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121. 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....

122. Rise in consumer loans and housing purchase in September

New consumer loans, mortgages and new loans above €1 million increased in September compared to the previous month of this year,...

123. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

124. Support schemes added to fight lockdown consequences

Alongside the tough restriction measures that came into effect on Thursday, additional support schemes were announced by the ministers of finance and labour in a bid to cushion the inevitable economic blow....

125. Loan payments to be suspended for nine months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

126. Estia scheme kicks in for eligible borrowers

The Estia plan aimed at boosting borrowers’ ability to repay their defaulted loans went into effect on Monday, as the Cypriot government embarks on a scheme to subsidize repayments of restructured loans...

127. Lifeline as Parliament accepts President's referral

The House of Representatives has heeded warnings voting to accept the President's referral of legislation that would have made it difficult for banks to recover mortgaged non-performing exposures...

128. Foreclosures: Parliament rejects President's referral

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

129. The others were Merkel’s puppets, we were just naive

Prime Minister Alexis Tsipras admitted to being naive enough to believe that his European counterparts, whose countries have loaned Greece billions of euros, would go easy on him...

130. Chinese Ambassador to Cyprus: No one stands to win in a trade war

131. Agia Fyla co-op scandal ends with acquittals

Four defendants in the Agia Fyla credit union scandal have been acquitted on all charges, with criminal judges citing failure on the part of the police to prosecute the case...

132. Auditor General blows whistle on Pissouri payouts

Auditor General Odysseas Michaelides is calling on the interior minister to seek a legal opinion before reaching a final decision on Pissouri payouts due to landslide problems...

133. Finance Minister to stay on until the end of the year

134. Finance Minister speaks to Euronews on Cooperative sale

135. EU unhappy with Greek reforms, debt relief in doubt

Greece's bailout creditors say the country has fallen behind on several key reforms that have been set as a condition for debt relief....

136. New study and payouts for Pissouri landslide

Tax payers may have to foot the bill for Pissouri homeowners affected by an active landslide, but details remain unclear as to how much money and who may qualify...

137. EU Commission approves ESTIA scheme

138. Finance Minister: CCB the weakest link of the banking system

139. Cabinet okays homeowner plan ahead of crucial House session

The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...

140. Cyprus mortgage values drop by €62.28 million during April

The number of mortgages issued in April reached 1,317 down from 1,804 in March when their value was €299.63 million...

141. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

142. Hourican is one of the best paid Irish bankers

The Dubliner CEO of the Bank of Cyprus, was paid €2.1 million last year, putting him among the best-paid Irish bankers in the world...

143. Bad loans still high despite fast economic growth

Cyprus' economic growth has been supported by construction, tourism and professional services...

144. UK house price growth unexpectedly slows to seven-month low

Britain’s housing market has been hit by a squeeze on household incomes caused by higher inflation...

145. Fitch upgrades Bank of Cyprus covered bonds to 'BBB'

Fitch Ratings has upgraded Bank of Cyprus` outstanding €650 million conditional pass-through (CPT) covered bonds to `BBB` from `BBB-` with a stable outlook, the international credit rating agency has said in a press release....

146. UK home-sellers raise prices by most since 2007

Asking prices in the first quarter of 2018 as a whole were 3 percent higher than at the end of 2017...