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Foreclosure law could unlock investment

Foreclosure law could unlock investment

Last week the international economic news was dominated the €1 trillion bond-buying by the European Central Bank (ECB), whereby the lender… Read More

Recent Articles

27 April 2015

Aphrodite development plan anticipated shortly

Noble and its partners are expected to formally declare commerciality for the Aphrodite gas field in April 2015, followed by submission of a Development Plan soon after. Read More

27 April 2015

Hellenic Bank looks to Middle East for new business

Cyprus’ third-biggest lender Hellenic Bank Group is looking to use the island’s position as a ‘stepping stone’ between Europe and the Middle East to attract new business. Read More

27 April 2015

Cyprus house prices slide 3.3% in late 2014

Residential property prices in Cyprus recorded one of the largest falls in the EU in the fourth quarter of 2014, according to data from the EU’s statistical service Eurostat. Read More

27 April 2015

Inbound flights up so far in 2015

A 16% increase has been recorded in inbound flights from January to March 2015 compared to last year, Tourism minister George Lakkotrypis said recently as he opened the 18th tourism exhibition Taxidi 2015. Read More

27 April 2015

Leftist Akinci wins north Cyprus election

A leftist moderate promising to press for a peace deal in ethnically-split Cyprus swept to victory in a Turkish Cypriot presidential election runoff recently. Read More

24 April 2015

Cyprus secures EBRD funding for NGA networks

Cyprus has secured funding from the European Bank for Reconstruction and Development-EBRD for a study which will finally lead to the launching of Next Generation Access-NGA networks in the island. Read More

24 April 2015

Moody’s says foreclosure law is positive for Cyprus’ banks

Implementation of the foreclosures framework in parliament is credit positive for Cypriot banks because it lays the groundwork for large-scale loan restructurings and improves the banks’ recovery prospects, Moody’s… Read More

24 April 2015

Cyprus to host search and rescue satellite station

Cyprus will soon operate a satellite terrestrial station, enhancing the country’s role as a regional search and rescue centre, Defence minister Christoforos Fokaides revealed recently. Read More

24 April 2015

IPT appeals extended to end of 2015

Property owners and buyers have until the end of the year to appeal the government’s valuation of their real estate and correct any other mistakes made in the process… Read More

23 April 2015

Central Bank of Cyprus to be reorganised

The Central Bank of Cyprus (CBC) is to undergo a reorganisation, following a decision by the Board of Directors (BoD) to appoint an international advisory firm to conduct a study… Read More

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