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14 July, 2024
 

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Displaying results 1-30 of 105 matches for query Foreclosure.

1. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

2. Foreclosure fate tied to 'Mortgage-to-Rent' scheme

https://knews.kathimerini.com.cy/en/news/foreclosure-fate-tied-to-mortgage-to-rent-scheme

Cyprus' parliament has given the green light to a groundbreaking law aimed at empowering homeowners and offering relief in the face of mortgage challenges....

3. Christodoulides' strong message: Ignore sirens, focus on governance

https://knews.kathimerini.com.cy/en/news/christodoulides-strong-message-ignore-sirens-focus-on-governance

The swearing-in and assumption of duties of the new ministers and officials of the government took place today (10/01), at the Presidential Palace....

4. President announces imminent cabinet reshuffle within 18 months

https://knews.kathimerini.com.cy/en/news/president-announces-imminent-cabinet-reshuffle-within-18-months

A Cabinet reshuffle will take place before the completion of 18 months of governance, President Nikos Christodoulides said in an interview on Sunday with the newspaper "Phileleftheros", noting that decisions will be taken on the basis of his own assessment and the messages he receives from the society....

5. Parliament approves measures for NPLs and foreclosures framework

https://knews.kathimerini.com.cy/en/news/parliament-approves-measures-for-npls-and-foreclosures-framework

Cyprus' Finance Ministry has expressed satisfaction with the parliament's approval of laws integral to the comprehensive package for managing Non-Performing Loans (NPLs) and the foreclosure framework....

6. Critical battle looms as Parliament debates foreclosure legislation

https://knews.kathimerini.com.cy/en/news/critical-battle-looms-as-parliament-debates-foreclosure-legislation

Background consultations are in progress to prepare amendments to the legislative package on divestments, set for submission to the Parliament Plenary on Friday for a vote....

7. Foreclosure showdown escalates with parliament vote

https://knews.kathimerini.com.cy/en/news/foreclosure-showdown-escalates-with-parliament-vote

The Greek government is set to present legislation in Parliament this Friday addressing borrower protection in relation to foreclosures....

8. Cyprus gets BBB+ boost in latest ratings, but challenges persist

https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

9. Hellenic Bank rakes in €240.7M in 2023's first 9 months

https://knews.kathimerini.com.cy/en/news/hellenic-bank-rakes-in-€240-7m-in-2023-s-first-9-months

Hellenic Bank announced on Tuesday a profit of €240.7 million for the first 9 months of 2023....

10. Creditors dispute foreclosure laws and strategic defaults

https://knews.kathimerini.com.cy/en/news/creditors-dispute-foreclosure-laws-and-strategic-defaults

Creditors reluctantly agree to extend the freeze on main residence foreclosures up to €350k, but tensions arise over proposed legislative changes....

11. Eurozone economic snapshot - November 13, 2023

https://knews.kathimerini.com.cy/en/business/eurozone-economic-snapshot-november-13-2023

Inflation in the Eurozone, which stood at 10.6% in October 2022, has decreased to 2.9% in October 2023, sparking optimism among central bankers....

12. Cyprus banks bracing for profit squeeze according to Moody's

https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s

Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....

13. Will foreclosures plague 2023?

https://knews.kathimerini.com.cy/en/news/will-foreclosures-plague-2023

There is a race against time, with only a few weeks left to address the issue of foreclosures and enhance the framework....

14. No foreclosures on first homes until the end of 2023

https://knews.kathimerini.com.cy/en/news/no-foreclosures-on-first-homes-until-the-end-of-2023

In a development concerning foreclosures, four months after the summer 2023 decisions, the data remains unchanged. Banks and credit redemption companies have been urged to provide a two-month grace period for first homes and properties up to 350 thousand euros. ...

15. Freeze on home foreclosures likely to continue

https://knews.kathimerini.com.cy/en/news/freeze-on-home-foreclosures-likely-to-continue

As the year comes to a close, it seems likely that the freeze on foreclosures of primary homes valued up to €350k will be extended....

16. Key economic issues dominate the headlines

https://knews.kathimerini.com.cy/en/news/key-economic-issues-dominate-the-headlines

Despite various actions taken and a decrease in inflation, there are worries about the central bank's ability to achieve its goals. Some experts suggest that the target of 2% price growth, ...

17. KEDIPES calls for stability in foreclosure framework to safeguard borrowers' homes

https://knews.kathimerini.com.cy/en/business/kedipes-calls-for-stability-in-foreclosure-framework-to-safeguard-borrowers-homes

Lambros Papadopoulos, Chairman of the Board of Directors of KEDIPES (Cyprus Asset Management Company), emphasized the importance of maintaining consistency in the 2018 divestment framework within the Parliament....

18. Suspense builds as foreclosure deadline nears, and creditors seek solutions

https://knews.kathimerini.com.cy/en/news/suspense-builds-as-foreclosure-deadline-nears-and-creditors-seek-solutions

Cyprus is nearing the end of the suspension of divestments of primary residences worth up to 350 thousand euros, but a solution remains elusive regarding open funds tied to the divestment framework. ...

19. ECB keeps watchful eye on non-performing loans

https://knews.kathimerini.com.cy/en/business/ecb-keeps-watchful-eye-on-non-performing-loans

The European Central Bank (ECB) is closely monitoring non-performing loans (NPLs) and related legislation, including the divestment framework. ...

20. NPL crisis highlights tug of war between borrowers and legislation

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. ...

21. Cyprus Parliament rejects bills on borrowers' rights

https://knews.kathimerini.com.cy/en/news/cyprus-parliament-rejects-bills-on-borrowers-rights

The Cyprus Parliament voted against two non-government bills regarding borrowers' rights on Thursday, disregarding warnings from the government and the Central Bank about potential threats to the stability of the financial sector....

22. Relief for vulnerable households with non-performing loans

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....

23. Proposed foreclosure reforms spark debate in Cyprus

https://knews.kathimerini.com.cy/en/news/proposed-foreclosure-reforms-spark-debate-in-cyprus

Three proposals will be discussed at the last Plenary Session of the House of Representatives before the summer recess, along with three scenarios regarding the outcome of the foreclosure framework....

24. Cypriot economy on the brink, says Finance Minister

https://knews.kathimerini.com.cy/en/news/cypriot-economy-on-the-brink-says-finance-minister

During his address to the House of Representatives and following his presentation to the Parliamentary Finance Committee on the government's comprehensive package of seven measures for addressing foreclosure issues, ...

25. Contentious foreclosure legislation sparks debate in Parliament

https://knews.kathimerini.com.cy/en/news/contentious-foreclosure-legislation-sparks-debate-in-parliament

The issue of foreclosures remains unresolved and will be the focal point of the upcoming plenary session on Thursday, July 13. ...

26. Parliament approves foreclosure law

https://knews.kathimerini.com.cy/en/news/parliament-approves-foreclosure-law

A significant mobilization by the Government and the Central Bank of Cyprus took place this week regarding the framework of foreclosures, primarily to withdraw the "problematic" proposal that, according to the state and banks, would have negative consequences for the Cypriot economy....

27. The government's seven proposals for vulnerable individuals

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....

28. Parliament to vote on law for borrowers' foreclosure appeal

https://knews.kathimerini.com.cy/en/news/parliament-to-vote-on-law-for-borrowers-foreclosure-appeal

The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...

29. President proposes measures to address foreclosure

https://knews.kathimerini.com.cy/en/news/president-proposes-measures-to-address-foreclosure

During the International Investment Awards ceremony held by Invest Cyprus, President Nikos Christodoulides delivered a speech addressing the issue of foreclosures and their impact on the economy. ...

30. President urges solution as foreclosure laws vote approaches

https://knews.kathimerini.com.cy/en/news/president-urges-solution-as-foreclosure-laws-vote-approaches

Cyprus is heading towards suspending first residence property foreclosures up to 350,000 euros until the end of October....

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