Central Bank of Cyprus governor Christodoulos Patsalides met with President Nikos Christodoulides to brief him on an impending reorganization aimed at bolstering the CBC’s governance.
Cyprus’ real estate market experienced a notable resurgence in April, with sales reaching 5,000 across the island. Property sales in Limassol increased by 3% in April 2024 compared to the previous year, while Nicosia and Larnaca saw significant growth with sales increasing by 43% and 44% respectively. Conversely, property sales in Paphos declined by 13% in April 2024 compared to the previous year.
President Nikos Christodoulides stated that the construction sector, supported by the Cyprus Property Developers Association (LBDA), plays a vital role in attracting investments, promoting entrepreneurship, and positioning Cyprus as an investment destination.
Fact: Monks and their lawyers involved in the Avvakoum monastery scandal filed a memo to the church investigative committee arguing that the process being followed by the church was unlawful.
Fact: A 34-year-old man from Paphos was remanded in custody for eight days after cannabis and a loaded firearm were found in his house by police. Over 10 kilograms of cannabis stored in 44 packages were also discovered, along with a loaded gun and a set of scales.
Fact: Two men and one woman from Paphos were arrested in connection with a total of 20 burglaries and other thefts.
Efi Xanthou announced she has left the Green Party after a 23-year association due to actions she perceived as undemocratic, including a controversial decision made at a Nicosia district party branch meeting.
Fact: Britain’s opposition Labour Party has increased its poll lead over Prime Minister Rishi Sunak’s Conservatives to stand 30 points ahead, according to a YouGov poll for the Times newspaper.
Fact: A fire in Ayios Sylas, Limassol, was raging out of control on Thursday, with firefighting aircraft being used to help extinguish it.
The Great Britain-Cyprus Business Association’s International Investment Conference 2024 in Limassol aims to enhance business networking between the two countries. Deputy Minister of Shipping emphasized Cyprus Maritime Administration’s commitment to supporting the shipping industry and highlighted the strong diplomatic and economic ties between Cyprus and the United Kingdom. Cyprus has seen a 5.5% increase in ships registered under its flag, and offers diverse investment opportunities. UK Deputy High Commissioner emphasized the UK’s position as a global economic leader and commended Cyprus for its resilience. The conference focuses on promoting real estate and other attractive investment opportunities in both countries.