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NPLs remain problematic says IMF

The high level of non-performing loans (NPLs) remain a problem for the Cyprus banking sector despite the strong growth boosting the island’s economy says the IMF representative in Cyprus.

Anger over sea caves development

A development of six ‘luxury’ properties in the sea caves area of Peyia in Paphos has enraged many people in the area as the destruction of Cyprus’ environment and natural beauty continues.

Crocodile park returns

Following a rejection of a crocodile park by the Psematismos and Athienou communities TSA Crocopark Ltd has approached the Achna district to discuss the possibility of a theme park.

More high-rise towers for Limassol

A further five high-rise towers are set to line the Limassol coast road; the ‘Trilogy’ project by Cybarco next to Enaerios and the ‘Blue Marine’ project by Leptos next to the Limassol marina.

Paphos marina – call for President to intervene

Kissonerga community council is drafting a letter calling on the president to intervene to ensure that the construction of the Paphos marina at Potima goes ahead as quickly as possible.

Another stab at resolving the Title Deeds mess

The Cyprus government to take another stab at resolving Title Deeds mess created by nefarious developers who duped people into buying mortgaged property as the law passed in 2015 failed to fully address the problem.

Hellenic bank violated consumer rights

The Cyprus Consumer Protection Service has ruled that the Hellenic Bank violated consumer rights with abusive clauses in mortgage contracts and imposed charges for early debt repayments.

Cyprus residence permits statistics

Cyprus issued 16,970 residence permits to non-EU citizens in 2016 according to statistics published yesterday by the Eurostat, the statistical office of the European Union, in a press release.

ETEK calls for stricter supervision

ETEK has called for stricter supervision of building permits and urged the public to check that engineers they wish to employ are registered and licensed after a women claiming to be an architect was arrested.

Scheme to alleviate bailout losses

Cyprus Finance Minister Harris Georgiades has announced the creation of a scheme to alleviate bailout losses, which amounted to €8 billion, incurred by depositors as a consequence of the bailout.

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