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Monthly Archives: August, 2014

Articles

The plan

Spirit of Odd Job Bob -
Following a vote in the Cyprus parliament to adopt the Euro, a banker, a government minister, a property developer and a lawyer meet at a restaurant and discuss the plan for the island's future.
News

Banks oppose interest rate regulation

George Psyllides -
A bill aimed at clamping down on banks that profiteer by arbitrarily increasing their margins has been rejected by the banks who argue that it will impede the execution of foreclosure procedures.
News

False Immovable Property Tax declarations

Nigel Howarth -
There is evidence that a property developer has made false Immovable Property Tax declarations to the authorities, which has resulted in his customers receiving IPT notices from the Inland Revenue.
News

Property prices continue to fall

Nigel Howarth -
Residential property prices across Cyprus continued to fall during the second quarter of 2014 with the greatest falls being recorded in Paphos where apartment and house prices fell by 2.8% and 2.1% respectively.
Articles

Cypriots are not fools

Andreas Chrysafis -
The government's attempt to enforce a bad law may turn out to be the straw that broke the camel's back. Cypriots are not fools and certainly can no longer be fooled by politicians again
News

Construction sector worst non-payers

Editorial -
Half the businesses in Cyprus are failing to repay their loans, with the construction sector being the worst offender as non-performing loans reached 72 percent in June according to the Central Bank.

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