PRESIDENT Anastasiades has offered his full support to the Bank of Cyprus CEO John Hourican saying that those who owe the financial institution money have no option but to pay.
The President made the statement when he was asked to comment on reports that the bank was putting increased pressure on...
FORECLOSING on large developers would not solve the liquidity problems faced by banks, but they are asking for time to settle their debts and continue to operate.
Speaking on behalf of the developers, Andreas Sandis said the country’s interests would not be served if there was a fire sale of real...
FOLLOWING the changes to the Immovable Property Tax law that removed the €75 minimum payment, I received many emails from those who had already paid asking how to apply for a refund.
I have some good news for them and everyone else who overpaid – the Inland Revenue Department has started to...
THE Federation of Associations of Building Contractors Cyprus (OSEOK) has issued a desperate plea for support to President Nicos Anastasiades, saying local contractors were “pinning their last hopes” on his intervention.
“A long-term life line for the economy of Cyprus, the construction sector...
THE developers of a stricken, now deserted Tala project which appears to be slowly sliding down the hillside say they would never have gone ahead with construction if they had been aware that the land was ‘problematic’ to build on.
The development consists of 14 units: four apartments, two...
