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Immigration and Business in Cyprus
Cyprus Banks Initiate Foreclosure Procedures
Cyprus Immigration Business: According to reports from Cypriot media, Cyprus banks, Greek banks, and the Cooperative Central Bank have notified lenders and guarantors about an upcoming auction of foreclosed properties involving approximately €160 million. However, all three banks stated that the properties prepared for auction do not include those that serve as the sole residence.
Cyprus Economic Growth Accelerates in the Second Quarter
Immigration and Business in Cyprus: Data recently released by the Statistical Service of Cyprus shows that the country's economy grew by 0.9% year-on-year in the second quarter of this year, a significant increase in growth compared to the first quarter.
Cyprus Fisheries Receive €53 Million Investment Plan from European Commission
Immigration and Business in Cyprus: According to a report by the Cyprus Mail on July 11, the European Commission has established an investment plan for the Cypriot fisheries and aquaculture sector. With a total investment of €53 million, the plan will fund projects aimed at improving living conditions in fishing communities, reducing environmental impact, and promoting sustainable development in the industry, thereby fostering the growth of the Cypriot fishing sector and increasing fishermen's incomes between 2014 and 2020.