The European Commission has given the green light for the law approved by the Parliament concerning the reduced VAT rate of 5% for the acquisition primary residence, Finance Minister Makis Keravnos...
Cyprus President Nikos Christodoulides announced on Saturday that work would resume promptly in the Akamas region, aimed at completing temporarily suspended road projects. The President said the...
22/01/2024
The Price Index of Construction Materials recorded a 2.91% increase in December 2023, compared to the corresponding period in 2022, as reported by the Statistical Service of Cyprus.The significant...
18/01/2024
The number of building permits issued in Cyprus in the period of January – October 2023 dropped by 6.9% year on year with the value and area of these permits recording annual increase, driven by...
12/01/2024
An increase to 77% was recorded at the end of November 2023 on the implementation of the state budget in relation to expenditure compared to the corresponding period last year (2022: 73%). According...
12/01/2024
An annual increase of 7.9% was recorded in the Index of Production in construction during the third quarter of 2023 compared to the previous year.According to the Statistical Service, the Index of...
11/01/2024
Housing prices in the Republic of Cyprus continued their upward trend during the third quarter of 2023, with a notable increase in apartment prices, according to data released on Wednesday by the...
10/01/2024
Aiming at strengthening business activity and at the recovery of the economy, the Council of Ministers approved on Wednesday a proposal to extend until December 31, 2024 a Plan for the Provision of...
21/12/2023
The price index for construction materials remains steady with a slight increase of 0.08% in November 2023, compared to November 2022, with the main increase recorded in minerals, while metal...
18/12/2023
Despite the drop of total number of building permits during the first nine months of 2023, compared to the same period of 2022, their total value recorded an increase of 15.7%, and their volume went...
06/12/2023