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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... read more

  • 29 August 2019 Cyprus real estate market review 2018

    In its annual Cyprus real estate market review, PwC reports that the... read more

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... read more

  • 29 August 2019 Cyprus real estate market review 2018

    In its annual Cyprus real estate market review, PwC reports that the... read more

  • 19 August 2019 Building permits authorised for 907 new homes

    Building permits authorised in Cyprus during May 2019 provided for the... 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