. By Antonis Loizou – Antonis Loizou & Associates Ltd – Property Valuers & Consultants We are experiancing an increasing number of appointments, in order to carry out structural surveys of buildings, mainly houses of old or recent construction and this is the result of shoddy work in a number of projects. Structural defects
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. With sick-leave abuse becoming a daily phenomenon in the rapidly deteriorating state health sector, and other public services suffering from the absence of key personnel, it makes one wonder hw the government machine continues to operate, even though the civil service has shrunk during the past few years. It was Engomi Mayor Zacharias Kyriakou’s
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. By Dr. J. Leontiades Cyprus International Institute of Management The Euro common currency did what it was supposed to do. It removed currency barriers, thus encouraging trade and capital flows between member countries. What was not fully appreciated at the outset was the strain this would place on the less efficient member countries.
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Residential prices for both houses and flats increased on a quarterly basis by 1.6% and 1.5%, respectively, in the second quarter of 2017 with the biggest increase being in Limassol with quarterly increase of 3.8% for flats and houses, according to the 31 st edition of the RICS’ Cyprus Property Price Index. For Larnaca on
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Capital Intelligence, the Limassol-based international rating agency, said it has assigned a positive outlook to Hellenic Bank’s (HB) Financial Strength Rating (FSR), reflecting the positive trend in loss reserve coverage, as well as the improved outlook for the Cyprus economy, with sustained economic growth and an improving property market expected to contribute to a reduction
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* NPLs down 6%, launches property fund * Bank of Cyprus Holdings announced EUR 553 mln in losses for the first none months of the year, a dramatic turnaround from the after-tax profit of 62 mln in the same three quarter period last year. After-tax profit attributable to the owners for the third quarter
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents The post-2013 disaster has brought about a change of the rental scene of Cyprus real estate. Between the period 2013-2015 very few buildings were developed causing nowadays some sort of shortage for most type of investments.
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. The trilateral meeting held in Nicosia this week, the fifth meeting between the leaders of Cyprus, Egypt and Greece, has started producing tangible results, with all three taking significant steps in achieving closer cooperation in natural gas exploration and output, electricity interconnection, cooperation in promoting joint packages for tourism, and also signed a protocol
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The European Bank for Reconstruction and Development (EBRD) and the Ministry of Energy, Commerce, Industry and Tourism launched the new Advice for Small Businesses Facility. According to an EBRD announcement, the event brought together representatives of donors, government, civil society organisations, local banks, business associations, local enterprises and consultants. Over the next three years, the
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Finance Minister Haris Georghiades said that the economy grew 3.9% in the third quarter of the year, equal to a revised second quarter growth rate of 3.9%, he told a parliamentary briefing. The growth rate for 2015 was 2%, rising to 3% in 2016 and on target for a 4% rate this year, the minister
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