. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Property Valuers, Property Consultants & Estate Agents The Famagusta district, especially the beach areas (Paralimni-Ayia Napa-Sotira) seem to have been left behind in terms of planning zones and building coefficients. The area which attracts the most tourists (local and foreign) does not have
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The two major parties in Bavaria’s state parliament, the SPD and the CSU, have both published draft legislation to prohibit the commercial use of residential property in Germany without prior consent. The two draft laws are extremely similar, and both seek to add clarity to the term “misuse of property” (Zweckentfremdung). According to the
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The Royal Institution of Chartered Surveyors (RICS) hosted a conference on REO and NPL Management on March 8, bringing together real estate professionals, banking executives, and regulators to explore and discuss the state of the Cyprus real estate market as well as strategies for management of REO and NPL portfolios. Pavlos Loizou MRICS, Chairman
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* The European Union is an ‘excellent model’ how to strengthen governance * Janez Potocnik, Slovenia’s former two-term Commissioner, believes the European Union has not failed, but that it is the politicians who have lost contact with the people, and that the EU model on governance could help revive a sustainable economy at home and
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. By Olga Kandinskaia Recent trends in education, and business education in particular, emphasise the importance of applying new interactive ways of learning. Leading business schools abroad have enriched their academic curriculum with out-of-the-classroom activities such as field trips for their students to better prepare them for a successful career in the challenging and dynamic
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The first official presentation of the Limassol Del Mar took development project place at the Four Seasons Hotel last week. The event was addressed by Finance Minister Harris Georgiades who briefly elaborated on Cyprus’ recent economic and developmental advancements, and emphasised that together with other factors, projects similar to the Limassol Del Mar are
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By Lukman Otunuga, Research Analyst at FXTM Market expectations of a probable US interest rate increase in March were fully cemented on Friday by February’s solid non-farm payrolls (NFP) headline figure of 235,000 which illustrated steady growth in the US labour markets. Although average hourly earnings may have missed expectations, the unemployment rate fell
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. Marcuard’s Market update by GaveKal Dragonomics By Charles Gave Over the last few months I have argued that the US stock market rally was running on fumes. In the intervening period, US equities have, of course, powered to new highs. While my earlier comments were nuanced, I can now say that for the first
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* Gov’t concludes negotiations with selected bidders in 3rd round * The government has successfully concluded negotiations with the selected bidders for the offshore hydrocarbon exploration licences of blocks 6, 8 and 10 in the Cyprus exclusive economic zone (ΕΕΖ), Energy Minister Yiorgos Lakkotrypis announced on Tuesday. On March 17, the Cabinet will discuss
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Bank of Cyprus posted after-tax profits of EUR 64 mln for 2016, its first year back in the black after the economic crisis and banking sector meltdown in 2013. The bank said it achieved a EUR 3.0 bln reduction (-27%) in 90+ DPD loans, full repayment of EUR 11 bln in emergency liquidity assistance
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