The House of Representatives will hold a special session on Tuesday to discuss the loan agreement and Memorandum of Understanding with the troika.

Documents relating to the bailout agreement were sumbitted to the House yesterday by Finance Minister Haris Georgiades.

These include the final version of the memorandum, the loan agreement and also general and special conditions of the loan agreement.

The memorandum provides that if Cyprus would wish to prematurely end the 20-year-long loan agreement it has to pay a 100 million euro penalty.

Parliament will also debate on Tuesday a bill on an immovable property tax which is provided for by the memorandum, as well as other bills emanating from the Eurogroup decision on Cyprus.

The memorandum provides for new road fees tied to the environmental characteristics of vehicles, hikes on taxes and cuts on salaries and pensions and a reduction in the number of people employed by the government.