Cyprus seeks rent scheme to tackle €3 bln NPLs

Cyprus and the EU are expediting the process to transform the state-owned Asset Management Company (KEDIPES) into a nationwide AMG to launch a mortgage-to-rent scheme. The scheme will cover non-performing loans collateralised

Bear market Friday

By Jeffrey Halley  A massive risk aversion wave swept markets overnight, with the Bank of England raising rates by 0.25% to 1.0% in a split decision (three members wanted 0.50%), in line

/

COVID19: Cyprus jabs 86.7% of adults

The percentage of fully vaccinated adults against COVID-19 in Cyprus has reached 86.7%, according to the Health Ministry. Evagoras Tambouris, deputy director of Nursing Services at the Health Ministry, told CNA that 12,553

Europeans endorse tough stance on Ukraine war

There is a large consensus among Europeans in favour of the EU’s swift united response to Russia’s invasion of Ukraine, according to a Flash Eurobarometer survey. The majority of Europeans think that

Toxic bank loans rise to 11.7%

The rate of non-performing loans in the Cyprus banking sector increased to 11.7% of total loans in January from 11.1% at the end of 2021, data released by the Central Bank of Cyprus on