Currently the image of the luxury real estate markets around the globe has been considerably varying. Sales volumes for luxury properties in markets like New York, Hong Kong, and London had been stabilizing in 2016, while emerging luxury markets continued to evolve. Moreover, markets that had experienced a lengthy period of decline are beginning to recover, for example Dublin and Detroit.
Following a three - year reform period and an extensive banking consolidation, Cyprus has exited the EU-IMF economic adjustment programme in March 2013 and has entered a period of recovery and growth. In this post crisis period, where Cyprus is currently outperforming its budgetary targets and the economic trends are showing positive signs, the challenge is to increase the island's role as a regional hub in the Eastern Mediterranean.
It has been a week since the American presidential elections where the Republican candidate Donald Trump was elected to be the 45th President of the United States. Donald Trump defeated Democratic nominee Hillary Clinton and is scheduled to take office on January 20, 2017 in what has been perceived as one of the biggest shocks in contemporary American political history.
Limassol Port constitutes not only the main port of Cyprus but also the most eastern port of the European Union, located in a strategic location between three continents. With its transformation almost completed, it will probably be the one that will put the country in the map as one of the most important international transportation and logistics hubs in the Mediterranean.
The foundation stone for the construction of the ambitious project of the Ayia Napa Marina has been laid on Friday, 30th September 2016, in the presence of the Minister of Finance, Harris Georgiades and the Egyptian investor of the project, Naguib Onsi Sawiris. The event was also attended among others by the Minister of Transport, Communications and Works, Marios Demetriades, the Minister of Health, Dr George Pamborides and mayors of the Ammochostos area.
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