INFORMATION tabled in parliament today reveals details of the size of the problem with the balance sheets of the Cypriot banks.
Speaking at the House Institution Committee today the Governor of the Cyprus Central Bank Chrystalla Georghadji disclosed that €14.8 billion of total loans amounting to...
FOUR OF five bills comprising the insolvency framework were presented by the finance ministry and discussed in a joint session of the House finance and interior committees on Monday.
The committees decided to allow the government one week, in order to deliberate with all stakeholders, before...
FOLLOWING a decision by the Cyprus parliament ratifying the suspension of the foreclosure law on Thursday, the European Commission has stated that it cannot continue with the next review of the Cyprus economic adjustment programme.
At a plenary session of parliament 32 MPs voted to suspend the...
THOSE who purchased property in Cyprus and elsewhere with the aid of a loan denominated in Swiss Francs will be devastated to learn that the Swiss National Bank scrapped its minimum exchange rate today.
The unexpected end to the three-year-old cap saw the Swiss Franc jump to a record against the...
THE Cabinet yesterday gave the nod to the fourth of five government bills comprising a package of bankruptcy-related legislation.
Collectively known as the insolvency framework, the bills are designed to update and amend personal and corporate bankruptcy laws to help borrowers restructure their...
