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Tag: Cyprus

  • Cyprus now has full 5G coverage

    Cyprus now has full 5G coverage

    Cyprus now has full 5G coverage The first EU member to achieve blanket coverage   Cyprus has become the first EU member-state to achieve 100 per cent 5G population coverage, even in its remotest areas, Cyta announced on Monday. The announcement came after the network reached the village of Sykopetra in Pitsilia, the final stop […]

  • Iconic musicians from New York perform in Cyprus

    Iconic musicians from New York perform in Cyprus

    Iconic musicians from New York perform in Cyprus Mark Whitfield and jazz double bassist Ari Roland will join local veteran Charis Ioannou   Music lovers are in for a treat this May as world-renowned musicians from New York are travelling to the island for three unmissable performances. Acclaimed drummer Joe Farnsworth, Grammy award-winning guitarist Mark […]

  • A hidden treasure in Cyprus

    A hidden treasure in Cyprus

    A hidden treasure in Cyprus A beautiful mountain range in Episkopi   Every March, the endless landscape of Episkopi village in Paphos offers spectacular views. The area boasts nature trails, diverse flora and fauna, ancient ruins, hermit’s caves, rivers and streams and a rare enormous rock that predates humanity. The Ezousa valley, where the village […]

  • Inflation in Cyprus rises to 5.4% in Jan

    Inflation in Cyprus rises to 5.4% in Jan

    January 2022 recorded a spike in Cyprus inflation, rising to 5.4% on an annual basis, according to official figures, in line with the trend recorded in the rest of the eurozone. It is reminded that in Greece the European Union-harmonized inflation was measured at 5.5% year-on-year last month, according to Eurostat. At the same time, […]

  • Cypriot could be nominated for Oscar

    Cypriot could be nominated for Oscar

    Cinematographer Haris Zambarloukos could this week become only the second Cypriot ever to be nominated for an Oscar. THEO PANAYIDES talks to his old friend about loving what you do and belonging at sea or on a film set The empty office behind Haris Zambarloukos on our Zoom call could be anywhere – but in […]

  • When is VAT payable when buying Property in Cyprus

    When is VAT payable when buying Property in Cyprus

    VAT was introduced in Cyprus on the purchase of brand new property (since Cyprus’ accession to the EU in May 2004) and on the purchase of the land (from January 2018). The VAT rate is 19% and this is usually additional to the purchase price. The seller is obliged to collect the VAT from the […]

  • Strong apartment demand fuels property price rise

    Strong apartment demand fuels property price rise

    Property prices in Cyprus rose during the third quarter of 2021, a report by the Central Bank of Cyprus released on Friday revealed. According to the central bank’s quarterly report on Residential Property Price Indices, the price increase was primarily driven by apartment property sales. At the end of the third quarter, property prices rose […]

  • Strong demand for apartments raising property prices in Cyprus

    Strong demand for apartments raising property prices in Cyprus

    Property prices in Cyprus rose during the third quarter of 2021, a report by the Central Bank of Cyprus released on Friday revealed. According to the central bank’s quarterly report on Residential Property Price Indices, the price increase was primarily driven by apartment property sales. At the end of the third quarter, property prices rose […]

  • Smaller dams set to overflow

    Smaller dams set to overflow

    Smaller dams are expected to overflow in the coming week while stocks in all the dams are currently at 60.4 per cent of capacity, the water development department said on Friday. The corresponding figure for the same period last year was 73.2 per cent. “This is a good year,” chief technical officer Marios Hadjicostis told […]

  • Why invest in Cyprus

    Why invest in Cyprus

    As a business owner, you can make money from any corner of our expansive planet; all you need is an opportunity and the knowledge, willingness and resources to develop it. Luckily, setting up business operations abroad is easier than ever, with the movement of goods, services and people across an ever-shrinking globe contributing heavily to […]