Extension until 30 September 2026 in all categories of the regulation on loans to a Swiss franc provides for the new bill of the Ministry of National Economy and Finance, giving additional time to the borrowers concerned to take advantage of the framework for settling their debts, noted in an interview by the Minister of National Economy and Finance, Kyriakos Pierrakakis.
He pointed out that citizens' response to regulation is particularly positive.
As the Minister said, to date they have joined the programme about 17,000 borrowers, a figure corresponding to almost 50% of those with housing or other loans linked to the Swiss franc. "The regulation is progressing very well and citizens' participation confirms that there was a real need for a meaningful solution to this issue", noted features in his interview on the Parapolitan radio.
It is recalled that the deadline for the category of borrowers not subject to specific income or asset criteria was due to expire on 19 June 2026, while for the remaining categories of beneficiaries the deadline was 19 August 2026. With the new extension, all stakeholders gain extra time to consider the options available and join the arrangement.
Referring to the Property Acquisition and Releasing Body, Mr. Pierrakakis stated that an offer has been submitted, which is under assessment by the competent authorities. The aim of the government is to complete procedures within the next few months so that the Agency can fully operate the autumn of 2026, offering an additional protection tool for vulnerable households.
As he said, the entity is a tool to protect the first residence, enabling the lessee to stay for 12 years, with a state rental subsidy and the possibility of repurchasing the property from the lessee.
With regard to developments around the Katseli Law and the recent Supreme Court ruling, the minister made it clear that the Justice decision would be implemented properly. However, as he pointed out, the Ministry is carefully examining how it is implemented, as this is a complex decision that presents interpretive difficulties.
"The Supreme Court's decision will obviously be implemented. But we are looking for the best possible solution for its implementation, as there are issues that require careful processing," said Mr. Pierrakakis, adding that a special committee of the Ministry is already working in this direction, examining all the parameters to form a clear and operational framework for implementation.
The extension of the rules on loans to a Swiss franc is expected to give new impetus to the participation of borrowers, while also part of the government's overall effort to manage chronic outstanding issues, concerning private credit and protection of the first residence.
For another 6 months, the 50-75% discount scheme will be extended to hybrids.
"In the bill there is provision for plug-in electrically, with connection to common sense," he added. "We will extend for another 6 months the 50-75% discount scheme in hybrids and this also concerns what has been purchased in the last 6 months and not classified, so that there is no surprise. From 1/1/2027 a 50% discount will apply to plug-in cars".