Photo credit: Ό Φιλελεύθερος
PROMINENT developer Theodoros Aristodemou, on trial in connection with a land zoning case in Paphos, denied on Thursday that he defrauded the state and claimed that his company has been ruined because of the negative publicity.
Aristodemou testified before...
INVESTIGATORS probing reasons that resulted in the meltdown of the Cyprus economy in 2013 have uncovered unprecedented bad practices by banks, which lead to the squandering of billions of Euros.
Sources close to the team of investigators told state broadcaster CyBC that large loans were approved by...
PAPHOS Criminal Court ruled on Thursday there is a prima facie case against prominent developer Theodoros Aristodemou and three others, including his wife, in connection with a land zoning case.
However, the court acquitted Aristodemou, wife Roulla, and former municipal engineer Savvas Savva of...
CYPRUS is once again in hot water with the EU regarding conservation parks, after the European Commission sent an official letter to Nicosia on Wednesday telling the government to cancel building permits for two golf courses, scheduled to be built at the Limni area near the Akamas national park.
The...
AS WE reported in 2012, one of the proposals in the draft Memorandum of Understanding (MoU) at that time was the establishment of an “Asset Management Company” (AMC) or ‘bad bank’.
A ‘ bad bank’ is a bank set up to purchase bad loans from financial institutions with non-performing...
