https://knews.kathimerini.com.cy/en/news/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...
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...
https://knews.kathimerini.com.cy/en/news/government-welcomes-diko-support-on-bad-loans
The Cyprus government says it can work with opposition centrist party Diko to pass much needed comprehensive legislation on bad loans that would also pave the way for a co-op deal to go forward...
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...
https://knews.kathimerini.com.cy/en/business/bank-of-england-keeps-powder-dry-on-rate-rise
The Bank of England held interest rates and said weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy in the next few months before raising borrowing costs...
https://knews.kathimerini.com.cy/en/business/experts-says-cyprus-economy-to-grow-by-3-8-this-year
The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%.
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https://knews.kathimerini.com.cy/en/comment/opinion/you-can-t-put-a-price-on-heritage
When the German tabloid Bild suggested that Greece should sell off Corfu and the Parthenon as part of its asset-stripping, they didn't know that Durrell had foreseen this many years ago...
https://knews.kathimerini.com.cy/en/comment/hypocrisy-over-defence-spending
Beyond the competition that has always existed between France and Germany in this field, Greece is being accused of spending European taxpayers’ money on a shopping spree...
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...
https://knews.kathimerini.com.cy/en/news/roc-police-want-to-examine-apostolides-car
Authorities in the Republic of Cyprus are asking for the vehicle and personal belongings of Solon Apostolides, the Greek Cypriot who was killed in the north by a young man from Turkey who claims he acted in self defence....
https://knews.kathimerini.com.cy/en/business/georgiades-makes-the-good-case-for-ccb
Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....
https://knews.kathimerini.com.cy/en/news/senturk-attempts-suicide
Erdinc Senturk, the man who admitted to killing Solon Apostolides in self defence, tried to end his life but fellow cell mates intervened and his plan was foiled....
https://knews.kathimerini.com.cy/en/business/hundreds-of-flights-cancelled-in-germany-as-airports-hit-by-public-sector-strikes
Unions will escalate the dispute if employers do not present an offer next week...
https://knews.kathimerini.com.cy/en/news/senturk-says-he-acted-in-self-defence
Erdinc Senturk, the man who admitted to killing Solon Apostolides, says he acted in self defence but he is not expected to be handed over to Turkish Cypriot authorities....
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/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...
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...
https://knews.kathimerini.com.cy/en/business/moody-s-sees-robust-economic-recovery-helping-cypriot-banks
It expects that banks will continue to make progress on restructuring troubled loans and selling real-estate collateral...
