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Monthly Archives: February, 2014

News

Cyprus program remains on track says Troika

Press Release -
On its completion of its third assessment of the Cyprus Economic Adjustment Program, the Troika has issued the following statement noting that although the program remains on-track, Cyprus still faces significant risks.
News

Business development stifled by bureaucracy

Nigel Howarth -
The 11th edition of the Doing Business 2014 – Understanding Regulations for Small and Medium-Sized Enterprises report highlights some of the bureaucratic problems that hamper Cyprus' ability to attract investment.
News

NPLs reached €26.25 billion in November 2013

Staff Reporter -
Figures released by the Cyprus Central Bank reveal a worrying increase in non-performing loans with bad loans accounting for 35.2 percent of the €7.25 billion credit facilities granted to the construction sector.
News

Delinquent loans remain an issue for troika

Elias Hazou -
Although the troika's third assessment of the Cyprus economic adjustment programme is expected to be positive, delinquent loans remain a permanent danger looming over the banks.
News

Troika discussing title deeds delay

Press Release -
The Troika delegation is continuing its meetings in Cyprus and will be discussing the delays in issuing title deeds today as part of its third review of the economic adjustment programme.
News

No Title Deeds unless you pay developer’s debts (update)

Nigel Howarth -
UPDATE 7/2/2013 - MEP Sir Graham Watson has asked the Commission if it is aware that Cypriot banks are telling property buyers they will not receive title deeds unless they contribute thousands of Euros to their developer's outstanding debts.

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