Latest Headlines

Reports written by George Psyllides

Saudi ‘should not have been granted’ citizenship

The citizenship application of a Saudi businessman whose jet was used by President Nicos Anastasiades should have been rejected as it failed to meet the criteria according to an Auditor General’s report.

Estia applicants hit 50% of eligible borrowers

Applications for the Estia programme, which aims to assist home owners with non-performing mortgages by providing government support, have been submitted by more than 50 percent of those eligible.

First auction of foreclosed properties

The first online auction of foreclosed properties will be held Wednesday morning kicking off at 10:00 and continuing for two hours unless a one-hour extension is granted when 16 properties will go under the hammer.

New scheme to speed building permits by 2022

A new scheme to simplify and speed up building permits should be fully rolled out by 2022 provided that 18 other actions take place, including amendments to the law and ministerial orders.

Cyprus developers defend citizenship scheme

The Cyprus Land and Building Developers Association defended the citizenship scheme saying that it had contributed to the creation of tens of thousands of jobs across many sectors of the economy.

Details of aid for Pissouri landslide victims

The Interior Ministry has released details of the aid that Pissouri landslide victims, who’ve been forced to leave their homes in the Limnes, Sheromyli, Yiousouphis, Safires, Merika, Kalogeri, Merika, and Roes areas of the village can expect.

Cabinet agrees to help Pissouri landslide victims

The Cabinet has agreed to provide humanitarian assistance to Pissouri residents whose homes have become uninhabitable to the landslide affecting the Limnes, Sheromyli, Yiousouphis, Safires, Merika, Kalogeri, Merika, and Roes areas.

Compromise foreclosures bill passed by MPs

MPs have accepted the presidential veto on changes to the foreclosures law and agreed a compromise proposal to protect vulnerable borrowers enabling them to seek recourse through the financial ombudsman.

Blunt warning on foreclosures law changes

Adjustments to the law on foreclosures could have “significant negative impact” on the Cyprus banking system warns the European Central Bank (ECB) in an email to the Central Bank governor.

Foreclosure changes may have consequences

The Finance Minister has warned that Cyprus may face consequences over changes to the foreclosure legislation passed by parliament on Friday and has urged President Nicos Anastasiades to veto the bills.

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