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All reports tagged with: "eu directives"

Mortgage regulation tightened

The Mortgage Credit Directive 2014/17/EU aims to enhance consumer protection for those buying residential property and should end devious banking practices in Cyprus and other EU member states.

Cyprus-style bail-in EU Directive

An EU Directive setting out a Cyprus-style bail-in mechanism for the resolution of failing banks, which harmonises and improves the tools for dealing with bank crises across the EU, came into effect on 1 January.

State is way behind on building payments

Contractors have accused the Cyprus government of deliberately delaying inspections of works to delay payments; some of them have been owed money since 2008 and the amounts are very high.

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