Banks and credit buyout companies are likely to extend the freeze on foreclosures of primary homes valued up to €350,000, as they have accepted the Ministry of Finance’s call in principle. Online
Under the fear of an increase in Non-Performing Loans, as the European Central Bank continues to push interest rates up, a heated debate is brewing over the right of defaulted borrowers to
Cypriots will see energy costs rise overnight when a freeze on consumer tax on fuel and a government subsidy on electricity bills expire at the end of June. The relief measures introduced
The House on Thursday passed an extension to freeze the consumption tax imposed on fuel, correcting a costly political error which pushed up petrol prices by 10 cents per litre for two
Finance Minister Constantinos Petrides has lashed out at the House’s decision to extend a freeze on foreclosures until the end of January, warning of dire economic consequences. In his latest attempt to
Finance Minister Constantinos Petrides expressed the government’s disappointment at parliament’s decision to freeze property foreclosures until the end of October, despite repeated warnings. On Thursday, MPs amended laws governing the transfer and
A cold front called Elpis will continue to affect the island until Thursday, bringing more snow, much to the delight of excursionists, but also prolonged thunderstorms. Since Saturday, the low-pressure weather system
The Cyprus Banks Association announced Thursday they would extend the freeze on foreclosures of primary homes introduced during the first COVID-19 lockdown. The freeze involves properties which are registered as the owner’s
Seeking validation as a useful ally to Washington comes with strings attached in a volatile region where Turkey is ready to pounce and Russia is like a bear with a sore head.
Cyprus’ Citizenship for Investment Scheme should be suspended until a consensus is found among the political leadership on whether it has a future, said House Speaker Demetris Syllouris on Monday. He will
