Archive for May, 2009

Cyprus may be the only EU member state to see growth in 2009

Cyprus could be the only EU member state to see growth in 2009 and the Mediterranean island state is working on alternative measures to combat fallout on its economy from the world financial crisis, according to reports.
According to the EU’s spring economic reports, The Cyprus economy would grow 0.3 per cent in 2009 and 0.7 for [...]

Popularity: 58% [?]

Cyprus attracts credit crunch weary nationals from Middle East

Increasing number of nationals from Dubai and the UAE are taking their money out of the country and into the nearby safe haven of Cyprus.
As the global economic downturn hits the UAE, a growing number of people are taking their savings and putting it into Cypriot property to hedge against the current economic turmoil in [...]

Popularity: 58% [?]

New areas for development in Cyprus

There is a growing trend amongst Developers in Cyprus to look for new areas away from the traditional holiday hotspots, it has been stated.
The latest trend among developers of apartments and resorts is to move away from the traditional centres such as Paphos and Limassol and the most notable fact about such out-of-town properties is [...]

Popularity: 45% [?]