ARISTO DEVELOPERS on Monday blamed the dismissal of 50 workers mainly on the company’s legal troubles relating to a suspicious land zoning case that saw its owner charged, along with his wife and two others.
The company said it had tried to preserve jobs in the hope that its sales would recover....
THE CYPRUS government received a total of €100.25 million in Immovable Property Tax (IPT) payments from 232,300 private individuals and companies by the 30th November when the 15% discount period expired.
This compares with the €94 million that was collected by the end of the 10% discount period...
Savvas Vergas (photo Sigmalive)
FORMER Paphos mayor Savvas Vergas and three other defendants on Thursday denied charges relating to threatening text messages sent to witnesses in a land zoning case involving prominent businessman Theodoros Aristodemou, the owner of Aristo Developers.
Vergas, close...
ACCORDING to an official press release, the Council of Ministers approved two bills related to the insolvency framework on Wednesday that is designed to provide a degree of protection against foreclosure for those who have been hit by the recession.
The first bill is designed to regulate insolvency...
CYPRUS on Friday eased restrictions on overseas payments, but fell short of scrapping completely capital controls imposed in the wake of a bailout crisis in early 2013.
Authorities said they would raise the limit on cash transfers abroad to 2 million euros without prior permission required, from 1...
