Banks criticised for badgering borrowers

The House Finance Committee on Thursday discussed concerns over recent banking practices including a deluge of letters being sent to loan holders and guarantors and a failure to respond to borrowers a [...]

MARKET TRENDS
|
BY OPulse Admin
|
Nov 08 2014

Hydrocarbons discovery should promote cooperation

President Nicos Anastasiades has expressed hope that all those involved in peaceful efforts to resolve the Cyprus problem and respect the principles and values of the United Nations and the EU will co [...]

MARKET TRENDS
|
BY OPulse Admin
|
Nov 04 2014

Ministry of Finance Reports €207.6 M Surplus

The Cyprus government has posted a surplus of €207.6 million – or 1.32% of GDP – in the first nine months of the year, compared with a deficit of €411.7 million – or 2.5% of GDP – in the s [...]

FINANCE
|
BY OPulse Admin
|
Oct 31 2014

Standard & Poor’s raises Cyprus credit rating

Ratings agency Standard & Poor’s has raised Cyprus long-term ratings to ‘B+’ and affirmed the short-term foreign and local currency ratings at ‘B’ on strong budgetary performance; the ou [...]

FINANCE
|
BY OPulse Admin
|
Oct 27 2014

BoC Resignations Begin

The Bank of Cyprus (BoC) has announced the resignation of two of its board members this week, Xanthos Vrachas and Konstantinos Katsaros. The resignations will become effective upon their acceptance b [...]

FINANCE
|
BY OPulse Admin
|
Oct 20 2014

Property Sales Display Increase

Property sales displayed an increase in September, albeit in the shadow of concerns over the fate of the foreclosures bill. The number of submitted sales documents reached 373 in September, a 31% [...]

MARKET TRENDS
|
BY OPulse Admin
|
Oct 12 2014

Tax Break for Early Payment of IPT

The Cyprus International Financial Services Association has highlighted that those paying the Government their immovably property tax dues before October 31, 2014, ahead of the November 30, 2014, dead [...]

TIPS & ADVICE
|
BY OPulse Admin
|
Oct 05 2014

New €10 Banknote Enters Circulation

As of today, September 23, a new €10 banknote of the Europa series will enter into circulation, which is described as being more resistant to counterfeiting, and easier to check. “It’s esse [...]

FINANCE
|
BY OPulse Admin
|
Sep 28 2014

Property scam shows ugly face of corruption

It has been a long common secret that if you want anything done with your property, then you need to know the right people, in the right place and have the right amount in your pocket.PERHAPS now is t [...]

FINANCE
|
BY OPulse Admin
|
Sep 25 2014

Wages Record Increase in Eurozone, Decline in Cyprus

Both labour costs and monthly wages increased throughout the Eurozone, data released by the European Union’s statistics agency yesterday revealed, indicating that inflationary pressures in the euroz [...]

FINANCE
|
BY OPulse Admin
|
Sep 22 2014