Foreclosures in Cyprus on primary residences suspended for 4 months

NICOSIA, Nov. 10 (Xinhua) -- Foreclosures on primary residences owned by vulnerable groups of the population will be suspended until the end of February, credit acquiring companies and credit servicers said on Thursday.

A statement issued by the Association of Credit Management Companies said their decision was voluntary.

This move is expected to save the country from the potential negative impact of havi