THE troika of Cyprus’ international lenders have yet to decide if recent changes to the island’s insolvency law are enough to allow an outstanding review of its aid programme to be concluded, the European Central Bank said on Monday.
Earlier this month, lawmakers in Cyprus approved legislation...
PROPERTY owners and buyers have until the end of the year to appeal the government’s valuation of their real estate and correct any other mistakes made in the process of fixing immovable property tax (IPT).
The extension – the previous deadline was end of April 25 – was approved in a law...
BANK of Cyprus (BoC) reached an agreement with Leptos Estates, one of the island’s biggest developers, to restructure a loan worth several hundred million euros, the governor of the Central Bank of Cyprus said.
“Following many months of consultations with the customer and an in-depth analysis of...
AFTER countless delays and weeks of heated debates a plenary session of parliament today finally passed the five bills comprising the insolvency framework.
Despite earlier predictions that the vote was too close to call, the 56 MPs voted 33 in favour and 23 against.
MPs also voted to extend the ban...
REGULAR readers will be aware that the basis on which Immovable Property Tax (IPT) is calculated will change this year; the calculation will be based on the revised valuation as at 1 January 2013.
The details of the revised IPT rates and tax bands are still being debated by parliament, but they...
