comes to property trust the numbers, not rumours says Yiannis Misirlis commenting on the views of Nobel Laureate in Economics Christopher Pissarides last Sunday.

EU citizenship schemes need full transparency

Cyprus has been told that all EU citizenship schemes need to have full transparency and Brussels has deployed experts to ensure these schemes prevent tax evasion, money laundering and security threats

Pissouri landslide MP plans after-dark visit

Victims of the landslide in the Limnes area of Pissouri are puzzled why MP Demitris Syllouris is planning to visit the area after dark when it will be impossible to see the destruction.

EC closes infringement case on Limni project

The European Commission has effectively given the green light to the contentious Limni bay development project by closing infringements proceedings against Cyprus on Thursday.

Ayia Napa golf course plans rejected

Plans to build a golf course at Ayia Napa have been given the thumbs down by the Environmental Department as it will have significant negative and irreversible effects on the environment.

Passport-for-sale schemes pose crime risks (Update)

The EU says that passport-for-sale schemes by Malta, Cyprus, and Bulgaria pose risks of infiltration of non-EU organised crime groups in the economy, money laundering, corruption and tax evasion.

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