State is way behind on building payments
Contractors have accused the Cyprus government of deliberately delaying inspections of works to delay payments; some of them have been owed money since 2008 and the amounts are very high. The post...
View ArticleCyprus-style bail-in EU Directive
An EU Directive setting out a Cyprus-style bail-in mechanism for the resolution of failing banks, which harmonises and improves the tools for dealing with bank crises across the EU, came into effect on...
View ArticleMortgage regulation tightened
The Mortgage Credit Directive 2014/17/EU aims to enhance consumer protection for those buying residential property and should end devious banking practices in Cyprus and other EU member states. The...
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