OFFICIALS in Paphos have welcomed the announcement by Aristo Developers that the long-awaited marina project will soon get underway, following a ruling by the Supreme Court.
On Monday, the court announced a judgement in favour of applicant ‘Poseidon Grand Marina’, a joint-venture, in which...
THREE major Bank of Cyprus clients have restructured their non-performing loan obligations, with two more very close to clinching restructuring deals, likely to be finalised early next week, sources inside the bank have said.
The three locked-up deals involve the Tsokkos Hotels and Resorts. The...
THE GOVERNMENT had collected €84.48 million from the immovable property tax (IPT) 2015 by December 3, which accounts for some 82.25% of the total amount owed.
The total discount granted to tax-payers who paid the tax by December 1 – benefiting from a discount of 20% and 17.5% according to the...
BANK of Cyprus’ head of restructurings and recoveries said that the lender is at a “tipping point” in reducing bad loans after the pace of restructurings picked up in the second quarter and is considering reducing its exposure in larger loans through syndication.
The bank saw for the first...
FURTHER details are coming to light of the 2014 report by the Cyprus Auditor General, Odysseas Michaelides, which was handed to President Nicos Anastasiades on Monday. The report has created a storm through the bleak picture it has painted of corruption in the Land Registry and poor collection of...
