investment

Business

‘Construction sector can support Cypriot economy in difficult times’

Cyprus Land and Building Developers Association general manager Mersina Isidorou on Tuesday said that the Cypriot construction sector can help the economy withstand the challenges that it is being faced with. “Our industry is essentially Cyprus’ heavy industry,” Isidorou said, adding that it should once again assume the role of the core pillar of support and help the economy overcome the difficulties and challenges that have

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Business

‘Cyprus property market not going through a bubble’

Council for Registration of Real Estate Agents president Marinos Kineyirou on Wednesday said that the Cypriot property market is not currently going through a bubble, despite the concession that prices have indeed been increasing. “It is a given and expected that as the prices of raw materials continue their upward trend, the final selling prices of new properties will inevitably increase,” Kineyirou said, explaining that the

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Business

Cyprus economy: challenges and prospects

Cyprus’ GDP decrease in 2020 was bound to 5 percent, notwithstanding disturbances in global exchange, supply chains, and air transport. Simultaneously, unemployment was reduced to moderately low, given the conditions, level of 7.5 percent. By 2021, Cyprus outperformed beginning assumptions, arriving at a palatable development pace of 5.5 percent. The better than expected performance in 2021 is mainly attributed to four factors: (a) the containment of

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Business

The economic challenges after Covid–19.

One consequence of the Covid – 19 pandemic and the response to it, is the accumulation of debt by governments and private companies alike. The question, hence, is rightfully raised, what this might mean for growth and stability going forward and what additional policy responses might be necessary, to protect macroeconomic stability, the efficacy of the banking sector and the viability and vitality of the corporate

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Investments

Lebanese Market

IS BUYING A PROPERTY IN CYPRUS A GOOD INVESTMENT? As a large Mediterranean island, Cyprus boasts long stretches of gorgeous beaches, a tranquil lifestyle under the sun, and reasonably priced luxury villas. This makes it incredibly tempting for expats to buy real estate in Cyprus, with most families choosing to either relocate or possess a second home in this piece of paradise. For many years Cyprus

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