MPs say trying to protect small businesses from unfair bank contracts
The House commerce committee is trying to afford small businesses protection from unfair terms and conditions included in standard bank contracts through a bill on...
House Commerce Committee
Lawmakers welcome first court ruling against bank
Lawmakers on Thursday welcomed the first court judgment against a bank for unfair terms of contract, but still harangued the banks for acting with “impunity”...
Despite Anastasiades’ election pledge, red tape not been cut
Despite repeated pledges and election promises, it seems the Nicos Anastasiades administration has failed to put a dent in public sector bureaucracy, which costs taxpayers...
One major issue standing in the way of Airbnb law
Lawmakers on Tuesday said they were almost ready to bring a bill regulating the operation of short-term Airbnb-style property rentals to a vote, although one...
Confusion surrounds enforcement of copyright laws
Confusion surrounds the enforcement of copyright laws, lawmakers said on Tuesday, urging the government to bring forward new legislation. In June last year Cyprus passed...
Discussions continue on who eligible for cheaper electricity
The government on Tuesday proposed means testing for people eligible for reduced domestic electricity tariffs in order to allow certain categories of people suffering from...
MPs warn against tourism complacency
Lawmakers on Tuesday expressed satisfaction at yet another bumper year for tourism, but warned against complacency, highlighting the need to constantly improve the island’s tourist...
Ministry asked to issue regulations for industrial buildings
Lawmakers on Tuesday urged the interior ministry to regulate the use of buildings within industrial zones in a bid to slash red tape and costs...
MPs study ways for complaints to be made against traders
MPs on Tuesday began reviewing legislation aimed at affording further protection to consumers through the creation and operation of alternative dispute resolution bodies. The government...
Cyprus must submit EU copyright bills by end June or face fine
The House commerce committee on Tuesday discussed the urgent need to submit bills that will bring Cyprus into line with EU copyright law before the...
EU tax rules could be catastrophic for Cyprus say MPs
The House commerce committee expressed its opposition on Tuesday to the EU’s Common Consolidated Corporate Tax Base (CCCTB) because it would affect the island’s flexible tax...
MPs fail to ease confusion and anger over fuel prices
By Elias Hazou Parliament intends to draft a bill forcing fuel importers to immediately disclose the cost of their shipments, thus shedding light on their...
Bills to protect rights of bank customers
A bill regulating unfair bank charges, which is aimed at protecting borrowers, and a bill on the solvency of insurance companies are to be tabled...
Prices of essential goods unjustifiably high
Prices of essential goods in Cyprus remain unjustifiably high MPs said on Tuesday, calling for the creation of a mobile application tracking the prices of...
Propane-power unlikely to be met in first quarter
By Andria Kades A government decision to have propane-powered vehicles operational within the first quarter of 2016 will unlikely be adhered to, the House Commerce...
EAC unions call off strike
By Andria Kades UNIONS representing workers at the Electricity Authority of Cyprus (EAC) on Thursday called off their planned strike action, after the government agreed...
‘Allocated international funds not getting through to SMEs’
By Evie Andreou With the exception of the Co-op Bank, funds given to banks by the European Investment Bank (EIB) between 2009 and 2011 were...
MPs say self employed need better protection
SELF-employed people are not entitled to unemployment benefit so they require protection and support, deputies said yesterday during a meeting of the House Commerce Committee....
‘Partial debt forgiveness remains an option’
THE CENTRAL Bank of Cyprus (CBC) yesterday reminded banks and borrowers that partial debt forgiveness remained an option for the restructuring of loans of viable...