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20th April 2024
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Yearly Archives: 2009

News

Cyprus property tax hike attacked

Editorial -
The Cyprus Democratic Rally Party’s Vice President, Averof Neophytou, has attacked the proposed tax hike on property calling it a tax raid by the government on 90% of Cypriot citizens.
Articles

Cost of owning a home in Cyprus could rise

Nigel Howarth -
The cost of owning a home in Cyprus could increase as a consequence of the package of measures announced yesterday by Interior Minister Charilaos Stavrakis and this may have the effect of further depressing the Island's already beleaguered overseas property market.
News

Property taxes to raise 80 – 100 million Euros next year

David Crowther -
Charilaos Stavrakis, the Cyprus Finance Minister has presented a package of measures which include raising 80 to 100 million Euros from taxes on property next year as part of the Government’s overall plans to get the Cyprus economy back on track.
News

Tax revenues slump, deficit increases

David Crowther -
According to reports, Cyprus tax revenues slumped during January - November 2009 and the fiscal deficit increased to more than 3% of the island's Gross Domestic Product, which means total losses during the period exceed €500 million.
News

Construction output falls continue

David Crowther -
During the first nine months of 2009 output production in the Cyprus construction sector and output prices in construction have fallen, according to the latest figures published by the island’s statistical service.
News

Call to outsource Title Deeds procedure

George Psyllides -
The Land and Building Developers Association has called on the Cyprus government to outsource eleven of the twelve procedures currently needed to issue a Title Deed to the private sector.

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