The request for the transformation of Cyprus Asset Management Company (KEDIPES) into an asset management body and the implementation of the mortgage-to-rent plan is expected to be formally submitted to the Directorate General of Competition next July, said a Ministry of Finance official, stressing that the Government is processing the issues of eligibility so that the new plan for the protection of the first residence and professional housing does not have the same results as the ESTIA plan.
Speaking before the Parliamentary Committee on Finance, Anthi Chrysostomou Lapathioti, Director of the Financial Stability Department at the Ministry of Finance, did not provide specific information as the issue is being processed by an external consultant, in order to complete the plan to the General Directorate of Competition.
At today`s meeting of the Committee, the i
Source: Cyprus News Agency