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Oil and gas exploration of the coast of the Republic of Cyprus is currently in the planning stages. Cyprus is a highly recommended location for hydrocarbon exploration due to the substantial amount of geophysical data that is available, the stable business environment, and the alluring terms (zero taxation on revenues from offshore hydrocarbon exploitation) provided. A known hydrocarbon system with...
In the fourth quarter of 2020, house prices, as measured by the House Price Index, rose by 5.4% in the eurozone, 5.7% across the EU and 2.4% in Cyprus, compared with the same quarter 2019. According to Eurostat figures, Cyprus had the biggest quarter on quarter growth in prices in the EU. Compared with Q3 2020, house prices rose by 1.4% in the euro area,1.3% in the EU and 4.7% in Cyprus. The...