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Monthly Archives: September, 2014

News

Alpha Panareti slapped by CCPS over unfair contract

Angelos Anastasiou -
The CCPS has ruled that a contract to purchase an apartment between Alpha Panareti and a Scottish woman breaches the provisions of law 93(I)/1996 on unfair terms in consumer contracts.
News

Aristo investigation widens (Update)

Nigel Howarth -
The police investigation into the activities of Theodoros Aristodemou, the founder and managing director of Aristo Properties, has widened to probe other developments built by the company.
News

Aristo ruling expected today (Update)

Nigel Howarth -
The Paphos District Court is expected to rule today whether Theodoros Aristodemou and three others, including his wife Sotiroulla, should be remanded in Police custody for eight days.
News

Non-performing loans at €29 billion

Stefanos Evripidou -
Non-performing loans (NPLs) in the Cypriot banking system continued their upward trend in July reaching €28.88 billion; 47.17 per cent of the total amount of loans according to the island's Central Bank.
News

Large bank and Co-op loans probe

Editorial -
Loans given to former board members of the Bank of Cyprus and the now defunct Cyprus Popular Bank and other large loans are being investigated as part of the probe into the near collapse of the economy.
News

Aristo remand hearing adjourned

Editorial -
The court hearing to remand Theodoros Aristodimou, the founder and managing director of Aristo Developers had to be adjourned following his admittance to hospital with high blood pressure.

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