Search

1. KEDIPES successfully sells €58.4M portfolio to reduce debt

The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....

2. Parliament passes law to remove property restrictions in Occupied Areas

In a unanimous decision, the Plenary Session of the Greek Parliament passed a law abolishing the right of encumbrance of ''memorandum'' on properties held by banks and credit acquisition companies, located in the occupied territories. ...

3. Chasing the dream of independence

The years of Independence have come and gone, but the founding myth remains fragmented in the minds and hearts of Cypriots. For many Greek Cypriots, it symbolizes a struggle betrayed, while others see it as a necessary compromise. ...

4. 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. ...

5. 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....

6. Guarantor wants off the hook over old bad loan

Cyprus’ financial commissioner came to the rescue of a loan guarantor who says he should not have to pay anything because a former credit union had failed to send him default notices 'without delay' concerning non-payment by the primary beneficiary...

7. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

8. AG: 'Lawyers vouched for the character of their applicants, a criminal offense'

The extraordinary session of the Parliamentary Audit Committee is underway which will examine the findings of the Audit Service's report on the Cyprus Investment Program....

9. Slashed tires slow down finance minister

The tires of a vehicle belonging to the Cypriot finance minister were slashed over weekend, with police saying they were investigating the incident...

10. EU official calls on Cyprus to implement recovery plan or lose funding

A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....

11. Cacophony emerges as Cyprus stalls foreclosure bills

The finance ministry in the Republic of Cyprus is scrambling for new ways to overcome an awkward impasse on two crucial foreclosure bills, after opposition parties blamed the administration for not doing enough to have the European Commission go along with amendments to protect bad loan guarantors...

12. Kids murdered in 1974 buried in the north

The remains of eleven children murdered in Cyprus during the summer 1974 events were laid to rest on Monday after they were identified through DNA tests carried out by a bicommunal missing persons committee on the island...

13. 'Time is not on the side of a solution'

While giving her perspective on the current challenges and opportunities in the Cyprus issue, Elizabeth Spehar warned of the passing of too much time and that "the more time passes, the greater the possibility that the divide will be entrenched". ...

14. Averoff: 'We will give what we can to the vulnerable child - We are not racists'

No one else wants a solution to the Cyprus problem more than we do, according to DISY President Averof Neophytou,...

15. Cavusoglu signals new Cyprus game plan

Turkish Foreign Minister Mevlut Cavusoglu has called for sovereign equality in divided Cyprus, adding that Ankara was ready for dialogue with Athens but also prepared for tension if Greece chose the latter...

16. Cyprus leaders agree to disagree

The two leaders from divided Cyprus’ two communities met in the UN buffer zone in Nicosia on Tuesday, following last month’s elections in the north, with both men agreeing in principle to an informal five-party meeting but not without expressing reservations...

17. UNSG ready for new round of Cyprus talks

In a letter to the President of the Republic of Cyprus Nicos Anastasiades, UN Secretary General Antonio Guterres expressed his readiness to resume talks for a settlement of the Cyprus Problem on the basis of convergences already reached, including agreements during the Berlin meeting of November 2019, but also in accordance with Security Council Resolutions....

18. Turkish Cypriots choose leader as Cyprus talks reboot looms

Turkish Cypriots vote Sunday to choose a leader who'll explore, along with Greek Cypriots, whether there's enough common ground left for a deal to end the island's decades of ethnic division....

19. Pompeo: No to unilateral actions

Following a visit to the US naval base at Souda Bay on Crete with Greek Prime Minister Kyriakos Mitsotakis, US Secretary of State Mike Pompeo on Tuesday reiterated his opposition to unilateral actions amid disputes between countries and, in an interview with Kathimerini, indicated that the US is prepared to “play any role that’s appropriate and useful and constructive.” ...

20. Cyprus President saddened over latest statements by Turkish FM

President of Cyprus Nicos Anastasiades said on Monday that he was saddened to hear about the latest statements by Turkish Foreign Minister Mevlüt Çavuşoğlu, noting that “they convey in essence the message that the Turkish side is not returning to the negotiating table if the requirements it is putting forward are not met.”...

21. World’s last divided capital

As the world commemorates 30 years since the fall of the Berlin Wall, the bullet-riddled sandstone walls of abandoned, crumbling homes and concrete machine gun nests dotting Cyprus' no man's land serve as a jarring reminder of another divided capital — the world's last — on Europe's southeastern frontier...

22. Cypriot president reiterates energy goals

President Nicos Anastasiades stressed that the Republic of Cyprus is determined to proceed unhindered with its energy plans and to make good use of the gas reserves that have been discovered, as a source of regional economic cooperation, growth and prosperity...

23. Guarantees and Rights of Intervention

Both Turkey’s illegal invasion in 1974 and its occupation of Cyprus, were claimed to be based on its own interpretation of the Treaty of Guarantee. These arguments are well known. Today, Turkey still insists on the same interpretation of this Treaty....

24. The balancing act after the Tsipras - Erdogan meeting

25. Anastasiades 'will seek to meet' with Akinci

26. Spehar: Cyprus should engage with Lute in a creative and constructive manner

27.  Anastasiades at Diaspora dinner: No guarantees needed

28. UK parties declare support for Cyprus reunification

The main British political parties, as well as a pro-Cypriot group of MPs, have reiterated their support for the reunification of the island in recent statements addressed to the National Federation of Cypriots in the UK...

29. Greece wants to talk security before Cyprus conference

Greek Foreign Minister Nikos Kotzias says Greece and Turkey should first come to an agreement on the aspects of security and guarantees, before a new Conference on Cyprus is convened...

30. Greek foreign minister reiterates support for Cyprus solution

Greek Foreign Minister Nikos Kotzias reiterated Wednesday his country’s supports for a solution to the Cyprus problem as long as there are no interventionist rights from other countries...