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Archive for June, 2013

Golf course at Secret Valley to open soon

A new 18 hole golf course at Secret Valley, which is part of the Venus Rock Resort development, is expected to open soon following the recent deal negotiated with China Glory National Investment.

Free tickets to ‘A Place in the Sun Live’ at the NEC

Channel 4 viewers may qualify for free tickets to this autumn’s ‘A Place in the Sun Live’ overseas property exhibition that is being held at the NEC in Birmingham on the 27th to 29th September 2013.

Loans of one billion euros to bank board members

Confidential data from the Central Bank reveals that the Bank of Cyprus and the Cyprus Popular advanced credit facilities of more than one billion euros to their board members in 2011.

President asks ETEK for advice on Title Deeds

Faced with the problem of clearing the current backlog of some 100,000 Title Deeds, some of which go back more than two decades, President Anastasiades has asked ETEK for advice.

Fugitive lawyer appears in court

A lawyer, who was believed to have fled Cyprus with his wife in 2006 allegedly taking with him client funds estimated to be more than three million Cyprus Pounds, has appeared in court.

Property problems in Cyprus

The British High Commissioner to Cyprus, Matthew Kidd, attended a meeting in London last month of the All Party Parliamentary Group for the Defence of the Interests of British Property Owners in Cyprus.

Redefinition of non-performing loans

Changes to the definition of non-performing loans to comply with European and IFRS accounting standards are necessary to restore Cyprus’ credibility as a regional financial hub.

Bank seeks bankruptcy for Paradise Hills developer

A bankruptcy order has been issued against a Brit believed to be a director of MDB Properties Limited, the company that constructed the unfinished Paradise Hills development in Marathounda.

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