What lies beneath? Truth and lies about the Cyprus economy

We hear a lot about how the new law regarding the packaging and selling of bank loans will finally help in dealing with the enormous problem of non-performing loans in Cyprus. I like to keep an open m [...]

FINANCE
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BY OPulse Admin
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Oct 25 2015

Greek government suspends plans to hike tax on rental incomes

Greece’s leftist government suspended plans on Wednesday to increase tax on rental incomes after a public outcry, saying it was still negotiating with international lenders on required reforms ahead [...]

MARKET TRENDS
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BY OPulse Admin
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Oct 16 2015

Anastasiades: New window for a final solution

In his Independence Day address, President Nicos Anastasiades on Thursday night said a new window of oppurtunity had opened, reigniting hope for a final solution to the Cyprus Problem. In his address [...]

MARKET TRENDS
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BY OPulse Admin
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Oct 02 2015

Divided EU leaders to offer cash for Syria refugees

European Union leaders could promise billions of euros in new funding for Syrian refugees at an emergency summit on Wednesday night where they will also try to patch up bitter divisions over the migra [...]

MARKET TRENDS
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BY OPulse Admin
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Sep 24 2015

EU citizens review your Cyprus wills

THE FOLLOWING article by the law firm of L.G. Zambartas LLC explains the implications of the recent changes to the Cyprus Wills and Succession law and the introduction of an EU regulation – and the [...]

TIPS & ADVICE
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BY OPulse Admin
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Sep 21 2015

Euro zone must share more banking risks – Dijsselbloem

European Union countries should share more banking risks, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Saturday, indicating support for a plan to set up a EU-wide guarantee [...]

FINANCE
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BY OPulse Admin
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Sep 12 2015

Central bank asks banks to restructure based on performance indicators

“For this quarter banks were asked to submit their actual performance in relation to the four indicators and their targets for the third and fourth quarter of 2015,” the central bank said. “The [...]

FINANCE
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BY OPulse Admin
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Sep 05 2015

Earnings in the economy continue to fall, pressured by high jobless rate

“In some cases, where companies reach their limits, they continue to resort to cost cutting, while others which have not done so in the past may do so now gradually. The private sector did not react [...]

MARKET TRENDS
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BY OPulse Admin
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Aug 24 2015

Greek economy surprises, returns to growth in second quarter

Greece’s economy unexpectedly returned to growth in the second quarter despite political turmoil and the threat of a Greek euro zone exit, data showed on Thursday. In a boost for Prime Minister Ale [...]

MARKET TRENDS
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BY OPulse Admin
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Aug 16 2015

Guidelines on restructuring loans

THE DEBTORS ASSOCIATION on Monday published guidelines advising borrowers of their rights and what steps they can take when being squeezed by the banks. The detailed, step-by-step list of guidelines c [...]

TIPS & ADVICE
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BY OPulse Admin
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Aug 12 2015