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Monthly Archives: January, 2015

Legal Matters

Mortgage regulation tightened

Nigel Howarth -
The Mortgage Credit Directive 2014/17/EU aims to enhance consumer protection for those buying residential property and should end devious banking practices in Cyprus and other EU member states.
News

Foreclosures bill suspension extended

Nigel Howarth -
At a plenary meeting of the Cyprus parliament earlier this afternoon, opposition party MPs voted to extend the suspension of the hotly debated foreclosures bill until later this year.
News

Cyprus real estate insight (apartments)

Nigel Howarth -
During the first three quarters of 2014 more than 3,200 residential property transactions took place across Cyprus according to figures released by Cyprus Economic Intelligence (CEI).
News

Aristo trial gets underway

Nigel Howarth -
The trial of Theodoros Aristodemou, the head of Aristo Developers Limited and former Chairman of the Board of Directors of the Bank of Cyprus, and three others resumed today at the Paphos Assizes.
Investment

Ayia Napa marina investment

Editorial -
Naguib Sawiris, billionaire businessman and founding member of the Al Masreyeen Al Ahrrar political party, plans to invest around €220 million in the construction of the Ayia Napa marina.
Articles

The major problem of non-performing loans

George Mountis BSc, MSc, Ph.D -
Banks in Cyprus could secure the collection of significant parts of loans that are currently not being serviced by managing their non-performing loans more efficiently as Dr George Mountis explains.

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