Cyprus co-op bank freezes accounts with bad loans

The Cyprus Cooperative Bank on Friday froze accounts of customers who keep their loans delinquent on purpose, as the bank makes an effort to force them to seek refinance terms. According to Kathimer [...]

FINANCE
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BY Elena Economou
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Jun 23 2018

Tenant’s responsibility to pay communal charges

THE management committee of a building complex is responsible for imposing communal charges on the owners of the units. The landlord, being the owner of a unit, is obliged to pay the communal charges [...]

MARKET TRENDS
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BY Elena Economou
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Jun 22 2018

Probe into Cooperative Bank to examine both pre and post 2013 period

The probe which the government has requested into the Cyprus Cooperative Bank will look into matters before and after 2013, President Nicos Anastasiades said on Thursday. In statement [...]

FINANCE
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BY Elena Economou
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Jun 21 2018

Signed MoU on relocation of Larnaca fuel storage facilities submitted to cabinet

Energy Minister Giorgos Lakkotrypis said on Wednesday he had submitted a signed memorandum of understanding (MoU) to the cabinet between the government and six private companies for the removal of the [...]

MARKET TRENDS
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BY Elena Economou
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Jun 20 2018

House poised to pass bill to sweeten sale of debtors’ homes

MPs of the ruling Disy party sounded upbeat on Monday that a series of bills granting tax relief to bank debtors would make it through the plenum. The House finance committee was discussing five bi [...]

MARKET TRENDS
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BY Elena Economou
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Jun 19 2018

Vacancies up 11% in Q1, Cystat says

MARKET TRENDS
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BY Elena Economou
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Jun 15 2018

Cyprus economy grew 4% in Q1 2018

Cyprus' GDP increased by 4% in the first quarter of 2018, over the corresponding quarter of 2017, higher than the initial estimation. According to data released on Friday by the Sta [...]

MARKET TRENDS
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BY Elena Economou
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Jun 12 2018

Petrides: Cyprus will profit from the reformed common European asylum system

Cyprus will benefit from the reform of the Common European Asylum System, as the country has already surpassed its share under the new method of redistribution of asylum seekers, accor [...]

MARKET TRENDS
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BY Elena Economou
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Jun 08 2018

Macau: a world of glitz

THE official ground-breaking ceremony for the much-anticipated casino resort complex that is due to open west of Limassol in 2021 will be held on June 8, and a group of Cypriot journalists were taken [...]

MARKET TRENDS
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BY Elena Economou
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Jun 04 2018

Uncertainty and energy costs the major barriers for investments in Cyprus

Uncertainty, energy costs, regulation, skills and access to finance are the major impediments for future investments in Cyprus according to European Investment Bank (EIB) Survey on Inv [...]

MARKET TRENDS
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BY Elena Economou
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Jun 01 2018