Cyprus recorded the biggest reduction of Non-Performing Loans (NPLs) in the EU, with -32.02% drop, between Q3 2017 and Q3 2018, according to a European Commission report. More specifically the stock of
Central Bank governor Constantinos Herodotou argues that Cyprus needs to develop a culture of prevention rather than reaction to external uncertainties and risks that could derail the economy. Speaking at
Greek Prime Minister Alexis Tsipras has warned that Turkey’s illegal actions in Cyprus’ Exclusive Economic Zone (EEZ) and the Aegean will have negative consequences. He said a Turkish drillship entering Cyprus waters
Cyprus bank branches and employees cater to fewer customers than other bank networks in the European Union because there’s so many. Despite a significant shrinking of the number of branches, and early
Cypriot authorities on Wednesday recovered what they believe are the remains of a six-year-old Filipina child at the bottom of a lake, the seventh and last victim of a suspected serial killer,
The EuroAsia Interconnector, the Israel-Cyprus-Greece electricity link remains on the official list of European projects of common interest (PCI) making it eligible to receive some €300 mln in EU grants for the
Parliament’s Commerce Committee has completed discussion on a bill which regulates short-term lets of self-catering Airbnb-type accommodation that will go to a vote on Friday. MPs have agreed a less stringent version
. The transition from structured monopolies to free electricity markets, aiming at full competitiveness in electricity generation and electricity supply, creates challenges that often require regulatory intervention. The purpose of intervention focuses
Building permits issued in Cyprus in the first three month to March increased by an annual 5.01% reaching 1,591 from 1,515 in the same quarter of last year, the Cyprus Statistical Service
European Commission President Jean-Claude Juncker said the non-resolution of the Cyprus issue is "one of his regrets" during his tenure at the helm of the executive branch of the EU. Juncker stated
