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All reports tagged with: "european commission"

Cyprus strong growth momentum continues but…

Cyprus’ economic expansion is set to remain robust, driven by domestic demand, but risks are tilted to the downside, according to the European Commission’s spring 2019 economic forecast.

Renewed call to reform Title Deeds system

The EC and the ECB have renewed their call on Cyprus to “swiftly address the long-overdue reform of the title deeds issuance and transfer system” at the completion of their 6th PPS mission.

Cyprus’ vulnerabilities remain significant

The European Commission notes that despite the recent improvement, Cyprus’ vulnerabilities, which are mostly due to long-lasting stock-imbalances, continue to be significant.

Citizenship schemes need greater scrutiny

During his visit Cyprus, the Prime Minister of Malta Joseph Muscat said that level of scrutiny regarding European citizenship schemes needs to be upped and that, generally speaking, Malta’s system was in order.

EU citizenship schemes need full transparency

Cyprus has been told that all EU citizenship schemes need to have full transparency and Brussels has deployed experts to ensure these schemes prevent tax evasion, money laundering and security threats

EC closes infringement case on Limni project

The European Commission has effectively given the green light to the contentious Limni bay development project by closing infringements proceedings against Cyprus on Thursday.

Cyprus let off the hook

Following Cyprus’ action to abrogate the law requiring lawyers to charge a minimum fee for out-of-court work, the EC has closed infringement proceedings against Cyprus and an antitrust investigation.

Money laundering assessment

Cyprus is to undergo a money laundering assessment from a Council of Europe committee comprising a group of experts from Moneyval following negative reports in the international media.

NPLs pushing down Cyprus property prices

Higher NPLs in particular appear to drag Cyprus property prices down indicating pressure to dispose of immovable property assets increasing their supply according to European Commission report..

Lawyers’ price-fixing challenge success

The complaint by ‘Fairness in Fees’ to the European Commission challenging price-fixing by the Cyprus Bar Association (CBA) has been successful; their minimum fee regulations will soon be consigned to the bin.

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