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 lo [...]

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

€20 Million Art Gallery Opens in Nicosia

With more than 800 works by major artists from Cyprus, Greece and Europe, the A.G. Leventis Gallery opened in Nicosia last month. The Gallery, which owns the largest collection of European art in C [...]

EYE CANDY
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BY OPulse Admin
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May 19 2014

Real Estate Prices Predicted to Fall Further

Leaf Research – an advisory firm providing real estate market research, strategic advisory services, and valuations – has released its 2014-2015 Forecast, through which it gives an overview of the [...]

MARKET TRENDS
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BY OPulse Admin
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May 17 2014

Knight Frank’s

Knight Frank’s newly-released ‘Global Opportunities: Assessing Value in Housing Markets Worldwide 2014’ report credits Cyprus’ mainstream market as being one of the largest ‘price fallers� [...]

MARKET TRENDS
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BY OPulse Admin
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May 12 2014

5 Tips for Navigating the Next Generation of Real Estate

Times have changed since the real estate boom of the 1980s. New technology, the flow of information, the global economy and a shift in societal structures have altered the real estate game forever. Th [...]

TIPS & ADVICE
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BY OPulse Admin
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May 07 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. [...]

FINANCE
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BY OPulse Admin
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May 03 2014

Title Deeds issuance completed by year end

The Land Registry should complete its revaluation of all properties by June 2014 and the Finance Minister expects it to complete the issuance of Title Deeds as agreed with the troika by the end of t [...]

MARKET TRENDS
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BY OPulse Admin
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May 01 2014

BoC Looking at the Creation of a ‘Development Bank’ to Deal With NPLs

The Board of Directors of Bank of Cyprus (BoC) is expected to decide at a meeting today whether to proceed with the creation of a separate unit, a “development bank”, to help deal with the probl [...]

FINANCE
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BY OPulse Admin
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Apr 27 2014

CB governor supports tough action on NPLs

OUTGOING Central Bank governor Panicos Demetriades said on Wednesday that banks must be allowed to seize assets, and borrowers who intentionally fail to repay loans must be penalised. Wading into t [...]

FINANCE
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BY OPulse Admin
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Apr 26 2014