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18th Jan

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FEATURED FOR SALE

Luxurious 4Bedroom villa in Armenochori Limassol. Detached House, Limassol
€3,260,869
Luxurious 4Bedroom villa in Armenochori Limassol.
Excellent Opportunity!! Great location Detached House, Larnaca
€200,000
Excellent Opportunity!! Great location
Modern large outdoor veranda with amazing views! Apartment, Nicosia
€170,000
Modern large outdoor veranda with amazing views!
Luxury 2 bedroom apartment Apartment, Nicosia
€190,000
Luxury 2 bedroom apartment
4 bedroom luxury house in Latsia Detached House, Nicosia
€290,000
4 bedroom luxury house in Latsia
Brand New 2bed at Palouriotissa Apartment, Nicosia
€148,000
Brand New 2bed at Palouriotissa

Courts issue 56 debt release orders

Courts issue 56 debt release orders
The Insolvency Service has managed to secure fifty six debt release orders (DRO) for debtors who were unable to repay dues of up to twenty five thousand euro, as a result of the economic crisis. So far 1,019 applications have been submitted from citizens who request a debt write off, head of the Insolvency Service Costas Karotsakis has told the CNA. “Consequently, fifty six families without income or important assets that could be used to repay their debt, have been rid of unsecured debts of up to twenty five thousand euro, both them and their guarantors” Karotsakis noted. As a result of the implementation of the insolvency framework, the economy of Cyprus is placed at the 16th position by the World Bank in terms of insolvency matters, whereas Cyprus ranks 9th among the EU member states. He also said that several cases are pending before the district courts and as a result it is expected that the number of the rulings will increase. However, according to Karotsakis the number of companies making use of the debt restructuring tool is low and as a result only three cases have been led before the courts and one of them has been withdrawn. …

1 month ago

FEATURED FOR RENT

Office, Nicosia
€4,800 Per month
Whole floor with excellent view
Detached House, Nicosia
€7,000 Per month
Neoclassic 3 storey house in Makedonitissa
Office, Nicosia
€9 Per square metre
Excellent value for money modern office building
Office, Nicosia
€7 Per square metre
Large office space at an excellent price
Office, Nicosia
€900 Per month
City Center Modern office space
Office, Nicosia
€2,500 Per month
Modern office for rent in Nicosia city center


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