Micro News

The Central Bank of Cyprus imposed a financial fine of €352,980 to the Cyprus branch of Jordan Ahli Bank for breach of the anti-money laundering (AML) regulations. The bank supervisor, in process of examining the bank’s compliance with the anti-money laundering standards, discovered the failure of the…


Limassol: High Rise Development Projects

A cabinet approval for the construction of two buildings near the coast which is contrary to a court decision on how it will impact on local residents, is currently evaluated by Limassol municipality. This case concerns Blue Marine project of 300 million Euros. An undertaken investment by Leptos Estates,…


In October tourism revenue increased by 4.2% to €277.1 million, while the number of tourists increased by 14%, Cystat reported on Friday. The lower growth rate of income compared to the increase in the number of arrivals was mainly due to the reduction in the vacation budget to €681.05, which was accompanied…



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