. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents As time passes, so does the pressure on Cyprus from the E.U. and others increase. At this point of time the visa/passports measure is working well for us and has contributed to the expansion of the
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents The subject of non-performing loans (NPLs) is hugely serious and according to Averof Neophytou (Chairman of the governing party) it is the biggest problem we have in Cyprus after the political one. Whatever idea one has
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. Judging from the toned-down campaigns by all presidential hopefuls, even as the election race enters its final phase, a lot seems to be at stake this year, primarily reviving the Cyprus talks and proving the incumbent administration right (or wrong) on its over-optimistic economic forecasts. Although one could rightly say that “we have heard
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Eden Seniors Resort, a project developed by the Cypriot-Lebanese joint venture Eveningfall Investments Ltd., is set to open its doors to its first pensioner tenants in February, according to a company announcement. The project, a brainchild of Larnaca lawyer Antonis Demetriou and Lebanese investor Samir Hijazi, has been in construction since 2015 and will include
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* Mostly unserviced corporate loans; Unsecured portfolio reduced by 6.2pps * Hellenic Bank announced that it has sold a fair chunk of its non-performing loans to a Norwegian-owned recovery company, reducing its troubled portfolio by 6.2 percentage points. In an announcement issued on the Cyprus Stock Exchange, Hellenic Bank said it had sold a
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Reuniting Cyprus and economic recovery were the main messages presidential hopefuls sent out last week, as they submitted their candidacies for the January 28 elections, the Cyprus News Agency reported. In all, nine candidacies were submitted, with a run off election is set for February 4 if no candidate secures 50% plus one vote from the
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The CFA Society of Cyprus welcomed its eleven new charterholders at a special ceremony in Nicosia, in the presence of Transport, Communications and Works Minister Marios Demetriades. The eleven new charterholders acquired the Chartered Financial Analyst (CFA) designation after passing the three levels of professional exams and also completing four-year work experience in the field
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents As time passes, so does the pressure on Cyprus from the E.U. and others increase. At this point of time the visa/passports measure is working well for us and has contributed to the expansion of the
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. The recent impromptu strike by taxi drivers at Larnaca airport, a frequent phenomenon at both main airports in Cyprus whenever these drivers have a grievance or a score to settle, has touched on the borderline of safety and security, with neither the airport operator nor the police seeming to do anything. The latest reason
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* To the benefit of the climate and your wallet The European Parliament has reached a preliminary agreement with the Council on a revised Directive for Energy Performance of Buildings (EPBD). “With this agreement, we are taking an important step in ensuring that our buildings contribute to a decarbonised and energy efficient economy – to
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