Nicosia, Cyprus. Finance Minister Makis Keravnos on Tuesday ruled out discussions on a blanket freeze of foreclosures after meeting a Disy delegation led by party president and House Speaker Annita Demetriou. Cyprus and Ethiopia also moved to deepen business ties at the Ethio–Cyprus Investment Forum 2026 in Nicosia.
Foreclosure policy and monitoring
Keravnos said decisions on foreclosures must be reasonable and balanced, warning against measures that could create further economic problems. He said Cyprus is being monitored by rating agencies, the European Union and the institutions from which it has borrowed and which assess it.
Keravnos said broad interventions regarding foreclosures are currently off the table, specifically ruling out any attempt to implement a universal freeze. He said horizontal issues regarding foreclosures, with a freeze of foreclosures at this time, should not be discussed.
Focus on institutional framework
Keravnos emphasised the need to strengthen the existing institutional framework governing the handling of distressed loans and property repossessions.
Ethio–Cyprus Investment Forum 2026
Cyprus and Ethiopia discussed opportunities across sectors at the recently held Ethio–Cyprus Investment Forum 2026 in Nicosia, with investors, officials and business leaders taking part.
The high-level forum was organised by the Embassy of Ethiopia to Cyprus in collaboration with the Honorary Consul of Ethiopia to Cyprus on March 13, bringing together entrepreneurs, diplomats, institutional representatives and senior government officials from both countries.
Participants examined prospects for cooperation in agribusiness, critical minerals, pharmaceuticals, energy and renewable resources, information and communication technologies, tourism and hospitality, infrastructure and construction, shipping and maritime services, as well as financial and professional services.
What do you think should be prioritised in Cyprus’s approach to foreclosures and distressed loans?
