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Monthly Archives: January, 2013

News

MPs reject property tax bill

George Psyllides -
MPs have rejected a government request to discuss and vote on the bill designed to increase Immovable Property Tax as part of the island's bailout deal saying they needed more time to consider its ramifications.
News

Chinese developers have their sights set on Cyprus

Nigel Howarth -
Cyprus may soon be welcoming a number of property developers from China who are planning to buy land on the island or work with local property developers to build homes for Chinese families.
News

Revised property tax bill vote

Nigel Howarth -
The House plenum will vote today on an amended bill to increase the rate of Immovable Property Tax, which was part of the preliminary agreement between Cyprus and its international lenders.
Investment

Moody’s downgrade piles on the junk

Alan Lawton -
Moody's Investor Service has downgraded Cyprus' top three banks citing uncertainty over the country's bailout talks with international creditors, bringing them closer to the bottom of junk status.
News

Construction industry loans under microscope

Nigel Howarth -
Loans given to the construction industry by the Bank of Cyprus and the Cyprus Popular Bank will be discussed today at a meeting between the banks' management and representatives from Pimco.
News

Pay developers’ debts or lose your home

Nigel Howarth -
MEP Edward McMillan-Scott has raised a question in the European Parliament asking whether Cyprus has contravened the UCPD and what can the EU do to protect the rights of property buyers.

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