Foreclosures row could now end up in Supreme Court
President Nicos Anastasiades on Tuesday informed parliament that the two bills recently passed amending foreclosures legislation have been found to be unconstitutional as both he...
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Finance Minister expresses optimism for foreclosures & insolvency bills
Finance Minister Harris Georgiades expressed on Sunday his optimism that the House of Representatives would pass the five bills pertaining to the insolvency framework and...
MPs vote to delay foreclosures to March 19
PARLIAMENT on Thursday passed another law suspending the enforcement of foreclosures until March 19. The vote was 30 for, 19 against, and one abstention. The...
Our View: Theatre over foreclosures has gone on for far too long
IT APPEARS that the foreclosures saga that has been dragging on since last August could be heading for its final act at the next session...
‘Cyprus will fulfil bailout conditions’
By Stelios Orphanides CYPRUS will overcome the current foreclosure impasse and fulfil bailout terms agreed with international creditors during the financing period, economists interviewed by...
Optimism for nod to fifth insolvency bill
By Elias Hazou THE government is optimistic that the troika of lenders will in the next few days give the nod to the fifth and...
Troika teams leave empty-handed as minister urges to get back on track
By Angelos Anastasiou AMIDST fears that a renewed suspension of the foreclosures law by parliament could pose risks similar to those currently faced by Greece,...
Stalemate over guarantors of bad loans
By Elias Hazou THE TROIKA of international lenders and political parties on Thursday failed to reach a consensus on the thorny issue of guarantors to...
MPs defiant on foreclosures law
By Elias Hazou AFTER A heated debate in the House, opposition parties on Thursday again decided to throw caution to the wind by suspending for...
Foreclosures bill reaches new stalemate, EC says Cyprus not compliant
By Elias Hazou PARLIAMENT on Thursday upheld a bill suspending the foreclosures law until the end of the month, despite government appeals to avoid actions...
Parliament upholds foreclosures suspension
Parliament on Thursday upheld a bill suspending the foreclosures law until the end of the month, despite government appeals to avoid actions that could hurt...
Final bill of insolvency package ready
By Staff Reporter THE last bill of the insolvency package is ready and it is in the hands of the Troika for scrutiny, Finance minister...
Repossessions bills remain a threat to troika funds
By Elias Hazou THE BANKRUPT government was expected on Monday to cash in the sixth bailout tranche from international creditors, seemingly putting behind it concerns...
‘Trick the troika’ plan won’t derail foreclosures
By Elias Hazou EVEN if opposition parties were to push through parliament legislation suspending implementation of foreclosures this would likely not derail the release of...
Georgiades warns parties not to disrupt foreclosures train
By George Psyllides FINANCE Minister Harris Georgiades warned parties yesterday to avoid disrupting the island’s bailout programme by passing legislation that was incompatible with the...
Our View: AKEL foreclosures bill astonishing and could lead to financial collapse
IT IS ASTONISHING, after everything that has happened in the last few months, AKEL tabled a bill with the sole purpose of suspending the implementation...
AKEL moves to suspend foreclosures law
By George Psyllides MAIN opposition AKEL has tabled a proposal to suspend the law on foreclosures until the end of June 2015 as other parties...
Final draft of insolvency package sent to parties
By Evie Andreou THE final draft of the six bills concerning the insolvency framework has been sent by the finance ministry to all the political...
House prepares for marathon state budget discussions
By Angelos Anastasiou DISCUSSION of the government budget for 2015 will commence at Friday’s House finance committee session, in the presence of Finance Minister Harris...
IMF: how do you plan to proceed?
By George Psyllides THE government said yesterday it was doing its best to limit any fallout from the foreclosures debacle as the Eurogroup meets today...