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Monthly Archives: July, 2019

News

Group challenges Limassol high rise towers

Nigel Howarth -
The Ipatia Initiative group is taking court action to prevent the construction of the NEO high rise project in Limassol following an independent evaluation of the buildings on their quality of life and the project's environmental impact.
News

Minister to visit collapsing Pissouri homes

Bejay Browne -
Interior Minister Constantinos Petrides is due to visit Pissouri on Thursday to view the homes being destroyed by a landslide along with the Limassol District Officer, Director of the Geological Survey Department and Community Board members.
News

MPs say no to foreclosures veto

Staff Reporter -
Cyprus MPs have voted to reject President Nicos Anastasiades' veto on changes to the foreclosures legislation designed to freeze repossessions of primary residences until October.
News

Foreclosures row could end up in Supreme Court

Staff Reporter -
President Anastasiades could refer the bills amending the foreclosures law to the Supreme Court following the Attorney General's advice that they are unconstitutional if opposition MPs reject his veto.
Investment

Chinese investors moving beyond citizenship scheme

Demetris Theodorou -
Although initially attracted to Cyprus by the 'citizenship by investment' scheme, a banking source has said that we are seeing a decline in one-off buys with east Asian investors now focussing on investments requiring financing.
Marinas

More work needed on Ayia Napa marina

Staff Reporter -
Although progress with the construction of the Ayia Napa marina is moving ahead as planned, it seems that more time may be needed to complete some of the infrastructure needed for the project.

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