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02 May, 2025
 

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Displaying results 31-60 of 130 matches for query repayment.

31. Cyprus grapples with €80 million surge in state budget deficit for 2023

https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-€80-million-surge-in-state-budget-deficit-for-2023

The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....

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

https://knews.kathimerini.com.cy/en/business/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....

33. Over 3800 households apply for 'Photovoltaics for All' project

https://knews.kathimerini.com.cy/en/news/over-3800-households-apply-for-photovoltaics-for-all-project

According to data from the Renewable Energy Fund, 3863 applications have been submitted by households to participate in the "Photovoltaics for All" project....

34. How to apply for the photovoltaic project for your home

https://knews.kathimerini.com.cy/en/news/how-to-apply-for-the-photovoltaic-project-for-your-home

The Greek Ministry of Energy has launched Category A3 of the grants scheme to promote the use of Renewable Energy Sources (RES) and Combined Heat and Power (CHP) systems in residential buildings for 2024-2025. ...

35. European Parliament honors Navalny amidst food inflation

https://knews.kathimerini.com.cy/en/news/european-parliament-honors-navalny-amidst-food-inflation

The European Parliament will commemorate the life of Russian activist Alexei Navalny, featuring an address by his wife, Yulia Navalnaya, in its plenary session this week in Strasbourg......

36. Phone ringing, debt ignored: Cyprus faces loan repayment hurdles

https://knews.kathimerini.com.cy/en/news/phone-ringing-debt-ignored-cyprus-faces-loan-repayment-hurdles

Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society....

37. Cyprus government achieves significant debt reduction in 2023

https://knews.kathimerini.com.cy/en/news/cyprus-government-achieves-significant-debt-reduction-in-2023

The Cyprus government reported that the island nation ended 2023 with a debt of €22.4 billion, constituting around 99% of the Republic of Cyprus' total debt. This marks a notable reduction of €689 million or 3% from the corresponding period in the previous year....

38. Banks urged to accelerate loan restructurings

https://knews.kathimerini.com.cy/en/news/banks-urged-to-accelerate-loan-restructurings

The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....

39. Cyprus development expenditure: 2023 surpasses €1B

https://knews.kathimerini.com.cy/en/news/cyprus-development-expenditure-2023-surpasses-€1b

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

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

https://knews.kathimerini.com.cy/en/news/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. ...

41. Interest rates extended, borrowers face dilemma

https://knews.kathimerini.com.cy/en/news/interest-rates-extended-borrowers-face-dilemma

Last Thursday, the European Central Bank (ECB) opted to maintain interest rates, extending the uncertainty for borrowers regarding their loans and repayments....

42. Parliament enacts law granting tax exemption on loan repayments

https://knews.kathimerini.com.cy/en/news/parliament-enacts-law-granting-tax-exemption-on-loan-repayments

The House of Representatives has unanimously approved a law exempting individuals who sold real estate or transferred shares to repay Non-Servicing Loans from the 0.4% tax designated for the Central Equal Weight Sharing Agency...

43. Cyprus grapples with lingering private debt woes

https://knews.kathimerini.com.cy/en/business/cyprus-grapples-with-lingering-private-debt-woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

44. Cyprus housing crisis deepens amid interest rate scandal

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-housing-crisis-deepens-amid-interest-rate-scandal

With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....

45. 2024 budget gets green light – Inside scoop on state wage proposals

https://knews.kathimerini.com.cy/en/news/2024-budget-gets-green-light-–-inside-scoop-on-state-wage-proposals

The 2024 budget was passed into law relatively comfortably, with a total of 37 MPs voting for it, while 19 were opposed. ...

46. Non-performing loans take a €95M dive

https://knews.kathimerini.com.cy/en/news/non-performing-loans-take-a-€95m-dive

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. ...

47. President faces calls to repay thousands of euros after AG audit

https://knews.kathimerini.com.cy/en/news/president-faces-calls-to-repay-thousands-of-euros-after-ag-audit

In a new report, Cyprus Auditor General Odysseus Michaelides has intensified the conflict with President Nicos Christodoulides. ...

48. 'Photovoltaics for All' scheme launches €30M fund

https://knews.kathimerini.com.cy/en/news/photovoltaics-for-all-scheme-launches-€30m-fund

The public will be able to start submitting applications on January 2024 for a scheme to install photovoltaics, dubbed "Photovoltaics for All", with a budget of €30 million, which is expected to correspond to 6,000 applications....

49. Minister vows 'smart lights' rule over timers

https://knews.kathimerini.com.cy/en/news/minister-vows-smart-lights-rule-over-timers

In a recent presentation of the Ministry of Transport's 2024 budget to the Finance Committee, Minister of Transport, Alexis Vafeadis, categorically stated that there will be no timers installed at traffic lights until at least March or April 2024. ...

50. KEDIPES calls for stability in foreclosure framework to safeguard borrowers' homes

https://knews.kathimerini.com.cy/en/business/kedipes-calls-for-stability-in-foreclosure-framework-to-safeguard-borrowers-homes

Lambros Papadopoulos, Chairman of the Board of Directors of KEDIPES (Cyprus Asset Management Company), emphasized the importance of maintaining consistency in the 2018 divestment framework within the Parliament....

51. Government to expand workforce in 2024

https://knews.kathimerini.com.cy/en/news/government-to-expand-workforce-in-2024

In the 2024 budget, authorities anticipate total general government revenue of €13.2 billion and expenditures of €11.8 billion, resulting in a fiscal surplus of €659 million, equal to 2.2% of GDP. ...

52. Cyprus' 'Photovoltaics for All' cuts electricity costs by 50%

https://knews.kathimerini.com.cy/en/news/cyprus-photovoltaics-for-all-cuts-electricity-costs-by-50

In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....

53. €369 million EIB loan for smart investments

https://knews.kathimerini.com.cy/en/news/€369-million-eib-loan-for-smart-investments

The government has secured a €369 million loan from the European Investment Bank (EIB) with favorable terms to support expenditures and investments within the framework of the "Thalia" program. ...

54. Borrowers in a high-stakes game of loan roulette

https://knews.kathimerini.com.cy/en/business/borrowers-in-a-high-stakes-game-of-loan-roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

55. Controversy deepens over overtime pay to deputy spokesperson

https://knews.kathimerini.com.cy/en/news/controversy-deepens-over-overtime-pay-to-deputy-spokesperson

The controversy surrounding overtime payments for Deputy Government Spokesperson Doxa Komodromou has escalated, with revelations and calls for reimbursement by the Auditor General, Odysseas Michaelides....

56. Potential bank tax discussed amidst rate dissatisfaction

https://knews.kathimerini.com.cy/en/news/bank-tax

Leaving the door open for potential action, the Finance Ministry is considering an additional tax on banks due to dissatisfaction with their current approach to deposit and lending rates....

57. Record surge in loan renegotiations amidst rising interest rates

https://knews.kathimerini.com.cy/en/news/record-surge-in-loan-renegotiations-amidst-rising-interest-rates

Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....

58. Eurobank Cyprus reports soaring profits amid rising interest rates

https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-reports-soaring-profits-amid-rising-interest-rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

59. Global economy faces $590 trillion storm

https://knews.kathimerini.com.cy/en/news/global-economy-faces-$590-trillion-storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

60. Loan demand in Cyprus falls, interest rates rise

https://knews.kathimerini.com.cy/en/news/loan-demand-in-cyprus-falls-interest-rates-rise

The Cypriot banking institutions are holding a small basket for demand in new loans....

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