2021-04-22 17:35:20 GMT2021-04-23 01:35:20(Beijing Time) Xinhua English
NICOSIA, April 22 (Xinhua) -- Cyprus' government on Thursday approved a supplementary scheme designed to help people who cannot repay their housing loans to save their mortgaged primary dwelling from bank foreclosure, an official statement said.
The new scheme will supplement the so-called Estia plan, under which debtors were able to restructure their loans considered non-performing at the end of December 2019, a legacy of the 2013 financial crisis that forced Cyprus into bailout.
The statement said that around 1,850 households, either with very low income or without any immovable property, had been identified as eligible to apply for the scheme.