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  • Reward bad borrowers; punish the good

    Reward bad borrowers; punish the good

    In a move, which if successful, will result in rewarding bad borrowers while punishing the good, the Cyprus parliament is expected to vote on proposals granting tax relief to bank debtors by July.

  • Speeding up issue of Title Deeds

    Speeding up issue of Title Deeds

    The Cyprus government is ready discuss ways to reduce the time taken to issue Title Deeds, which has tarnished the reputation of Cyprus as a safe place to buy property by overseas investors.

  • More Recent Reports

  • Non-performing loan laws inefficient

    Non-performing loan laws inefficient

    The legal frameworks introduced by Cyprus aimed at reducing non-performing loans (NPLs) are inefficient according to the European Stability Mechanism (ESM) in its annual report...
  • Rent scam suspects detained in Limassol

    Rent scam suspects detained in Limassol

    Two suspects in Limassol have been remanded in custody for four days on suspicion of operating a rent scam following complaints from tenants who'd been paying €800/month for the last four months...
  • Bills rewarding bad borrowers may pass

    Bills rewarding bad borrowers may pass

    The bills rewarding bad borrowers by exempting them from paying income tax, capital gains tax, property transfer fees, stamp duty and the special defence contribution are expected to pass...

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