Finance minister hopeful of foreclosure solution
FINANCE Minister Harris Georgiades said on Saturday he was hopeful of a final settlement regarding the foreclosures law, saying that April 2 should be the...
foreclosures
House extends suspension of foreclosures (again)
By Elias Hazou BY unanimous vote, parliament on Thursday extended yet again the suspension of foreclosures on mortgaged properties. The freeze on the foreclosures law...
‘We must move from austerity to prosperity,’ says Hourican
By Staff reporter THE agenda must move from austerity to prosperity, Bank of Cyprus CEO John Hourican said yesterday, to create a future for the...
‘Without mechanism NPLs would take ten years to deal with’ – FT
Without legislation to recoup non-performing loans, it will take ten years to deal with the extent of bad loans at the island’s banks, according to...
DISY attempts to allay foreclosure fears
By George Psyllides RULING DISY is prepared to submit a bill to exempt primary residences from foreclosure until April 3 pending discussion of the fifth...
Cyprus seeks distance from Greek euro drama
By John O’Donnell and Michele Kambas Doubts over Greece’s future membership of the euro are straining its historic kinship with Cyprus, as Nicosia distances itself from Athens to try to secure its foothold in...
Parliament urges foreclosure exemption for buyers without title deeds
By George Psyllides Parliament urged the government on Wednesday to find a solution for people who bought houses from insolvent developers without acquiring title deeds...
‘Foreclosures deadlock has led to missed opportunities’
Overcoming the deadlock relating to the suspension of foreclosures legislation could expedite Cyprus’ return to international bond markets, while the status quo has already translated...
Opposition parties continue to voice reservations over insolvency bill (Updated)
By Angelos Anastasiou Despite the critical breakthrough made on foreclosures legislation on Friday, when the cabinet approved the fifth and final bill comprising the insolvency...
Government optimistic that insolvency framework will pass
The government is optimistic that the House will pass the insolvency framework after the fifth and final bill was approved by the cabinet on Friday,...
