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Monthly Archives: June, 2012

Investment

Fitch downgrades Island’s top three banks

Alan Lawton -
Following Fitch Rating's downgrading of the Island's credit rating to junk on Monday, Fitch downgraded the Island's top three banks - the Bank of Cyprus, the Cyprus Popular Bank and the Hellenic Bank earlier today.
Articles

Papal infallibility in Cypriot companies

Pavlos Loizou MRICS VRS -
Years of meteoric growth in the economy when everything you touched turned to gold lead many Cypriot companies to believe they were infallible and ignore issues such as downside risks.
Investment

Cyprus bids for EU bank bailout

Editorial -
Cyprus has become the fifth Eurozone country that has turned to Brussels for emergency funding. It is seeking a lifeline for its banks and its budget, hours after Spain submitted a formal request to bail out its banks.
Investment

Venus rock resort under construction

Editorial -
Golf & Land Design's plans and vision are quickly being realised at the Secret Valley golf Club at Venus Rock Resort in Cyprus, where the first of two new 18 hole golf courses is under full construction.
Investment

Fitch cuts Cyprus credit rating to junk

Alan Lawton -
Credit ratings agency Fitch downgraded the Island's credit rating to "junk" status earlier today due to the amount of rescue money needed to bail out its banks, which are heavily exposed to the Greek economy.
News

Banks and government destroying property market

Nigel Howarth -
The banks and the government have joined the band of 'crooks' masquerading as property developers and estate agents who seem intent on destroying the Island's once thriving property market and its reputation.

Top Stories

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