Foreign investors have not lost their appetite for Cypriot properties, nor are they discouraged by a rise in interest rates, as sales doubled in the third quarter of 2022, compared to last year, according to the Land Registry. Talking to the AGM of the Cyprus Real Estate Agents Association (CREAA), Elikkos Elia, the Land Registry
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The European Commission has approved a Cypriot voucher scheme for €12 mln to help households have better access to high-speed broadband services to foster the country’s digital transformation. According to an announcement, the scheme supports the take-up of broadband services over the existing infrastructure, ensuring wider availability of high-speed broadband services. The scheme will run
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The move of tanker giants Frontline to Cyprus is now official as the company’s shareholders have backed the decision of their CEO and founder John Fredriksen to re-domicile in Limassol next year. The major ship-owning company registered in Bermuda and listed on the New York Stock Exchange had initiated the transfer of its activities to
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A Cypriot team will raise the Cyprus flag in Antarctica on Christmas Day, in the coldest, highest, windiest, and driest continent on Earth, where the lowest temperature recorded was -89.2C. It is part of a project to raise the “Cypriot flag on the highest peaks of the world” under the auspices of the Cyprus Olympic
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A looted Cypriot jug from the 8th century BC offered for sale on the Dutch art market was recently returned to the Republic of Cyprus. After being handed over to the director of the Cyprus Department of Antiquities, it was loaned to the National Museum of Antiquities in Leiden. The jug was returned by auctioneer
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The 4-year-old girl intubated at Makarios Hospital for strep A was transferred to Israel in “one of the Health Ministry’s most complex air transportation of a patient”. Talking to the Cyprus News Agency on Wednesday, Christina Yiannaki, permanent secretary of the Health Ministry, said a team of doctors from the Telasomer University Hospital in Israel
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Italian giant Eni and France’s TotalEnergies have made another “significant gas discovery” in Block 6 offshore Cyprus, the Cypriot Energy Ministry said Wednesday. It is the third such discovery from the consortium that has a lead role in Cyprus’ energy search. “According to preliminary estimates, the quantities of natural gas is between 2-3 trillion cubic
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Cyprus had a more wintery outlook Wednesday after days of sunshine and unusually warm weather; however, meteorologists rule out any hopes of a white Christmas as more sunshine is on the way. In comments to the news site Philenews, the head of the island’s meteorological services, Kleanthis Nicolaides, said that a low-pressure weather system could
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Hellenic Bank has an optimistic strategic plan to generate over €200 mln in pre-tax profits in 2023, driven by changes in interest rates and lower operating costs following the early retirement scheme. On Wednesday, Cyprus’ second-largest lender announced that its board approved a new strategic plan to establish the bank as a leading player in
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Cyprus is weighing a proposal for a gas pipeline from Israel to the island, where it would be processed and exported by ship to Europe as Russia’s war in Ukraine compounds an energy crisis, Energy Minister Natasa Pilides said. Pilides said the government is mulling licensing requests from energy company Energean to move ahead with the plan
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