Major challenges for Cyprus economy

Cyprus was successful in meeting specific targets that were set out in the adjustment programme according to the European Commission. However this might lead Cyprus to face a number of internal and external risks.

Property transactions in Cyprus have dropped

In August, the number of property transactions fell to 301, 10% lower than August 2014 on a sales drop in Limassol, Famagusta and Nicosia, as the department of lands stated.

Occupied Trikomo is planning to become a Chinese village

As a Turkish Cypriot media reported, occupied Trikomo has attracted the close interest of Chinese investors. As stated by the TC newspaper, the Chinese investors are looking into all British, Russian and Scandinavian interest.