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1st December 2022
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Staff Reporter

Moody’s upgrades Cyprus’ rating

Moody's ratings agency has upgraded Cyprus' sovereign rating to Ba1 from Ba2 and changed its outlook to stable from positive on a decrease in...

First court ruling against bank for unfair terms

Lawmakers on Thursday welcomed the first court judgement against a bank for unfair terms of contract, but still harangued the banks for acting with...

Cyprus to expand mortgage relief scheme

Cyprus is looking into ways of expanding a relief scheme subsidising borrowers with toxic mortgages to cover borrowers who failed to make the first...

Swiss Franc loan nullified following ECJ ruling

A legal test case resulted in a Swiss Franc loan being declared null and void by the Warsaw District court on Friday, leaving the banks in Poland open to losses estimated at €10.2 billion.

New criteria for passport scheme

New criteria for those wishing to obtain a Cyprus passport through the much criticised citizenship by investment scheme will come into force next week and will include due diligence checks on applicants.

MPs say no to foreclosures veto

Cyprus MPs have voted to reject President Nicos Anastasiades' veto on changes to the foreclosures legislation designed to freeze repossessions of primary residences until October.

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