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July 4, 2023
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Reduced Vat on Properties – New Rules!

On the 8th of June, the Cyprus Parliament voted that the reduced VAT rate of

April 12, 2023
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<strong>IMF maintains Cyprus’ economic growth at 2.5%</strong>

The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at

March 31, 2023
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<strong>Central Bank: GDP growth estimated at 2.6% in 2023</strong>

The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this

March 31, 2023
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<strong>Real estate investments continue to follow an upward trend</strong>

Minister of the Interior Konstantinos Ioannou said on Wednesday that real estate investments in Cyprus follow

February 20, 2023
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<strong>Construction materials at highest point since 1986</strong>

The Price Index of Construction Materials for January 2023 reached 136.01 units (base year 2015=100),

January 25, 2023
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<strong>Real GDP growth is projected at 5.6% and 2.6% for 2022 and 2023</strong>

Real GDP growth is projected at 5.6% and 2.6% for 2022 and 2023, respectively, according

January 18, 2023
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Real Estate Worth €6 Billion Sold In 2022, Says Cyprus’ Real Estate Registration Council

The value of real estate sold during 2022 is approaching €6 billion, according to the

January 11, 2023
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<strong>Housing prices up during Q3 of 2022</strong>

House Price Index (HPI) recorded an increase of 5.3% the third quarter of 2022, compared

December 20, 2022
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<strong>CBC: GDP growth at 5.8% in 2022, down to 2.5% in 2023</strong>

Economic growth for 2022 is expected to reach 5.8%, while GDP is expected to slow

December 2, 2022
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<strong>GDP growth rate estimated at 5.4% in Q3</strong>

Τhe GDP growth rate in real terms during the third quarter of 2022 is positive

October 18, 2022
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ERC: Inflation at 8.6% in 2022, real GDP growth at 4.9% in 2022

Consumer Price Index inflation is forecast at 8.6% and 3.4% for 2022 and 2023, respectively,

October 13, 2022
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IMF upgraded Cypriot economy 2022 growth rate to 3.5% of GDP

The International Monetary Fund (IMF) has upgraded its forecast on the growth rate of the