Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
Home > Cyprus > Property > News : ECB praises Cyprus population
SubscribeSubscribe to the Property Bulletin
   
 
Secure Exit Strategy


ECB praises Cyprus population

Article Date :
News Section: Cyprus        Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The population of Cyprus has been praised by the European Central Bank (ECB) for coping well with the currency changeover.

People on the Mediterranean island were said to have responded positively to the transition from the cypriot pound to the euro since the new currency entered circulation.

The organisation stated that towards the end of January, people were conducting their affairs with a "business as usual" approach, despite both currencies being in circulation during this period.

Only the euro is now considered legal tender in Cyprus after the February 1st deadline, although the outgoing currency was still able to be used for the first month after the changeover.

The ECB added that authorities on the island have also coped well with the transition, as they had ensured it had gone "smoothly and effectively".

This comes after the Telegraph predicted that the currency changeover would boost Cyprus's appeal to foreign property buyers, due to factors such as favourable interest rates and rising house prices.


Like this? Then share with your friends and colleagues!




Article created on behalf of Propertyshowrooms.com News Desk ()
Listing Separator

Related Articles

  1. Sales of Cyprus real estate fall again
  2. Cyprus property market 'struggling in current economy'
  3. Cyprus to discuss property market measures
  4. Sales and prices of Larnaca property fall
  5. New marina 'will boost Limassol property market'



Let us search for you Let Us find Property in Cyprus for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Cyprus.


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Cyprus
Channel: All

More RSS FeedsGo

Development Showcase

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo




Total execution time: 0.0625   (DBA Count: 8)

uri: /news/