Troika officials unhappy with insolvency bills delay
By Elias Hazou A REPEAT of the foreclosures’ debacle may be on the cards with the so-called insolvency framework, which according to the bailout agreement
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Government wants to sell state land at will
By Angelos Anastasiou THE GOVERNMENT has submitted a bill to the House that would allow the cabinet to decide on the sale of state land
Opposition seeks new deal on MoU
By Elias Hazou THE HOUSE finance committee decided on Monday to table for discussion the possibility of renegotiating the memorandum of understanding (MoU) between Cyprus
‘Remarkable’ progress in adjustment programme
By Stefanos Evripidou CYPRUS HAS made “remarkable” progress in implementing its economic adjustment programme, said new German Ambassador Nikolai von Schoepff yesterday, heaping praise on
Sweeping changes planned for civil servants
By Angelos Anastasiou A GOVERNMENT-COMMISSIONED study by independent foreign experts evaluating the civil service proposes sweeping changes to civil servants’ working conditions, focusing on payroll,
Race against time for bankruptcies bill
By Elias Hazou GOVERNMENT technocrats and lawmakers will be racing against time to produce a first draft of an omnibus bankruptcies bill before international lenders
Troika focuses on NPL recovery in updated MoU
By Elias Hazou CYPRUS may still be deadlocked over the controversial foreclosures bill, but the troika of international lenders are already a step ahead with
Right to the wire on foreclosure bill
By Angelos Anastasiou FINANCE ministry officials remained in lengthy talks with the troika of international lenders on Monday over some of the controversial provisions that
Our View: DIKO-AKEL political gimmick could undermine reforms
DIKO LEADER Nicholas Papadopoulos has found an ingenious way to rebuild his party’s bridges with AKEL, with a view to future electoral alliances. He has
NPL management critical to restoring economy
DESPITE the robust programme implementation in Cyprus, risks remain to the stabilisation of the economy, with the greatest challenge lying with the health of the
Resolution Authority changes a headache for MPs
By Constantinos Psillides THE House Finance Committee yesterday began discussions on changes to the Resolution Authority, with main opposition party AKEL fuming that this was
‘The time for fun and games is over’
By Elias Hazou THE banking sector may have been saved from the brink, with the taxpayer footing the bill, but the trickiest part of overhauling
IMF experts in Cyprus to look at solvency laws
AN International Monetary Fund (IMF) team of experts is in Cyprus to scrutinise the island’s solvency law, reports said yesterday. The Cyprus News Agency said
Greens say central bankers must share austerity
THE GREEN party yesterday condemned the government’s move to submit bills to Parliament exempting the Central Bank (CB) from austerity measures freezing wages, promotions and
Cyprus and Total sign gas MoU (Updated)
By Elias Hazou CYPRUS and energy giant Total signed a memorandum of understanding (MoU) yesterday for the development of a natural gas liquefaction facility. The
Troika piles on the pressure for SGO sell-off, EAC union pledges to resist
By Elias Hazou AN Electricity Authority of Cyprus (EAC) trade union pledged yesterday to fight any attempt at privatising – either partially or in full-
Troika due next week for second review
A DELEGATION from Cyprus’ international lenders will be here next Tuesday for their second review of the island’s €10bn rescue package. Technocrats from the European
SGO sell-off coming soon
By Peter Stevenson THE GOVERNMENT will go ahead with the privatisation of semi-government organisations (SGOs) very soon because it is part of the Memorandum of
Mitigating the damage from troika MoU: a strategy for economic recovery, part 2
By Costas Apostolides In my first article of three on what a recovery plan for our economy should entail, I described the two steps that
‘Historic’ plan for water and electricity
By Stefanos Evripidou CYPRUS, ISRAEL and Greece will sign a “historic” memorandum of understanding (MOU) on energy and water issues today, paving the way for