Latest Headlines

Archive for 2014

Remand in Paphos property scam case

A 60 year-old employee of a real estate agency in Geroskipou, Paphos was taken into police custody on Saturday in connection with a land scam case and has been remanded for three days.

Lessons from Cyprus economic crash

Researchers from Imperial College Business School and the University of Cyprus carried out an in-depth analysis of why Cyprus needed to be bailed out to explore what lessons could be learnt from the crisis.

What is a floating charge?

Land Registry searches in Cyprus occasionally reveal floating charges/mortgages as encumbrances lodged against the title of a property; in this article Dr George Mountis explains.

Troika to discuss insolvency framework

A team from the troika is expected to arrive in Cyprus on 10th November for consultations on continuing the €10 billion bailout program and are expected to remain on the island until 14th November.

Four foreclosure bills unconstitutional

The Cyprus Supreme Court has ruled that four of the six bills voted by parliament on 6th September that limited the effect of the foreclosure bill on low-income groups are unconstitutional.

IPT payment deadline extended

The deadline for paying Immovable Property Tax (IPT) has been extended until 31st December and taxpayers will receive a 15 per cent discount if they pay before 30th November.

Aristo trial postponed

The trial of Theodoros Aristodemou, the founder and MD of Aristo Developers Limited and former Chairman of the Board of Directors of the Bank of Cyprus, and others has been postponed.

Cyprus mortgage scam

A question on the Cyprus mortgage scam has been raised in the European Parliament by Jonathan Arnott MEP, for the North East England region for the United Kingdom Independence Party.

IPT payment extension anticipated

EDEK MP, Nicos Nicolaides, has proposed that the deadline for paying Immovable Property Tax (IPT) is extended until 31st December and that the early payment discount is extended by a month.

Standard & Poor’s raises Cyprus credit rating

Ratings agency Standard & Poor’s has raised Cyprus long-term ratings to ‘B+’ and affirmed the short-term foreign and local currency ratings at ‘B’ on strong budgetary performance; the outlook is stable.

Back to top