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Monthly Archives: December, 2013

Legal Matters

MEP questions compliance with MoU (update)

Nigel Howarth -
UPDATE 10/12/2013 - MEP Daniel Hannan has raised a question in the European Parliament asking the Commission what action it is taking to ensure that Cyprus complies with the requirements of the MoU as agreed with the troika.
News

Title Deeds, transfers, mortgages and permits report

Nigel Howarth -
The Department of Lands and Surveys has published its second set of statistics relating to one of the provisions agreed between Cyprus and the troika in the Memorandum of Understanding (MoU).
News

Government plans to offer homeowner rescue scheme

Nigel Howarth -
The House Human Rights Committee has heard that the Cyprus government is planning to offer a rescue scheme to help homeowners who are unable to maintain their mortgage repayments.
Articles

Debt relief or foreclosures?

Editorial -
The debate continues as to whether a debt relief programme should be introduced to assist those who can no longer afford the loan repayments on their first home to avoid foreclosure.
Articles

Cut interest rates, write off debt …

George Mountis BSc, MSc, Ph.D -
The Cyprus government must take a close look at the excessive household and business debt, and urgently raise the issue of possible debt write-offs, obviously under certain conditions and restrictions.
News

Applications for residency on the rise

Constantinos Psillides -
Applications by third country nationals for residency permits over the last two years have resulted property sales valued at around €270 million with another €27 million deposited in local banks.

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