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/bad-loans-revive-mp-financial-disclosure-debate
A ruthless debate is picking up steam among members of parliament following public discussion and media coverage that raises the issue of conflict of interest ahead of a crucial vote on bad loans...
https://knews.kathimerini.com.cy/en/news/ag-names-investigators-to-comb-though-entire-co-op
A former judge, an economist, and a banker will make up the executive committee that will investigate any suspicious dealings that took place in the troubled Cypriot co-op...
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/news/us-senate-votes-to-block-f-35-deal-to-turkey
US senators voted overwhelmingly to block the sale of F-35 jet fighters to Turkey on Monday, while Lockheed Martin says it expects to deliver planes before the bill could become law...
https://knews.kathimerini.com.cy/en/news/state-doctors-up-in-arms-over-medical-school
State doctors are once again speaking out against government efforts that would create proper medical schools in state public hospitals, with union representatives warning to take action...
https://knews.kathimerini.com.cy/en/news/new-vehicle-registration-laws-favour-early-birds
A new bill is the works that would change how Cypriots pay for their vehicle registration, but also how much road tax they pay depending on how soon they take care of their bill...
https://knews.kathimerini.com.cy/en/news/two-young-boys-in-near-drowning-incidents-doing-okay
Two four-year-old boys who nearly drowned this week are reportedly in good health, following two separate but very similar swimming pool incidents involving foreign tourists...
https://knews.kathimerini.com.cy/en/news/publicising-court-rulings-blocked-due-to-gdpr
The Supreme Court has decided to block the publicising of court rulings until special legislation can be enacted that would comply with the EU General Data Protection Regulation...
https://knews.kathimerini.com.cy/en/news/little-boy-s-pool-incident-exposes-safety-risks
A pool incident where a young child almost drowned is raising concerns over safety, with the Green party weighing in trying to find ways to propose additional legislation for private swimming sites...
https://knews.kathimerini.com.cy/en/news/unmarried-paternity-leave-not-signed-into-law
President Nicos Anastasiades has not signed a newly-passed law on paid paternity leave for unmarried fathers, sending it back to the House primarily on constitutional grounds while opposition sees more reasons behind it....
https://knews.kathimerini.com.cy/en/news/cyprus-pride-2018-makes-the-change
The weeklong activities of the 5th Cyprus Pride Festival peaked on Sunday with a Pride Parade in Nicosia, where Eurovision singer Eleni Foureira also showed up and gave a pep talk to cheering fans...
https://knews.kathimerini.com.cy/en/news/cto-sees-tourism-potential-despite-russian-defect
The Cyprus Tourism Organisation says tourist arrivals are expected to rise in 2018 despite a drop in Russian visitors to the island, while the government is moving forward with new plans for tourism on the island...
https://knews.kathimerini.com.cy/en/news/senator-introduces-bill-to-end-us-arms-embargo-on-cyprus
Robert Menendez, a top Democrat in the Senate Foreign Relations Committee, has introduced a bill to end the Cyprus arms embargo enforced by Washington since 1987...
https://knews.kathimerini.com.cy/en/news/new-penalty-points-system-in-the-works
The penalty points system for Cypriot drivers is about to be revamped, with new legislation proposing stiffer penalties but also fixing loopholes that make the current scheme unreliable...
https://knews.kathimerini.com.cy/en/news/cyprus-wants-to-be-a-film-industry-contender
The Cyprus government wants to cut red tape that keeps film producers at bay, with a new bill in parliament aimed at attracting foreign companies that could choose the island for the next blockbuster...
https://knews.kathimerini.com.cy/en/news/drugs-behind-the-cosa-nostra-of-cyprus
Justice Minister Ionas Nicolaou left the possibility wide open that well known individuals and admired businessmen could be taking part in the illegal drug trade in Cyprus, suggesting that competing criminal gangs may be cooperating with each other at a higher level...
https://knews.kathimerini.com.cy/en/news/unmarried-fathers-can-now-get-paid-paternity-leave
Members of the House passed a new law extending paternity leave to unmarried fathers, essentially amending legislation from last year that gave paid leave to married dads...
https://knews.kathimerini.com.cy/en/news/health-minister-calls-on-doctors-to-stand-with-him
Health Minister Constantinos Ioannou held a press conference to address criticism over his actions and ask state doctors to pay no attention to those who oppose reform in the industry...
https://knews.kathimerini.com.cy/en/news/house-halts-medical-cannabis-bill-due-to-recent-crimes
Members of the House are turning against a medical marijuana bill, citing recent horrific crimes on the island and fears they may be linked to the use of cannabis. But studies suggest that decriminalisation has actually helped violent crime rates drop considerably....
https://knews.kathimerini.com.cy/en/business/first-shipping-minister-sets-ambitious-targets-for-cyprus
The country’s location and tax system have made it a shipping magnet -- drawing maritime companies from Norway, Greece, Dubai and South Korea -- and prompting the creation of a ministry for the industry...
https://knews.kathimerini.com.cy/en/news/cyprus-to-set-up-special-crime-fighting-agency
Cyprus police is trying to set up a special law enforcement agency to fight organised crime and terrorism but also offer top notch intelligence analysis in serious crimes...
https://knews.kathimerini.com.cy/en/news/greek-and-jewish-diaspora-team-up-for-cyprus
The Greek-American and American Jewish communities have joined forces to promote legislation in the United States that would bolster the security status of Cyprus and block the sale of F-35 fighter jets to Turkey...
https://knews.kathimerini.com.cy/en/news/macron-tells-it-like-it-is
Capping a three-day visit, Macron repeatedly criticized Trump’s isolationist principles in a speech to a joint meeting of Congress, an honour given to a small number of visiting foreign leaders...
https://knews.kathimerini.com.cy/en/business/legislation-in-the-works-to-tax-airbnb-rentals-in-cyprus
Home owners who rent out their properties through Airbnb will have to pay taxes if a new law is passed in the Republic of Cyprus, but this may not be enough for tourism stakeholders who have been calling for more restrictions on the online service....
https://knews.kathimerini.com.cy/en/news/cyprus-granted-protection-status-to-1300-asylum-seekers-last-year
Of the 175,800 Syrian citizens granted protection status in the EU, more than 70% received protection status in Germany...
https://knews.kathimerini.com.cy/en/news/five-arrested-in-paphos-illegal-work-bust
Police raided a business establishment in Paphos Tuesday, arresting five individuals and issuing fines on the spot during an operation to combat illegal employment....
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...
