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Archive for February, 2011

St George coastal works under scrutiny

The Green Party and Peyia councillor Linda Leblanc are concerned that the pristine St. George coast north of Paphos is being destroyed by development.

Larnaca marina development to start in January

The Larnaca port and marina development is anticipated to start in January 2012, which along with other improvements should improve the attractiveness of the town as a tourist destination.

Concrete workers set to strike on Monday

An indefinite strike by the Cyprus Ready Mixed Concrete Association is planned to start tomorrow following a decision taken at an extraordinary general meeting last Thursday.

Cyprus Title Deed law breakers face stiff penalties

The Cyprus government’s revised Title Deed legislation provides for fines and the possible imprisonment of those found guilty of violating its provisions.

Moody’s downgrades Cyprus rating two notches

Yesterday Moody’s Investors Service downgraded Cyprus government bond ratings by two notches to A2 from Aa3, reflecting its view of the country’s weakening medium-term credit fundamentals.

Brit at centre of dispute arrested charged and freed

Conor O’Dwyer was detained as he tried to leave the Paralimni court last Friday and was later arrested, handcuffed and taken to the police station where he was charged with public insult and later released.

EU real estate agents free to operate in Cyprus

Estate agents from the EU are free to establish themselves and exercise their activities in Cyprus following actions taken by the European Commission.

Title Deed legislation will destroy property market

Rather than resolving the Cyprus Title Deeds-cum-fraud mess, the proposed legislation will destroy what vestiges of confidence remain in the Island’s overseas property market and will possibly result in its collapse.

Building permits drop in December

Figures released today by the Cyprus Statistical Service show that the number of building permits issued for the construction of residential properties fell in November compared to the same month last year.

Revised Cyprus Title Deeds laws by May?

Amendments to various laws designed to resolve the Cyprus Title Deeds-cum-fraud mess could be complete and voted through before parliamentary elections in May.

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