New debt relief plan comes into effect
Part of the new insolvency framework, ‘Personal repayment schemes and debt relief order’, which enables up to €25,000 in debt relief in some cases, has...
insolvency framework
All hinges on troika response to insolvency framework
By Elias Hazou ALTHOUGH the parties who voted through the insolvency framework hailed it on Monday as a measured package affording protection to distressed debtors,...
Cliff-hanger over insolvency vote
By Elias Hazou A cliff-hanger vote faces the government’s insolvency framework at the House today, where a possible split ballot could land Cyprus in more...
MPs may put banks at risk
By Elias Hazou FINANCIAL authorities are warning MPs that they could put Cyprus’ banks at risk by enacting legislation which stops in its tracks efforts...
Further delay for insolvency framework
By George Psyllides The five bills that make up the insolvency framework will not be heading to the plenum on Thursday as more time is...
‘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...
Finance Minister expresses optimism for foreclosures & insolvency bills
Finance Minister Harris Georgiades expressed on Sunday his optimism that the House of Representatives would pass the five bills pertaining to the insolvency framework and...
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,...
MPs vote to delay foreclosures to March 19
By Elias Hazou WITH the support of ruling DISY, parliament on Thursday passed a law suspending anew the enforcement of foreclosures legislation, this time to...
Cabinet gives the nod to fourth insolvency bill
By Elias Hazou THE Cabinet yesterday gave the nod to the fourth of five government bills comprising a package of bankruptcy-related legislation. Collectively known as...
Opposition stands firm over repossessions
By Elias Hazou DESPITE presidential calls on them to water their wine, the opposition parties stuck to their guns on Monday, insisting that legislation governing...
MPs to override President’s veto on foreclosures
By Angelos Anastasiou OPPOSITION parties are expected to override President Nicos Anastasiades’ veto of an amendment they passed, which pushes the implementation of tougher foreclosures...
Watchdog says fiscal success may lead to spending pressure
By Stelios Orphanides CYPRUS’ prospects to fiscal adjustment may face challenges, stemming from a possible return to expansive fiscal policies, a possible failure to adhere...
Palace powwow on foreclosures
By Elias Hazou THE President will today make what may prove to be a last-ditch bid to coax the opposition into changing their minds and...