FINANCE

Foreclosures Bill: 13 Common Amendments; Final Agreement Still Pending

Cyprus parties continue deliberations ahead of a meeting of the Parliamentary Committees of Financial and Budgetary Affairs, and Internal Affairs, due to be held today, Tuesday, in a bid to converge o [...]

BY OPulse Admin
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Sep 04 2014

Repossession agreement leaked

By Nigel Howarth Some details of the agreement reached between the Cyprus government and the Troika of international lenders to ease the procedures for property repossessions have been leaked to the m [...]

FINANCE
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BY OPulse Admin
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Jul 28 2014

Cyprus property falls in price for Brits, as pound hits 22-month high

Great news if you're a Brit planning to buy a property in Cyprus this year! It's an excellent time to do so from a foreign exchange point of view, because the pound has hit its strongest versus the eu [...]

FINANCE
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BY OPulse Admin
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Jul 19 2014

Deal reached on Immovable Property Tax

By: Nigel Howarth A last minute deal has been reached by Cypriot MPs on the Immovable Property Tax for 2014 and a bill has been passed with 53 votes in favour and just one against according to report [...]

FINANCE
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BY OPulse Admin
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Jul 11 2014

BoC Capital Increase: Now or Never?

Mixed opinions having permeated the market regarding the why, when, and how of a potential capital increase by the Bank of Cyprus (BoC), the bank’s Board of Directors is meeting today in a crucial [...]

FINANCE
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BY OPulse Admin
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Jul 04 2014

Bank of Cyprus Decides to Increase Capital

The extra time has been afforded to allow for the opportunity for expression of interest from the greatest number of quality investors, as well as for the addition of another two advisors to the issu [...]

FINANCE
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BY OPulse Admin
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Jun 29 2014

No more escape for tax cheats

Those with tax arrears exceeding €3,000 will be prevented from selling or transferring their property under a new law passed by the Cyprus government to help with the crackdown on tax evasion. THE [...]

FINANCE
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BY OPulse Admin
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Jun 20 2014

Tax efficiency and NPLs focus of updated troika MoU

THE UPDATED Memorandum of Understanding (MoU), a quarterly-updated list of reforms the Cyprus government needs to undertake periodically in order to receive each tranche of a €10 billion rescue loa [...]

FINANCE
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BY OPulse Admin
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Jun 06 2014

Immovable Property Tax reform a priority

The government must bring before the Parliament a bill reforming Immovable Property Tax legislation and another one introducing the Guaranteed Minimum Income before the end of June.THE PARLIAMENTARY C [...]

FINANCE
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BY OPulse Admin
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May 31 2014

Cyprus relaxes most domestic capital controls!!

The Finance Ministry said in a statement Friday that a prohibition on cashing checks as well as caps on domestic transactions and payments that don’t require central bank vetting have been removed. [...]