Cyprus’ dynamic recovery from the financial crisis has gained our Island international praise and great admiration. Cyprus has achieved a remarkable economic growth in 2016-2017 and the national GDP growth stands at 3%. The economic projections and macroeconomic indicators such as the tourism sector, hospitality, banking, real estate, citizenship-by –investment etc., show that this figure will be maintained in the coming years.
Cyprus finds itself within the top ten countries offering second citizenship by investment according to the Citizenship by Investment (CBI) Index.
The survey may be a useful tool for British Citizens who are concerned about the impact of Brexit over the next couple of years.
Larnaca International Airport in Cyprus has remained third among the European airports with passenger traffic of 5 to 10 million per year, which had the largest increase in passenger traffic since March.
In the group of airports with 5 to 10 million passengers per year, Larnaca continued to be the first among all the international airports of the European Union member states that had achieved the biggest increase in passenger traffic.
In its 56th year, the Limassol Wine Festival will open its doors to the public from August 31 – September 10.
“This year’s Wine Festival will be fuller and more exciting with Greek performer Bampis Tsertos and with the ‘Yiorgalletous’ performing during the opening ceremony as well as the following day,” said Nicolaides, Limassol Mayor.
This is an exceptional private hideaway in the famous Sea Caves area which lies between the resort village of Coral Bay and Saint Georges Village, the gateway to the Akamas National Park. The elevated neighbourhood stretches along the captivating seafront and you will be fascinated by the natural wonder of towering cliffs and the numerous sea caves that have been carved by the relentless tides of the sea.
The Cyprus property market has surged ahead in 2017, finally shaking off the legacy of the financial crisis that decimated it between the years 2013 -2016.
According to Land Registry statistics, the number of building permits for new homes continues to rise and most importantly, the value of these projects has also increased, signalling a lot more confidence in the construction sector. Indeed, the construction sector is a valued and important contributor to the Cyprus economy, local employment and foreign investment.