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Monthly Archives: September, 2014

News

Aristo boss arrested

Elias Hazou -
The police have placed Theodoros Aristodemou, the former Chairman of the Bank of Cyprus and founder and managing director of Aristo Developers, under arrest along with three other persons.
News

Numbnuts at Paphos Land Registry

Nigel Howarth -
Despite being put under pressure the Government reduce the backlog of Title Deeds, numbnuts at the Paphos Land Registry are refusing to accept current British passports as identification.
News

Supreme Court focuses on foreclosures

Elias Hazou -
The Cyprus Supreme Court plenary will meet on Tuesday to examine whether four of the bills passed by MPs regarding foreclosures and repossession are in conflict with the island's Constitution.
News

Reckless banks lent millions

Editorial -
A report by the Cyprus Central Bank reveals how the island's banks lent millions of Euros recklessly without having properly examined the borrowers' ability to repay or the value of the loan collateral.
News

Next bailout tranche withheld

Nigel Howarth -
Cyprus will not receive the next tranche the €10 billion bailout from the troika of international lenders until it complies with the MoU regarding foreclosures and insolvency legislation.
News

Building permits up 11% in June

David Crowther -
The number of building permits issued in in June increased 11 per cent compared with the corresponding month of last year, but their numbers have fallen 5 per cent during the first half of 2014.

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