Georgiades still plans to resign by the end of the year
Finance Minister Harris Georgiades said on Tuesday he still planned to leave his post by the end of the year at a time decided by...
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Greek and Cypriot finance ministers discuss enhanced economic cooperation
Cyprus and Greece’s finance ministers Harris Georgiades and Christos Staikouras respectively on Monday announced enhanced cooperation on economic issues between the countries, following a meeting...
Public service unions call for dialogue on reforms
PUBLIC service unions on Friday called for dialogue with the government over reforms with some arguing that it was not completed while others saying they...
€2.5bn Russian loan repaid two years early
Cyprus has fully repaid a €2.5 billion loan from Russia, secured in 2011 by the previous administration, Finance Minister Harris Georgiades said on Monday. Georgiades...
Georgiades reminds borrowers that Estia scheme begins Monday
Finance Minister Harris Georgiades on Sunday urged any homeowners who believe they are eligible for the debt-relief scheme Estia to submit their applications as of...
Minister chides MPs over sloppy repo bill
Parliament’s enactment last week of a bill impacting foreclosure procedures was ‘sloppy’, Finance Minister Harris Georgiades said on Monday, hinting that the legislative proposal may...
MoUs signed with banks ahead of Estia kick-off
The government on Friday signed a Memorandum of Understanding (MoU) with banks and credit buyers for the implementation of the Estia debt relief scheme, which...
Edek proposes freezing all foreclosures
SOCIALIST Edek plans to table a legislative proposal freezing all repossessions by banks, ostensibly to protect vulnerable homeowners, despite assurances from the banking sector that...
Draft bill on blockchain to be ready by end of 2019
A draft bill to regulate blockchain technology in Cyprus is expected to be ready before the end of the year, as part of the National...
Economy entering ‘new promising period’ says Georgiades
The island’s economy has entered a new, promising period and the hardship suffered in previous years is history, Finance Minister Harris Georgiades said on Friday,...
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...
Georgiades expects around 15,000 to apply for Estia debt relief
Schemes to assist borrowers who will not be able to benefit from a current debt relief scheme for vulnerable homeowners will be decided after the...
Georgiades rejects notion air fares rose due to state-carrier’s closure
Cyprus Airways had been mismanaged and bankrupted by others after spending tens of millions in taxpayer money, Finance Minister Harris Georgiades said on Friday, rebutting...
Civil servants being ‘pushed to sue’ en masse over pay cuts, Georgiades says
Various law firms are soliciting civil servants, encouraging them to file class-action lawsuits against the state over the latter’s refusal to reimburse them for pay...
Final approval of Estia loan scheme expected in next two weeks
The green light for the Estia scheme to help home owners pay off loans is expected to be given in the next couple of weeks...
Bad debts will fall to single digits, finance minister predicts
The government aims to reduce bad debts to single digits, Finance Minister Harris Georgiades said on Wednesday, as the cabinet approved the strategic fiscal policy...
Cyprus has made ‘enormous progress’ on money-laundering clampdown
US Department of Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea on Friday praised Cyprus’ “enormous progress” on issues relating to anti-money laundering (AML). Billingslea...
Economy improving but difficult decisions remain says minister
The government aims to bring public debt below 90 per cent by the end of 2020 and reduce non-performing loans (NPLs) to single digits, Finance...
Cyprus mulls early repayment of Russian loan
Cyprus is considering an early repayment of part of a €2.5bn loan it obtained from Russia during the financial crisis, as its funding costs decline,...
We’ll resign if government resigns over Co-op, MPs tell Neophytou
Opposition parties said on Monday they would agree to dissolve parliament if the government also resigned, responding to ruling Disy leader Averof Neophytou’s challenge during...
