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Monthly Archives: October, 2013

News

Rent reduction law judged unconstitutional

Poly Pantelides -
President Anastasiades has asked parliament is to reconsider a law it agreed two weeks ago that imposed compulsory rent reductions of up to 20 per cent for commercial and residential premises.
News

Town planning permits within three months

Poly Pantelides -
Unacceptable delays in processing applications for town planning permits could become a thing of the past - Interior Ministry Socrates Hasikos considers a three-month timeframe achievable.
Articles

Transfer fee discount could be win-win for all

Andreas D. Symeou LL.B, M.Sc (U.L.A.), MRICS -
A generous discount on Property Transfer Fees would provide a serious incentive for both vendors and purchasers to complete transfers and bring millions of much needed revenues into state coffers.
News

Bank restrictions to be lifted (updated)

Nigel Howarth -
Update 25 October - Presenting the 2014 budget to parliament on Monday, Finance Minister Harris Georgiades said that restrictions on bank transactions that were imposed earlier this year will be gradually lifted by spring.
Investment

EU funds to help restart the economy

Editorial -
Speaking at a finance ministry event yesterday, Harris Georgiades announced that the European union will provide €847 million from its structural funds to help restart the island's ailing economy.
Articles

Multiple creditors & foreclosures in Cyprus

George Mountis BSc, MSc, Ph.D -
A new directive for handling customers' debts has been issued by the Central Bank; however foreclosing on non-performing real estate loans and evictions is not in anyone's interests.

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