Posts tagged with "finance"
Bank tightens credit risk rules
Later this month, it is anticipated that the Central Bank of Cyprus will issue ‘guidelines’ requiring the commercial banks to better manage credit risk. (In an earlier article, “The Property Bubble“, Dr Alan Waring reported that the executives of one […]
Published on: 10th July, 2008 | Popularity: 95% | Continued
Top 41 water saving tips from Paphos
Cyprus is suffering a water shortage crisis with many towns and villages being cut off for a number of days each week.
In belated efforts to resolve the crisis, the Government is planning a new sea water desalination plant, buying giant […]
Published on: 29th June, 2008 | Popularity: 88% | Continued
How to reduce your risks when buying off plan
THE majority of Brits buying new property in Cyprus buy ‘off plan’ from one of the many developers. (Off plan is where a property being bought is at the planning stage and has yet to be built)
One of the potential […]
Published on: 25th June, 2008 | Popularity: 91% | Continued
Encouraging better land use
The Cyprus Government seems determined to introduce measures to encourage better land use in urban areas.
Over the next few weeks the Finance Ministry is expected to finalise proposals for the development of around 10,000 unused building plots in the cities, […]
Published on: 6th June, 2008 | Popularity: 30% | Continued
VAT delay on Cyprus land
Cyprus’ Minister of Finance, Charilaos Stavrakis, says the Government is confident that it will be able to secure a postponement of the introduction of VAT on building plots.
Under its commitments to the EU, Cyprus was to have levied a 15 […]
Published on: 2nd June, 2008 | Popularity: 14% | Continued
Cyprus bank eases loan restrictions
THE Central Bank of Cyprus has eased the loan restrictions for the purchase or construction of second properties from 60% to 70%.
According to a local newspaper report, the Governor of the Central Bank, Athanasios Orphanides, informed the banks on Tuesday […]
Published on: 28th May, 2008 | Popularity: 5% | Continued
Equity release in Cyprus
I wonder if you can help please. The falling value of the pound against the Euro means that we have much less money coming in every month and we are now finding it quite difficult to make ends meet. A […]
Published on: 26th May, 2008 | Popularity: 4% | Continued