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Limassol Molos seafront

Misirlis: Encouraging signals for Real Estate

By | Latest Posts

Construction sites have re-opened and work restarted, with the local construction sector pondering the overall impact the health crisis will have on the industry. Some plans for new projects are now in a state of uncertainty, some are temporarily postponed and delays in the completion of projects in progress are now likely.

Yiannis Misirlis, Director of Imperio Group and Deputy Chairman of the Cyprus Land and Building Developers Association, in his recent statement in Limassol Chamber noticed that the impact of the coronavirus on the real estate market is undoubtedly significant, with construction sites and sales offices closed for more than 45 days during the lockdown, the purchasing interest of foreigners has understandably become less.

However, Mr. Misirlis pointed out, real estate remains the first form of investment to turn to in times of crisis, which is why the messages coming from Arab countries, Israel and Russia are encouraging. Although, he explains, we should not expect impressive moves in the immediate period, at least until further easing of the measures and the re-opening of airports.

Source: Limassol Chamber

Imperio Print & Play Activities

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Print & Play Activities

paper roll tube butterfly

Paper Tube Butterfly – Instagram Vs Reality

  1. Imperio Butterfly

  2. Colouring pages

  3. Connect the dots

Paper Tube Butterfly | Materials:

paper roll tube, paint, pom poms, scissors, brush, butterfly


  • Paper tube (empty toilet paper rolls)
  • Pipe cleaner
  • Black marker
  • Paint and brushes or
  • Colour pencils / markers etc
  • Scissors
  • Glue or adhesive tape
  • Small pom pom (optional)

*Always supervise baby and toddler activities*

Colouring pages | Materials:


  • Colour markers
  • Paint and brushes
  • Colour pencils / markers etc
  • Scissors
  • Small pom poms or other decorative craft materials (optional)

*Always supervise baby and toddler activities*


Connect the dots | Materials:


  • Black marker
  • Pencil or pen
  • Colour pencils / markers etc

*Always supervise baby and toddler activities*


covid19, coronavirus, medicalsupport, butterflyfoundation, imperio, alphanewslive, stayhome, staysafe, togetherwecan

Butterfly Foundation: Δωρεά 10 αναπνευστήρων & 20,000 ιατρικών στολών προς ΟΚΥπΥ

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Το Butterfly Foundation, με πρωτοβουλία της Imperio και τη στήριξη 12 άλλων εταιρειών, προχώρησε σε δωρεά εξοπλισμού ύψους πέραν των 300,000 ευρώ (€ 300,000) προς τον Οργανισμό Κρατικών Υπηρεσιών Υγείας για στήριξη των υπηρεσιών υγείας, των επαγγελματιών υγείας και την κάλυψη των εκτάκτων αναγκών που προκύπτουν από την εξάπλωση του ιού COVID-19 στη χώρα μας.

Στις δύσκολες ώρες που περνά η χώρα μας αλλά και ολόκληρη η ανθρωπότητα το Butterfly Foundation, έπειτα από συνεννόηση με τον ΟΚΥπΥ και το Υπουργείο Υγείας ανέλαβε το κόστος της παραγγελίας και παράδοσης 10 ιατρικών αναπνευστήρων τελευταίας τεχνολογίας καθώς επίσης και 20,000 ιατρικών στολών υψηλών προδιαγραφών.

Η πιο πάνω δωρεά έγινε κατορθωτή με την σημαντική στήριξη των πιο κάτω εταιριών τις οποίες και ευχαριστούμε:

Αλφαμέγα Υπεραγορές, Αlpha TV Κύπρου, Αρτοποιία Ζορμπάς, Columbia Ship Management, Deloitte, Exness, Imperio, Loutsios Group, Metaquotes Software, Morcel, Τράπεζα Κύπρου, Τσιμεντοποιία Βασιλικού και Windsor Brokers

Η πράξη αυτή αποτελεί την ελάχιστη στήριξη προς τις υπεράνθρωπες προσπάθειες που καταβάλουν οι επαγγελματίες ιατρικού και παραϊατρικού προσωπικού για την καταπολέμηση του ιού και την προστασία όλων μας.

#ΘαΤαΚαταφέρουμε #ΜένουμεΣπίτι


israel, realestate, jerusalem, imperio, cyprus, limassol

Home sales slump in Israel’s biggest cities, whilst in Limassol, property investors make money

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The number of annual real estate deals has fallen in recent years in Jerusalem, Tel Aviv and Haifa, the Madlan website reports.

A slump in the number of deals in Israel’s big cities and a slump in the luxury housing market and price rises by tens of percentage points in many cities – these were the more outstanding findings in a report of Israel’s real estate market over the past decade by the website Madlan.

Madlan CEO Eitan Singer explains that his company gathers data about the real estate market for a range of sources including deals published by the Israel Tax Authority, data from the Central Bureau of Statistics, the number of Airbnb apartments in every neighborhood, and more.

Jerusalem losing ground

According to the Central Bureau of Statistics, Israel’s population grew 19% over the past decade – but Madlan’s data shows less deals in Israel’s biggest cities.

Jerusalem, Israel’s biggest city, had the largest number of deals but it lagged behind population growth. For example in 2010, Jerusalem’s population was 40% larger than Tel Aviv yet there were 10% more deals in Tel Aviv.

Madlan believes that this was due to the unique characteristics of Jerusalem – a large young population, illegal construction, and the Arab sector where young adults live with their parents until they get married.

In Tel Aviv itself, the number of deals annually has fallen from 6,686 in 2010 to just 3,826 in 2019. Madlan attributes this to the sharp rise rises in the city and new measures that have taken investors out of the market such as reduced financing and higher purchase taxes on second apartments.

Singer said, “In Tel Aviv, we see a fall in the number of deals from the middle of the decade. 2018 was the low-point of the decade in terms of new deals – due to the rise in prices in the city, which greatly reduced the number of potential buyers of new apartments. The capital required to buy an apartment is higher today even in neighborhoods in south Tel Aviv and Jaffa – in fact it has more than double itself in some neighborhoods.

In Haifa too there was a fall in the number of deals from 5,393 in 2010 to 3,525 in 2019.

Read more: en.globes.co.il

Greek Prime Minister Kyriakos Mitsotakis, his Israeli counterpart Benjamin Netanyahu and Cypriot President Nikos Anastasiadis shake hands in Athens

Leaders From Israel, Cyprus, Greece Sign EastMed Gas Pipe Deal

By | Cyprus, Latest Posts

Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attended in Athens Thursday the signing ceremony for the accord to construct the Eastern Mediterranean natural gas pipeline.

The 1,900-kilometre (1,181 miles) link will connect recently discovered, and to-be-found, gas fields in the eastern Mediterranean basin with European markets through Cyprus, Greece and Italy. The project is being developed by IGI Poseidon SA, a joint venture of Greece’s state-owned supplier Depa SA and Edison SpA. Italy is set to sign the agreement at a later date.


Kyriakos Mitsotakis, center, Benjamin Netanyahu, right, and Nikos Anastasiadis shake hands in Athens on Jan. 2. Photographer: Aris Messinis/AFP via Getty Images

“Today, we did not just sign an advantageous agreement, but also cemented our decision for strategic engagement in a region that’s in need of cooperation,” Mitsotakis said at the ceremony. “EastMed is not a threat to anyone.”

The accord comes just as tensions are increasing in the region after Turkey’s contentious agreement that delineates maritime borders with Libya and affirms claims to areas of the Mediterranean the pipeline may cross. The three signatory countries all oppose the deal.

Gas Finds and Maritime Claims in the Mediterranean

Israel’s cooperation with Cyprus & Greece “adds to security and prosperity in the region” and “we are not turning against any other country,” Netanyahu said.

The deal allows for other countries to join the project, Anastasiades said.

EastMed is not intended to send a message to Turkey, but to promote cooperation in the energy sector at a regional level, Greek Energy Minister Kostis Hatzidakis said Dec. 24.

Turkey’s Foreign Ministry spokesman Hami Aksoy said the agreement was a “futile” attempt to exclude Turkey and the breakaway Turkish Cypriot state from the energy projects in the region, adding that Turkish Cypriots have equal rights to the island’s natural resources.

“Turkey is the most commercially feasible and secure route for the utilization of the natural resources in the Eastern Mediterranean and their transfer to the consumer markets in Europe, including Turkey” Aksoy said in a written statement late Thursday. Any project that disregards Turkey “cannot succeed,” he said.

The accord includes a clause for ensuring the security of the pipeline’s operations and contains a single regulatory framework for the facilitation of the project and a common tax regime that will govern it.

Gas purchase

Depa also signed on Jan. 2 with Energean Oil & Gas Plc a letter of intent for the potential sale and purchase of 2 billion cubic meters of natural gas per year from Energean’s fields in offshore Israel. The deal is considered a step for the project’s commercial viability and its realization. The amount represents 20% of the pipeline’s initial capacity of 10 bcm a year.

IGI Poseidon in December agreed to fast-track development of the EastMed pipeline and take a final investment decision within two years. The European Union has said it supports the project because it will help diversify its gas supplies and boost energy security. The target of the pipeline is to transport 20 bcm a year while the budget for the initial capacity stage is 5.2 billion euros ($5.81 billion).

U.S. Secretary of State Michael Pompeo also underlined American backing for the pipeline when he attended a Cyprus-Greece-Israel trilateral summit in Jerusalem in March.

— With assistance by Selcan Hacaoglu, and Constantine Courcoulas

Source: bloomberg.com

The time is now! Invest in Limassol. Invest in Cyprus.

By | Latest Posts

When it comes to building on Limassol’s bright future, the time is now!


Limassol is living in exciting times and there are some very interesting investment opportunities.

The economy of Cyprus has seen a spectacular recovery in the last few years. In more recent times, it has established itself as one of the fastest growing economies of the European Union.

Contemporary architectural design is now defining the coastline of Limassol, imparting a sense of luxuriousness across the entire city.

Aiming to approach and even transcend the level of other International cities, Limassol claims a prominent position among the top destinations in Europe.

Imperio’s design is embracing innovation and delivers consistent high quality, based on the impressive specifications built into every property.

At the end of the day the real challenge is to touch the lives of people, building on the dreams and hopes of those surrounding each building, creating something unique for the society as a whole.

When it comes to building on Limassol’s bright future the time is now!

Invest in Limassol. Invest in Cyprus. Invest now!

Non-EU citizens residence permits

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Residence permit is the permission from EU-countries to citizens of non-EU nations (also known as third country nationals) to stay for at least 3 months on the territory.

In line with Eurostat, 18,971 non-EU citizens were granted residence permits by Cyprus, in 2017. Citizens of India and Russia is the majority to which residence permits were granted.

The analysis of the residence permits that were granted to non-EU citizens by Cyprus, in 2017:

India – 4,710 (24.8%)

Russia – 2,883 (15.2%)

Nepal – 1,406 (7.4%)

Philippines – 1,317 (6.9%)

Sri Lanka – 1,200 (6.3%)

Others – 7,455 (39.3%)

Regarding Europe in total, employment opportunities, family reunification and educational opportunities are among the major purposes for issuing permits, according to the report.

The applicants declaring ‘Other reasons’ as their purpose for a residence permit in an EU-country, have the right to stay in that territory, although they are not permitted for work or international protection.

Also, the citizens of Ukraine (662 thousand) were provided with the highest number of permits by EU-nations while, the second highest number was Syrian citizens (223 thousand).

source: Eurostat

cyprus, top50happiestcountries, happiestcountries, happiestcountriesintheworld, happycountries, cyprusdaily, dailymail

Cyprus amongst the happiest countries in Europe!

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Cyprus are amongst the top 50 happiest countries in Europe according to a new index developed by scientists.
The system for judging a nation’s satisfaction is based on official statistics rather than questionnaires answered by some of the population.
Data on a country’s development, freedom, solidarity, justice and peace are measured to build rankings and work out how people can be made happier.
Of 13 countries on which the index was tested, Iceland and Sweden come out on top, with a 76 out of 100 score. Austria places third on 74, and the UK fourth with 69.
Experts hope analysing countries this way could help develop strategies for their countries to improve people’s happiness.
Here is the table:

source: Cyprus Daily