NEWS & ARTICLES

Cyprus President Nicos Anastasiades expressed on Tuesday evening the government's satisfaction over the progress achieved so far in the Paralimni marina project, in the sea-side resort of Protaras. He was addressing an event in Nicosia during which the project was presented. The marina is set to have 300 spots for docking, with all the necessary support services.

HOPES of issuing up to 70,000 trapped property buyers with their title deeds were revived earlier this month after banks pledged not to raise objections to a disputed law, but the top land registry official told the Sunday Mail this week he was uncertain how this would work in practice.

Cyprus seems to have shaken off its financial woes and is riding a new wave of prosperity. During its 2013 crisis, it looked as if the island might lose its way, but within three years Cyprus had exited its bail-out and is now seeing another boom.

A BRITISH mother living in Paphos, another victim of the Swiss francs mortgage mis-selling scandal, has issued a desperate plea for help after being swamped by a mountain of debt caused by a property purchase under the scheme. Laura (not her real name) contacted the Sunday Mail as she felt she has nowhere else to turn and her current situation has left her feeling hopeless.

Energy Minister Giorgos Lakkotrypis, investor PMV Maritime Holdings and the Paralimni municipality on Monday signed contracts for the building of the Paralimni marina. The contracts concern the long-term lease of land and sea space in the area of the Ayios Nicolaos fishing shelter of Protaras.