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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

  • 17 February 2020 The Parliament Voted Positive on the Eviction of Bad Tenants

    With 31 votes in favor, 15 against and 2 abstentions, the Parliament turned... read more

  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 21 February 2020 One billion euro deal for Larnaca development

    The one billion euro deal with the investor for the one billion euro... read more

  • 18 February 2020 Cyprus as a top destination for headquartering

    The list of large companies that have chosen to relocate or part of their... read more

  • 17 February 2020 The Parliament Voted Positive on the Eviction of Bad Tenants

    With 31 votes in favor, 15 against and 2 abstentions, the Parliament turned... read more

  • 4 February 2020 60 Years of waiting for growth in the British Bases

    In 2014, a very important agreement was reached between the Cypriot... read more

  • 3 February 2020 Building coefficient up to 25 percent for housing solution

    A 20% - 25% increase in the building rate is expected to provide for a... read more

Fitch upgraded the bonds of Bank of Cyprus

Nicosia:  To upgrade the covered bonds of € 1 billion. Bank of Cyprus to CCC from B- with a stable outlook, the ratings agency proceeded Fitch. According to the announcement, the decision follows the upgrade of the long-term rating of Bank of Cyprus to CCC from CC. The house gives a stable outlook to bonds as taking into account the slowdown in the deterioration of the quality of the loan even if pressures continue in 2015 as the economy shrinks further. It is also noted that the law on divestiture and insolvency will help recovery delays through, for example, restructuring or foreclosure of assets within a shorter period of time. In addition, the assessment of covered bonds will be vulnerable to a sharp deterioration in the performance of mortgage loans than currently foreseen.  Source : philenews
- See more at: http://www.philenews.com/el-gr/oikonomia-kypros/146/254846/oi-fitch-anavathmisan-ta-omologa-tis-trapezas-kyprou#sthash.fGSv6RTF.dpuf