PROPERTY owners could pay less Immovable Property Tax this year as authorities update real estate values as part of the island’s bailout terms.
“People will be asked to pay less than last year and the reason is very simple, many more properties have been included,” Interior Minister Socratis...
SECTION 5.3 of the Memorandum of Understanding (MoU) agreed between Cyprus and it’s international lenders (troika) is that Cyprus should “every three months, publish quarterly progress reviews, including executive commentaries on developments related to the issuance of building and planning...
A CONFIDENTIAL list with the 24 largest debtors in the Bank of Cyprus and the amounts they owe, including the bank’s analysis of their financial status and recommendations for further action, was leaked to the news site Stockwatch yesterday, infuriating the bank that said it would take legal...
A STATEMENT issued by the European Commission on Saturday reports that although the Cyprus economic programme remains on track, three key challenges remain; namely: to reduce non-performing loans, to maintain sustainable public finances, and to strengthen institutions.
The full text of the statement...
CYPRUS’ international lenders, the European Commission, the European Central Bank and the IMF, are considering expediting the timeframes with regard to foreclosure and insolvency framework in a bid to contain strategic defaults in Cyprus.
Cyprus received a €10 billion bailout from the Troika...
