Cypriot Minister of Commerce, Industry and Tourism Neoclis Sylikiotis has stressed the prospects of supplying Europe with natural gas. “The finding of natural gas resources in Cyprus’ Exclusive Economic Zones creates the prospect of shaping a new route of supplying Europe with energy,” Sylikiotis said, speaking after a meeting with opposition Democratic Rally leader Nicos Anastasiades. In addition, Sylikiotis stressed that the finding of natural gas resources creates hopes for the people... [read more]

Cypriot Nobel prize winner optimistic about Cyprus economy 15 February, 2012 The Cypriot economy has a lot of prospects to recover, especially after the findings of hydrocarbon reserves in the island’s Exclusive Economic Zone (EEZ), Cypriot Nobel Prize winner, Christopher Pissarides has said. Addressing Wednesday an event organised in his honor by the House of Representatives, Pissarides said that Cyprus has every reason to hope for the recovery of its economy, noting that the findings of natural gas... [read more]

Property values: Impossible to forecast medium-term trends 11 November, 2011 | Posted By: Financial Mirror GEORGE MOUSKIDES The economic crisis in Cyprus has significantly affected property values downwards over the last three years. What can we expect for prices from here? If someone wants to buy a home or acquire a property for investment when should he proceed? This is very difficult to answer right now as the factors affecting prices are many. These depend on: - The psychology of buyers and se... [read more]

Λεμεσός: Ο φυσικός πλούτος της περιοχής της Κουκάς, δεν ήταν δυνατόν να μείνει μακριά από τη σφ... [read more]

Tourist arrivals from Russia to Cyprus increased by almost 50% in September, compared to the same period last year. According to data released Thursday by the Statistical Service of the Republic of Cyprus, overall tourist arrivals in September 2011 recorded an increase of 5,2%, compared to September 2010 figures. In particular, arrivals of tourists reached 304.260 in September 2011 compared to 289.126 in September 2010, according to the Passengers Survey. It is added that Russian tourists increased by 4... [read more]

Cyprus will become the richest country in Europe Cyprus will become the richest country in Europe after the drilling and financial exploitation of natural gas, Professor of Chemical and Biomolecular Engineering at Cullen College of Engineering of Houston University Michael J. Economides has said. In statements to CNA, on the sidelines of the “Maritime Cyprus 2011” Conference, held here, Economides said that there are indications for immense natural gas reserves within Cyprus’ Exclusive ... [read more]

Major Currencies - Graphs since 1999 - Sept. 2011 (see attached file) European finance ministers announced new steps to fight the debt crisis, running into European Central Bank criticism for doing too little to prevent budget shocks from threatening the euro. Finance chiefs settled on how to enable a permanent rescue fund to lend 500 billion euros ($710 billion) as of 2013, while remaining divided over how to get the current stopgap fund up to its full capacity of 440 ... [read more]

The property market sounded the alarm for the eight consecutive month, since sales continue to drop compared to last year’s low level. Indeed, the sector has shrunk further, raising concerns to the market circles and the government. Sales declined in February while demand was more problematic in the seaside towns, unlike the big urban centres where things were less negative. According to new Land Registry data, the number of deeds of sale in February dropped to 602 against 704 in February 2010 and... [read more]

Moody's Investors Service has today downgraded the deposit and debt ratings of the following six Greek banks: National Bank of Greece SA (NBG), to Ba3 from Ba1; EFG Eurobank Ergasias SA (Eurobank), to Ba3 from Ba1; Alpha Bank AE (Alpha), to Ba3 from Ba1; Piraeus Bank SA (Piraeus), to Ba3 from Ba1; Agricultural Bank of Greece (ATE), to B1 from Ba2; and Attica Bank SA, to B1 from Ba2. The outlook on all these ratings is negative. Moody's re-assessed some banks' intrinsic financial strength (st... [read more]

Με αναπτύξεις αρκετών εκατομμυρίων ευρώ και πολλών χιλιάδων τετραγωνικών μέτρων προτίθεται η Hermes A... [read more]