. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Property Valuers, Property Consultants & Estate Agents The E.U. is placing pressure on the Cyprus government to introduce the 19% VAT charge on the acquisition price of building plots and development plots. The matter is under discussion at the House of Parliament, but
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Profitable real estate outside Germany’s major cities The latest LBS and empirica Purchase Price Index reveals that asking prices for previously owned condominiums in Berlin rose dramatically year on year in Q1 2017 (+12.1% in comparison with Q1 2016), according to Immobilien Zeitung. The analysis of condominium listings in Berlin’s major daily newspapers and
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The Aphrodite Hills Golf Club recently received the Green Club environmental quality recognition, with the facility’s director Andrew Darker saying that further measures are being introduced to keep abreast of sustainable tourism requirement. Dr Michalis Iereides, General Secretary of the environmental agency Cymepa said that the Green Key quality recognition is awarded by the
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. By Michael Kammas Director General – Association of Cyprus Banks At a time of complex regulatory and working environment, tough enforcement and stiff penalties, understanding anti-money laundering compliance responsibilities and comprehensively deploying compliance resources is more important than ever for a range of financial institutions. Financial institutions must not only be prepared for
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. With the crisis erupting in the Gulf, where the block headed by Saudi Arabia has imposed sanctions on Qatar and has threatened further measures if the gas producer does not back down from supporting radical Islamic groups and Iran, it is clear that Cyprus has a greater interest in helping resolve the matter than
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. Bloom or wither? Revolutionise or rationalise? By Renos Ioannides Financial Analyst We have seen how the instinctive banking aversion of risk and the deeply ingrained rigidities of conventional banking routines may stall banks’ progress, by deterring them from taking the quantum leaps that are needed to truly get them back to the road of
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Property Valuers, Property Consultants & Estate Agents Those who are around the age of 40-50 should start considering their retirement income as a first priority and things to do once they reach the retirement age of 63 (optional 65) years old. Most
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Need to resolve conflict, before it spills over into energy plans and economy The crisis in the Gulf, driven by Qatar’s ambition to become a major player in Middle East politics and a superpower in the natural gas market, could have an impact on the Cyprus economy, and by extension the island’s future energy plans,
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President Nicos Anastasiades, fresh from his trip to the U.S. embarked on a three-day official visit to Lebanon, where he raised the issue of hosting the first trilateral summit between the leaders of Cyprus, Lebanon and Greece. Similar to the other trilateral summits involving Israel, Egypt, Jordan and Greece, the new meeting will deal
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There are prospects for further development of tourism, Finance Minister Harris Georgiades said on Tuesday, recognising the decisive role of tourism industry in the recovery of the economy, and pointing out that the effort to improve the quality of the product should continue, according to the Cyprus News Agency. Speaking on the sidelines of
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