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Second agency cuts Cyprus credit rating

Following the announcement by Moody's on Wednesday, Standard & Poor's became the second agency to cut Cyprus' rating this week citing the government's indecision in introducing substantial consolidation measures.
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Moody’s downgrades Marfin and Bank of Cyprus

In the wake of yesterday's announcement that Moody's had downgraded Government bond ratings, the ratings agency has downgraded the deposit and debt ratings of the Marfin Popular Bank and the Bank of Cyprus.
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Crisis deepens as Cyprus property sales continue to tumble

The crisis in the Cyprus real estate industry continues to deepen with sales of property falling for the twelfth consecutive month and sales so far this year lower than those of 2008; the year the market crashed.
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Fitch cuts Cyprus rating on exposure to Greek debt

Fitch ratings agency has cut Cyprus' sovereign credit rating from AA- to A- and is warning of another possible downgrade because of its banking sector’s large exposure to debt-laden Greece.
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Moody’s reviews Cyprus banks for possible downgrade

Moody's Investors Service placed three Cypriot banks on review for a possible downgrade on Friday, citing heightened risks to the banks from their exposure to Greek debt.
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Cyprus housing market stumbles

Compared to other European member states, the housing market in Cyprus performed poorly in 2010, with price falls over the year averaging more than nine percent.
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Disappointing drop in Cyprus real estate prices

The fifth issue of the RICS Cyprus Property Price Index show that real estate prices across the Island fell during the fourth quarter of 2010, with house and apartment prices falling by an average of 2.6% and 2.4% respectively.
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Cyprus economy downgraded again

Standard and Poor's has downgraded Cyprus' sovereign credit rating by one notch and set the outlook as ‘negative’ as a result of the Island’s significant exposure to Greece.
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EC replies to legal rulings on Cyprus swimming pools

Antonio Tajani, the European Commissioner for Enterprise & Industry, has replied to a question raised by Arlene McCarthy MEP concerning the licensing of swimming pools in Cyprus and legal proceedings taken by the authorities against some owners.
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Focus of the Cyprus town planning bills was wrong

The main focus of Cyprus government’s town planning bills was to raise revenues for the state rather than providing a sound legal framework to ensure the immediate issue of Title Deeds.
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Buying property in Cyprus – book review

For anyone wishing to avoid unnecessary heartache and financial loss when buying property in Cyprus, this book is an essential reference - Dr Alan Waring.
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MEP questions Cyprus swimming pool legal rulings

MEP Arlene McCarthy has called on the EC to ensure unfair legal proceedings against Cyprus swimming pool owners are halted and that the correct European standards are enforced.
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Cyprus must change or suffer

The leadership of Cyprus seems to be living in the past with no vision whatsoever about the future; it is time to turn the amazing potential that this country has into action.
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Moody’s downgrades three Cyprus banks

Following in the wake of its decision last week to downgrade Cyprus government bond ratings, yesterday Moody's Investor Services announced that it had downgraded three Cyprus banks.
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Cyprus Title Deed law breakers face stiff penalties

The Cyprus government's revised Title Deed legislation provides for fines and the possible imprisonment of those found guilty of violating its provisions.
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Moody’s downgrades Cyprus rating two notches

Yesterday Moody's Investors Service downgraded Cyprus government bond ratings by two notches to A2 from Aa3, reflecting its view of the country's weakening medium-term credit fundamentals.
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Property sales in Cyprus slump to a 2 year low

Property sales in January hit a year low heightening concerns that the real estate sector will continue to suffer problems in 2011.
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City law firm to protect Cyprus buyers rights

London law firm Healys LLP has announced it will be working with a leading law firm in Cyprus to advise on claims of mis-selling in the Cyprus property market.
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Cyprus warned of Fitch downgrade

On Monday, Fitch Ratings put Cyprus on ratings watch negative when the agency said it could lose its AA minus rating. Fitch is looking at the Island's state pensions as well as its close relationship with Greece.
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Moody’s to review Cyprus rating for possible downgrade

Moody's said the rating could be adjusted downwards prompted by a deterioration in fiscal metrics, competitiveness issues, and the banking sector's exposure to macroeconomic stress in Greece.
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