Property sales reached 15 year high in second term - The Cyprus property market witnessed a record number of sales during the second quarter of 2023, reaching a level not seen in 15 years, according to a report released this week by the Central Bank of Cyprus (CBC). Furthermore, property prices, especially for apartments, have ... more

Moody's upgraded Cyprus to Investment Grade Baa2 - Moody's Investors Service on Friday raised its ratings on the Government of Cyprus by two notches, to Baa2, and changed its outlook on the country to stable from positive. The ratings upgrade reflects "broad-based, sustained improvements" in Cyprus's credit profile, resulting... more

WTC Cyprus Becomes Carbon Neutral - In today's rapidly changing world, the corporate landscape is witnessing a remarkable shift towards environmental sustainability. Companies are not just embracing this change; they are actively leading the way, setting new standards for corporate responsibility. World Trade Ce... more

A succesful WTCA ERM hosted by WTCCyprus - WTC Cyprus had the privilege of hosting the prestigious WTCA’s European Regional Meeting right here in the heart of Limassol, Cyprus. Over two remarkable days, we welcomed nearly 30 World Trade Centers from around the globe to the beautiful Mediterranean Hotel. Our distinguis... more

Facilitation of Strategic Development Projects - The Interior Ministry has welcomed parliament’s approval of legislation connected to an important tool in the State’s efforts to facilitate strategic development projects. The House of Representatives passed the Law on the Facilitation of Strategic Development Projects, bas... more

Welcome To Cyprus (WTC) - ERM 2023 - World Trade Center Cyprus (WTCCy) is delighted to unveil its role as the proud host of the forthcoming European Regional Meeting, set to take place in the vibrant city of Limassol in September 2023. With a thematic focus on "Europe Connects," this event stands as a significant... more

Property Price & Rental Index Q1 in Cyprus - The 54th quarterly publication of the RICS Cyprus Property Index with KPMG in Cyprus records the property price and rental index, tracking property and rental prices across all Cyprus districts and main property types. Market values year-on-year A year-on-year comparison... more

Foreigners choose Cyprus as their new home - Cyprus has been attracting foreigners for tourism, real estate, and business purposes for the past 30 years. This has brought in significant amounts of money into the economy, transferred expertise to locals, and boosted businesses with more affluent clients. However, sin... more

Property sales reach €1.7 billion in Q1 2023 - Property sales in Cyprus reached €1.7 billion in the first quarter of 2023, according to data from the Real Estate Agents Registration Board. The property market has maintained its resilience despite the challenges, the Board said. In its quarterly “Property Market Bulletin,... more

Saudi Arabia and Cyprus are entering a new era - The Ministry of Finance of the Republic of Cyprus and the Ministry of Investment of the Kingdom of Saudi Arabia signed a Framework Cooperation Program (FCP), aimed at strengthening economic ties and facilitating investment opportunities between the two countries. The 11 March... more