Pushback to VAT change on home buys

MPs are undecided on whether to pass a European Union directive reducing the size of homes entitled to lower 5% VAT or face hefty financial penalties, while the construction industry wants authorities

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New lifeline for defaulted borrowers

Cyprus is to throw another lifeline to distressed borrowers to help them keep their homes following its ESTIA scheme for toxic mortgages, which failed to cover all applicants. This time, the Finance

Cablenet adds more Plume for smart homes

Leading independent telecoms provider Cablenet is extending its partnership with cloud-controlled smart home service provider Plume, adding security and AI-enabled services to its Purple Max internet bundle. Aiming to make the subscriber’s

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Building activity makes strong recovery

Building permits issued in the first half of 2021 marked a significant recovery from Covid-hit 2020 while exceeding the pre-pandemic activity of 2019, according to data released by the Cyprus Statistical Service.

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Over 80 homes destroyed in huge wildfire

At least 80 homes were destroyed during the island’s worst-ever forest fire, with the cost of the destruction running into millions of euros. The devastating fire that started in the Limassol village

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