Cyprus’ Residential Property Price Index recorded an increase of 0.5% in the second quarter of 2019, compared to the previous quarter and an increase of 2.8% annually.

Momentum in the Cyprus real estate market will continue to grow fostered by renewed local and foreign investment recorded, President Nicos Anastasiades said.

Prices of residential properties continued to climb during the second quarter of 2019, despite a dip in demand for high-end properties from foreign buyers as a result of tightened eligibility criteria in the citizenship-by-investment scheme, the Central Bank of Cyprus (CBC) said.

State hospitals will be close to being fully autonomous by the end of the year, the House health committee heard on Thursday, as MPs expressed concern over the course of the endeavour.

Health Minister Constantinos Ioannou said Friday the state intended to ensure private hospitals would remain viable inside the national health system (Gesy), a day after they accepted a framework agreement for joining.

Dimitri Logothetis, the producer/director who just completed Jiu Jitsu starring Nicholas Cage, the first film shot in Cyprus under the new cash rebate programme is now looking to shoot another film on the island, Man of War, with a major action actor.

PwC Cyprus’ trainee accountants have achieved important distinctions in the 2019 examinations of the Association of Chartered Certified Accountants (ACCA).

In 2019 Limassol Del Mar, the flagship development in Cyprus saw a year of sales success and achievements. Starting from day one, the luxury apartments were popular with affluent buyers who wanted to invest in the future of Limassol. Now 80% of its homes now sold across both phases, securing the future investment for the entire construction. This year the subtle sea waves of the Mediterranean Sea opposite the development can be clearly depicted in the distinctive curved architecture that now stands 17 storeys high and can be seen in a new time-lapse video.

EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides information regarding the Cypriot tax system, based on current legislation and tax practices, in relation to the fiscal year 2020.

Cabinet decided on Wednesday to grant government guarantees to the European Investment Bank (EIB) for two loans to Cypriot banks, to be used to finance small and medium-sized enterprises as well as mid-cap companies. EIB will grant a €50 million loan to RCB Bank and a €100 million loan to Bank of Cyprus.