BANK of Cyprus completed the sale of its stake in Aphrodite Hills Ltd to a group of investors, for €90 million, keeping a minority stake of 10%.
According to the announcement, “further to the agreement reached by the Bank of Cyprus for the sale of its equity stake in Aphrodite Holdings...
THE ANTICIPATED changes to property taxes in Cyprus that were scheduled to be implemented this year have been postponed until 2016.
The changes, which amalgamated Immovable Property Taxes imposed by the Tax Office and the municipality and community authorities into a single tax based on 2013...
THE DECISION of the Cyprus government to legalise planning irregularities has come in for strong criticism by opposition parties who claim it will provide a sudden increase in building coefficients in residential, industrial and other property construction by 20 per cent or 60 sqm. until 2020.
Many...
THE GOVERNMENT has decided to introduce special measures that will allow town-planning authorities to approve certain existing or planned constructions that would otherwise be illegal.
The amnesty involves additions or changes to existing structures and must have taken place before the end of 2020....
THE CABINET on Wednesday approved regulations needed to implement a law designed to protect house buyers without Title Deeds.
The law is expected to be approved by the House in early September.
“The regulations passed by cabinet today are in the hands of the MPs so that we gain time,” Interior...
