THE CYPRUS Land and Building Developers Association has demanded the normalization of the situation in the banking financial system by lifting the restrictions in the transactions in order to facilitate the performing of the loans. At the same time, the Association has asked its members to perform...
DELEGATES from the troika’s Cyprus mission resumed their meetings with various government officials and other stakeholders on Wednesday, day two of the representation’s fourth review of Cyprus’ adjustment programme.
Wednesday’s schedule included a 2 pm meeting with the Federation of Building...
DESPITE AN ORDER banning them from their home which has been condemned as unsafe, a defiant Paphos family of four is still living at a stricken development in Armou. They say they have no alternative and are looking to the state for compensation.
The plight of Simon Phillips and his family and other...
THE European Banking Authority (EBA) has published the methodology and the scenarios to be used for the 2014 pan-European stress tests, which reveals adverse forecasts for unemployment and real-estate prices this year.
According to the EBA, the stress tests “will identify remaining...
THE Ministry of Finance announced new but not complete relaxation in the restrictions on capital movement.
With the new 29th decree, all restrictions on transactions within the Republic are abolished, following the roadmap for relaxations agreed on 8 August 2013, except for the opening an account at...
