Brussels, 17/04/2015 (Agence Europe) - On Friday 17 April, after months of uncertainty about the future of a new law on property repossession/foreclosures passed but currently suspended, the Cypriot parliament is expected to vote to end the suspension. The voting, however, has been delayed.
The parliamentarians have taken measures to protect the most vulnerable while remaining within the requirements of the Cypriot structural adjustment programme explained an MP from the governing party, Prodomos Prodomou, to this newsletter. He said he expected the tax law to go through by a narrow majority with 29 of the 56 votes, with the support of Giorgos Lillikas of the Citizens' Alliance.
The troika suspended its mission in early February because of the constant round of suspensions of the foreclosures law, but Cyprus expects the troika to return later this month.
Cyprus Mail reports that businesses say that during a visit of the Cypriot president, Nicos Anastasiades, Greece is preparing to announce an exemption for Greece, Ireland and Bulgaria from the punitive 26% levy on imports into Greece of goods and services from countries with a company tax rate of below 13%, a tax law passed in Greece on 20 March. As initially planned, the levy would have been refunded once the importer had proved that the transaction was genuine and not fictitious. (Elodie Lamer)