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
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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
Finance minister to leave office at the end of the year (Updated)
Finance Minister Harris Georgiades said Friday he would be stepping down at the end of the year but denied it was because of the demining
Akel: government turning ‘black into white’ over Co-op collapse
The opposition kept up the pressure on Finance Minister Harris Georgiades on Wednesday with the leader of Akel demanding his resignation or dismissal over the
President stands by Finance Minister in co-op fracas (Update)
PRESIDENT Nicos Anastasiades on Thursday evening threw his weight behind his finance minister, dismissing calls for the minister’s removal following a damning report about the
Opposition parties call for Georgiades’ resignation over Co-op
Despite themselves being partially blamed in the Co-op inquiry for the bank’s collapse, political parties were quick to call on Wednesday for Finance Minister Harris
Co-op inquiry: Georgiades should have sacked ‘incompetent CEO’
Finance Minister Harris Georgiades was named as the main wrongdoer in the collapse of the Co-op bank, though the president, his cabinet and political parties
Georgiades hits back at being blamed for Co-op collapse
Hours after the release of the report which largely blamed him for the Co-op’s demise, Finance Minister Harris Georgiades hit back on Wednesday, saying political
State mulling appeal to civil servants’ returned bonuses
The state has not decided yet whether it would appeal a court judgement in favour of civil servants who challenged a decision to dock their
Cabinet approves changes to golden visa scheme (Updated)
The citizenship-by-investment scheme’s contribution to economic growth in the past three years was just 1.2 per cent of 13 percentage points, Finance Minister Harris Georgiades
AI will have ‘massive impact’ in coming years, Georgiades says
WITH 90 per cent of all jobs after 2020 requiring basic digital skills, and with the advent of artificial intelligence (AI), which is estimated to
Urgent need to reform Cyprus tax policy
By Les Manison A former finance ministry advisor writes an open letter to Finance Minister Harris Georgiades on the need to reform tax collection and
Reforms should be a national goal, FinMin tells parliament
Finance Minister Harris Georgiades urged parties Friday to back structural reforms and consider them a national goal that will change the country and maintain economic growth.
Georgiades asks how co-op was allowed to operate the way it did up to 2013
By Elias Hazou and George Psyllides The government never expected to recuperate the money it invested in the ailing co-operative bank, Finance Minister Harris Georgiades
State assistance averted deposit haircut at co-op, FinMin says
State assistance was granted to the co-op bank in 2013 to avert a haircut on deposits, Finance Minister Harris Georgiades told an inquiry into the
