All reports tagged with: "delay"
Just when we thought the construction of the Poseidon consortium’s Paphos marina was about to get underway, the consortium has failed to supply adequate evidence of its ability to finance the project.
The Paphos Grand Marina project, which has already been delayed by more than a decade, may face yet another delay following a decision by the authorities to refer the matter to the attorney-general.
Following the troika’s recent mission to the island, the ECB and EC have urged Cyprus to accelerate the reform programme in a number of key areas including setting up a sustainable and efficient title deeds transfer system.
John Hourican, the outgoing CEO of the Bank of Cyprus said he was disappointed by the ‘shenanigans’ of lawmakers that delayed and diluted laws aimed at helping banks collect on a huge number of non-performing loans.
We have to ask the question who is the Cyprus parliament trying to protect following the decision of the House Finance Committee not to put the ‘hidden mortgages’ bill before a plenary meeting of the House.
Cypriot MP Giorgos Perdikis has defended the delay in passing the ‘hidden mortgages’ bill saying that “If they (the government) had wanted the (title deeds) bill expedited they should have asked.”
The bills designed to rationalise Cyprus’ various property taxes and address ‘hidden mortgages’ agreed by government will not be put to a plenary meeting of the House this Thursday as planned.
The implementation of the five bills comprising the insolvency framework has been delayed again and will probably be put before the House plenum on April 16, before the Eurogroup meeting on April 23.
At a plenary meeting of the Cyprus parliament earlier this afternoon, opposition party MPs voted to extend the suspension of the hotly debated foreclosures bill until later this year.
The European Commission has said that it cannot continue with the next review of the Cyprus adjustment programme following a decision by parliament to delay the Foreclosures Law.