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.
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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.
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