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Cyprus strong growth momentum continues but…

Cyprus’ economic expansion is set to remain robust, driven by domestic demand, but risks are tilted to the downside, according to the European Commission’s spring 2019 economic forecast.

Cyprus’ vulnerabilities remain significant

The European Commission notes that despite the recent improvement, Cyprus’ vulnerabilities, which are mostly due to long-lasting stock-imbalances, continue to be significant.

S&P raises Cyprus credit rating to BBB-

Cyprus got its investment credit worthiness back on Friday as Standard & Poor’s raised the country’s credit rating from BB+ to BBB- with a stable outlook, five years after the financial collapse.

Limassol upcoming skyline fears

Limassol’s construction ambitions are rising vertically, but many argue that the new high-rise buildings are unsightly and clutter the landscape, but it seems that the problems are far more serious.

June property sales up 28 per cent

The number of properties sold in Cyprus during June rose 28 per cent compared to June 2016 with sales increasing in all districts with the exception of Larnaca according to official figures.

IMF to visit Cyprus

A delegation from the International Monetary Fund (IMF) will visit Cyprus next week for talks to evaluate the economy of the country following the island’s successful conclusion of its economic adjustment programme.

Cyprus economy recovery fragile

Although the Cyprus economy is recovering it is still fragile and it needs to implement key reforms in order to unlock its potential, including the enforcement of property rights, European Commissioner Pierre Moscovici has said..

Chinese investor interest grows

Chinese investors are attracted to Cyprus due to the offer of passports and a recovering economy and are catching up with Russian investors when it comes to Cypriot passports.

Tax incentives may cost €21 million

The property tax incentives designed to attract high-net-worth foreign investors to Cyprus could cost the government up to €21 million a year according to finance minister Harris Georgiades.

An abominable legacy

The former government under President Christofias left behind an abominable legacy, including a wrecked economy, but can the present government under President Anastasiades do any better?

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