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All reports tagged with: "Russian"

Cypriot passport investment applications falling

New applications for Cypriot passports under the island’s ‘citizenship-by-investment scheme’ (aka passport-for-cash scheme) are falling, possibly as a result of the stricter rules introduced in May.

Russian overseas property buyers

The results of a survey conducted by the Tranio.Ru Internet Centre of Overseas Property portal provides an insight into Russian overseas property buyers, where and what they are looking to purchase.

Russia and Cyprus close to loan deal

Finance Minister Vassos Shiarly has refused to speculate on Russian media reports that Russia is close to agreeing a loan deal worth 5 billion Euros with Cyprus to prevent it seeking an EU bailout.

Paphos seaplane project comes under fire

Plans to build a multi-million Euro tourist project in Paphos including seaplane landing and take-off facilities and a series of recreational developments have come under fire from the Cyprus Antiquities Department.

Limassol property market doesn’t depend on Russians

The number of real estate transactions for December 2011 was announced this week. Once again, they fell compared with the same month last year (-7%) and 2011 ‘ended’ with an 18% reduction in transaction volume compared with 2010.

Paphos development plans received with scepticism

Perhaps not surprisingly, the grandiose plans for the development of the western coast of Paphos have been received with some scepticism by the local media.

Russians interested in Paphos tourist investment

Almost a month ago a Russian investment group approached the Mayor of Paphos, Savvas Vergas, to present a plan for a number of tourist developments of the town.

Monagroulli angel comes down to earth

Plans to build a record-breaking 135 metre high statue of an angel at Monagroulli on the Island’s southern coast will not be approved unless the height of the statue is reduced to be consistent with the broader character of Cyprus.

Club hits back at world’s tallest statue project critics

Plans to build the world’s tallest statue at Pentakomo/Monagrouli on Cyprus’ southern coast have come in for so much criticism in the local media that the local representative of the Russian Institute has hit back at its critics.

Plans to build world’s tallest statue at Monagroulli

A Russian philanthropic group has plans to build a conference centre at Monagroulli that will incorporate a record-breaking 135 metre high statue of an angel.

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