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Monthly Archives: May, 2012

News

Building industry warns of action over new VAT law

Stefanos Evripidou -
The island's Employers and Industrialists Federation has called for the immediate abolition of the new VAT law, warning that failure to do so will lead to the construction industry taking "dynamic measures"
News

Little interest in Town Planning Amnesty

Nigel Howarth -
Speaking at the House Interior Committee, the Interior Minister said that the public was showing little interest in the Town Planning Amnesty and that the numbers of applications submitted were unsatisfactory.
News

Town Planning Amnesty: further extension announced

Nigel Howarth -
A further six-month extension to the Town Planning Amnesty, which was introduced a year ago, has been announced by the Interior Ministry. The amending laws were published in the Cyprus Gazette on April 6.
News

No end in sight to the collapse in property sales

Nigel Howarth -
With the exception of January, when sales improved compared with January 2011, property sales in Cyprus have been shrinking for the past 22 months with no signs of a recovery in the foreseeable future.
Investment

Massive gas finds off Cyprus announced in New York

Nigel Howarth -
At a function held at the Cyprus US Chamber of Commerce in New York, Noble Energy’s CEO announced that the company has discovered much larger quantities of natural gas in the Eastern Mediterranean.
Investment

No respite as property slump continues in 2012

Jacqueline Agathocleous -
Property and rent prices have continued to drop in the first quarter of 2012, making it harder for the Cyprus market to exit the slump, a spokesman for RICS Cyprus said on Wednesday.

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