The Cypriot Economy has "lost ground" lately and is in a financial crisis and measures are now being implemented by the government to off set a possible EU supervision. Measures are required to save 500 million euros to avoid supervision on deficits above 3%  

The disruptive, recent petrol strike over the southern part of Cyprus has concluded. the strike ran for three days. Not much has been released in the terms of why the strike has ended after a meeting between the petrol companies and the ministers. The strike started due to government restrictions on pricing structures.

The Cyprus Government is to creat a central Data Warehouse. The Council of Ministers met and "rubber stamped" the creation mid week. The central datacentre will allow the further computerisation of the various ministries data and to hence allow the sharing more easily of such data between them. The project is expected to take around 30 months to complete.

The trade defecit in Cyprus has reached 4.3 Billion Euros in the first 11 months of 2009. this figure can be comapared with 1.4 Billion Euros with the same period in 2008. The figures have been released by Eurostat and show a significant increase in defecit.

A demonstartion by staff and crew of Eurocypria has taken place outside parliament. Andreas Kalos who is president of the Pilots Union noted that despite numerous consesions that the Fall of Eurocypria would be a catstrophic loss for the island.

A song was chosen this week for Cyprus as its nomination for the Eurovision song contest which takes place in Oslo in May. The song is entitled "life looks better in spring" and is to be sung by   John Lilygreen. This will be the 55th Eurovision Song Contest.

The draw for Football Euro 2012 has taken place and Cyprus have been drawn into GROUP H. A tough group having teams from Portugal, Denmark, Norway and Iceland. The competition is being hosted by the Ukraine and Poland starting 8th June 2012.

Premier Christofias is briefing the national council on friday on the latest news on the Cyprus problem. The leaders of the South and the North of Cyprus have been in direct negotiations since september 2008 on the Cyprus problem.

The ongoing Osrams case which has been well publisised have requested the property in question be demolished. The Minister Dervis Eroglu has declared the property will not be demolished. Friends are reported to be accomodating the Osrams who have 14 days to clear the property.

The case of the Osrams in Northern Cyprus has been well documented and the Osrams Family are under no illusion that their case is political. The Kibris Newspaper reports the case is lost and that some properties will sell due to issues of ownership. Serdar Denktas the leader of the Democratic party has requested an investigation as to how this case was lost.

The latest rounds of talks between the divided island of Cyprus parties is continuing with emphasis placed upon Governance. The President said the Turkish Cypriot Document submitted is not discussed but both sides discuss freely.

Cyprus is set to endure more water cuts acording to the environment minister Mr Michaelis Polinikis. Despite recent rain falls and snow and dams which are near capacity. Last year Cyprus imported via a limasol terminal water from Greece so its no suprise that water is the subject of great concern on the island

At the beginning of next week Cyprus will be issuing long term bonds to acquire funds for the public sector for 2010. The most urgent requirement is to re fund the existing public debt which is due to expire. The Swiss Union Bank is currently in negotiations

The legal blood alcohol level is 22mg and one person stopped over the festive period was found to have had 160mg's during routine checks made by the Cyprus police Dept. Other offenses included speeding down the main highway with some clocked at over 200km / hr ! Over the four day holiday period over 340 cases were speed related.

The construction industry reports a fall of ten percent when comapring the third quarters between this year and last year. Figures are released by the statistical services of Cyprus which has its website linked via the mov.gov.cy website

Figures just out show an increase in Non Cypriots living in Cyprus nearly 16% are non Cypriots with most coming form Europe ( 81000 bodies )  and ( 44000 ) from outside of Europe. These make up permanent residents.

Here we promote cyprus property sale only in southern cyprus Limassol Larnaca and Pahos and sometimes Nicosia village houses and golf villas to rent buy or sell island wide from coastal areas up into the troodos mountain ranges

Overnight on friday an Isreali shipping vessel the "Sallas"  issued a Mayday call and a search was launched by United Nations Cypriot and Israeli search teams. One crew member has since been found. The ship has sunk off the Cyprus coast whilst on its way to Haifa. The reasons why are not yet known.

The first death from swine flu has been announced here in Cyprus. A five month old baby girl has been reported dead due to the flu , however a secondary condition namely a brain illness was also present

Recent weather in Cyprus has been wet. The trend is set to continue as is normal this time of year with expected snow falls over Troodos. The temperatues will drop to around 8- 100 Deg C depending on island location. Force 4 / 5 / 6 winds are expected with stronger conditions at coastal locations. Thunderstorms are expected to continue.

The unemployment figures just out show a rise in the number of people out of work. 6% of men ar out of work and 6.1% for women. the under 25's are 14.1 % out of work

The Cyprus Mail news reported that three strange lights were seen off shore by residents in Paphos on Tuesday evening.10 Kilometers out to sea. Recently there has been a number of sightings island wide.

The Church in Cyprus has reported to the European court of human rights that North Cyprus violates religious freedom and the rights to ownership of religious sites of the Church of Cyprus. Also on human rights for humiliation and degradation

A brand new bus service is in the pipeline for the island. Deals between private and Government transport bodies are set to be signed by the end of the year to facilitate the arrival next year of the new bus service(s) planed for launch June 2010.

Next year 2010 will be difficult for the Tourism authorities in Cyprus. Increased costs and higher fees , the latest fees under scrutiny are at the new Larnaca airport. Cyprus hoteliers not passing on incentives like VAT refunds from the Cypriot Government all lead to the tourist looking elsewhere for value for money, this despite more carriers than before arriving in Cyprus during 2009. The ministries will be analysing statistics and advising accordingly.

The new airport at Larnaca is now officially open for business. Flight CY322 from Amman marked the first arrival with 56 passengers. Cyprus Airways and Easy Jet are the first carriers with the remainder to follow in due course.

Climate change is a well known global issue of today. The Cyprus parliamentary has re iterated its European commitments to combating the effects of climate change also stating the effects are more prominent in the Eastern Mediterranean. the upcoming Copenhagen meeting in December will further move forward the effects of Global Climate Change

A passenger on a flight bound to Athens from Larnaca Airport caused a disturbance when he, just prior to take off, released the aircraft door and activated the safety shute , slid down and ran off and jumped over the airport perimeter barrier. Mr Lizason said he saw someone holding a gun and feared a highjack was about to occur.

The EAC Electricity Authority in Cyprus is raising the prices 1.5% starting Jan 2010 . the chairman reports this is necessary to cover costs of research into natural gas and providing electricity from natural resources.

The two leaders of the divided island are in talks about the "sticky" subject or property in Cyprus on both sides of the island. Part of the talks that have been ongoing since september 2008

The public transport system in Cyprus is a shambles and sporadic with a lack of connection services between towns. Delays are comoon place and the schedule not adhered to. An urgent review is required to give Cyprus a respectfull bus service but the Minister of Transport is attempting to adresss the situation to help those people most vunerable like non drivers students and the elderly 

The Teachers Union have requested  Xmas festivities be cancelled in primary schools to prevent Swine Flu spreading. The Education Ministry dismissed the teachers concerns as did the Parents Association

The world cup qualifier between Cyprus and Bulgaria ended in a win for Cyprus 4 - 1 Taking place in Larnaca and forming part fo the group eight squads.Bulgaria lost any chance of qualification for the world cup finlas in South Africa. 

Local Cypriots are blaming Foreign workers for the rise in unemployment but a similar survey reports that over 50 % of local Cypriots said foreign workers are an asset for the Cypriot economy. Foreigners are also cited for unease in the security on the island

Recently the Bank Of Cyprus was robbed at a local Paphos branch by two men. The branch is in the tourist area of Kato Paphos. The robbers used a stolen Motorcycle and made a fast get away after robbing the cashiers and threatening them with knives and a shotgun.Some money was dropped.

The North of Cyprus has reported a growth in exports with vegtables and potatoes being the most predominant export. Talks also are on going for exports of honey and snails

Travelers are to face extra charges when flying British Airways if they would like to travel together and choose their own seating plans.Other major carriers already charge for this service as do some of the low cost carriers

Cyprus is currently in 50th place in the Davis cup world rankings. Placed in the Eurpopean African group at present and due to play Egypt in 2010.The winner of which will be playing either Portugal or Denmark.

More rain is forcast for sunday for the island with bad weather damaging houses in the Larnaca region. The Cyprus weather service reports bad weather will continue for most of next week 

The Francophone games is a games event for French Speaking countries and this year Cyprus is to attend and so promote Cyprus further to those countries participating in the sports arena and also politically. Francophone meaning French Speaking is those countries having French Typically as the primary language.

In Larnaca police have warned of an increased number of break in car thefts. The current"Hot spot" for theives is the lake adjoining the Larnaca Airport due to its popluarity with tourists and locals alike. People are advised not to leave valuables on display as during a recent police patrol 11 out of 18 vehicles had been broken into and had valuables removed. 

This week weather experts report a drop in night time temperatures and rain fall for the remainder of this week. Coastal Temperatures have also fallen to a more pleasant 31 Deg C. Earlier this week rain fell in the Troodos mountain range.

Armed robbers entered the Solea Co operative in Nicosia and stole more than 31000 Euros. Police report  they left the co op driving a Jeep styled vehicle.

The Cypriot Government is to release over 3Bn Euros worth of Bonds over the next three years. Bonds will be offered to local banks which should lead to a 1% reduction to customers in lending rates.

Tommorow , marches will take place by both Turkish and Greek Cypriot parties alike. The marches will be starting on both sides of the divided island. Tommorow is world peace day and the two marching parties will meet up at the Ledra Palace hotel in Nicosia in support of World Peace day. 

The UEFA cup saw Cypriot football team APOEL from Nicosia progress futher than any other team from Cyprus as they beat FC Copenhagen over the course of two legs.APOEL now qualify for the group stages.

At the World games in Berlin Kyriakos Ioannou won silver in the high jump and athelete Eleni Artymata ran in the womens 200 Metre final. President Christofias sent his congratulations.

Two football clubs in Cyprus AEL and Anorthosis played a friendly last night which ended up with fans fighting after the game out side the football club premesis in Larnaca.Police report the incident involved 500 fans.

MAIIF The Marine Accident Investigation International Forum is to hold its annual meeting in Limassol.Maiif is responsible in part to improve marine safety and address polution via knowledge sharing.

This week has seen a death of a motorcyclist in a severe accident on the Limassol Korphi road. He was 23 years old and died on the way to  hospital following collision with a barrier. In another incident this week a 23 year old man and moped rider was killed after being hit by a truck in Paralimni.

The latest edition of the Cypriot version of Who is Who has been released The book has been put together by Michael Yiakoumi over the last three years. More info can be found at www.greekcypriotsworldwide.com  

Sailing in Cyprus is popular and the sport has been promoted further by the world ranking of Cypriot Pavlos Kontides who is currently ranked ninth in the world. He will next be partahing in the European Championship in Sweden.

During August we all take time out and have a holiday from a few days to a few weeks. Anyone involved in property or Cyprus Property For sale will take time out. Lawyers, developers sales and rental agents plus anyone that works outside will have a break and re-juvinate. The month of August is well known for temperatures in excess of 40 Deg C.

Temperatures in Cyprus have risen dramatically of late and have created Heat waves especially along the coast. Humidity and direct heat have seen temperatures above 40 Deg C . Workers outside in direct heat have been warned by the labour ministry not to work.

 

This week saw the two leaders of the divided island of Cyprus have their 38th meeting. This latest meeting is due to addres the complex subject of Island security. The United Nations has commented that talks should not continue unless genuine progress is made

A woman was taken to Limassol hospital after picking up a hand grenade on her garden lawn which subsequently went off. She later died. The son of the woman was the subjected to a car bomb last year. Police have arrested a fourty seven year old man in connection with the case.

The Turkish Foriegn Minister Ahmet Davutoglu has critisised Greek Cypriots during a TV interview on Turkish television. He said it was unclear if the Greek side wanted peace or not. He also reported that the current talks about re unification of the island could be the last chance ever to resolve the situation.

This quarter the annual rate of inflation for the Euro was minus. Inflation fell to 0.1 in Cyprus. When comparing this time last year monthly inflation.

The TV and Radio Cyprus public broadcasters have gone on strike. The immediate casulaties are the Turkish and English TV broadcasts and also Radio broadcasts went dead for four hours. The strike was in protest over working conditions referred to by the unions as "irregular forms of employment" . The unions and the Cybc are consequently in taks.

The Justice Ministry in Cyprus is to create a new body dealing in internal affairs aimed at preventing Police persons taking up a second Job and to fight Corruption in the Cyprus Police Force. The announcement was made by the Minister of Justice in Cyprus Loucas Louca who aslo expects results to gain back the trust of the people

In Trachoni a car hit a parked vehicle and crashed into a fence yesterday. Mr Euripides was seriously injured. Elsewhere a man was killed in Engomi when his motorcycle collided with a car. The man has been named as 46 year old Kambos Carlos.

Greek air traffic controllers have planned a four hour strike today 25/06/09 which will affect Cyprus Airways flights to and from Athens and Salonica / Paris. Some flights have been cancelled and some morning flights have been re scheduled for the afternoon.

Cyprus asylum seekers are facing a backlog of 2-3 years for processing of applications. Most applications come from persons of Palestinian decent. The Cypriot minister of the interior Neoklis Silikiotis reported that per capita that Cyprus ranks first with regards to asylum application numbers

Preourist president Christofias has anounced his governments support for the tourist sector following a state revenue decline from tourism. The president was speaking to the Association of Cyprus Travel Agents.From January to April tourist arrivals have decreased by 8.2%

The price of bread is set to fall in Cyprus following recent increases. The price of flour has fallen so bread prices are set to fall 5% in Zorbas Bakery a national baker in Cyprus. Other bakeries are set to follow suit.

After much exposure of the title deed problems in Cyprus the government according to an article in the Cyprus Mail will not be helping buyers obtaining Title Deeds. It is difficult to sell properties in the current climate and a property without Deed is even more hard to sell if not impossible.

Bank holiday Monday is Festival of the Flood Day. Going back to biblical times when god destroyed all living Creatures. Cyprus celebrates Kataklysmos the only country that does celebrate The Great Flood. With further reference made to the Greek myth of Deukalion and Pyrra. In celebration lots of water and partying occur island wide.

A football referee has had a bomb go off at his home in Lymbia causuing minor damage. Police report that he had received threats but he was not in the country when the incident occurred.

A second tested case of swine flu has come back negative from the lab in Limassol. The person in question was on board the same air craft as the woman who tested positive for the H1N1 virus. Details globally can be found via the world health organisation and Government offical publications

The Cypriot Four year bond was set at a 1Billion Euro limit but the subscriptions proved popular to the amount of over 5.5 Billion Euros. The finance minister Mr Charilaos Stakis therefore announced that the limit would be raised to 1.5 Billion Euros with an interest rate of 3.85 . Overall the picture shows a positve response and can only be a good sign for the Cyprus Economy.

Read more at www.eubusiness.com about European Business

Sir David Miliband the British Foreign Secretary spoke last week about support for a resolution to the Cyprus Problem. Meeting with Cypriot Foreign Minister Markos Kyprianou he said talks between the two leaders of Divided Cyprus , namely Pesident Christofias and Premier Mehmet Ali Talat should let talks be guided from Cyprus and not from abroad. London will be sending messages of support for a solution. The two leaders on Cyprus have met 28 times since September last year discussing the Divided Problem.

Yesterday leaders met to continue talks about the "Cyprus Problem" President Christofias and President Ali Talat Also present was the United Nations special advisor to Cyprus Alexander Downer. tlks are continuing on frmo previous talks with Crossing points on the Island on the agenda such as the Limnitis crossing point.  

A recent survey carried out suggests that unemployment has risen due to workers from outside of Cyprus coming in. The survey shows most Cypriots agree that foreign workers have caused unemployment to rise. Furthermore the reason in part is Cyprus accession into the European union and influx from Central and Eastern Europe. More on the survey can be found by a search for eurobarometer in many languages

A major fire broke out in the village of Flasou which lies in the Troodos mountain range. The fire which broke out early morning Tuesday was tackeled by the Forestry authorities in combination with the Fire Department who were assisted by Helicopters and a plane. This is the first major fire of the year and the authorities are investigating the cause.

Cyprus has just celebrated Europe Day. Organised by the Cypriot European Delegation based in Nicosia in conjunction with Nicosia Municipality and the Press Office. Events included a celebration of dance, music and singing. The purpose being to bring ctizens closer to European affairs.

The Turkish Foriegn Minister is on a visit to the North of Cyprus. Mr Ahmet Davutoglu has expressed support for the Turkish north of Cyprus from Turkey on many issues . Turkey will support Turkish Cypriots on every issue he declared.  However he also supports talks between both the Greek and Turkish parties in Cyprus. More can be found on the Turkish internet news paper Hurriyet popular on linel

May Day in Cyprus has seen demonstrations and Rallies organised in part by the PEO ( Pancyprion Federation of labour ). Mainland Greece saw riots in Athens and in Turkey after re instating the bank holday as an offical day, there were demonstrations in Istambul.

Cyprus and the Czech Republic have signed an agreement to aviod double taxation recently anounced by the Cypriot Finance Minister Mr Stavrakis. This should lead to more investment in Cyprus and therfore Boost the Econmy further.

The General Secretary of AKEL Andros Kyprianou said the policies of Premier Chistofias in regards to multi dimentional foreign policies were bearing fruit. Kyprianou went on to state that AKEL will continue towards a fair and just settlement having a strong presence within the frame work of the European Parliament.

the Greek prime minister Mr Costas Karamanlis arrived in Cyprus on a two day official visit today. A formal reception is planned at the Presidential house in Nicosia to be followed by talks. Also arriving was the Greek Premiers wife Natassa and also Greek Ministers and officials including Foreign Minister Dora Bakoyannis.

Easter is a very important time in the Cypriot Calander. Festivities include many fireworks and fires islandwide on top of the religious events. The dangers of fireworks are well documented but despite this here in Limassol, three people were injured in seperate incidents on hands and faces. Larnaca saw a boy with burns to his neck and more serously in Nicosia, a boy may loose his hand after handling a firecracker.

There has been an incident involving Ukranians in Limassol. In the early hours a man fell into a Pub, half clothed. The landlord summoned the authorities who searched and found a second man in the area under the influence. After interviewing the second man it was found that he had stabbed his room mate. The weapon was susbsequently discovered.

At a Presidential meeting towards the Turkish parliament President Obama talked about Turkeys progression into the European Union. Reference was made to the Cyprus Problem and also to the massacre of Armenians in 1915. The president added that the United States would assist in resolving differences including the Cyprus Problem and Armenia

President Obama is currently in Prague and is due to meet European Leaders to discuss the global Financial situation and energy policies. President Christofias will discuss Environmental Protection.

Tasos Georgiou head of the European Cyprus office to the European parliament urges people to vote for members of the European Parliament who suit them best. More so to emphasise theat the European Parliament contiues to raise awareness of the Cyprus Problem

Having had downpours a pleanty lately the weather forcast now reports that spring is here. The meteorological service for Cyprus reports island wide sun with inland temps of a pleasant 21 Deg C. Spring has hopefully finally arrived!

The average monthly salary for men is now 2098 Euros and for women 1868 Euros . This reflects an annual increase of 7 5 despite the global opposite pattern. Considering the costs running a business this is unusual.

This weekend Police in the Capital Nicosia introduced extra patrols to combat Boy Racers on Byron Avenue Nicosia After receiving residents concerns about anti social Behaviour.

The education ministry has isued a report that 27 Cyprus School students attempted to commit suicide over the last year. Many of the childeren were from Primary education. A full report has been published in the local Cypriot newspaper Phileleftheros (A Greek Newspaper)

A man was found hung in a Nicosia early hours on Sunday. He was arrested earlier after being found drunk and driving a stolen vehicle. He is belived to be a 25 year old man from Moldovia.

Budjet Airline Air Berlin is comming to Cyprus starting in the summer season which runs from May 01 - Oct 31 This "new" airline compliments Easy Jet running into Cyprus out of the UK as well as Monarch and My Travel. The new airport at Paphos has recently opened and the Larnaca neew terminal is well under way and expected to open soon

Paphos Airport

A report has been written in the newspaper Afrika that the North of Cyprus has had an inject of cash to the value $500 million. An agreement has been signed by Turkey and the finance ministry department in the North of Cyprus. This is the first time that such an agreement has transpired.    

A Body was found yesterday on Rodefinia Beach , Paphos. Identified as a U.K National and reported as non suspicious by the Local Constabulary. Further Details will emerge when the Police further their investigations.

Finance Minister Mr Stavrakis reports a Property slowdown in coastal areas and to counter act this he advises Bank reductions in lending rates. He also stated that the UK Cypus Property owners selling up could take a higher reduction in Property sales prices due to the Sterling Exchange rate

This is the first News posting for the new additional website portfolio of Kaimar Consulting.com. Our main website specialising in Cyprus Property For Sale. The intention is to periodically view our news sources and publish articles of interest on line pertaining to Cyprus. So watch this space!