Limassol

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ENI set to start drilling off Cyprus

The Transocean Barents floating drilling rig has set sail from Limassol and is en route to the Cronos gas field. It will conduct drilling operations on behalf of the Italian company ENI in the Cronos-2 area in Block 6 of the Cypriot exclusive economic zone (EEZ), approximately 160 kilometers southwest of Cyprus, according to a report from the Cyprus News Agency.

Israeli hotel group expanding presence in Cyprus

New major investment plans in Cyprus are under way by Fattal Hotel Group, the largest hospitality organization in Israel and one of the fastest-growing hotel groups - with 270 units in 117 destinations. It is now further expanding its portfolio in Cyprus. 

The company owns nine hotel units in Paphos, Larnaca, Protaras and Limassol. 

Demand bolsters house prices in Cyprus

Housing prices in Cyprus continued along their upward trajectory in the fourth quarter of 2022, driven by increased construction costs and higher demand. According to the Central Bank of Cyprus (CBC), the Residential Property Price Index (RPPI) recorded a year-on-year increase of 6.6%, surpassing the 6.3% rise observed in the previous quarter in 2022.

Cyprus police use teargas to disperse fans hurling firebombs after League Cup final

Cyprus police used tear gas to disperse dozens of soccer fans who attacked them following the end of the island nation's league cup final.

Before the final between Omonia Nicosia and AEL Limassol on Wednesday at Nicosia GSP Stadium, police arrested six people for possession of fireworks, while a search of the stadium parking lot turned up a bag containing four Molotov cocktails.

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