Trickle of applicants for mortgage relief scheme but thousands were expected
Only about 100 fully completed applications have been submitted so far by individuals for the ‘Estia’ mortgage relief scheme, a far cry from the theoretically...
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Complex application process stymying mortgage relief scheme
The Estia mortgage-relief scheme appears to be moving at a snail’s pace as most applications filed are incomplete while not a single application has yet...
Supreme Court won’t vote on contentious bills until next year
The supreme court on Tuesday set March 3, 2020 as the date on which it will hear arguments for and against the president’s veto of...
Land registry pledges speed on Estia applications
THE land registry will not delay any procedures related to the Estia debt-relief scheme, the organisation’s head, Andreas Socratous said on Thursday. Socratous gave reassurances...
Finance minister to brief MPs on Estia, foreclosures
Finance Minister Haris Georgiades will inform the House finance committee on Monday about the Estia scheme to help those with non performing home loans as...
Georgiades reminds borrowers that Estia scheme begins Monday
Finance Minister Harris Georgiades on Sunday urged any homeowners who believe they are eligible for the debt-relief scheme Estia to submit their applications as of...
Applications for Estia accepted from September 2
The labour ministry will start taking in applications for the state debt relief scheme, Estia, on September 2 as planned, Finance Minister Harris Georgiades said...
Estimates suggest 10,000 borrowers will benefit from Estia scheme
Eligible applications for the Estia debt-relief scheme are not expected to exceed 10,000, according to estimates from the labour ministry, which is involved in implementing...
House postpones crucial foreclosures vote despite top banker’s warnings (Update 2)
Parliament on Monday rejected one of two presidential vetoes relating to changes to foreclosures legislation, while voting to postpone voting on the other veto. In...
MoUs signed with banks ahead of Estia kick-off
The government on Friday signed a Memorandum of Understanding (MoU) with banks and credit buyers for the implementation of the Estia debt relief scheme, which...
President looking at foreclosures freeze after minister recommends veto
PRESIDENT Nicos Anastasiades was examining on Saturday, along with Finance Minister Harris Georgiades, the legislation approved by parliament on Friday to temporarily suspend foreclosures, the...
First steps taken in Estia debt relief scheme
The first steps have been taken to roll out the Estia debt relief scheme, although applications for the programme will not start until early September....
Opposition parties to decide Tuesday on proposal freezing repos
OPPOSITION parties will decide Tuesday whether to table to the House plenum this week a joint legislative proposal by which homeowners would be able to...
Edek proposes freezing all foreclosures
SOCIALIST Edek plans to table a legislative proposal freezing all repossessions by banks, ostensibly to protect vulnerable homeowners, despite assurances from the banking sector that...
MPs urged to delay vote on changes to foreclosure law
FINANCE minister Harris Georgiades as well as the banking industry urged lawmakers on Thursday to delay voting on proposed amendments to the foreclosures law, changes...
Georgiades expects around 15,000 to apply for Estia debt relief
Schemes to assist borrowers who will not be able to benefit from a current debt relief scheme for vulnerable homeowners will be decided after the...
Cabinet approves debt relief scheme for homeowners
The long-awaited debt relief scheme for vulnerable homeowners was approved by the cabinet on Wednesday and is expected to be fully implemented by the end...
Estia participants to face strict scrutiny
Loan takers who will benefit from the government Estia scheme to help repay their housing loans will be under strict scrutiny and face repossession in...
Final approval of Estia loan scheme expected in next two weeks
The green light for the Estia scheme to help home owners pay off loans is expected to be given in the next couple of weeks...
ESM’s chief economist calls for Cypriot prudence as external risks loom
By Gregois Savva Rolf Strauch, the European Stability Mechanism’s (ESM) chief economist called for the continuation of prudent economic policies and keeping fiscal buffers as...
