In the near future, the Cyprus property market is expected to continue on its dynamic path, however, it will not be a bed of roses, and strategic planning will be crucial to navigate changes and challenges ahead. In the next couple of years, we should expect to experience moderate growth as high interest rates stabilise … Read more
EU VAT in the Digital Age (ViDA) Proposal | Tax Foundation Europe Skip to content Home • Blog • The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer discuss the EU’s VAT in the digital age (ViDA) proposal once again after Estonia’s veto on 14 May. The updated ViDA proposal, published … Read more
It is noticeable how city centres can change from one day to another, so to speak. Larnaca, the “poor” relative of all towns, partly due to its unfortunate vocal pressure groups and some municipal corruption in the past, has been left behind in its development. The very recent upgrade of the original town with numerous … Read more
Cyprus remains a prime destination for investors eyeing lucrative deals in the real estate sector, as the island offers a variety of investment opportunities for both local and foreign investors, according to a leading real estate company. The biggest opportunity at the moment is on the south east coast, in Larnaca, as the government moves … Read more
Real Estate I ‘escaped’ Texas for Tennessee. I loved the food and tech scene, but got tired of the heat and rising property taxes. Alcynna Lloyd 2024-06-03T19:57:55Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter … Read more
The cost of buying houses or apartments in Cyprus has become a big issue, especially in recent years. The level of residential rents has increased by around 20% in the last 2 years. Various proposals have been made to alleviate the problem, including increasing area ratio, abolishing minimum areas, and creating low-cost units. Immediate measures are needed to address the housing crisis, such as tax reductions for landlords who rent out apartments and implementing summary eviction procedures. Colleges and universities could also play a role in providing housing for students. The Housing Finance Corporation and Land Development Agency may not be able to effectively address the issue.
Anisur Rahman, a 24-year-old Bangladeshi national, died on April 10 after jumping off a fifth-floor balcony during a police raid on the Limassol apartment he was living in with 10 other individuals. The ombudswoman’s independent investigation into his death has been put on hold as the police file was denied to her and is being investigated by an independent authority following a complaint by Kisa NGO. The other individuals found living in Cyprus illegally are detained for possible witness testimony. The landlord of the apartment where Rahman lived has not been found at fault and other tenants continue to live there. Rahman’s death sparked protests in Limassol and Nicosia against racism faced by third-country nationals in Cyprus.
Egypt has detained students promoting pro-Palestinian boycotts and solidarity campaigns, along with many others protesting against Israel’s military campaign. At least 125 people have been arrested since the Gaza war began in October, with 95 still in pre-trial detention. The crackdown on dissent in Egypt has intensified since 2013, with tens of thousands arrested for speaking out against the government. Public demonstrations are outlawed, and authorities fear protests over the Israeli-Palestinian conflict could fuel political dissent.
Slovak Prime Minister Robert Fico was released from the hospital in Banska Bystrica and taken to his apartment in Bratislava after recovering from an assassination attempt. The attacker, 71-year old Juraj C., hit Fico with four bullets at short range during a government meeting in Handlova on May 15.
Fire crews responded to a total of 31 incidents in a 24-hour period, including 22 fires. One significant blaze engulfed the enclosed balcony of a third-floor apartment in Nicosia, causing extensive damage. Another fire occurred in a prefabricated building in Athienou, spreading to a kitchen and parking area. Lastly, firefighters extinguished a car fire involving a Nissan vehicle on the Paphos-Chada road, which also scorched a nearby patch of dry grass. The cause of each fire is under investigation.