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Archive for 2011

EU Timeshare Directive comes into force

The new Timeshare Directive came into force across Europe yesterday designed to improve consumer protection and ensure a level playing field across Europe’s timeshare market.

Major improvements to Cyprus town planning

Plans to overhaul of the Cyprus Town Planning and Housing department to support the social and economic development of the Island have been announced by Interior Minister Neoklis Sylikiotis.

Fragile recovery in European residential property

The European residential real estate market is recovering slowly but in Cyprus the current fiscal and political climate is too unstable to encourage investment in the property sector.

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.

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