THE EXISTENCE of significant risks, leaves no room for implementation slippages, the International Monetary Fund (IMF) points out in the second review of Cyprus’ performance under the financial adjustment programme imposed to the country by its international lenders.
According to the review, a...
HUGE expanses of state land are being illegally exploited for years, with the Lands Office unable to take effective action because of lack of resources.
As a result cases involving land worth millions of euros have not moved forward for years.
A number of complaints lodged with authorities have...
THE EUROPEAN Commission’s second review of the Economic adjustment programme for Cyprus is generally favourable to the progress being made by Cyprus.
In summary, the ECs report concludes that:
The Cyprus programme is on track.
The economic situation remains difficult, although so far the recession...
THIRTY two legal entities owe the government a total of €10.6 million in unpaid immovable property tax (IPT) for 2013, reports said yesterday.
The 32 companies form a comprehensive list of ‘over €100,000 owed in IPT’ on November 30, 2013, a list which was requested by Parliament and provided...
NOBLE Energy has announced the discovery of approximately 3 billion barrels of gross unrisked oil potential in the Eastern Mediterranean at a depth of 7,500 metres below the seabed between Cyprus and Israel.
Unrisked reserves are those which have already been developed by drilling and production and...
