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Saturday 6th March 2021
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First court ruling against bank for unfair terms

Lawmakers on Thursday welcomed the first court judgement against a bank for unfair terms of contract, but still harangued the banks for acting with...

Apartment prices highest in Limassol

A recent survey that compared apartment prices across the island concluded that the most expensive were in Limassol, followed by Nicosia, Larnaca, Paphos and...

Property sales figures can lie

When the Department of Lands and Surveys released data on sales contracts for January, it struck me the numbers and percentages were presented without...

Pandemic hits holiday home rental prices

The coronavirus pandemic has struck a blow to the market of holiday homes all across the world and Cyprus is no exception, according to...

Government extends interest rate subsidy scheme

The government has extended the interest rate subsidy scheme for housing and corporate loans until the end of 2021 and raised the ceilings for...

Cyprus failing to enforce EU unfair practices laws

News that the European Commission has sent a reasoned opinion to Cyprus for failing to properly implement and enforce EU law on unfair contract...

Bad bank would reduce debt mountain

Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans to focus on supporting a...

Developers want more from residency scheme

Following the collapse of the Cyprus Citizenship for Investment Scheme, developers of large projects urge the government to make the residency programme "more functional...

NAMA Mia! Here We Go Again (reprised)

The Cyprus government is looking to establish a 'bad bank' or NAMA (National Asset Management Agency) by transforming the Cyprus Asset Management Company (KEPIDES). A...

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