In Cyprus, the arrival of August inevitably centers around the annual Cyprus holidays. Paphos is a popular destination not only for the overseas tourist during this time, but also for the en masse pilgrimage from Nicosia to Paphos and Polis. ‘Big city’ exotic cars were plentiful, once again causing the annual traffic jam at the Konia (‘Limassol’) roundabout, which was borne with the utmost dignity by all.
FOREIGN INVESTORS will reportedly be returning to the island this week to further discuss plans for a multi-billion leisure project in Yeroskipou, Paphos. Politis writes that a meeting has been scheduled for Wednesday at the ministry of the interior. The gathering – which it's understood will be informal – will be presided over by the Town Planning Department.
The proposed venture includes a marina for 500 boats, an art academy, an aquarium, three large hotels, apartment complexes and other buildings. The real estate earmarked covers approximately one square kilometre, the majority of which is uncultivated government land and a small percentage belonging to the Church of Cyprus and private landowners.
“AT A MARATHON session that started at 10:30 am and lasted until late on Monday night 28th July, the Bank of Cyprus (BoC) board of directors announced the successful private placement of 4.17 billion of new ordinary shares at a price of 24 cents per share, for a total capital raising of €1 billion.
Situated exactly half way between Limassol and Paphos, Pissouri Village benefits from the views that its fantastic hillside location offers, and Pissouri Bay with it pristine clear water and quiet beaches just a 5 minute drive away. The property market in Pissouri is booming due to the variety of property available. From quaint beach apartments to beautiful individual lifestyle Villas; pristine Development properties to small cosy cottages. All tastes are catered for in this lovely community.