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All reports tagged with: "debts"

Estia mortgage relief scheme launched

The Estia mortgage relief scheme was officially launched today to assist, support and protect vulnerable households who have mortgaged their primary residences for their loans and reduce the high number of bad debts.

Property tax unpaid by many large owners

Approximately half of all property owners whose properties are valued in excess of half a million Euros at 1980 prices have not paid their property tax analysis of the Tax Department data shows.

NPLs in the land of freebees and populism

Non-performing loans (NPLs) have reached €26 billion and continue their upward trend while property prices continue their downward march. Valuable time has been lost unnecessarily.

Pay developers’ debts or lose your home

MEP Edward McMillan-Scott has raised a question in the European Parliament asking whether Cyprus has contravened the UCPD and what can the EU do to protect the rights of property buyers.

Contractors left unpaid for government projects

As the government’s coffers run dry it has no money left to pay companies that have completed construction projects and who are suffering from cash-flow problems and who may be forced to lay off staff.

Vehicles seized in land payment row

Bizarre events unfolded in Paphos on Tuesday when bailiffs seized several state-owned vehicles on behalf of landowners who have not been paid for land that the state expropriated in 2006.

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