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20th April 2024
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Deal on foreclosures may be close

The Cyprus government plans to submit the last of the five bills comprising the insolvency framework to parliament within the next few days according to a source in the Finance Ministry.
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Cyprus agreement impossible

The Troika of Cyprus' international lenders has announced that it was not possible to reach an agreement on the review of the Cyprus programme due to the suspension of the foreclosure framework.
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Stalemate over bad loan guarantors

Amidst alleged claims that Cyprus politicians may be protecting larger businesses, disagreements have arisen between the government and the troika over the treatment of bad loan guarantors.
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Fifth insolvency bill facing problems

The fifth and final bill of the "insolvency framework" has caused a new rift between the Cyprus government and Troika technocrats, particularly with regard to the proposed treatment of guarantors to bad loans.
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Cyprus programme review delayed

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.
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Troika expected in Cyprus 27 Jan

The Troika of Cyprus' international lenders - the European Commission, European Central Bank and the International Monetary Fund – are expected to return to Cyprus on 27th January.
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Repossession legislation delayed

Finance Minister Harris Georgiades had some harsh words to say after opposition MPs forced a delay in the implementation of the repossession legislation at the plenary session of parliament today.
News

Will Cyprus get next bailout tranche?

Although the foreclosures law has yet to be voted by parliament, the Cypriot authorities believe that the troika of international lenders will disburse the next tranche of the bailout on 15 December.

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