eu directive compliance

eu directive loan legislation

Harmonizing Cyprus Loan Legislation with EU Standards

The EU Directive 2021/2167 is essential for Cyprus’s loan legislation, regulating credit servicers and purchasers to create a healthier market for nonperforming loans. This integration ensures transparency and aligns Cyprus with EU financial standards, crucial for the country’s banking sector dealing with significant NPL volumes.

asylum application process legislative amendments

Asylum Application Process Contested in Cyprus

Proposed legislation in Cyprus aims to shorten asylum application and appeal timeframes, facing opposition over concerns for constitutional rights and financial burdens on asylum seekers. The changes are intended to manage migrant flows more effectively, but compliance with the EU legal framework is necessary to ensure access to justice for asylum seekers.

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