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
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Georgiades says pressure intense to reform NPL laws
The finance minister said that Cyprus is under ‘intense pressure’ created by an increasingly strict banking supervisory framework to once more modernise its insolvency and
Finance minister defends public pay rises
Finance minister Harris Georgiades on Monday defended the government’s decision to gradually restore civil servants’ salaries to 2011 levels – when the first cuts were
Talks mired as buyers ask taxpayers to foot Co-op bill, reports
By Stelios Orphanides Cypriot taxpayers may have to foot a bill of up to €600m in order to allow the government to successfully complete the
Auditor-general asks finance minister to explain co-op stock donation
Auditor-general Odysseas Michaelides has asked the finance minister to explain the cabinet’s decision to handover Cooperative Central Bank stock to individual depositors and borrowers, the
Hiring freeze to be decided on this month, Georgiades says
The government plans to introduce a proposal for an indefinite hiring freeze in the public sector sometime in January, Finance Minister Harris Georgiades told state
Government mulls extending hiring freeze to offset reform setback
The government is considering an indefinite extension of the hiring freeze in the civil service imposed as part of fiscal consolidation efforts four years ago,
Eurogroup to discuss solution cost, meeting important Georgiades says
The government expects the involvement of all European institutions, including the Eurogroup, in a possible solution of the Cyprus problem, said Sunday Finance Minister Harris
Georgiades slams populism – to which his government (often) succumbs
By Stelios Orphanides Finance Minister Harris Georgiades said that economic policy makers need to counter the rise of rising populism by designing policies that benefit
Georgiades: inconceivable to oppose solution on financial grounds
It would be inconceivable to oppose a Cyprus solution on the grounds of financial difficulties, Finance Minister Harris Georgiades has said, adding that would be
Time running out for reforming civil service, finance minister says (Updated)
Finance Minister Harris Georgiades on Monday warned that Cyprus was risking public finances getting out of hand yet again because the delay in pushing
Quick action key to overcoming fiscal challenges, Georgiades says
Finance Minister Harris Georgiades has stressed the importance of quick policy action response in addressing fiscal challenges. In statements to the press, the minister was
Smelly bins, pickets plague France on eve of Euro 2016 kickoff (Update 2)
As the stench of rotten, uncleared garbage wafts through parts of Paris and pilots prepare to strike, French President Francois Hollande said he would do
Georgiades will try to win over new House finance committee to help push reforms
Finance Minister Harris Georgiades was quoted on Sunday as saying he would be doing his best to win over the new House finance committee so
Georgiades hits back at AKEL’s “provocative” criticism
Finance Minister Harris Georgiades dismissed criticism by AKEL on the government’s economic policy and its demand that the latter should give up the “painful austerity”
Economic benefits will be passed on to the taxpayer, Georgiades says
THE government will pass on to taxpayers any benefits deriving from the recovery of the economy, Finance Minister Harris Georgiades said on Monday. “If we
Finance ministry to project 2.2% growth for 2016
By Thanasis Gavos THE Cyprus economy will grow at a rate of 2.2% of GDP in the current year, the ministry of finance is to
Q4 growth picks as yields continue to rise
By Stelios Orphanides Cyprus’s economy grew a preliminary 0.4 per cent in the fourth quarter of 2015 compared to the previous quarter, and an annual
Troika wants less talk, more action before releasing next tranche (Update-1)
By Stelios Orphanides A day after international creditors signalled that they want to see progress in the implementation of reforms in at least three areas
Budget: Georgiades says no new taxes (Update 2)
By Stelios Orphanides The council of ministers approved the 2016 budget today which aims at eliminating fiscal deficit and consolidating growth at a satisfactory rate