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20th April 2024
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Yearly Archives: 2015

Property sales continue upward trend

Property sales in Cyprus during April recorded an increase of 23 per cent over the number sold in April 2014 according to the latest official statistics from the Department of Lands & Surveys.

Strong growth in home construction

Strong growth was recorded in the number new homes being built in Cyprus in February, with the number of building permits authorised for new homes increasing compared to February 2014.

Banking system corruption

Investigators looking into corruption in the Cyprus banking system that resulted in the collapse of the island's economy have uncovered unprecedented bad lending practices by the banks.

Case against Aristo stands

The Paphos criminal court has ruled that there is a case against Theodoros Aristodemou, the head of Aristo Developers Limited, and three others relating to the illegal division land at Skali.

Fraudster Gary Robb brought to justice

A civil action in the UK against the infamous Gary Robb has resulted in some £1.6 million of his assets being frozen and £1.3 million returned to 57 of the victims of a property scam in north Cyprus.

EU says ‘No’ to Limni golf courses

Cyprus is in trouble with the European Commission and has been warned to cancel the building permits for the two golf courses in the Limni area or face the possible consequences.

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