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Archive for March, 2016

BoC sets up bad real estate asset unit

The Bank of Cyprus has established a Real Estate Management Unit that aims to acquire real estate in a voluntary asset-to-debt swap of non performing delinquent borrowers that would otherwise follow the foreclosure process.

Green plan for Limni golf course

A new plan for a multimillion Euro golf course project at Limni is underway following the request by the European Commission for additional studies based on environmental concerns.

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