Larnaca port & marina project gets green light

Cabinet on Friday gave the green light for the signing of the contract for the redevelopment of Larnaca port and marina, a project estimated at €1,2 billion, the island’s largest infrastructure project of its kind. The project covers the restructuring of Larnaca marina for 650 berths, the port and surrounding land development over an area of 332,449 sqm which is expected to see the consortium invest more than €1 billion. The project will be carried out over the next 15

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Registration of motor vehicles down 17.1% in eleven months of 2020

Total registrations of motor vehicles decreased by 17.1% to 36,079 in January-November 2020, from 43,530 in January-November 2019, according to Statistical Service’s report “Registration of Motor Vehicles” for the period January-November 2020. Passenger saloon cars decreased to 28,257 from 35,136 in January-November 2019, recording a fall of 19.6%. Of the total passenger saloon cars, 9,566 or 33.9% were new and 18,691 or 66.1% were used cars. In November 2020, the total registrations of motor vehicles numbered 3,802, recording a decrease

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The Cypriot Economy

The Cypriot Economy One of the most important things to analyze when considering starting a life in a foreign country is the economy of the country. A clear, close to reality outlook will also give you new ideas of how to live there and what to add to your career according to the country’s growing sectors. The Natural Power of Geographical Location The Cypriot economy is well known in many different sectors and holds great records. In a brief explanation it is

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Welcome to the Vaccine Economy

We are, without question, entering still another new normal: The Vaccine Economy: “The priority question for the global economy is how quickly people will be given an effective vaccine against Covid-19, reducing the need for job and business-destroying lockdowns,” a research note by Goldman Sachs economists Jan Hatzius and Daan Struyven commented. For Cyprus, it will take at least six months to see green shoots of recovery, a number of experts agree. Much depends on how vaccination will be managed. The Goldman Sachs economists

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