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Cyprus hoteliers cry foul over new Airbnb law

The draft bill designed to regulate rentals through online Airbnb-type platforms has come under fire from Cyprus hoteliers who claim it allows short-term rental accommodation owners to compete without a handicap.

Cyprus developers defend citizenship scheme

The Cyprus Land and Building Developers Association defended the citizenship scheme saying that it had contributed to the creation of tens of thousands of jobs across many sectors of the economy.

Passports probe being expanded

In the wake of the Reuters’ exposé into golden passports for the country’s elite, the Cyprus government said it will carry out further investigations into citizenships granted under the previous investment scheme.

Cabinet orders probe into Cambodian passports

The Cabinet has launched an investigation into golden passports for Cambodian elites following the Reuters’ exposé into how relatives and allies of Cambodia’s leader, Hun Sen, have amassed wealth overseas.

MP demands answers for Khmer Riche passports

Cyprus MP Irini Charalambidou on Thursday demanded answers from the government after Reuters named relatives and allies of Cambodia’s leader who acquired Cypriot passports.

NPLs in Cyprus rise for second month

Non-performing loans (NPLs) rose for a second consecutive month in May amounting to €8.05 billion with non-performing exposures (NPEs) dropping by €11 million to €10.13 billion, or some 30.8% of total loans.

Reuters investigates Cambodia Cyprus connection

Reuters has investigated the link between Cambodia and Cyprus as part of a larger exposé into how relatives and allies of Cambodia’s leader, Hun Sen, have amassed wealth overseas.

Airbnb-style rentals bill moves a step closer

A bill to regulate Airbnb-style short-term rentals moved a step closer following meetings between the heads of Airbnb and booking.com and the Deputy Minister of Tourism Savvas Perdios.

Weakening property sales

Cyprus property sales have fallen significantly following the introduction of stricter criteria for acquiring passports in May highlighting the real market’s dependence on the ‘citizenship by investment’ scheme.

Poles with loans in Swiss francs win EU case

Around half a million Polish homeowners with Swiss franc loans have won their case in the European Court of Justice, which has ruled they can ask the Polish courts to convert their loans into the Polish Zloty.

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