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All reports tagged with: "Cyprus government"

Cut interest rates, write off debt …

The Cyprus government must take a close look at the excessive household and business debt, and urgently raise the issue of possible debt write-offs, obviously under certain conditions and restrictions.

Will the ‘new broom’ sweep clean?

Will the new president of Cyprus, Nicos Anastasiades, persevere and carry through the essential and, in some cases, radical changes that are needed for the country’s recovery and long-term sustainability?

Central Bank press release on banking measures

A press release issued by the Central Bank of Cyprus clarifies the measures implemented at the Bank of Cyprus and Laiki Bank following the agreement reached between the Cyprus Government and the Eurogroup

Government scraps property tax bill

The Cyprus Interior Minister, Socrates Hasikos, has announced that plans drawn up under the Christofias administration which aimed to raise €180 million by increasing Immovable Property Tax have been scrapped, for now.

Moody’s cuts Cyprus rating on default risk

Moody’s cut Cyprus government bond credit rating by three notches to Caa3 from B3 due to an increase in government debt and issued a warning that the country had a 50 per cent chance of default.

Tax hike may trigger land sales

The government’s proposed changes to immovable property taxation may encourage property developers to sell their land banks rather than sitting on them, according to a lead consultant.

A plan for all reasons

Proposals to resolve property purchase disputes in Cyprus without litigation and restore the credibility of its public, property and financial sectors have been submitted to the Cyprus Government.

Larnaca port transformation agreed

Finally, after two years of negotiation, the government and the Zenon Consortium have signed an agreement for a joint development of the Larnaca port and marina at a cost in excess of €700 million.

Title Deed chickens come home to roost

The Title Deed fiasco will be at the top of the agenda at a high-level meeting scheduled to be held next week between senior ranking EU officials and ministers from the Cyprus government.

Cabinet reshuffle after finance minister quits

Following the resignation on health grounds of Finance Minister Kikis Kazamias last Friday, a mini-reshuffle of the Cyprus cabinet was announced earlier today with Neoclis Sylikiotis taking over as the minister for Commerce And Industry.

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