_: In the first quarter of 2021, house prices, as measured by the House Price Index, rose by 5.8% in the euro area and by 6.1% in the EU, but decreased by 5.8% in Cyprus compared with the same quarter of the previous year, according to figures publishe…
Category: Market
Cyprus House Price Index down 5.8% in Q1
Cyprus’ House Price Index (HPI) decreased 5.8% in the first quarter of 2021, according to preliminary estimate of the Statistical Service.For the first quarter of 2021 the HPI amounts to 102.82 units. Compared both to the fourth and the first quarter o…
EU Commission green lights Cyprus €1.2 billion National Recovery and Resilience Plan
The European Commission gave the green light to Cyprus’ €1.2 billion National Recovery and Resilience Plan, the disbursement of which will begin this year and will complete in 2026.Speaking during a joint press conference in the iconic library of the U…
Government announces €6 million in aid to villages hit by the devastating fire
The Cypriot government announced a financial package amounting to €6 million in aid to the villages hit by the devastating fire that ravaged the mountainous regions of Larnaca and Limassol over the weekend and lead to the death of four Egyptian workers…