FINANCE

Fifth Insolvency Bills Approved

The fifth and final bill of the insolvency framework – a legislative package whose completion is expected to see the full implementation of the island’s foreclosures law – has been approved by t [...]

BY OPulse Admin
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Mar 06 2015

Russian navy vessels to dock in Cyprus

Russian navy vessels will dock in Cypriot ports as part of an agreement signed between the two countries on Wednesday, Russia’s President Vladimir Putin said. Speaking through an interpreter during [...]

FINANCE
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BY OPulse Admin
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Feb 26 2015

Greek deal prompts calls to renegotiate bailout

Political parties and government officials on Saturday greeted the previous day’s Eurogroup agreement with Greece with relief, with some demanding of the president go ahead and renegotiate Cyprus’ [...]

FINANCE
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BY OPulse Admin
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Feb 23 2015

Insolvency Framework: Will Troika Give the Green Light?

The extended discourse surrounding Cyprus’ essential – and as yet, unimplemented – foreclosures and insolvency legislation continues, will latest developments reportedly pending approval from th [...]

FINANCE
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BY OPulse Admin
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Feb 19 2015

Eurozone, Greece fail to agree way forward following meeting

Eurozone finance ministers were unable to agree with Greece a final statement or a way to continue talks until their next meeting on Monday, following hours of discussions in Brussels to extend an int [...]

FINANCE
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BY OPulse Admin
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Feb 12 2015

Troika Tables New Insolvency Proposal

Cyprus’ Troika of international lenders – comprising the European Commission, European Central Bank and International Monetary Fund – yesterday tabled a new proposal on the fifth bill of the ins [...]

FINANCE
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BY OPulse Admin
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Feb 08 2015

Cyprus Records Highest Decrease of Debt to GDP Ratio

Cyprus recorded the highest decrease (-5.1%) in the ratio of public debt during Q3 of 2014, compared to Q2. As a result, public debt stood at 104.7% of GDP during the third quarter, compared to 109.8% [...]

FINANCE
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BY OPulse Admin
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Jan 24 2015

Land Registry corruption investigation

A number of land registry officials were taking bribes according to an internal audit and are under investigation for corruption; warrants have been issued to locate the money they took.AUTHORITIES ar [...]

FINANCE
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BY OPulse Admin
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Jan 22 2015

Cyprus programme review delayed

The European Commission has said that it cannot continue with the next review of the Cyprus adjustment programme following a decision by parliament to delay the Foreclosures Law.FOLLOWING a decision b [...]

FINANCE
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BY OPulse Admin
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Jan 19 2015

Troika Mission Expected in Cyprus on January 27

Technocrats of Cyprus’ Troika of international lenders – comprising the European Commission (EC), European Central Bank (ECB) and the International Monetary Fund (IMF) – are set to return to Cyp [...]