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Soap Box – A summer of drills and spills

This should be a bumper summer season to look forward to with gas drills off Cyprus and Turkey ready to throw its toys out the pram and cause a stink. By then we should know – if we don’t already – where Cyprus talks are heading. Nicosia has invited the French, Italians and the Americans to come on down and search for oil and gas off our shores.

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Is black money boosting property market?

Undeclared income, a sudden upsurge in business for some services and limited places to deposit one’s income, are driving some investors towards real-estate investment. To this end, the somewhat uncertain future of some of the local financiers, the difficulty in sending one’s money abroad (with questions asked) and the low deposit rates, have directed some cash-rich individuals’ and firms’ attention towards local real-estate investment.

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