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/cyprus-exits-enhanced-surveillance-ten-years-after-financial-crisis
Ten years after the financial crisis Cyprus has exited the European Commission’s excessive imbalances procedure (EIP), on the basis of EU documents issued under the spring package of the 2023 European Semester...
https://knews.kathimerini.com.cy/en/news/eu-official-calls-on-cyprus-to-implement-recovery-plan-or-lose-funding
A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....
https://knews.kathimerini.com.cy/en/news/cyprus-experiencing-excessive-macroeconomic-imbalances
The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....
