Forestry Department offers real Christmas trees for sale

The Department of Forests has announced the sale of real Christmas trees to the public, sourced from forest plantation thinning operations. The trees, primarily black and brutia pine with a limited number of fir trees, will be available at affordable prices. Sales will run from November 27, to December 20, 2024 at nine forestry stations across Cyprus, including locations in...

Cyprus property market shows strong momentum, KPMG reports

KPMG Cyprus has released its 13th Real Estate Market Report, highlighting continued expansion in property development across the island, with a particular focus on residential projects. The report shows improving market liquidity in 2023 and early 2024, with Limassol maintaining its position as the dominant market, particularly in the luxury housing sector. Larnaca emerged ...

“Once Upon a Time” for two more performances on Christmas Eve

The sold-out premiere of the new production of the Nicosia International Festival, “Once Upon a Time”, a show for audiences of all ages – children and parents alike- took place on Saturday, November 16. Following the success of the first three performances, the Nicosia International Festival is adding two more performances on Tuesday 24 December 2024, Christm...

Cabinet approves 2% mortgage subsidy for first-time home buyers

The Council of Ministers has approved significant measures addressing housing and cost of living issues, including a 2% interest rate subsidy for mortgages taken between January 1, 2022 and December 31, 2023. The Ministry of Finance will begin accepting applications for the subsidy scheme, which applies to mortgages for purchasing or building first homes. The programme is ava...

Paphos airport expansion public consultation ends today

The public consultation period for the proposed Paphos airport expansion ends today, following the recent presentation of an environmental impact study in Timi. The study, presented to local authorities and community groups, concludes that the expansion project, which includes runway extensions and terminal building improvements, will not significantly affect the environment o...

Cyprus to issue new 13-week Treasury bills at estimated 2.95-3.05% yield

Cyprus will issue new Treasury bills on Monday, November 25, 2024, with a 13-week maturity period ending February 28, 2025. The bills are expected to yield between 2.95% and 3.05% on an annualised basis. Treasury bills have attracted increasing interest from both private and corporate investors. The previous auction for €25 million worth of bills drew bids totalling &eu...