Latest Headlines

Archive for April, 2013

Living in denial doesn’t mean forgetting to live

Cypriots are still going round drinking coffee, having dinner with friends, and booking holidays, having a hard time appreciating what has happened – and what will happen in the months ahead.

Cyprus president steps up to the plate

President Nicos Anastasiades has announced a range of measures to restore confidence and modernise the state including combating corruption and collusion – and a reform of the Civil Service.

Why have construction output prices not fallen?

Although output in the island’s construction sector is around one quarter of it what it was twelve years ago, output prices have taken a long time to respond, falling by only 0.4 per cent in 2012.

Just more empty talk about title deeds

In a speech made by the Cyprus Minister of Foreign Affairs Mr Ioannis Kasoulides at the House of Commons in London, he spoke briefly about the problem of the timely issuance of Title Deeds.

Revised property tax bill announced

Details of the proposed property tax bill have been announced, but houses valued at many millions of Euros in a number of districts have not been included in the calculations as they have not been properly registered.

Criminal investigation into land registry officials

Disciplinary and criminal investigations are underway into a number of land registry officials relating to allegations of corruption, bribery, embroilment, violation of personal data laws and depriving the state of revenue.

EU set to finalise rules on mortgage lending

The European Union is seeking to avoid housing bubbles with a set of common rules for mortgage lending in efforts to avoid property bubbles that have resulted from reckless lending.

Property tax for all

A bill proposing a revised property taxation system under which every home owner will pay according to the 1980 value of their property will be put before a plenary session of parliament later this week.

Cyprus banking idiosyncrasies laid bare

The PIMCO due diligence report on the island’s banking system reveals what the company refers to as idiosyncrasies that differentiate Cyprus from other international banking systems.

Will the ‘new broom’ sweep clean?

Will the new president of Cyprus, Nicos Anastasiades, persevere and carry through the essential and, in some cases, radical changes that are needed for the country’s recovery and long-term sustainability?

Page 1 of 212

Back to top