Estia Archives - Cyprus Mail

President looking at foreclosures freeze after minister recommends veto

Lizzy IoannidouJuly 13, 2019

By Lizzy IoannidouJuly 13, 20190996

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

Cyprus

First steps taken in Estia debt relief scheme

Staff ReporterJuly 9, 2019

By Staff ReporterJuly 9, 20190599

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.

Cyprus

Opposition parties to decide Tuesday on proposal freezing repos

Staff ReporterJuly 9, 2019July 8, 2019

By Staff ReporterJuly 9, 2019July 8, 20190833

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

Cyprus

Edek proposes freezing all foreclosures

Staff ReporterJuly 5, 2019July 5, 2019

By Staff ReporterJuly 5, 2019July 5, 201901153

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

Cyprus

MPs urged to delay vote on changes to foreclosure law

Staff ReporterJune 28, 2019June 27, 2019

By Staff ReporterJune 28, 2019June 27, 20190497

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

Cyprus

Georgiades expects around 15,000 to apply for Estia debt relief

George PsyllidesJune 27, 2019

By George PsyllidesJune 27, 20190437

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

Business

Cabinet approves debt relief scheme for homeowners

George PsyllidesJune 26, 2019June 26, 2019

By George PsyllidesJune 26, 2019June 26, 201901729

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

Cyprus

Estia participants to face strict scrutiny

Evie AndreouJune 11, 2019

By Evie AndreouJune 11, 20190341

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

Cyprus

Final approval of Estia loan scheme expected in next two weeks

Katy TurnerJune 2, 2019

By Katy TurnerJune 2, 20190473

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

Business

ESM’s chief economist calls for Cypriot prudence as external risks loom

CNA News ServiceMay 27, 2019May 27, 2019

By CNA News ServiceMay 27, 2019May 27, 20190761

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

Business

DBRS confirms Cyprus at BBB (low), Stable Trend

Staff ReporterMay 18, 2019May 20, 2019

By Staff ReporterMay 18, 2019May 20, 20190554

DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low). At the same time, DBRS confirmed Cyprus’

Cyprus

Risks seen from Gesy, public wage bill

George PsyllidesMarch 22, 2019

By George PsyllidesMarch 22, 2019032

DESPITE ITS strong growth, the Cypriot economy still has key vulnerabilities, like the high level of bad debts, which could be compounded by the worsening

Cyprus

2,000 borrowers at housing finance corporation could meet Estia criteria

George PsyllidesFebruary 8, 2019February 8, 2019

By George PsyllidesFebruary 8, 2019February 8, 2019035

Some €200m in non-performing exposures (NPE) at the Housing Finance Corporation are expected to be placed under a government debt relief scheme for vulnerable homeowners,

Cyprus

MPs green light first batch of Estia funds

Elias HazouJanuary 21, 2019

By Elias HazouJanuary 21, 2019055

Legislators on Monday gave the nod to the release of the first €33m in taxpayers’ money to fund the ‘Estia’ debt-relief scheme for vulnerable

Cyprus

Opposition parties slam Estia scheme

Staff ReporterJanuary 7, 2019

By Staff ReporterJanuary 7, 2019083

Opposition parties on Monday criticised the government’s Estia scheme for not offering any support to vulnerable groups of citizens that did not have the incomes

Cyprus

2019, a ‘pivotal year’ for Cyprus says Anastasiades

Elias HazouDecember 31, 2018December 31, 2018

By Elias HazouDecember 31, 2018December 31, 2018095

President Nicos Anastasiades on Monday laid out an ambitious to-do checklist for his administration for 2019, promising reform in government while assuring both communities of

Cyprus

Economy set to grow around over 3 per cent a year by 2021, CBC says

CNA News ServiceDecember 22, 2018

By CNA News ServiceDecember 22, 2018031

The government will continue to strengthen and deepen the current positive economic growth spokesman Prodromos Prodromou said on Saturday, after the Central Bank of Cyprus

Cyprus

Budget passes: 30 votes in favour to 24 against

Lizzy IoannidouDecember 14, 2018

By Lizzy IoannidouDecember 14, 2018046

By Lizzy Ioannidou THE state budget for 2019 was approved on Friday night with 30 votes in favour and 24 against, with MPs across all

Cyprus

Bumpy ride for government’s Estia scheme in House

Elias HazouDecember 10, 2018

By Elias HazouDecember 10, 2018052

Opposition parties said on Monday they intend to ‘cross’ the funds in the 2019 budget earmarked for the controversial Estia debt relief scheme when the

Property

Estia green light from Brussels, not considered ‘state aid’

Jean ChristouDecember 3, 2018December 3, 2018

By Jean ChristouDecember 3, 2018December 3, 2018092

The European Commission on Monday approved, under EU state aid rules, Cyprus’ controversial Estia scheme to support private households and small businesses that have