Nicosia’s proposals for vulnerable citizens

Cypriot Finance Minister Makis Keravnos submitted several government actions aimed at addressing issues related to nonperforming loans to Parliament on Wednesday.

In a letter addressed to Speaker of the House Annita Demetriou, the Finance Ministry emphasized that the proposed framework is considered satisfactory and provides a "safety net" for vulnerable groups.

The letter informed Parliament about the approval of an amendment to the Courts (Special Jurisdiction) Law. The amendment aims to regulate the resolution of disputes between borrowers and creditors concerning credit facilities secured by main residences valued at up to 350,000 euros within the district courts.

The government stated its intention to strengthen and enhance two legislative proposals submitted by parliamentary parties. Specifically, in relation to the AKEL proposal concerning the pricing...