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25th April 2024
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Yearly Archives: 2012

News

Government steps in to shore up Popular Bank

Editorial -
The government has agreed to underwrite a 1.8 billion Euro share capital increase by the Island's second largest bank, the Cyprus Popular Bank, to help it recapitalize and meet EU Banking Authority capital requirements.
News

Bailiffs strip Paphos Land Registry office

Poly Pantelides -
Bailiffs acting on a court order have stripped the Paphos Land Registry office of anything that wasn't nailed down to compensate creditors whose land was expropriated for the Paphos/Polis road and who have yet to be paid compensation.
News

Construction quality of new homes set to improve

Nigel Howarth -
The first insurance provider offering a 10-year warranty against hidden (latent) defects for newly built and converted homes and commercial property has established a presence on the island.
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.

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