Cyprus is about to enter a new stage of development, said Nicos Anastasiades

Delivering his New Year Address to the citizens of Cyprus, President Anastasiades congratulated them on a hard but fruitful year. He said that although Cypriots had to endure great financial difficulties and hardship in 2014, the government has managed to successfully implement the country`s economic adjustment program which helped stabilize the economy and consolidate the banking sector. With the financial creditability of the state restored, Cyprus was able to return to the markets.


Limassol is preparing to give its waterfront a facelift

As Limassol Mayor Andreas Christou told local media sources, the city`s authorities intend to develop the 3.5 km strip of its seafront that stretches from the Old Port to the Crowne Plaza hotel.