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28th March 2024
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Monthly Archives: April, 2012

Contract for marina at Ayia Napa signed

After years of discussions and countless hours of dialogue involving two governments and six ministers, a contract has been agreed and signed for the long-awaited marina project at Ayia Napa.

Popular bank may need government bailout

The Cyprus government may have to pump up to 2.5 billion Euros into the Popular Bank to cover its losses resulting from the write-down on its holdings of Greek Government bonds according to newspaper reports.

Court rejects appeal to cut Gary Robb’s sentence

The Island's Supreme Court has rejected an appeal by Gary Robb's lawyers to reduce his jail sentence for the appropriation of Greek Cypriot property in the northern Turkish occupied areas.

Property industry problems to be discussed on Monday

Problems plaguing the Island's property industry will be discussed by the Cyprus Land and Building Developers Association's Annual General Meeting, which is being held at the Nicosia Hilton hotel on Monday.

Timeshare touts are back in Paphos

Despite the police have made some efforts to clear the streets of touts plus endless meetings with government departments, timeshare touts in Paphos are continuing to hassle tourists.

Banks should offload distressed properties

The banks need to offload billions of Euros of property left on their books by bankrupt developers and offer 100 percent mortgages spread over 40 years, similar to those being offered in Spain.

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