The Cyprus residential property market is reported to be getting a boost from the Far East, as interest from Chinese buyers looking to purchase top end luxury properties in Paphos is increasing, the Cyprus Property News is reporting.
In a move to safeguard customers and perhaps distance itself from difficulties in Greece, the Bank of Cyprus UK has transferred its banking to a new subsidiary which is fully protected by the Financial Services Compensation Commission.
Moodys, the international ratings agency, has today downgraded Cyprus to junk status, adding to the woes of the eurozone-member island nation.
Cypruss beleaguered residential housing market has been dealt a fresh blow, as would-be house-buyers on the Mediterranean island have begun postponing purchases in hopes of benefiting from a reduced tax, according to a report in the online Cyprus Property News.
The Cyprus Securities and Exchange Commission has revoked 85 to 100 decisions following a Supreme Court judgment.
The Supreme Court of Cyprus has ruled that appointments made at the Cyprus Securities and Exchange Commission were made illegally.
The regulator of Cyprus is warning investors not to use investment management company Plaza Capital.
Residential property sales on Cyprus are expected to continue to fall in 2011, a survey suggests.
The UK Court of Appeal has upheld a decision forcing a British couple to hand over their northern Cyprus home to its former owner who fled during the Turkish invasion of 1974
