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12° Nicosia,
02 June, 2020
 

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Displaying results 1-17 of 17 matches for query Foreclosures.

1. House passes bills mitigating pandemic repercussions

https://knews.kathimerini.com.cy/en/news/house-passes-bills-mitigating-pandemic-repercussions

The House on Friday approved a wide array of bills, passing into law a wide array of bills seeking to keep Cyprus afloat as it is making its way through the first wave of the coronavirus pandemic....

2. State suspends foreclosures for 3 months, requests 10% reduction in electricity fees

https://knews.kathimerini.com.cy/en/news/state-suspends-foreclosures-for-3-months-requests-10-reduction-in-electricity-fees

The government on Wednesday agreed to request from the Cyprus energy regulatory authority a 10% cut on electricity usage charges for a period of three months, in view of providing some breathing space as the island traverses the Covid-19 health crisis....

3. Moody's changes Cyprus outlook to positive

https://knews.kathimerini.com.cy/en/news/moody-s-changes-cyprus-outlook-to-positive

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...

4. Foreclosure legislation unconstitutional

https://knews.kathimerini.com.cy/en/news/foreclosure-legislation-unconstitutional

The latest piece of legislation on foreclosures which was approved last Friday is unconstitutional...

5. Finance Committee seeks compromise on foreclosures

https://knews.kathimerini.com.cy/en/news/finance-committee-seeks-compromise-on-foreclosures

The House of Representatives Finance Committee meets on Friday to discuss proposals that would normalize the legislative framework on foreclosures...

6. ECB warns of 'significant negative impact'

https://knews.kathimerini.com.cy/en/news/ecb-warns-of-significant-negative-impact

The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented. ...

7. Central Banker mulls bridging framework on foreclosures

https://knews.kathimerini.com.cy/en/news/central-banker-mulls-bridging-framework-on-foreclosures

The Central Bank will present recommendations aimed at rectifying the foreclosure framework it was announced on Thursday...

8. Foreclosures: Parliament rejects President's referral

https://knews.kathimerini.com.cy/en/news/foreclosures-parliament-rejects-president-s-referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

9. Cyprus parliament suspends foreclosures

https://knews.kathimerini.com.cy/en/news/cyprus-parliament-suspends-foreclosures

The House of Representatives voted in its last plenary before summer recess an amendment to the foreclosure law that foresees a freeze in foreclosures and suspension for loans eligible for the ESTIA loan relief plan...

10. Warnings over new foreclosure legislation

https://knews.kathimerini.com.cy/en/news/warnings-over-new-foreclosure-legislation

A total of five bills concerning a new foreclosure legislation are expected to be discussed on Thursday at a meeting of the House of Representatives Finance Committee...

11. Cyprus 'one of the success stories of ESM'

https://knews.kathimerini.com.cy/en/news/cyprus-one-of-the-success-stories-of-esm

12. EU Commission approves ESTIA scheme

https://knews.kathimerini.com.cy/en/news/eu-commission-approves-estia-scheme

13. House approves state guarantees in co-op deal

https://knews.kathimerini.com.cy/en/news/house-approves-state-guarantees-in-co-op-deal

The House passed legislation Sunday night in favour of providing state guarantees to Hellenic Bank in its acquisition of Cyprus Cooperative Bank’s healthy portfolio...

14. House prepares to define good and bad borrowers

https://knews.kathimerini.com.cy/en/news/house-prepares-to-define-good-and-bad-borrowers

The distinction between responsible and irresponsible borrowers is at the forefront of heated debate this week, with Presidential Palace and Parliament scrambling to strike balance ahead of a crucial vote...

15. Co-Op deal with Hellenic still up in the air

https://knews.kathimerini.com.cy/en/news/co-op-deal-with-hellenic-still-up-in-the-air

The government is running against the clock with bad loans legislation, which would include a bill approving state guarantees for Hellenic Bank to absorb potentially high-risk loans in co-op takeover...

16. FinMin: Revenue from NPLs management will repay cost of support to Co-op

https://knews.kathimerini.com.cy/en/business/finmin-revenue-from-npls-management-will-repay-cost-of-support-to-co-op

Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...

17. Focus on responsible borrowers

https://knews.kathimerini.com.cy/en/news/finance-minister-wants-focus-on-responsible-borrowers

Finance Minister Harris Georgiades says responsible borrowers deserve help, but draws the line where strategic defaulters take advantage of loopholes and don't repay their loans...

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