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Monthly Archives: September, 2018

Legal Matters

Lawyers minimum fees in the bin

Nigel Howarth -
The Cyprus Bar Association has been forced to repeal rules that required lawyers to charge prescribed minimum fees for their out-of-court work rather than competing against each other on price.
Investment

S&P raises Cyprus credit rating to BBB-

Nigel Howarth -
Cyprus got its investment credit worthiness back on Friday as Standard & Poor’s raised the country's credit rating from BB+ to BBB- with a stable outlook, five years after the financial collapse.
News

Sea caves development a ‘litany of irregularities’

George Psyllides -
A special audit report into the procedures that resulted in the desecration of the sea caves area of Pegeia in Paphos on the west coast of Cyprus has uncovered a litany of irregularities.
News

Will NPLs sale affect the Cyprus property market?

George Mouskides -
Assessing the impact of the sale of non-performing loans (NPLs) will have on the Cyprus property market is not straightforward as George Mouskides, Chairman Cyprus Property Owners Association, explains.
Legal Matters

Bill to tax Airbnb rents to go to plenum

Elias Hazou -
A bill designed to regulate and tax the rental income on an estimated 40,000 short term Airbnb style properties in Cyprus should be presented at a plenary session of the Cyprus parliament within the next two weeks.
News

New home permits up 32.8 per cent

Nigel Howarth -
The number of building permits for the construction of new homes in Cyprus rose 32.8 per cent in June 2018 compared to the corresponding month last year providing for the construction of 506 new residential homes.

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