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Vulture funds attacked by MPs

The Chairman of the Parliamentary Legal Affairs Committee, Nicos Tornaritis, has hit out at vulture funds for refusing to suspend property repossessions ahead of...

Troika still sees spectres of the 2013 financial crisis

The Troika of international lenders expressed concern over Cyprus' slow progress in reducing legacy Non-Performing Loans (NPLs) and persistent high debt levels. The recent visit...

Police investigating paramilitary group linked to property fraud

Police are investigating a case involving 80 individuals suspected of running a military-style organisation engaged in property fraud. The Criminal Investigation Department (CID) launched the...

Proposal to stop vulture attacks on loan guarantors

Following my rant about morally bankrupt Vulture Funds demanding payments to release Title Deeds of properties bought by trapped buyers, my jaw hit the...

Stop vulture attacks on trapped buyers

Government intervention is needed to stop Credit Acquiring Companies, better known as Vulture Funds, demanding money from debt-free trapped buyers to release title deeds...

Hellenic Bank welcomes mortgage-to-rent scheme

"We welcome this plan as a favourable arrangement, ensuring housing for vulnerable households," Hellenic Bank interim Chief Executive Officer Antonis Rouvas said in a...

EC Report for Cyprus analyses the economic situation

The Cyprus Post-Programme Surveillance Report for Autumn 2023, which has been prepared by the European Commission's Directorate-General for Economic and Financial Affairs  analyses the...

Mortgage to rent scheme launched

The government greenlighted the mortgage-to-rent scheme, the latest lifeline for defaulted borrowers, following approval from the European Commission. Government spokesperson Konstantinos Letymbiotis on Wednesday told...

Foreclosures freeze a ‘threat to recovery’

Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House's decision to extend a freeze on foreclosures, arguing that Cyprus's credibility...

House extends foreclosures freeze again

When the freeze was last extended in July this year Elizabeth McCaul (a Member of the Supervisory Board of the European Central Bank) advised...

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