Cyprus makes Cyta privatisation move

In the first phase, the bill calls for the creation of a successor company that – pending a date issued by a cabinet decree – will be a private entity tasked with running the authority. Unions, a [...]

Russian involvement in Cyprus energy ‘will be beneficial’ to all

CYPRUS supports involvement of Russian companies in its energy market, the Cypriot ambassador to Russia has said. Ambassador George Kasoulides told Sputnik: “As far as the energy sector is concern [...]

Courts issue 56 debt release orders

The Insolvency Service has managed to secure fifty six debt release orders (DRO) for debtors who were unable to repay dues of up to twenty five thousand euro, as a result of the economic crisis. So f [...]

Determination of land ownership rights

THE Department of Lands and Surveys must avoid the registration of immovable property from the name of a deceased to a person claiming ownership of same, except if a duly notarised written consent of [...]

UK could slash corporation tax to 10 pct if EU blocks trade deal in Brexit

Britain could slash corporation tax to 10 percent if the European Union refuses to agree a post-Brexit free trade deal or blocks UK-based banks from accessing its market, the Sunday Times reported, ci [...]

BOC contests court ruling banning application of new foreclosure law

In its September 12 ruling concerning a 2007 mortgage deal, the court ruled that Bank of Cyprus had to proceed to the foreclosure of the property based on a 2006 court order and had therefore no right [...]

PDMO to buy back €258m in government bonds

The offer applies to the bonds with the serial number CY0049570811, CY0049630813, CY0143830814 and CY0143790810, the PDMO said. All securities, which carry an annual interest rate ranging from 4.75 pe [...]

ICC ruling cannot stop FBME liquidation, says CBC

THE Arbitral Tribunal of the International Chamber of Commerce may have ruled to allow the conditional access of FBME Bank’s owners to the lender’s premises, but it denied their request for the im [...]

BREXIT: Implications for Cyprus

Implications for CyprusCyprus is one of the countries that the UK has strong bilateral relations, reflecting the historical ties between the two countries. Brexit has dimensions that raise many concer [...]

How many marinas do we need?

With at least three new marinas supposedly on their way, a host of questions has been raised over the economic value and environmental impact of these massive projects, including whether they will hap [...]
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