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Savvas Vergas denies text charges

Four defendants, including former Paphos mayor Savvas Vergas, denied charges relating to threatening SMS text messages sent to a number of witnesses involved in the Aristo case.

Will Cyprus get next bailout tranche?

Although the foreclosures law has yet to be voted by parliament, the Cypriot authorities believe that the troika of international lenders will disburse the next tranche of the bailout on 15 December.

Do not disrupt bailout programme

The Cyprus Finance Minister has warned MPs to avoid disrupting the bailout programme again urging them not to make any “moves that will only create a problem for us without any practical gains.”

Troika team remain in Cyprus

Although they were scheduled to leave Cyprus today, a team from the Troika of international lenders will remain on the island until next Tuesday to discuss the insolvency framework.

Aristo trial in January (update)

At a pre-trial hearing at the Paphos District Court earlier today, the four suspects in the Aristo land fraud case entered pleas of not guilty and will stand trial before the Paphos Criminal Court on 12 January.

Cyprus bailout tranche approved

Last evening Eurozone finance ministers approved the release of a €350 million bailout tranche to Cyprus as the country had amended laws on foreclosures and forced sales of mortgaged property as agreed in the MoU.

Remand in Paphos property scam case

A 60 year-old employee of a real estate agency in Geroskipou, Paphos was taken into police custody on Saturday in connection with a land scam case and has been remanded for three days.

Lessons from Cyprus economic crash

Researchers from Imperial College Business School and the University of Cyprus carried out an in-depth analysis of why Cyprus needed to be bailed out to explore what lessons could be learnt from the crisis.

Four foreclosure bills unconstitutional

The Cyprus Supreme Court has ruled that four of the six bills voted by parliament on 6th September that limited the effect of the foreclosure bill on low-income groups are unconstitutional.

IPT payment deadline extended

The deadline for paying Immovable Property Tax (IPT) has been extended until 31st December and taxpayers will receive a 15 per cent discount if they pay before 30th November.

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