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All reports tagged with: "Cyprus government"

Help for some Pissouri landslide victims

The Cyprus Government has promised to provide some financial assistance to a number of Pissouri landslide victims, which is currently affecting about one million square metres southwest of the village centre.

Armou landslide victims sue Cyprus government

A British couple whose dream home at Armou in Cyprus is collapsing due to the landslide is suing the Cypriot government for allowing the development to be built on unstable ground.

Cut interest rates, write off debt …

The Cyprus government must take a close look at the excessive household and business debt, and urgently raise the issue of possible debt write-offs, obviously under certain conditions and restrictions.

Will the ‘new broom’ sweep clean?

Will the new president of Cyprus, Nicos Anastasiades, persevere and carry through the essential and, in some cases, radical changes that are needed for the country’s recovery and long-term sustainability?

Central Bank press release on banking measures

A press release issued by the Central Bank of Cyprus clarifies the measures implemented at the Bank of Cyprus and Laiki Bank following the agreement reached between the Cyprus Government and the Eurogroup

Government scraps property tax bill

The Cyprus Interior Minister, Socrates Hasikos, has announced that plans drawn up under the Christofias administration which aimed to raise €180 million by increasing Immovable Property Tax have been scrapped, for now.

Moody’s cuts Cyprus rating on default risk

Moody’s cut Cyprus government bond credit rating by three notches to Caa3 from B3 due to an increase in government debt and issued a warning that the country had a 50 per cent chance of default.

Tax hike may trigger land sales

The government’s proposed changes to immovable property taxation may encourage property developers to sell their land banks rather than sitting on them, according to a lead consultant.

A plan for all reasons

Proposals to resolve property purchase disputes in Cyprus without litigation and restore the credibility of its public, property and financial sectors have been submitted to the Cyprus Government.

Larnaca port transformation agreed

Finally, after two years of negotiation, the government and the Zenon Consortium have signed an agreement for a joint development of the Larnaca port and marina at a cost in excess of €700 million.

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