Send to Kindle
File photo
The Cypriot Parliament has postponed the debate and vote on the levy on all bank deposits imposed to partially fund an international bailout needed to stave off bankruptcy.
State television said that Sunday's parliamentary debate was postponed to "ensure MPs were fully aware of the situation and were better informed."
All meetings were postponed until Monday, the Cyprus News Agency reported.
The decision to impose the one-time levy of 6.75 percent on all deposits under EUR 100,000 and 9.9 percent over that amount, has triggered scorn from Cypriot politicians who condemned it as unfair, bringing in doubt its approval in parliament.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Prosecutor's Office has initiated an investigation into the alleged bankruptcy during December 2022 to June 2023, causing damages of BGN 81 million to the Ministry of the Interior
On the early morning of January 5th 2024, KISA, an anti-racist organization based in Cyprus, endured a violent and targeted attack in its offices
Vice President Iliyana Yotova stated that Bulgaria is not facing bankruptcy
There is no risk of bankruptcy of the state, nor of the intervention of the International Monetary Fund and the need to take out new debt
Bulgaria is threatened with bankruptcy. There is a serious problem in maintaining fiscal stability
The turmoil in the US banking sector following the collapse of Silicon Valley Bank (SVB) should have only a limited impact on European banks, which are organized differently
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
More than 100 pro-Palestinian demonstrators were arrested Thursday night at Columbia University in New York City
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
Ukraine's military announced the destruction of a Russian Tu-22 strategic bomber, allegedly involved in nighttime airstrikes targeting Ukrainian cities
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
