Borrowers association demands immediate relief measures
The Association for the Protection of Borrowers (Syprodat) on Wednesday released a statement calling on the government to draw up and implement immediate relief measures...
foreclosures
Cyprus economy in 2022: the year in review
The outgoing year saw a number of key events in Cyprus’ economy and business world, ranging from domestic legislation to influential international incidents By Kyriacos...
Anastasiades signs foreclosure law
President Nicos Anastasiades on Thursday signed the foreclosures law, almost two weeks after he referred it back to parliament. Signing the law means it will...
House rejects president’s veto of foreclosures’ freeze
Parliament on Friday rejected President Nicos Anastasiades motion to recall a bill putting a freeze on foreclosures until January 2023. The presidential veto was rejected...
President sends back foreclosures law, says it rewards loan defaulters
President Nicos Anastasiades on Friday referred the amended foreclosure law back to parliament on Friday, after lawmakers on November 10 passed the law to suspend...
Foreclosures freeze ‘tragic for the country’ BoC chief warns
Parliament’s decision to extend foreclose freezes until January 2023 is “ridiculous” and exposes Cyprus for no reason, Bank of Cyprus group chief executive Panicos Nicolaou...
Finance watchdog queries foreclosures law
The law passed last week by the House set to freeze foreclosures until the end of January 2023 has a slew of interpretive issues, financial...
Anastasiades to seek AG advice on foreclosures freeze constitutionality
President Nicos Anastasiades said on Sunday he would require the opinion of the attorney general (AG), on how to proceed with the law on extending...
Petrides warns MPs of consequences from new freeze on foreclosures
Finance Minister Constantinos Petrides on Friday slammed parliament’s decision to extend the foreclosures freeze, saying it ignored both the government’s and central bank’s warnings against...
House extends foreclosures freeze
The House on Thursday voted to again extend a freeze on the repossession of certain categories of properties, despite warnings from the government and the...
