Pafilia Property Developers Group of Companies announced the appointment of the Arabian Construction Company (ACC) and Joannou & Paraskevaides Group (J&P Group) consortium, for the construction of luxury residential project, ONE,in Limassol.

Cyprus and India will sign a new double tax avoidance treaty, the Finance Ministry said, opening the way for the island’s removal from the Indian government’s blacklist.

Tourist arrivals rose 33% year-on-year in October 2016, to 357,194, a new peak for this month of the year, the statistical service said.

There are several great projects which will be developed in Limassol within 2017 and the coming years, according to a Limassol Chamber of Commerce and Industry (LCCI) press release, most of which are private initiatives.

The Cyprus Investment Promotion Agency (CIPA) recently participated in events and seminars in Hong Kong, London, Beijing, Shanghai and Moscow, to promote Cyprus’ economy sectors with investment opportunities to targeted audiences.

Paphos is aiming to increase promotion of the district and has drawn up an action plan for 2017, which includes improvements in the use of social media and other promotional outlets, according to an announcement by the local tourism board.

Data released by the Central Bank of Cyprus show that residential property prices have continued on a stabilising path, recording a small slowdown in their downward trend at the second quarter of 2016.

House prices continued their downward trend, falling an average 0.5% in Q2 2016, compared to January to March, to a level comparable to 2006, the Central Bank said recently.

On Monday November 21, the PRIO Cyprus Centre, in collaboration with the Atlantic Council, the Friedrich-Ebert-Stiftung in Cyprus, Istituto Affari Internazionali and Strata Insight, is organising the fourth of its international public conference series on energy in the Eastern Mediterranean.

Bank of Cyprus plans to list in London, only three years after depositors were forced to rescue it as part of a 2013 international bailout of the Mediterranean island.