BANKS must “by hook or crook” find a way to recoup loans given to insolvent developers once ‘trapped’ properties are finally released to home buyers, Interior Minister Socrates Hasikos said on Thursday.
“Back when they were dishing out loans like there was no tomorrow, what were they...
NON-PERFORMING loans (NPLs) in the Cyprus banking system remain very high, two months after the implementation of the new foreclosures and insolvency laws.
Although some of the banks have started to initiate foreclosure proceedings on properties pledged as collateral, new figures from the Cyprus...
SPEAKING with the Cyprus News Agency earlier today, head of the Cyprus Insolvency Service Giorgos Karotsakis said that the Service had received four applications since details of the scheme were published on 7th August.
Mr Karotsakis expects that many more applications will be submitted soon as...
THE GOVERNMENTAL Insolvency Service has been inundated with information requests about the debt forgiveness scheme, the head of the service said on Thursday.
Giorgos Karotsakis told the state broadcaster that over the last week alone hundreds of people have been downloading the printable debt...
Theodoros Aristodemou (Photo credit: Ό Φιλελεύθερος)
THE STATE has appealed a court decision to acquit prominent developer Theodoros Aristodemou, his wife, and two others, in connection with a suspicious land development project in Paphos.
The decision was issued by the Paphos Criminal...
