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23rd April 2024
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Yearly Archives: 2016

News

Coops to offer defaulting borrowers a discount

Stelios Orphanides -
The Cooperative Central Bank is to offer a scheme enabling borrowers to receive a discount of up to 50 per cent on unsecured, terminated loans that have not been serviced for 1,000 days.
Investment

NPLs at post December 2014 low

Nigel Howarth -
Non-performing loans (NPLs) in the Cypriot banking system fell to a post December 2014 low in August according to statistics released by the Central Bank of Cyprus to stand at €24.55 billion.
Articles

Paphos’ water guzzling golf courses

Bejay Browne -
Demand for water in Paphos is increasing as more golf courses are built in the district and if there is little rain again this winter there is a real possibility of severe water shortages again next year.
News

July building permits fall

Nigel Howarth -
The number of building permits authorised by the municipal authorities and the district administration offices during July 2016 stood at 442 according to the Cyprus Statistical Service.
News

Home prices continue to fall

Nigel Howarth -
Home prices in Cyprus are continuing to fall according to the Cyprus Statistical Service's 'Home Price Index' and Eurostat's 'House Price Index', both of which have been released in the last few days.
Articles

Taxed on olive tree he does not own

Nigel Howarth -
Olive trees have a special status in Cyprus because of their potential to bring in a significant income but here's a bizarre story about a Cypriot man who was forced to pay property tax on an olive tree he doesn’t own.

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