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Monthly Archives: March, 2016

News

Title Deed applications exceed 8,000

Staff Reporter -
More than 8,000 trapped buyers of property in Cyprus have applied for their Title Deeds under the provisions of the ‘hidden mortgage’/'trapped buyers' law that was introduced last September according to the Cypriot Interior Ministry.
News

Rooting out corruption in Paphos

Bejay Browne -
Paphos mayor Phedonas Phedonos is investigating another case of possible corruption and although it appears that Paphos led the way, corruption had thrived in other towns for many years as well.
News

Bill to curb bank usury

Staff Reporter -
A vote on a bill to abolish unfair bank charges, such as a fee to monitor loan transaction history, insurance, added interest rates and other hidden charges, will take place at a plenary session of the Cypriot parliament next week.
News

Cyprus exits economic adjustment programme

Nigel Howarth -
Eurogroup finance ministers have approved the Cyprus government's decision to exit its Economic Adjustment Programme and commended the Cypriot authorities for the overall successful implementation of the programme.
News

BoC sets up bad real estate asset unit

Press Release -
The Bank of Cyprus has established a Real Estate Management Unit that aims to acquire real estate in a voluntary asset-to-debt swap of non performing delinquent borrowers that would otherwise follow the foreclosure process.
News

Green plan for Limni golf course

Nigel Howarth -
A new plan for a multimillion Euro golf course project at Limni is underway following the request by the European Commission for additional studies based on environmental concerns.

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