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Monthly Archives: January, 2015

Investment

US group plans expansion to Cyprus

Press Release -
Realty Group International, Inc. (RGI), headquartered in Beverly Hills, with offices in London, Paris, Rome, Barcelona and Rio de Janeiro has announced plans to expand into Cyprus.
News

Residential property prices fall 1.7 per cent

Nigel Howarth -
Residential property prices in Cyprus continued to fall in the third quarter of 2014, according to a Eurostat newsrelease published today, falling 1.7% compared to the third quarter of 2013.
News

Land Registry corruption investigation

Editorial -
A number of land registry officials were taking bribes according to an internal audit and are under investigation for corruption; warrants have been issued to locate the money they took.
News

Collateral gap at €15 billion

Nigel Howarth -
Figures presented to parliament today by the Governor of the Central Bank of Cyprus reveal that there is a shortfall of almost €15 billion in the value of collateral offered to secure loans.
News

Bank loans of up to €15,000 will be written off

Angelos Anastasiou -
Bank loans of up to €15,000 will be written off if low income borrowers can demonstrate their inability to service them under the provisions of the insolvency framework being discussed by the House.
News

Building permits down 2 per cent

David Crowther -
The latest figures from the Cyprus Statistical Service report that the number of building permits issued in October 2014 stood at 446; a 2 per cent fall on the number issued in October 2013.

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