FINANCE minister Harris Georgiades said that Cyprus is not facing another real estate bubble, adding that the government is prepared to further help banks reduce their non-performing loan stock by improving the responsiveness of the judiciary.
“Neither the European Central Bank nor the...
BANKS will submit new revised and improved repayment plans to the Cyprus Central Bank for the regulation of loans in Swiss Francs.
Speaking to the Parliamentary Committee on Finance, a representative of the Central Bank said that after meeting with the association of banks and concerned banks, they...
INTERIOR minister Socratis Hasikos attributed responsibilities to surveyors on Thursday as regards damages to homes in the Limnes area of Pissouri due to land slippage and said that the government will pay for their mess.
Speaking at the House interior committee, Hasikos said that surveyors made...
LAWMAKERS have let bailed-out Cyprus down at times, the outgoing chief executive of the country’s biggest bank said Wednesday, adding that “shenanigans” which delayed key laws aimed at helping banks collect on a huge number of bad loans have left him disappointed.
In a scathing critique of...
PRESIDENT Nicos Anastasiades announced on Wednesday, that the government intends to lower VAT for renovating housing units from 19 per cent to 5 per cent.
Speaking at the 88th Annual General Assembly of the Cyprus Chamber of Commerce and Industry in Nicosia, the President said that the decision to...
