Real property law

The head of Greece?s land registry on Tuesday proposed scrapping most of the tenders launched for the completion of the remaining 60 percent of the cadastre amid concerns about a lack of funds.

Public institutions and universities owe the Sofia Municipality some BGN 23 M in unpaid garbage fee and property tax installments.

...

Municipalities and private companies may soon get a chance to take over abandoned or empty buildings if a new bill drafted by the Environment Ministry is voted through Parliament.

As of Monday, property owners will be able to access the land registry to view information that was accumulated before 2008, it was announced Friday.

Until now, owners could only see information that had been collected since 2008 even though 333 areas had been registered before then.

Nevertheless, the process of completing Greece’s much-delayed cadaster is proving a slow one.

Cyprus said on Tuesday it hopes to re-establish a flow of aid from international lenders after some issues were resolved in a disputed foreclosures bill that lenders demanded for funds to be released.

The Supreme Court of Cyprus on Friday ruled as unconstitutional four bills on bank foreclosures whose passage by Parliament prompted international lenders to halt payments on the country’s 10-billion-euro bailout.

The decision should open the way for Nicosia to receive the next tranche of 436 million euros, which was blocked last month.

The Cypriot supreme court ruled as unconstitutional Friday four bills on bank foreclosures whose passage by parliament prompted international lenders to halt payments on the country’s 10-billion-euro ($12.7-billion) bailout.

The decision should open the way for Nicosia to receive the next tranche of 436 million euros, which was blocked last month.

The Finance Ministry is expected to open the online system for heating oil subsidy applications on the website of the General Secretariat for Information Systems (www.gsis.gr) on Tuesday.

By Prokopis Hatzinikolaou and Nikos Roussanoglou

Cyprus is unlikely to receive the next tranche of rescue funds from international lenders after apparently falling foul of them over new legislation on loan foreclosures, the island’s government said on Thursday.