Tourist investments and risks

Tourist investments and risks

A lot of investment has been undertaken for touristic development ranging from hotels to quality places of entertainment and even more important addressing the upgrading of staff, food and service. Previous years with the tourist arrivals have been increasing by approximately 8% p.a. and this, coupled with the planning relaxation given by the then Government, … Read more

Cyprus real estate on steady path , – what’s lies ahead?

Cyprus real estate on steady path , – what’s lies ahead?

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

Larnaca, ’s great unknown potential

Larnaca, ’s great unknown potential

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 investment destination

Cyprus remains a prime investment destination

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

Woman arrested at airport for drug smuggling

Woman arrested at airport for drug smuggling

A 31-year-old woman was arrested at Larnaca airport with 5,879 pills and nine packets of white powder – believed to be controlled substances – in her luggage.According to the police, the woman’s luggage was opened at around 7.45pm on Wednesday during routine checks to prevent drug trafficking. The woman was arrested and will be taken … Read more

‘, All we see is black,’ Paphos residents mourn fire destruction (Update 4)

‘, All we see is black,’ Paphos residents mourn fire destruction (Update 4)

Firefighters were battling ‘continuous and intense’ flare-ups between the communities of Polemi and Kourdaka, fire service spokesman Andreas Kettis said on Wednesday afternoon.The fire that broke out on Tuesday near Polemi is estimated to have destroyed eight square kilometres of land, including houses and animal farms. “The flare ups are being dealt with. Ground forces … Read more

Paphos District Organisation President calls blaze a tragedy

Paphos District Organisation President calls blaze a tragedy

Charalambos Pittokopitis, the newly elected President of the Paphos Provincial Autonomy Organisation, described a wildfire engulfing a large area of Paphos as a “tragedy.” Pitokopis said he visited the firefront, speaking with the Director of the Department of Forests. He questioned why the Director, an experienced firefighting professional, was at the Crisis Management Centre in … Read more

Exit poll touts Prountzos as Nicosia mayor, Nicolaides for Limassol

Exit poll touts Prountzos as Nicosia mayor, Nicolaides for Limassol

An exit poll by Alpha showed Charalambos Prountzos as the popular candidate for Nicosia mayor, where he gathered up to 56 per cent of supporters.This left his main rival Nicos Tornaritis lagging behind with 42 per cent. Prountzos is supported by Akel, Edek and Volt, while Tornaritis has the backing of Disy, Diko, Depa and … Read more

Leaders and candidates stress importance of voting with elections underway

Leaders and candidates stress importance of voting with elections underway

Voting started at 7am across Cyprus on Sunday, with 698,896 registered voters eligible for the election of six MEPs and local authority posts.Chief returning officer Elikkos Elia confirmed the timely opening of all 1,847 polling stations in the Republic, along with ten stations in Greece. Additional polling stations in Belgium and the UK opened later, … Read more