Cyprus Parliament discusses non-performing loans

Date:

Urgent session focuses on NPL legislation

The last and extraordinary session of the Cyprus House of Representatives will focus on the management of non-performing loans (NPLs) and property foreclosures. A series of bills and proposals will be voted on, while organisations plan a protest outside the parliamentary building.

Parliamentary agenda

The plenary convenes at 10:00 a.m. on Holy Monday, with two government bills and 19 private members’ proposals on the agenda. These include initiatives by Marinos Sizopoulos and Ilias Myrianthous on behalf of EDEK, proposals from AKEL, ELAM, the Movement of Ecologists, independent MP Alexandra Attalidou, and several cross-party co-signed proposals.

Protests scheduled outside Parliament

At 10:30 a.m., several organisations, including the Anti-Foreclosure Movement and the Movement of Ecologists – Citizens’ Cooperation, will hold a protest outside the House. Other groups, such as PEO, have expressed support. Demonstrators are calling for the end of perceived injustices against borrowers facing foreclosures.

Source: CNA


Also read: Easter allowance for low-income pensioners approved
For more videos and updates, check out our YouTube channel

Share post:

Popular

More like this
Related

ON THIS DAY: Michelangelo’s David unveiled in Florence (1504)

On 8 September 1504, Michelangelo’s David was unveiled to...

Lake America or Lake Ontario: Who decides a place name?

Open Google Maps in Toronto and you may see...

Cyprus, Greece and Egypt reaffirm strategic ties after summit

Cyprus, Greece and Egypt have reaffirmed their strategic partnership...

GSI cost could exceed €1.9 billion

The cost of the Cyprus-Greece electricity interconnection, known as...