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61. 64% of distressed state loans eligible for 'Oikia' scheme

The applications for the Oikia scheme for distressed borrowers have reached 64% of the total eligible loans, according to the Housing Finance Corporation. In total, 1,223 applications, valued at €115m have been submitted, out of 1,948 eligible loans, valued at €179m....

62. Rejected Estia applications to be re-examined upon appeal

The number of applications approved for participation in the Restructuring Scheme “Estia” has increased, reaching 1,049. At the same time, appeals for 881 applications that were denied will be re-examined compared to only 543 last March....

63. Foreclosures suspended until the end of October 2022

The Cyprus Parliament on Thursday passed a bill suspending foreclosures until the end of October,...

64. 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....

65. Cypriot banks to reduce costs

The President of the European Banking Authority speaks to "K"...

66. 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....

67. MPs vote on budget hanging by a thread

The House takes another vote on the state budget on Thursday, with representatives expected to pass the bill narrowly following behind-the-scenes consultations since the first time it was rejected in mid-December...

68. FinMin delves into details of 'new, more targeted measures'

Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....

69. «Growth momentum moderates» in Cyprus according to Εuropean Commission Autumn Economic Forecast

"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....

70. 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...

71. 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...

72. Foreclosures: Parliament rejects President's referral

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

73. 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...

74. Bank culture should change Central Bank Governor says

75. Argonaut 2019: Over 20 countries participated in the exercise

76. Argonaut 2019 maritime exercise underway

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

78. Bank of Cyprus posts profit amid CEO departure

79. IMF warns of 'increasing headwinds to sustained growth'

80. Bank of Cyprus sells NPEs amounting to €34 million to APS Delta

81. House passes state budget for 2019

The House of Representatives Plenary on Friday approved by majority voting the 2019 state budget, that provides for a surplus amounting 3% of GDP...

82. Budget 2019 goes to parliament

83. EU Commission approves ESTIA scheme

84. Hellenic Bank’s Economic Review

85. Economic growth in Cyprus remains strong

86. Fitch Ratings upgrades Cyprus to investment grade

87. IMF: The Cypriot economy continues its rapid recovery from the 2012–13 financial crisis

88. House shifts into gear with Sunday bad loans session

It will be a long weekend for the House finance committee, which will hold emergency sessions ahead of a crucial Sunday vote on bad loans and state guarantees for Hellenic Bank...

89. 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...

90. 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...