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Monthly Archives: September, 2016

Investment

Renewed interest in Larnaca airport

Nigel Howarth -
There is renewed interest in the old Larnaca airport by a Chinese consortium that plans to use the site as a wholesale commercial park and re-export products to the Middle East and EU member states.
Investment

Revised citizenship scheme approved

Staff Reporter -
The Cyprus government has approved a revised citizenship-by-investment scheme designed to further encourage investments in the island's economy by non-Cypriot businessmen and investors.
News

Court bans banks foreclosing

Stelios Orphanides -
The Larnaca District Court has banned banks from foreclosing on properties used as collateral for loans for which courts gave the go ahead before the new foreclosure law came in effect last year.
News

Slight fall in building permits

Nigel Howarth -
The number of building permits authorised by the municipal authorities and the district administration offices during June 2016 stood at 455 according to the Cyprus Statistical Service.
Investment

Work to start on Ayia Napa marina

Stelios Orphanides -
The first phase of construction work on the Ayia Napa marina is scheduled to get underway on 30 September following the signing of an agreement between Makronisos Marina Ltd and Greece’s Terna A.E.
News

Swiss Franc loans: 80 per cent non-performing

Staff Reporter -
Although Swiss Franc loans declined €274 million in the first half of the year, 80 per cent of the remaining €1,778 million are non-performing according to the head of the Cyprus Central Bank's Supervision Division.

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