Property News
The construction of the first casino in Cyprus
The Council of Ministers of the Republic of Cyprus has approved a creation of the first legal casino in Cyprus.
Cyprus was ranked 64th with regard to the ease of doing business
According to the recently published The Doing Business Report, which is annually elaborated by the World Bank Group, Cyprus was ranked 64th on the ease of doing business out of 189 countries that were compared in the ranking. The original report can be found on the website of The Doing Business Org.
Tax Break for early payment of IPT
The Cyprus International Financial Services Association has highlighted that those paying the Government their immovable property tax dues before October 31, 2014, ahead of the November 30, 2014, deadline, will receive a 15% discount, TaxNews reports.
The outcome of the trial drilling will be known in the nearest future
According to the Ministry of Energy in Cyprus, the results of the trial drilling will be out soon. According to the Minister of Energy George Lakkotrypis, from the results it will be possible to construct a clear picture of how the natural recourses could be used in the future.
Aegean and Ryanair are competing for the acquisition of Cyprus Airways
A well known Greek airline company Aegean Airlines and the European market leader of aviation services Ryanair are the two main pretenders for the acquisition of Cyprus Airways. According to Cyprus media, by the end of the tender process, the government has received a total of nine acquisition proposals. Although,...
The construction of Cyprus` first casino resort will be done through an international public tender procedure
According to the Ministry of Energy, Commerce, Industry and Tourism of the Republic of Cyprus, the potential investor for the construction of a casino will be announced by the end of the summer 2015.
Possibility of a tram system in Nicosia
The Ministry of Transport is taking into consideration the idea of constructing a tram system in Nicosia.
The hotels that will remain open during the winter season may reduce an unemployment rate in Cyprus
The main idea behind this plan is that all unemployed citizens can apply for jobs in the hotels that were previously closed during the winter season.
Hermes Airports have established electronic exits
The new system of E-gates is an automatic system that is located in the boarding areas of the airport and allows passengers to proceed directly to check in. This is just the first phase of the system.
RCB BANK LTD has successfully passed an asset quality review (AQR)
RCB BANK LTD has successfully passed an asset quality review (AQR) and the stress tests under comprehensive assessment conducted by the European Central Bank (ECB). The stress tests showed that the Bank’s Common Equity Tier 1 ratio (CET1) in the adverse scenario is more than twice the minimum requirements.
A lecture on the title deed subject has been fully booked within a week of its announcement
A lecture on the subject of title deeds which will take place early in December at the Technopolis 20 Cultural Centre in Paphos has been already fully booked.
The discovery of hydrocarbons can stimulate Cyprus and Lebanon reach stability
Cyprus and Lebanon believe that the discovery of hydrocarbons reserves in the Eastern Mediterranean can encourage both countries to take steps toward stability and cooperation in the region.