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Monthly Archives: April, 2015

Investment

Cypriot banks to benefit from foreclosure law

Press Release -
In its Credit Outlook, which assesses credit implications of current events, Moody's Investors Service considers the implementation of the foreclosure law is credit positive for Cypriot banks.
News

Leptos cuts deal with Bank of Cyprus

Stelios Orphanides -
An agreement has been reached between Leptos Estates and the Bank of Cyprus to restructure a several million Euro loan according to Central Bank Governor Chrystalla Georghadji.
News

Construction sector collapse

Nigel Howarth -
The construction sector in Cyprus recorded the biggest drop in production year-on-year in the European Union member states according to a report published by Eurostat this morning.
News

Insolvency framework bills passed

Nigel Howarth -
After the usual shenanigans we've come to expect from opposition parties and endless debates, the five bills comprising the insolvency framework were passed by a plenary session of parliament earlier today.
News

Home repossession ban extended

George Psyllides -
Parliament passed a bill by the slimmest of majorities to extend the ban on repossessing homes whose purchasers have no Title Deeds even though they may have paid for them in full.
News

Valuation appeal deadline approaching

Nigel Howarth -
The deadline for Cyprus property owners to appeal the Land Registry's property valuation and correct any other mistakes expires on April 24, the Interior Ministry said in an announcement.

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