The groundbreaking ceremony of City of Dreams Mediterranean, Europe’s biggest casino resort, took place n Limassol, on June 8, 2018. The ceremony was attended by President of the Republic of Cyprus, Nicos Anastasiades, the Chairman and CEO of Melco, Lawrence Ho and Managing Director of CNS Group, Melis Shiacolas.

Limassol seems to have a leading role in growth rates as investment projects are in excess of €1 billion for the period 2017-2019. The projects include among others the The Oval, the ONE, the Parklane Luxury Collection and Spa, as well as the Lanitis Seafront. Along with the development of marina and old port, as well as the Olympic Residence, all these construction and property schemes constitute the forefront of the Cypriot economic development.

The President of the Republic of Cyprus, Nicos Anastasiades, concluded on Tuesday 24/10, his two-day official working visit to Moscow with a meeting with his Russian counterpart Vladimir Putin. The meeting was followed by the signing of bilateral agreements between the two countries.

Cypriot President Nicos Anastasides, Israeli Prime Minister Benjamin Netanyahu and Greek Prime Minister Alexis Tsipras, met on Thursday in Thessaloniki for their fourth trilateral Summit. The leaders declared after their meeting that they are planning to accelerate the development of the pipeline (EastMed Project) that will channel natural gas to Europe from the newly discovered reserves in Israel and Cyprus. Mr. Netanyahu, said that if the pipeline becomes a reality, will signal tremendous prospects.

2016 has been an interesting year for the markets and the economies worldwide in general. What is even more interesting now is how the markets have reacted so far in 2017, after numerous predictions from world known analysts and global financial houses.

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