Parliament passes bill to create fund for depositors affected by 2013 crisis
Parliament passed a bill on Friday to create a solidarity fund for depositors and bondholders affected by the bank haircut in 2013. The bill was...
Solidarity fund
Fund to help Laiki depositors to be voted this week
The bill establishing a Solidarity Fund will be brought to the House plenum by the end of the week, MPs said on Tuesday. “One way...
Potential snags over who will benefit from Laiki haircut relief
Complications surfaced on Monday concerning the Solidarity Fund, the stated purpose of which is to provide relief to legacy Laiki depositors and bank bondholders whose...
Changes to fund will limit relief to 2013 banking crisis victims
The government on Monday presented a bill amending the purpose of the law governing the operation of the Solidarity Fund, so that its objective is...
EU approves aid to tackle fire aftermath, drought
The European Commission decided on Friday to grant Cyprus close to €730,000 from the EU Solidarity Fund, as an advance payment following the island’s request...
Solidarity funds fail to drum up support
By Angelos Anastasiou TWO solidarity funds created by the House last March, to recapitalise banks and avoid the haircut on deposits, and last January, to...
Bank pay talks hit deadlock
By Elias Hazou Collective bargaining talks in the commercial banking sector are deadlocked, with the employers side appealing to the labour ministry for mediation. The...
House passes law limiting the use of limos to a handful of state and public officials
By Elias Hazou THE HOUSE yesterday passed a generic law limiting the use of limos to a handful of state and public officials, but left...
Solidarity fund proposal remains vague
LEGISLATION governing the creation of a solidarity fund will be discussed by the House plenum on Thursday although it does not as yet specify how...
Our View: So-called solidarity fund just another name for rusfeti
MUCH HAS been written and said about the ridiculous ‘solidarity fund’ set up by Demetris Christofias, a couple of months after his election, in...
Georghadji: I knew nothing about a solidarity fund
By George Psyllides THE auditor-general did not know of the existence of a solidarity fund set up by former president Demetris Christofias in 2008 until...
Former president won’t appear before House over fund
Parliament will look into the former president’s solidarity fund, but Demetris Christofias will not have to appear before the Watchdog Committee, House President Yiannakis Omirou...