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29th March 2024
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Yearly Archives: 2016

ECB argues ‘bad banks’ could reduce NPLs

The European Central Bank made the case on Tuesday for having state-backed 'bad banks' buy part of the 1 trillion euros of non-performing loans (NPLs) that are curbing lending and economic growth in parts of the euro zone.

Slump in Brits buying homes in Europe

Britons buying homes abroad have fallen by a quarter compared to a year ago since the EU referendum said Moneycorp's chief executive Mark Horgan in an interview with Reuters news agency.

How far have Cyprus property prices fallen?

In light of the various Cyprus property price indexes that abound at the moment, the director of Sapienta Economics Ltd Fiona Mullen asks the question how far have Cyprus property prices fallen?

Cyprus urged to implement mortgage directive

The European Commission (EC) has given Cyprus and eight other EU member states two months to implement the regulations of the European Union on mortgages if they want to avoid going to the European Court of Justice.

Fundamental planning reforms

Fundamental reforms are underway to rationalise, accelerate and simplify the time consuming and complex procedures involved with the licensing and control of building development in Cyprus.

Alpha Bank Cyprus fined (update)

Alpha Bank Cyprus has been fined a quarter of a million Euros by the Office of Competition and Consumer Protection (CCPS) following its investigation into the company's business practices.

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