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Monthly Archives: August, 2011

News

Austerity measures will add to property industry woes

Nigel Howarth -
The austerity package aimed at bolstering the failing economy unveiled by the government last Wednesday will only add to the chronic problems facing the Island's property industry.
Investment

Fitch downgrades Cyprus two notches closer to junk

Editorial -
Fitch Ratings agency has cut Cyprus' long-term local and foreign currency ratings by two notches to within two steps of junk territory, referring to the Island's increasing budget and debt pressures.
Investment

Complimentary tickets to A Place in the Sun exhibition

Nigel Howarth -
Complimentary tickets are available to the overseas property exhibition 'A Place in the Sun Live' being held at the NEC in Birmingham between 30th September and 2nd October 2011.
Investment

Banks could face 1 billion Euro hit

Editorial -
Cypriot banks could take a hit of more than 1 billion Euros to shoulder their Greek bailout obligations, forcing them to raise capital and potentially deepening concerns over the Island's own sovereign debt.
News

Construction activity showing no signs of recovery

David Crowther -
The latest figures from the Cyprus Statistical Service offer no encouraging signs of an upturn in the Island's property and construction sectors as the number of building permits issued continues to fall.
News

Brit Gary Robb remanded over property scam in north

Editorial -
Convicted drug dealer Gary Robb was remanded for eight days yesterday by Nicosia District Court in connection with unlawfully developing and trading in Greek Cypriot properties in occupied Kyrenia.

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