https://knews.kathimerini.com.cy/en/news/multinational-cooperation-shines-in-cyprus-argonaut-2024-exercise
In a significant milestone today, the ''Argonaut 2024'' exercise concluded successfully, meeting the objectives outlined by the Minister of Defense. ...
https://knews.kathimerini.com.cy/en/news/uk-and-cyprus-to-strengthen-global-collaboration
The UK Foreign, Commonwealth and Development Office Director General for Europe, Peter Wilson and the Republic of Cyprus Ministry of Foreign Affairs Permanent Secretary, Kyriacos Kouros chaired the first annual review of the UK-Cyprus Memorandum of Understanding....
https://knews.kathimerini.com.cy/en/news/mortgage-to-rent-scheme-sparks-overwhelming-interest-as-call-centers-inundated
In a significant response to the newly launched 'Mortgage to Rent' Scheme by the implementing agency, KEDIPES, the service center has been inundated with hundreds of calls since the official commencement of the initiative today....
https://knews.kathimerini.com.cy/en/news/cyprus-races-to-accommodate-migrants-at-pournara
In response to the escalating conflict in the Middle East, the Republic of Cyprus has submitted a formal request for assistance to the European Union....
https://knews.kathimerini.com.cy/en/news/cyprus-gears-up-for-potential-middle-east-evacuations-of-over-100-000-people
Cyprus is actively preparing for potential large-scale evacuations of citizens from various nationalities in the Middle East, particularly Israel, Lebanon, and the broader region, following the recent conflict outbreak in the Middle East. ...
https://knews.kathimerini.com.cy/en/news/kedipes-prepares-60-million-euro-mortgage-to-rent-initiative
The sale of primary residences worth up to 350 thousand euros faces a potential new suspension. As of the end of October, no additional steps have been taken regarding divestments....
https://knews.kathimerini.com.cy/en/news/over-1-000-arrivals-in-cyprus-as-estia-national-plan-activated
A total of 1,084 people from Europe and other countries have arrived in Cyprus since the activation of the Special National Plan ''Estia'' until 12 noon on Tuesday, the Ministry of Foreign Affairs said in a statement....
https://knews.kathimerini.com.cy/en/news/portugal-and-austria-airlift-citizens-from-israel-to-cyprus
Approximately 160 individuals were transported from Israel to Cyprus throughout yesterday and today using a C-130 aircraft operated by the Portuguese Air Force....
https://knews.kathimerini.com.cy/en/news/estia-plan-activated-for-foreign-nationals-in-israel-crisis
Cyprus has decided to activate the national ESTIA plan for the reception and repatriation of foreign citizens following the situation in Israel....
https://knews.kathimerini.com.cy/en/news/135-debt-reduction-sparks-hope-for-economy
According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...
https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation
The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...
https://knews.kathimerini.com.cy/en/news/applications-open-for-rent-in-exchange-program
"The submission of applications for the 'Rent in Exchange for Installment' program will begin in October," said Ioanna Markidou, Chief Economist A' at the Ministry of Finance, in a statement to CNA....
https://knews.kathimerini.com.cy/en/news/relief-for-vulnerable-households-with-non-performing-loans
The ''Rent vs Instalment Scheme'' was approved by the Council of Ministers today, as announced by Government Spokesperson Konstantinos Letymbiotis following the conclusion of the Council. The European Commission's Directorate General for Competition also granted approval on July 6....
https://knews.kathimerini.com.cy/en/news/the-government-s-seven-proposals-for-vulnerable-individuals
Finance Minister Makis Keravnos submitted seven government actions aimed at addressing issues related to non-performing loans to Parliament yesterday....
https://knews.kathimerini.com.cy/en/news/new-plan-to-safeguard-vulnerable-groups-homes-nears-approval
The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...
https://knews.kathimerini.com.cy/en/news/an-effective-foreclosure-framework-is-important-says-finmin
An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....
https://knews.kathimerini.com.cy/en/news/british-expertise-on-the-table-as-leo-docherty-speaks-to-kathimerini
In an interview with "K" newspaper, Leo Docherty, the British Minister for Europe, highlighted the British commitment to closer collaboration, emphasizing the range of areas where British expertise and cooperation can contribute to addressing issues such as combating illegal financing and exploring support structures for enforcement or addressing potential sanctions evasion. ...
https://knews.kathimerini.com.cy/en/news/last-cypriot-citizen-arrives-from-sudan-by-plane-while-others-travel-by-car-to-egypt
The last Cypriot citizen arrived from Sudan by plane late on Wednesday evening while the arrival of seven people who were traveling to Egypt by car is also expected,...
https://knews.kathimerini.com.cy/en/news/nicosia-wants-to-keep-it-up-for-sudan
Cyprus Republic stands ready to continue to provide assistance to foreign countries for the evacuation of their citizens from Sudan, FM Constantinos Kombos said Wednesday, pointing out that once again Cyprus is proved to be a safe harbor in the region...
https://knews.kathimerini.com.cy/en/news/first-flight-from-sudan-welcomed-by-foreign-minister
The first flight that arrived from Sudan to Larnaca was welcomed on Tuesday evening by the Minister of Foreign Affairs, Constantinos Kombos....
https://knews.kathimerini.com.cy/en/news/cyprus-to-become-transfer-hub-for-people-fleeing-sudan
The Republic of Cyprus activated its ESTIA Special National Plan to receive and repatriate foreign citizens from crisis areas through its territory, according to a press release from the Foreign Ministry....
https://knews.kathimerini.com.cy/en/news/cypriots-stuck-in-sudan-as-evacuations-turn-dangerous
Greek commandos are part of a mission to Egypt which will include the evacuation of Cypriot citizens in Sudan, where humanitarian convoys organized by western countries are under the threat of attacks...
https://knews.kathimerini.com.cy/en/news/former-cyprus-president-denies-allegations-of-greek-interference
Former President of the Republic of Cyprus, Nicos Anastasiades, has denied allegations that Greek Prime Minister K. Mitsotakis interfered in the political decisions of Cyprus. ...
https://knews.kathimerini.com.cy/en/business/who-benefits-from-the-proposed-rent-to-mortgage-scheme
The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...
https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-the-repeal-of-foreclosure-suspension
The Ministry of Finance proposes delaying the law on divestiture suspension.
...
https://knews.kathimerini.com.cy/en/news/64-of-distressed-state-loans-eligible-for-oikia-scheme
The applications for the Oikia scheme for distressed borrowers have reached 64% of the total eligible loans, according to the Housing Finance Corporation. In total, 1,223 applications, valued at €115m have been submitted, out of 1,948 eligible loans, valued at €179m....
https://knews.kathimerini.com.cy/en/news/rejected-estia-applications-to-be-re-examined-upon-appeal
The number of applications approved for participation in the Restructuring Scheme “Estia” has increased, reaching 1,049. At the same time, appeals for 881 applications that were denied will be re-examined compared to only 543 last March....
https://knews.kathimerini.com.cy/en/business/foreclosures-suspended-until-the-end-of-october-2022
The Cyprus Parliament on Thursday passed a bill suspending foreclosures until the end of October,...
https://knews.kathimerini.com.cy/en/news/housing-projects-to-be-funded-from-casino-revenue
CLDC plans to build more than 800 housing units in the coming years, which will be allocated either through the affordable housing plan or through the new affordable rent plan for economically vulnerable households....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-to-reduce-costs
The President of the European Banking Authority speaks to "K"...
