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All reports tagged with: "republic of cyprus"

S&P revises Cyprus outlook to positive

Standard and Poor’s (S&P’s) has revised the Cyprus economy’s outlook to positive from stable, citing better than anticipated reduction in the country’s public debt and the less adverse economic growth.

Cyprus: Dealing with a crisis

Hit by a severe crisis, Cyprus received financial assistance from the international community in May 2013. One year after, this IMF video explains the origin of the crisis and the subsequent evolution of the country’s economy.

Immigration permits for non-EU nationals

The Interior Ministry recently announced changes to the procedures for granting Immigration Permits (Permanent Residence) to third country (non-EU) nationals who intend to invest in Cyprus.

Marshall Case creates Conflict of Law

A Cypriot District Court ruling concerning jurisdiction throws cold water on a ruling by the High Court in London that the claimants have the right to bring their action in the UK provided they do so within a six year limitation period.

Limitation time bomb awaits British home buyers

Under a new Cypriot limitation law that came into force in July 2012, time is running out for people who fail to address their foreign currency mortgage predicament within the six year limitation period.

More junk from Standard & Poor’s

Standard & Poor’s has pushed Cyprus credit rating further into junk territory reflecting their view that its creditworthiness has deteriorated since the ratings agency’s downgrade on 2nd August.

Protest at the Cyprus High Commission in London

Disaffected property buyers held a peaceful demonstration outside the offices of the Cyprus High Commission in London yesterday in efforts to raise awareness of the problems associated with buying property on the island.

Fitch cuts Cyprus credit rating to junk

Credit ratings agency Fitch downgraded the Island’s credit rating to “junk” status earlier today due to the amount of rescue money needed to bail out its banks, which are heavily exposed to the Greek economy.

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