Cyprus Mail

Foreclosures, Cyprus Airways parliamentary debates postponed

Two major plenary debates slated for Thursday, one on foreclosures and the second on Cyprus Airways have been postponed, the Cyprus News Agency said.

Two parties, AKEL and EDEK, submitted bills, the first to suspend implementation of the foreclosures law until July next year, the second to suspend it until the beginning of the year.

Earlier this week, DIKO leader Nicholas Papadopoulos said that, before deciding when to bring the bills to the plenum for a vote, they’d wait to hear from the finance minister on the progress concerning the so-called insolvency framework. According to CNA the debate was postponed because deputies have not heard back from the finance minister.

In the case of Cyprus Airways it was decided to postpone discussions until Auditor-general Odysseas Michaelides completes his investigation into whether procedures involving the seeking out of strategic investors for the ailing national carrier were above board.

The probe includes the extent of the involvement of the law firm founded by President Nicos Anastasiades.

The auditor-general’s office has commenceed scrutinising the procedures that got underway in July.

Among other things, the official will be looking into whether the president had any direct or indirect involvement in the process, with respect to the connections between Nicos ChrAnastasiades &Partners, the law firm founded by Anastasiades, and Ryanair, one of Cyprus Airways’ suitors.

Michaelides has already contacted Treasurer Rea Georgiou, who will send over copies of all documents related to the case as well as a briefing report.


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