SPEAKING to the Cyprus News Agency, Head of the Insolvency Service Giorgos Karotsakis said that the action plan for implementing the insolvency framework was being evaluated by the by the Ministry of Finance and that it should ensure the full functioning of the Insolvency Service, the IT...
CYPRIOT banks will have problem with their capital if parliament votes in favour of the bill to secure title deeds to the trapped property owners.
The bill gives discretionary powers to the Director of the Land Registry, under certain conditions, to discharge and/or eliminate and/or transfer and/or...
Industry authorities tell us that one possible way to defend foreign investors to have property in the island is the new law, empowered by the Government, demanding to obtain title deeds from the government itself. Moreover, they say, that this law can revive and restore the interest of investors to...
FOLLOWING today’s meeting of the Cabinet (Council of Ministers), Interior Minister Socrates Hasikos explained some of the key points of the ‘hidden mortgages’ bill designed to enable several thousand people to get the Title Deeds to the property they purchased.
“The bill covers several...
THE GOVERNMENT intends to promote a regulation for the reduction of the property transfer fees by 50%, which had been previously announced by the Cyprus Interior Minister but was not promoted due to objections of the troika, within the framework of the bill for the single property taxation.
In...
