CLOSE
Loading...
12° Nicosia,
25 June, 2024
 

Search

Displaying results 1-30 of 57 matches for query foreclosures.

1. 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....

2. 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....

3. 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....

4. 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....

5. 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....

6. 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. ...

7. 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....

8. 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....

9. 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. ...

10. 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....

11. 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. ...

12. 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....

13. 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....

14. 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....

15. 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. ...

16. 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....

17. 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....

18. 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. ...

19. 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. ...

20. 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....

21. Groundbreaking court to tackle first home foreclosures

https://knews.kathimerini.com.cy/en/news/groundbreaking-court-to-tackle-first-home-foreclosures

The groundwork for the establishment of a specialized jurisdiction court, which will exclusively handle issues related to the foreclosure of primary residences, will be laid on Thursday....

22. An effective foreclosure framework is important, says FinMin

https://knews.kathimerini.com.cy/en/news/an-effective-foreclosure-framework-is-important-says-finmin

An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....

23. Citizen wants to school police over 'wrongful arrest'

https://knews.kathimerini.com.cy/en/news/citizen-wants-to-school-police-over-wrongful-arrest

A private citizen in Cyprus is going after police following an encounter outside Parliament last month, saying he was wrongfully arrested as a concerned bystander by vengeful motorbike cops during a protest about foreclosures...

24. FinMin stresses importance of stable legislation for out-of-court auctions

https://knews.kathimerini.com.cy/en/news/finmin-stresses-importance-of-stable-legislation-for-out-of-court-auctions

The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....

25. Keravnos urges banks to restructure loans and keep rates low

https://knews.kathimerini.com.cy/en/news/keravnos-urges-banks-to-restructure-loans-and-keep-rates-low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

26. Finance minister calls on banks to delay foreclosures

https://knews.kathimerini.com.cy/en/news/finance-minister-calls-on-banks-to-delay-foreclosures

The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...

27. Foreclosure sales to restart after Parliamentary vote

https://knews.kathimerini.com.cy/en/news/foreclosure-sales-to-restart-after-parliamentary-vote

The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....

28. A large number of foreclosure notices to be sent tomorrow

https://knews.kathimerini.com.cy/en/news/a-large-number-of-foreclosure-notices-to-be-sent-tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

29. Cyprus gets taste of EU’s €85 million with a caveat

https://knews.kathimerini.com.cy/en/news/cyprus-gets-taste-of-eu-s-€85-million-with-a-caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

30. The consequences of continuing foreclosure suspensions

https://knews.kathimerini.com.cy/en/news/the-consequences-of-continuing-foreclosure-suspensions

Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....

X