Ayia Napa Marina – Source: SmithGroup JJR
THE HIGHLY-ANTICIPATED start of construction works for the development of the Ayia Napa Marina is a step closer following the approval of a revised permit from the Planning Authority.
The approval, along with other issues, were...
NON-PERFORMING loan (NPL) ratio in the Cypriot banking system rose to 48.9 per cent in February from 45.8 per cent in December, the Cyprus Central Bank said.
In February, total non-performing loans dropped by €16.8m, to below €26.8bn, compared to the previous month, and rose by €80.7m compared...
Ayia Napa Marina – Source G. Caramondanis Investments Ltd
SEVEN leading construction companies have submitted their bids as plans for building an Ayia Napa marina are entering their final stage according to a report published yesterday by in-cyprus.
The company M. M. Makronisos Marina Ltd is in...
THE EUROPEAN COMMISSION has sent a warning regarding the course of debt restructuring in the Cypriot banking system, saying that “efforts to restructure non-performing exposures have not yet shown tangible results.”
Financial institutions have stepped up their debt restructuring efforts, but the...
RESTRUCTURING of Bank of Cyprus’ loans to Leptos Group, one of Cyprus’ biggest building developers, has been completed successfully, the lender announced on Tuesday.
In a statement, the bank announced coming to an agreement with Armonia Estates Ltd, Pandora Investments Public Ltd, Leptos Calypso...
