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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 15 July 2019 Larnaca new high rise tower projects

    In Larnaca, some 20 – 30 high-rise residential developments and hotels... read more

  • 27 June 2019 Home Saves homes but also sells them away

    On September 2, applications for the Home project will begin. Yesterday the... read more

  • 18 June 2019 Citizenship by Investment Property Fair in Beirut Lebanon

    On 13 and 14 June 2019 we took part, together with our legal team, in the... read more

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

No need for new fiscal consolidation measures in 2016

The bailout of the economy performs and continues to make progress, said upper source of the European Commission, according to which there is no need to impose additional fiscal consolidation measures in 2016. Noting that an agreement was reached today at a technocratic level on the updated Memorandum The same source said that while there is a strong and tangible commitment by the Government to achieve the program goals. He noted that the reform agenda remains the same and that they do not need to add new measures to the program unless there is a real need for something so. He also referred to the need for treatment of non-performing loans and approval of draft laws on the sale of loans and the issue of title deeds to the enclaved owners. He also said that Cyprus should proceed with structural reforms relating to privatization and reform public service, adding that despite the fact that no progress however should accelerate the pace of reforms. He also said that there is great need for application of additional fiscal consolidation measures in 2016, expressing the need to ensure the progress achieved so far. even confirmed that indeed the Cyprus comes from the recession and the growth starts to move timidly up.  Answering a question, he expressed the view that based on facts so far Cyprus will ultimately need the entire 10 billion comprising the rescue plan, due to good performance of Cyprus on the issue of fiscal reform. Source: philenews / CNA


- See more at: http://www.philenews.com/el-gr/oikonomia-kypros/146/268839/den-chreiazontai-nea-metra-dimosionomikis-exygiansis-to-2016-anaferei-pigi-tis-komision#sthash.636XUiG2.dpuf