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  • Next bailout tranche withheld

    Next bailout tranche withheld

    Cyprus will not receive the next tranche the €10 billion bailout from the troika of international lenders until it complies with the MoU regarding foreclosures and insolvency legislation.

  • EC rejects foreclosures laws

    EC rejects foreclosures laws

    The foreclosures laws passed by the Cyprus parliament last Saturday are incompatible with the requirements of the Memorandum of Understanding (MoU), according to a European Commission spokesman.

  • Foreclosures bill passed

    Foreclosures bill passed

    The controversial foreclosures bill, a pre-condition of Cyprus receiving the next tranche of its bailout from the Troika, was passed by 47 votes at an extraordinary session of Parliament earlier today.

  • More Recent Reports

  • Numbnuts at Paphos Land Registry

    Numbnuts at Paphos Land Registry

    Despite being put under pressure the Government reduce the backlog of Title Deeds, numbnuts at the Paphos Land Registry are refusing to accept current British passports as identification...
  • Supreme Court focuses on foreclosures

    Supreme Court focuses on foreclosures

    The Cyprus Supreme Court plenary will meet on Tuesday to examine whether four of the bills passed by MPs regarding foreclosures and repossession are in conflict with the island's Constitution...
  • Reckless banks lent millions

    Reckless banks lent millions

    A report by the Cyprus Central Bank reveals how the island's banks lent millions of Euros recklessly without having properly examined the borrowers' ability to repay or the value of the loan collateral...

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