#debt

The finance ministry on Tuesday sent a letter to football clubs participating in the debt repayment scheme, urging them to settle their debts to the state, totalling €35.6 million, which were ...

Turkish Cypriots’ credit card debt doubled within the space of a year between June 2023 and June this year, according to figures released by the north’s central bank on Tuesday. ...

Rule of law that is applied selectively is not rule of law. It is a form of authoritarianism in which the state decides who is allowed to break the law ...

El-Sen, the employers’ union of the north’s electricity authority Kib-Tek, announced on Saturday night they had filed a complaint to the Turkish Cypriot police after police had prevented them ...

Famagusta’s Eastern Mediterranean University (EMU) currently has a tax debt of 3.2 billion TL (€92.8m), the north’s ‘finance minister’ Ozdemir Berova said on Monday. He was speaking during a ...

Kib-Tek, the north’s electricity authority, is in 805 million TL (€27.4 million) of debt, it was announced by the north’s ‘government’ on Thursday night. The debt is owed to Turkish ...

By Les Manison Newly elected President Nikos Christodoulides promised in his campaign that his government would be one of “broad social acceptance”. For the economy this should mean a situation ...

Disposition made with intent to defraud a creditor is deemed to have been made fraudulently and may be set aside by a court order The court can set aside disposition ...

Dealing with your creditors through negotiation is the process of debt settlement or debt resolution. You have two options: either do it yourself or hire a firm to do it ...

At the end of the fourth quarter (Q4) of 2021 government debt to GDP ratio in Cyprus was 5.4 percentage points lower compared to Q3 of 2021, and 11.4 percentage points lower than at ...

The government’s cash reserves amounted to €3.84 billion at the end-2020, approximately 20 per cent of the island’s GDP, despite pressure on both public finances and the economy due to ...