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Immovable Property Tax highs & lows

A month before the deadline for paying Immovable Property Tax expired, the Cyprus government collected in excess of 100 million Euros. However a number of long-standing problems have been highlighted.

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.

Ministers approve insolvency bills

The Council of Ministers has approved two of the five bills relating to the insolvency framework, but they will almost certainly be contested by opposition parties when they are discussed.

Capital restrictions eased

The Cypriot authorities have eased the restrictions on capital movement imposed in April 2013 following the bailout crisis; individuals may now transfer up to €10,000 a month out of the country.

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.

Repossessions bill delayed to clear troika funds

A vote on two bills to suspend the implementation of the repossessions legislation will probably take place after 15 December by which time Cyprus should have received the next bailout tranche.

Battle for consumer protection to Westminster

The Association of International Property Professionals (AIPP) took its battle to establish standards for the industry – and more safety for British consumers – to Westminster last week.

Pressure on House to act on foreclosures

Two political parties, AKEL and EDEK, have tabled fresh legislative proposals to suspend enforcement of the foreclosures law, pending the enactment of the insolvency framework legislation.

Title deed event ‘sold out’

A proposed lecture on the thorny subject of title deeds which is due to take place in Paphos early in December has ‘sold out’ with all available seats booked within a week of its announcement.

Property revaluation appeal deadline extended

In the wake of many complaints from those who believe their property has been incorrectly revalued, the government has extended the deadline for receiving objections to 25 April 2015.

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