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Cyprus welcomed 3.976 million tourists in 2019, recording a 1% increase over the previous year and setting a new record, according to the latest figures published by the Statistical Service
Negotiations for the development of the Port and Marina of Larnaca have been completed successfully! The one billion euro deal with the investor will be signed within the next few weeks and development will start soon after.
Greece, Cyprus, and Israel have signed an agreement to construct 1,900-kilometer undersea pipeline to carry natural gas from the eastern Mediterranean to Europe and potentially help the continent reduce its dependency on Russia for energy supplies.
The contract to build the long-anticipated Paphos marina has been awarded to Pafilia by the ‘new’ Marina Management Committee, which was appointed in March to examine documents submitted as part of the marina tender process
The new resort will be built according to the US and Asian casino business models and will include 136 gambling tables, 1,200 gambling machines, while the adjoining luxury hotel will have a 500-room capacity, a 6,000 m² conference and exibition center, a 1,500-seat concert hall, a 4,000 m² world class health spa, restaurants and bars.
A group of experts from the European Commission and the supervisory authorities of the EU member states has reached Cyprus, November 24, 2019, under the purpose of assessing how ready the island country is to join the Schengen Area after it filed a membership request in September this year.
A working group has been formed to expedite procedures for cancelling visas for Cypriot passport holders who wish to travel to the United States.
We are glad to that our company has won a European Property Award in a category for real estate agencies with over 5 offices.