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Government to support banks in financial crisis

The Council of Ministers has approved three draft bills designed to shore up the banks that are heavily exposed to Greek government bonds and to establish an independent financial stability fund.

Construction deal with Qatar on track

The deal between the Cyprus government and the Qatari Diar Real Estate Investment Company to build a luxury hotel, apartments, shops, offices and a leisure complex in Nicosia is on track.

VAT and other tax reductions on the table

VAT reductions for first-time home buyers and a suspension of transfer fees are being discussed as part of the Cyprus government’s austerity measures to bolster the Island’s failing economy.

Will Cyprus follow Spain’s example

Will Cyprus follow the example of Spain where the government plans to halve the VAT payable on the sale of newly built housing until the end of the year in an effort to boost its property market?

Government planning amnesty bulletin: part 4

We look at the Immovable Property (Tenure, Registration and Valuation) law in our fourth and final article on the Interior Ministry’s bulletin about the recently approved bills designed to alleviate problems in issuing Title Deeds as a result of planning infringements.

Government planning amnesty bulletin: part 3

We look at the streets and buildings regulation law in our third article in a series of four on the Interior Ministry’s bulletin about the recently approved bills designed to alleviate problems in issuing Title Deeds resulting from planning infringements.

Government planning amnesty bulletin: part 2

We look at the town and country planning law in the second article in a series of four on the Interior Ministry’s bulletin about the recently approved bills designed to alleviate problems in issuing Title Deeds resulting from planning infringements.

Government planning amnesty bulletin: part 1

The Interior Ministry has published a bulletin explaining the provisions of the recently approved bills designed to alleviate problems in issuing Title Deeds resulting from planning infringements.

Britain to review Cyprus military bases

Britain will review its military bases in Cyprus as it seeks to extract maximum value from a shrinking defence budget, Defence Secretary Liam Fox said in a statement to the UK parliament on Tuesday.

Cabinet approves Qatar real estate deal

Cabinet has approved the multimillion Euro deal with Qatar to develop prime real estate in the capital, opening the way for the joint venture to be realised.

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