A case is coming up in the UK High Court against a Cypriot developer and Cypriot lawyers following the Cyprus government’s inability to resolve the existing backlog of thousands properties that have not had title deeds issued. As a result, questions were raised last week in the House of Lords seeking a first round of

Cyprus must turn to green energy to ease pollution issues, House President Marios Garoyian said addressing a seminar organised by the Cyprus Wind Energy Association and the Cyprus Organisation for Standardisation. The seminar on green energy coincided with Global Wind Day celebrated on June 15 and aims to inform all institutions on the three forms

The Cyprus Shipping Chamber hailed last week’s decision by the European Commission to extend the right to ship-management companies which provide “crew management” services to be allowed to be taxed under a tonnage tax scheme, as it is already applied in the cases of shipowning and ship-management companies. The CSC said this development is considered

Cypriots have ‘mania’ for premium cars VW Group distributors Unicars have introduced their own financing scheme, Volkswagen Bank, to help a growing number of Cypriots buy a new car or upgrade to the next level of premium models. “Premium car sales are doing very well, accounting for a 24-25% share of all new cars sold,

The Statistical Service has produced a number of statistics relating to prices of food in recent months, showing a sharp increase in the prices of vegetables compared with the same period of 2008. The producer price index of fresh vegetables increased by 34% in the first quarter of 2009 compared to the respective quarter of

The Statistical Service Cystat has reported that the index of industrial turnover is provisionally estimated to have reached 112.5 (base 2005=100) in March, recording a decrease of 8.9% compared with March 2008. Industrial production in the same period fell by 5.1%. For the period January-March 2009, the index recorded a decrease of 7.3% compared with

Oil firmed towards $72 a barrel on Friday, gaining for a third day, supported by views on equity markets that the economy may be stabilising and due to geopolitical concerns over key oil producers Iran and Nigeria. U.S. crude rose 49 cents to $71.86 a barrel by 1358 GMT, having topped $72 earlier. London Brent

European Union leaders agreed more steps on Friday to avert a repeat of the banking crisis that has sapped the world economy and the IMF said 2010 might deliver stronger growth than earlier forecast. The EU leaders backed the creation of a European system of financial supervisors, but gave them only limited powers. The agreement,