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29th March 2024
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Monthly Archives: December, 2014

Repossession legislation delayed

Finance Minister Harris Georgiades had some harsh words to say after opposition MPs forced a delay in the implementation of the repossession legislation at the plenary session of parliament today.

Three hundred thousand lost sheep

The Auditor General's report for 2013 states that more than three hundred thousand owners of property in Cyprus cannot be taxed on their property as the Land Registry has no way of knowing who they are.

Aristo Developers lays off workers

The dismissal of fifty workers from Aristo Developers Limited has been blamed mainly on the legal issues involving its boss, Theodoros Aristodemou, and partly on the economic crisis.

Immovable Property Tax highs & lows

A month before the deadline for paying Immovable Property Tax expired, the Cyprus government collected in excess of 100 million Euros. However a number of long-standing problems have been highlighted.

Savvas Vergas denies text charges

Four defendants, including former Paphos mayor Savvas Vergas, denied charges relating to threatening SMS text messages sent to a number of witnesses involved in the Aristo case.

Ministers approve insolvency bills

The Council of Ministers has approved two of the five bills relating to the insolvency framework, but they will almost certainly be contested by opposition parties when they are discussed.

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