Property in Cyprus 
недвижимость на кипре

Home   >  News

You are not logged in. Log in / Register.

Cyprus Property News

Cyprus property news.

We give sharp, insightful comments on issues affecting the Cypriot property market. No nonsense reflection of current events and market trends as well as news on property tax and general legalization changes in Cyprus.

Cyprus lifestyle news.

With everything from the status of road work in Paphos to the opening of new shops and general economic news – you will find Cyprus lifestyle news a good read.

Our twitter page.

When it comes to social media we really do prefer twitter. We try to make our tweets not just a list of what we have for sale, but more a reflection of Cyprus life with a fun and sometimes ironic twist. FOLLOW US NOW!

Keep up to DateRegister Today

Cyprus Property News

Cyprus Refinancing Blooms to 23 Billion Euro

Date: 11/04/13

The total cost of the rescue of the Cypriot economy swelled to 23 billion Euro from the originally planned 17 billion.

Not surprisingly the outlook for the Cypriot economy has changed greatly since the original bailout cost was calculated.  

Two intriguing documents leaked yesterday show exactly where the €13 billion that Cyprus must raise will come from:
1. The resolution of Laiki Bank and restructuring of Bank of Cyprus including the bail-in of uninsured deposits will raise €10.6 Billion;
2. €600m from raising corporation tax, taxes on capital income, and increasing the bank levy on deposits raised by banks and credit institutions;
3. The sale of the majority of the gold reserves held by the republic €400m;
4. €1.6 Billion though privatizations of Semi State companies (Cyta, Electricity Authority, Ports Authority).

With another Eurogroup meeting being held tonight (12/04/2013) in Dublin, the whole of Cyprus holds its breath. For those who enjoy a bit of “light reading” here are the two draft documents from the European Commission, both in English.

<< Back to News
Get in touch Close

Innovative mobile solutions for your Smartphone

Innovative mobile solutions for your Smartphone

iPhone / Ipad
Simply tap the + icon at the bottom of your screen then 'Add to Home Screen'

Install the app by clicking here. You will then be able to access the application from your application screen.
Get in touch Close
7, Tombs Of the Kings Ave,
Paphos, Cyprus

+357 26102242