Simila Cyprus : A PRIME INVESTMENT Cyp...

Simila Cyprus : A PRIME INVESTMENT
Cyp...: A PRIME INVESTMENT Cyprus’ continual development into a luxury destination and transportati...

A PRIME INVESTMENT

Cyprus’ continual development into a luxury destination and transportation hub, its strategic location and global appeal together with its highly promising future make prime real estate a wise investment choice. 

Real Estate has always been a preferred asset class and according to recent Knight Frank statistics, accounts for at least 20% of an investor’s portfolio. The Cyprus luxury property sector was not affected by the recent economic turmoil, and has actually seen quite strong demand. This could be due to a number of reasons including the limited supply of such real estate on the island and Cyprus’ highly promising future following the significant oil and gas find.

Minthis Hills is without doubt one of the most attractive options for discerning clients. The development is at an early stage of its project lifecycle, yet is mature enough to offer peace of mind that an ambitious vision is being per- fectly realised. The development offers excellent capital appreciation opportunity as additional core facilities, including a village, square, luxurious spa and health club, tennis academy and equestrian centre are completed. 

Simila Cyprus : Cyprus Foreign Ministry completes projects for Sch...

Simila Cyprus : Cyprus Foreign Ministry completes projects for Sch...: Cyprus Foreign Ministry completes projects for Schengen Visas The Cyprus Foreign Ministry has completed the implementation of importa...

Cyprus Foreign Ministry completes projects for Schengen Visas

The Cyprus Foreign Ministry has completed the implementation of important projects co-funded by the European Commission, in the framework of the harmonization with the Schengen acquis, aiming at promoting actions related to the External Borders Fund.

According to an official press release, currently actions regarding annual 2012 and 2013 projects are under way.

In the framework of the 2011 annual project of the External Borders Fund, the installation, upgrading and extension of the national Visa System was fulfilled.

Moreover, work concerning building alterations and equipment installment was completed at the Consular Section of the Embassy of the Republic of Cyprus in Kuwait.

Simila Cyprus : Russians & Israeli Tourists give Cyprus a welcome ...

Simila Cyprus : Russians & Israeli Tourists give Cyprus a welcome ...: Russians & Israeli Tourists give Cyprus a welcome boost - But British Tourist still top the table ! A surge in Russian and Israeli to...

Russians & Israeli Tourists give Cyprus a welcome boost - But British Tourist still top the table !

A surge in Russian and Israeli tourists helped ensure visitors to Cyprus rose 1.5 percent in 2014 to help the bailed-out economy buffer three years of recession, official data showed for 2014.

The key tourism industry has pulled itself together after a 2.4 percent decline in 2013.
Last year tourist arrivals totalled 2.44 million compared to 2.40 million the year before, recording an increase of 1.5 percent.

Despite the island’s main tourist market Britain (871,523) dipping 2.2 percent and a 12.7 percent decline from Germany (86,397) arrivals stayed in positive territory.

This was due to a 4.6 percent increase from Russia (636,766) and 57.6 percent spike from Israel (68,822).

In 2014 Britain remained in top spot, followed by Russia, Sweden (106,666) and Greece (100,955) in fourth.
In December alone arrivals increased 3.7 percent to 56,863 from 54,813 in the same month of 2013, statistical service figures showed.
In 2013 there was a 2.4 percent dip in tourist arrivals to the holiday island reaching 2.40 million from 2.46 million in 2012.

Cyprus is benefitting from more direct flights but industry experts say the falling rouble and the demise of national carrier Cyprus Airways could have an impact in 2015.

Improved arrival figures combined with better revenue is fanning hopes that the key sector can pull the economy out of recession in 2015.

Simila Cyprus : Cyprus Electricity now a third cheaper !THE Electr...

Simila Cyprus : Cyprus Electricity now a third cheaper !THE Electr...: Cyprus Electricity now a third cheaper ! THE Electricity Authority of Cyprus (EAC) announced a seven per cent reduction in the price of e...

Cyprus Electricity now a third cheaper !

THE Electricity Authority of Cyprus (EAC) announced a seven per cent reduction in the price of electricity yesterday, with the price projected to fall further in the near future.

Speaking at a news conference, EAC spokesman Mr Costas Gavrielides said the reduction will effect the January and February 2015 bills.

According to Mr Gavrielides, cumulative reductions in the price of power over the last six months added up to 15 per cent, while the same figure over the last two years approached 30 per cent.

EAC boss Stelios Stylianou said the decrease is owed partly to the drop in international oil prices, but also to the fact that the semi-state power company cut its operating cost by 35 per cent over the last three years.

This decrease came from payroll savings to the tune of 30.6 per cent over the last three years, as well as a 43.5 per cent drop in operating expenses.

The EAC aims to shed 110 more jobs in the next two months, through its running redundancy scheme. Currently, the authority employs 2,100 staff.

Simila Cyprus : FLY TO AUSTRALIA FROM CYPRUS WITH EMIRATES AIRW...

Simila Cyprus :    FLY TO AUSTRALIA FROM CYPRUS WITH EMIRATES AIRW...:    FLY TO AUSTRALIA FROM CYPRUS WITH EMIRATES AIRWAYS Emirates says it’s offering travellers from Cyprus to visit two top destin...

   FLY TO AUSTRALIA FROM CYPRUS WITH EMIRATES AIRWAYS

Emirates says it’s offering travellers from Cyprus to visit two top destinations in Australia for less than the standard Economy Class return fares.

All inclusive Economy Class fares start from €1,057 to Melbourne and €1,079 to Sydney. The sale offer is valid until January 31 for outbound travel from February 1 to June 30.

Daily flights and convenient flight times from Cyprus to Dubai means connecting to Melbourne and Sydney is easier.

Simila Cyprus : Getting to know Paphos HistoryIn a new initative...

Simila Cyprus : Getting to know Paphos History

In a new initative...: Getting to know Paphos History In a new initative to get visitors acquainted with Paphos (Pafos) Town Centre , called Ktima Pafos, Pap...

Getting to know Paphos History

In a new initative to get visitors acquainted with Paphos (Pafos) Town Centre , called Ktima Pafos, Paphos Municipality and the Paphos Tourism Board organise weekly guided walking tours of the Old Town area, aiming to provide an overall picture of how the town centre has evolved and developed from the late Byzantine and Mediaeval times to the present day, taking in all the history over the past centuries. The tour lasts about 2.5 hours, including a 30-minute break for refreshments. Starting point, CTO Information Office: 3 Gladstonos Street, Paphos at 10am every Thursday morning.
There is no charge for these walking tours and it is totally for Free to everyone. For further details call : Tel: 26 932 841.

Simila Cyprus : Emirates: Cyprus fare to Malta on offerOperating a...

Simila Cyprus : Emirates: Cyprus fare to Malta on offerOperating a...: Emirates: Cyprus fare to Malta on offer Operating a daily schedule, the Emirates’ A330-200 or Boeing 777 aircraft lands at Malta Internat...

Emirates: Cyprus fare to Malta on offer

Operating a daily schedule, the Emirates’ A330-200 or Boeing 777 aircraft lands at Malta International Airport at around midday giving travellers ample time to refresh and start to explore the vibrancy of Malta.

“In just two and half hours from Cyprus, travellers can enjoy an exquisite climate and a stunning legacy of art and culture. The Maltese islands also offer a colourful annual calendar of traditional seasonal events, such as Carnival between 13 and 17 February and Easter week providing a lot of pageantry and traditions for tourists from 29 March to 5 April 2015.”

Simila Cyprus : Influx of Russian, Israeli tourists saves Cyprus t...

Simila Cyprus : Influx of Russian, Israeli tourists saves Cyprus t...: Influx of Russian, Israeli tourists saves Cyprus tourism A surge in Russian and Israeli tourists ensured visitors to Cyprus rose last yea...

Influx of Russian, Israeli tourists saves Cyprus tourism

A surge in Russian and Israeli tourists ensured visitors to Cyprus rose last year, helping its bailed-out economy weather three years of recession, official data released in January 2015 have showed. 

The number of people visiting the east Mediterranean island, which is heavily reliant on income generated by tourism, rose 1.5 per cent in 2014 after recoiling 2.4 per cent the previous year.

The figures represent a rare upward trend for the economy of Cyprus, which earlier in January saw its national carrier Cyprus Airways cease flights after nearly seven decades of service.

An increase in tourists arriving from Russia and Israel last year helped offset a decline in the island’s main tourist market from Britain, data from the Statistical Service of Cyprus showed.

    Russian Businessmen enjoying Hookahs at a seafront restaurant in Limassol

In 2014 the number of visitors from Britain was slightly down by 2.2 per cent to 871,523, but tourists from Russia increased 4.6 per cent to 636,766.

Israeli visitors also rose by an amazing 57.6 per cent to 68,822 last year.

Although overall arrivals in 2013 were down, the €2.08 billion they generated was the best for a decade. Revenue figures for 2014 have yet to be released.

Simila Cyprus : Cyprus January Heavy Rain top up DamsWater board ...

Simila Cyprus : Cyprus January Heavy Rain top up Dams
Water board ...: Cyprus January Heavy Rain top up Dams Water board officials were smiling this week after reservoir levels for January swelled to three ...

Cyprus January Heavy Rain top up Dams

Water board officials were smiling this week after reservoir levels for January swelled to three times the reserves recorded the same time last year.

The biggest reservoir on the island, Kouri Dam, is according to Cyprus Water Board Deputy Director Andreas Manoli, at a maximum occupancy of 115 million cubic metres.

Reserves reached 20% on January 1 before increasing to 27% two weeks later which translates as 27,254,000 tons. News of the dam levels have been welcomed by water board officials of the Famagusta District, which is supplied from Kouri Dam via a south channel.

“Current weather conditions are positive, and we are optimistic the situation will improve significantly,” said Manoli. “Last year rainfall peaked early and started to go down by January, but this year we see exactly the opposite”.

Dam occupancy is currently at 36.5%, compared to a 53% peak last year. Manoli added that there is plenty of time to “make up the difference”.

Simila Cyprus : A New Artificial Divers reef for CyprusAn artifici...

Simila Cyprus : A New Artificial Divers reef for CyprusAn artifici...: A New Artificial Divers reef for Cyprus An artificial reef to be constructed by Larnaca Tourism Development and Promotion Company in the t...

Simila Cyprus : New Airline called "Blue Air" opens base in Cyprus...

Simila Cyprus : New Airline called "Blue Air" opens base in Cyprus...: New Airline called "Blue Air" opens base in Cyprus After announcing a new operational base in Cyprus, economy airliner Blue...

Simila Cyprus : New Airline called "Blue Air" opens base in Cyprus...

Simila Cyprus : New Airline called "Blue Air" opens base in Cyprus...: New Airline called "Blue Air" opens base in Cyprus After announcing a new operational base in Cyprus, economy airliner Blue...

Simila Cyprus : *** Interview with the New "Anti-Corruption" Papho...

Simila Cyprus : *** Interview with the New "Anti-Corruption" Papho...: *** Interview with the New "Anti-Corruption" Paphos Mayor *** Paphos new Mayor Mr Fedonos is a man in a big hurry with an a...

*** Interview with the New "Anti-Corruption" Paphos Mayor ***

Paphos new Mayor Mr Fedonos is a man in a big hurry with an awesome weight of responsibility on his youthful shoulders.

The Mayor is tasked with cleaning up the scandal-hit municipality and preparing the town for its prestigious spell as the European capital of culture in 2017, just two years away.

The clean-up is both literal and figurative. The Town Hall was bustling with activity when the Cyprus Sunday Mail visited this week in the wake of Fedonos’ election last Sunday. Employees were clearing out desks and cupboards and removing sacks of rubbish.

Simila Cyprus : Minthis Hills Golf Resort is pleased to announce t...

Simila Cyprus : Minthis Hills Golf Resort is pleased to announce t...: Minthis Hills Golf Resort is pleased to announce that the European Golf Association has once again chosen Cyprus and Minthis Hills Golf Club...

Minthis Hills Golf Resort is pleased to announce that the European Golf Association has once again chosen Cyprus and Minthis Hills Golf Club to host the 2015 EGA Men’s Club Trophy.

The European Men’s Club Trophy Championship, an important event in the European Golf Association calendar, will take place on the 23nd and 24th October 2015, with a practice day on the 22nd.

New Airline called "Blue Air" opens base in Cyprus

After announcing a new operational base in Cyprus, economy airliner Blue Air has confirmed 2,000 bookings for its new flight routes to Athens and Thessaloniki.

During a media conference in Nicosia on Thursday the airliner said that from April this year it will start operating daily flights from Larnaca to Athens and thrice-weekly flights to Thessaloniki.

Chief Compliance Officer of Blue Air, Tudor Constantinescu thanked Cypriot travellers for the trust they have placed in the airliner which has been flying them to Bucharest for the past seven years.

“We wish to return this trust by offering the people of Cyprus the opportunity of travelling to other destinations in a safe and affordable manner”.

Constantinescu added that Blue Air will be expanding its Cyprus operational base and announcing other new flight routes later in the year.
For details see ; Blue Airlines

A New Artificial Divers reef for Cyprus

An artificial reef to be constructed by Larnaca Tourism Development and Promotion Company in the town`s coastal areas will take the form of a famous historic battle.

According to sources, the plans, which are being prepared in cooperation with an expert, will be submitted soon to the agriculture ministry to request funding from the European Maritime and Fisheries Fund (EMFF).
So far three areas are being eyed for the project: Pyla – Oroklini area, the Kastella area and the area in front of Larnaca airport.
The main criteria for selecting the site will be based on various parameters such as accessibility, water purity and cost, which is estimated to be high since the creation of an artificial reef does not involve only the sinking of an old wreck.
The project should aim to upgrade diving tourism, the company said.
Larnaca already has one of the most famous diving wrecks in the world, the Zenobia, which attracts divers from all over the globe.
Cyprus has many diving sites , see link ; Diving in Cyprus

Simila Cyprus : Cyprus banks implement international tax agreement...

Simila Cyprus : Cyprus banks implement international tax agreement...: Cyprus banks implement international tax agreement Cypriot banks are taking steps to comply with the Foreign Account Tax Compliance ...

Cyprus banks implement international tax agreement

Cypriot banks are taking steps to comply with the Foreign Account Tax Compliance Act (FATCA), signed by Cyprus and the US in December, the Bank Association said on Wednesday.

FATCA aims to combat tax evasion by US tax residents using foreign accounts.

The agreement improves international tax compliance, and has been ratified by parliament. (CNA)

Simila Cyprus : Ryanair plans to continue with its plans to expand...

Simila Cyprus : Ryanair plans to continue with its plans to expand...: Ryanair  plans to continue with its plans to expand in  Cyprus  even though the national airline for which it was bidding has been grounde...

Ryanair plans to continue with its plans to expand in Cyprus even though the national airline for which it was bidding has been grounded. The Irish airline was shortlisted as a possible bidder for Cyprus Airways in November, but the flag carrier has been closed down because it could not comply with an European Commission demand that it repay €65 million in illegal state aid to its government.

According to Ryanair’s chief marketing officer, Kenny Jacobs, the Irish company plans to press ahead with plans to apply to the Cypriot government for an airline operator’s certificate (AOC), which would open up new markets in the region such as Israel, Turkey and possibly parts of the Middle East.

Today is Epiphany/Theophany Day, which is a very important Christian feast day in Cyprus. At the ceremony, a cross is thrown into the sea and local men race to be the first retrieve it for good luck.

Simila Cyprus : Cyprus: Palindrome Inscription Found on Ancient Am...

Simila Cyprus : Cyprus: Palindrome Inscription Found on Ancient Am...: Cyprus: Palindrome Inscription Found on Ancient Amulet Archaeologists in Nea  Paphos , Cyprus have unearthed a 1,500-year-old a...

Cyprus: Palindrome Inscription Found on Ancient Amulet

Archaeologists in Nea Paphos, Cyprus have unearthed a 1,500-year-old amulet depicting a palindrome inscription written in ancient Greek. Palindromes are phrases that are read the same both forward and backwards. On its other side, the amulet features images of the ancient Egyptian god Osiris, a cynocephalus and the god of silence, Harpocrates.

Cyprus says its passport plan is more attractive than Malta’s

Cyprus is insisting that its passport scheme is a better option than Malta’s for non-EU nationals seeking European citizenship.

Cypriot firm, Savva & Associates, is pitching its marketing campaign as the “most attractive scheme in Europe”.

“It is widely considered that the Cyprus citizenship scheme is now the most attractive in Europe, since, unlike the Maltese scheme, it does not require any donation to be made to the government,” the campaign says.

In Malta’s case, a non-EU citizen has to contribute €650,000 towards Maltese coffers to be eligible for a passport. 

Also, according to the Cypriots, unlike many other EU countries, including Malta, “Cyprus does not require applicants to live on the island prior or during the application or even after citizenship has been granted”.

Paphos Tourism Looks at Germany

Paphos has been through some rough times over late years, with the island's financial troubles affecting key markets generally. Then again, the Paphos Regional Tourism Development Board is idealistic that two imperative markets that search guaranteeing for 2015.