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Cyprus > Financial

Cyprus

An Expat Guide To The Cost Of Living In Cyprus

The cost of living in the Republic of Cyprus has been significantly affected by the country‚Äôs banking crisis. The problem is the measures that the European Union imposed on Cyprus in exchange for a bail-out loan and the shrinking economy. For a long period of time, pensioners from the UK have been moving to this island because of its low cost of living and favourable tax conditions, which allowed their money to go further than it would have in ...    more ...
Cyprus

The Latest on the Financial Situation in Cyprus

When we last checked in on the financial situation in Cyprus some weeks ago, the situation was one that could charitably be called "interesting" (and, to be sure, many would use harsher terms.) From the Cypriot-on-the-street to president Nicos Anastasiades, seemingly everyone in the country was operating at a high level of tension and indignation. Video of street demonstrations or of heavily guarded shipping convoys gave the impression of a natio ...    more ...
Cyprus

Implications of the Latest Financial Situation in Cyprus

Kyrenia Castle, Cyprus
The island of Cyprus has long been a scenic haven for expatriates and visitors from the U.K. and elsewhere in northern Europe. As recently as 2011, its tourism industry attested to this by being ranked 24th in the world in "overall competitiveness" by the World Economic Forum, with its popular beaches alone being a significant selling point for travelers and foreign real estate investors. Around 60,000 British expatriates have made their home on ...    more ...


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