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The number of property sales in Cyprus during March rose 16 per cent compared to March 2016 according to official statistics published by the Department of Lands and Surveys. During March a total of 626 contracts for the sale of residential and commercial properties and land (building plots and fields) were deposited at Land Registry offices across Cyprus, compared with...

In efforts to modernise the Cyprus justice system, a new Commercial court will be set up in early 2018 to deal with claims arising from contracts, company disputes, the purchase or sale of goods, etc. JUSTICE Minister Ionas Nicolaou and the members of the Supreme Court decided on Thursday to set up a Commercial Court as part of efforts to modernise the justice system.Referring...

THE OFFER of passports, a recovering economy and a business community that is ready to sell at the right price are all combining to attract Chinese investors to Cyprus. “Chinese investors are fast catching up with Russians when it comes to Cypriot passports,” a finance ministry source told the Cyprus Weekly. The citizenship by naturalization scheme was originally ...

CYPRUS should get its first casinos later this year when the Melco-Hard Rock consortium, comprising Melco-Hard Rock and Cyprus Phassouri (Zakaki) Limited, signs contracts later this month. A temporary casino will open in Limassol in October 2017 and will operate until the multi-million Euro casino, which will be built next to My Mall at Zakaki, opens for business in 2020. The...