Compensation for 'haircut' depositors and bondholders to begin in 2025
February 6, 2025
The Cypriot government plans to start disbursing compensation for 'haircut' depositors and bondholders by the end of the first half of 2025. The Minister of Finance announced that about 13,000 applications have been submitted, with the assessment process expected to be completed soon. Compensation will be phased due to limited resources. These developments provide hope for the restoration of injustices from 2013.