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28th March 2024
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Monthly Archives: December, 2014

Non-performing loans at 49 per cent

Non-performing loans (NPLs) in the Cypriot financial system stood at 49% of total loans at the end of October 2014, from 48.5% in the previous month, according to data released by the Central Bank of Cyprus.

Protection for crisis-stricken homeowners

Crisis-stricken homeowners will be offered protection against foreclosure under the provisions of the fourth bill of the 'insolvency framework', which has been handed to political parties for their views.

Who are MPs trying to protect?

While the bun fight over the foreclosures law between the political parties continues, you really have to wonder who opposition MPs are trying to protect by delaying its implementation.

It’s naïve to think politicians will get us out of this mess

As it was dishonourable and dishonest politicians who got us into this mess it's naïve to expect them to get us out of it; as they demonstrated when they voted to delay the foreclosures law.

Our top 10 stories from Cyprus in 2014

Since the start of 2014 Cyprus Property News has attracted more than a million visitors and here is our list of the Top 10 stories that have attracted the most interest from our readers.

IMF suspends Cyprus loan tranche

The International Monetary Fund (IMF) has suspended the release of rescue money for Cyprus as "critical requirements for the completion of the fifth program review are now no longer met".

Top Stories