EARLIER today, the authorities in Cyprus announced that they will raise the limit on overseas transfers; the changes come into effect on Monday 16th February 2015.
From that date individuals may transfer up to €50,000/month per person for each credit institution and/or payment institution out of...
PROPERTY developers, hoteliers and large football clubs are among the major income tax debtors, according to the list given by the Finance Minister to parliament on Monday.
The list is published by StockWatch for public interest purposes. Finance Minister, Haris Georgiades also called upon “public...
THE TROIKA of international lenders and political parties on Thursday failed to reach a consensus on the thorny issue of guarantors to bad loans, which forms part of the fifth and last bill of a package of proposed laws known as the insolvency framework.
According to the Cyprus News Agency (CNA),...
CYPRUS international lenders, known as Troika (EC, ECB, IMF), announced Friday that reaching an agreement on the review of Cyprus programme was not possible during their last visit on the island, due to the further suspension of the effective application of the foreclosure framework.
“The...
TENSIONS over the foreclosures bill rose on Friday when opposition parties slammed Bank of Cyprus CEO John Hourican over comments he made in a leaked internal email criticising the “bemusing politicisation of the insolvency law”.
Apart from the snippets published by Sigmalive when the email was...
