Cyprus Central Bank Governor Constantinos Herodotou called on Cypriot banks to bolster their efforts to further reduce non-performing loans (NPLs) while the current economic environment remains favourable. Addressing a conference on “Indebtedness
By Ivanka Pittelkau Coronavirus fears hit the markets hards causing sharp declines in equity markets, plunging stock prices and even affecting the Fed. On the other hand, investors have been flocking towards
In a show of strength French aircraft carrier, ‘Charles de Gaulle’ sailed through block 8 of Cyprus’ exclusive economic zone (EEZ) close to where the Turkish drillship Yavuz is illegally operating. The
New mortgage lending in Greece, Ireland, Austria, and Spain is offered at a higher rate than the average rate for outstanding mortgages, while for Cyprus, Belgium and Finland, the difference between new
A scrappage incentive scheme launched to encourage Cypriot motorists to replace their old high-emission bangers with new electric ones has received five times the number of applications expected. The Transport Ministry says
Washington believes Cyprus has a key role to play in East Med energy supply but warned all sides not to create further instability in the region as tensions run high over Turkey’s
Portugal and Romania have complained to Nicosia over a number of their citizens falling prey to gangs organizing fake marriages conducted by municipalities on the island. According to Philenews, Romania and Portugal
Nicosia has climbed to the top of the property sales league after 7 years of lagging behind Limassol which dominated the market ever since the citizenship for investment scheme took off in
Pure new bank lending to corporations and households amounted to €3.19 bln in 2019 marking a slight annual increase attributed to large corporate credit over €1 mln. According to data released by
By Han Tan, Market Analyst at FXTM Asian stocks on Wednesday are building on the previous day’s gains, taking their cues from Wall Street overnight, as the former attempts some form of
