#foreclosures

A motion to discuss a new freeze on home repossessions was defeated in parliament on Thursday, with the House deciding instead that a legislative proposal on the matter be tabled ...

By Elias Hazou and Andria Kades The House on Thursday voted against another extension to a freeze on property repossessions, the majority of MPs deciding to give the new government ...

Finance Minister Constantinos Petrides on Thursday warned credit-acquiring companies (CACs) not to proceed with foreclosing on properties where the borrower has applied for a government-sponsored debt relief scheme. In a ...

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 for consumers, households, businesses and ...

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 Nicolaou Resilience amidst adverse conditions ...

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 be published in the government ...

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 with by 37 MPs, while 15 MPs voted ...

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 the sale of mortgaged property until ...

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 said on Friday. “This is ...

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 ombudsman Pavlos Ioannou said on Monday. ...

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 the foreclosure freeze. Passed through ...

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 this. Petrides ...

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 banking industry not to. The ...

Foreclosures on first properties valued up to €350,000 will be postponed until the end of February 2023, the association of credit acquisition companies said on Thursday. It said the decision was taken ...

Parliament on Thursday decided to postpone a planned vote on a legislative proposal that, if passed, would have extended by three more months a freeze on property foreclosures. Voting on ...

President Nicos Anastasiades has filed a petition to the Supreme Court related to two laws concerning the reduction of VAT on fuel and electricity, following the opinion of the Attorney-general ...

President Nicos Anastasiades has refused to sign off on and has sent back to parliament three bills passed by the House recently – two relating to VAT on electricity and fuel, ...

It took a year and the danger of losing EU funding worth €85 million for the legislature to finally approve the two bills establishing a framework for the operation of companies ...

Disregarding warnings from the government and financial authorities, the House plenum on Thursday extended a freeze on property foreclosures to the end of October. The bill – amending the laws governing ...

A bill extending a freeze on property foreclosures to December may not go to the plenum for a vote this week, after it failed to garner the necessary consensus in ...

The supreme court has ruled that a bill passed by parliament last July extending a moratorium on foreclosures until the end of October 2021 was not unconstitutional and should therefore now ...

The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive conclusion of procedures within the Estia housing loan subsidy scheme, otherwise ...

This past week saw another episode in the long-running saga The ongoing tussle between the government camp and the opposition over freezing bank foreclosures has turned into a kabuki theatre ...

In a special plenary session on Tuesday, the House voted to reject President Nicos Anastasiades’ refusal to sign off on a bill that would renew a freeze on property foreclosures, ...