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Monthly Archives: November, 2013

Legal Matters

IMF specialists to scrutinize Cyprus solvency laws

Editorial -
A reliable source has told CNA that a team from the IMF arrived in Cyprus yesterday and will meet all stakeholders in a bid to scrutinize the Cypriot solvency laws and provide recommendations for amendments.
Investment

Loan rate cuts are a step in the right direction – BUT

George Mountis BSc, MSc, Ph.D -
The recent announcement by the island's 'big three' banks to lower interest rates are a step in the right direction, but problems remain and these rate reductions are not enough as George Mountis explains.
News

Property sales crash 44 per cent

Nigel Howarth -
The number of properties sold during the first ten months of the year has fallen sharply, down 44 per cent on the numbers sold during the same period last year with no prospects of a recovery in the foreseeable future.
News

Revised Memorandum of Understanding (Updated)

Editorial -
Update 11 November. Updated MoU available. Earlier today the Finance Minister and the Troika agreed an updated MoU; discussions included the avoidance of mass and uncontrollable liquidations resulting from non-performing loans.
News

Controversial rent bill ditched by parliament

Elias Hazou -
Parliament has accepted the President's decision to reject the law that would have imposed compulsory rent reductions on the grounds that it was unconstitutional and in conflict with EU.
News

Constructive work on title deeds issue

Stefanos Evripidou -
David Lidington the UK Minister for Europe has completed a two-day working visit to Cyprus during which was received by President Anastasiades and met with Ioannis Kasoulides, the Minister of Foreign Affairs.

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