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Monthly Archives: August, 2012

News

Critical meeting to save Chinese airport deal

Editorial -
The Minister of Communications and Works, Efthimios Flourentzou, will meet the Chinese investor interested in redeveloping the old Larnaca airport in an effort to persuade him not to pull out.
News

Chinese multi-million airport deal collapsed

Nigel Howarth -
The multi-million Euro plan to develop the old Larnaca airport into a commercial showroom for Chinese products and a logistics centre has collapsed; the Chinese investor is no longer interested.
News

UK tax man targets offshore bank account holders

Nigel Howarth -
A nationwide HMRC programme is tracking down UK taxpayers with offshore bank accounts in Cyprus and pursuing them for unpaid taxes on the interest earned on their capital.
Investment

HMRC removes all Cyprus QROPS

Editorial -
Questions are being asked as to why Her Majesty's Revenue and Customs has removed all the Cyprus-based Qualifying Recognised Overseas Pension Schemes from its list of registered schemes.
Investment

Government aide resigns over airport deal allegations

Nigel Howarth -
Marios Ieronymides, director of President Christofias' Diplomatic Office, has resigned following allegations in the press of a conflict of interest in his relationship with Chinese investor Far Eastern Phoenix.
Investment

Cyprus Popular Bank chairman ordered to quit

Nigel Howarth -
Michalis Sarris, the chairman of the Cyprus Popular Bank has been asked to step down after accusing the island's government of making serious mistakes in a recent television interview for the BBC.

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