Fitch warns of Cyprus banks risk

Fitch rating agency reaffirmed Cypriot banks’ negative outlook noting the general environment poses threats to their balance sheets. In a report on the Cyprus banks, the agency notes that while they are

/

Cyprus fourth in EU defence spending

Cyprus ranked fourth among EU member states when it comes to military expenditure in 2019, after Estonia, Greece and Latvia. According to figures published on Friday by Eurostat, €168.5 bln was spent

/

Economic sentiment rises, uncertainty remains

Cyprus’ economic sentiment improved in August from July, reflecting stronger activity in services but uncertainty remains, fuelled by the Covid pandemic. The Economic Sentiment Indicator (ESI), compiled by the University of Cyprus’

Cyprus condemns Kabul terror attacks

Cyprus strongly condemned the terrorist attacks on Kabul Airport that killed scores of people and 13 US service personnel involved in the evacuation from Afghanistan. The Cypriot Foreign Ministry issued a statement

/