SETAI Residences: the ideal investment by Karma Developers
Fact: Karma Developers’ SETAI residential project in Limassol offers apartments for investment with a return of up to 6 per cent.
investment
Cyprus investment funds see , €293 million rise in asset value
Total assets of investment funds in Cyprus increased by approximately €293 million in March 2024, reaching €6.78 billion.
North clamps down on foreigners buying property
The fact described in the text is that the north’s ‘parliament’ passed a law clamping down on foreigners buying property, limiting them to one house or apartment on less than 2,500 square meters of land.
Energean reports new gas discoveries, robust Q1 financial results
Energean, a London-based independent exploration and production company, announced the discovery of new gas findings in the Mediterranean during its first-quarter financial results disclosure.
City of London calls for financial regulators to find a growth , ‘mindset’
Britain’s regulators lack the mindset to boost growth and the financial sector’s global competitiveness, according to the City of London.
UK to hold general election on July 4, as Labour leads polls
British Prime Minister Rishi Sunak has called for a national election on July 4, where voters will choose between stability with him or the unknown with Labour leader Keir Starmer. Sunak, who is behind in the polls, is taking a risk by calling the election earlier than expected. Both parties have begun campaigning, with Sunak accusing Labour of planning to increase taxes if in power, while Labour criticizes the government for economic mismanagement. If Labour wins, Britain will have had six prime ministers in eight years for the first time since the 1830s. Starmer has pledged to “rebuild Britain” if Labour forms the next government. Sunak hopes to capitalize on uncertainty and economic gains to boost his party’s fortunes in the election.
Federal government ‘ghosted’ civil society on REIT tax treatment decision: housing advocates
The REIT structure is not a tax loophole, but a way to democratize real estate investment.
Case remains for BoE to start cutting rates
The CEO of a financial advisory firm believes that the Bank of England should start cutting interest rates this summer despite UK inflation data showing mixed signals.
‘, Time to choose’: Rishi Sunak calls UK national election for July 4
British Prime Minister Rishi Sunak called a national election for July 4, with his Conservative party expected to lose to the opposition Labour Party. Sunak emphasized his achievements in government and urged voters to choose between progress or uncertainty. Labour leader Keir Starmer focused on the need for change. Sunak, trailing in opinion polls, is taking a risk by calling an early election, facing challenges within his party and economic uncertainties. Both parties are already campaigning on economic and defense issues. If Labour wins, it would be the sixth prime minister in eight years. Some Labour officials are concerned about undecided voters and the need for a significant swing in votes to secure a majority. Sunak may be banking on a controversial asylum seeker scheme to boost his party’s chances.
Philip Morris Cyprus unveils path to cigarette-free island
Philip Morris Cyprus aims to make Cyprus the first smoking-free country in Europe. Over 55,000 Cypriots have transitioned to better alternatives to cigarettes, with revenues from new tobacco products exceeding 70% of total sales. The company’s General Manager emphasized the benefits of this transition for public health, the environment, and the economy. President Nikos Christodoulides praised the company’s efforts towards a cigarette-free world, while CEO George Margonis highlighted the company’s investment and vision for a cigarette-free future. Philip Morris supports strict legislation and control of sales to young people and is raising awareness on related matters. Through science, technology, and support from various sectors, the vision of a cigarette-free Cyprus is becoming a reality.