Massive state intervention prevented a rise in non-performing loans (NPLs) during the Covid-19 pandemic in central, south-eastern Europe (CESEE), but the quality of bank assets after the phasing out of measures “remains uncertain”, according
Total new bank loans in April declined compared with the previous month, mainly due to the reduction in demand for new corporate loans while new consumer credit increased. According to the Central
Plans are already underway to create a distinctive Japanese cherry blossom park in the Nicosia mountain village of Campos, where cherries are grown. Agriculture Minister Costas Kadis and the new Ambassador of
British Bases Customs and Immigration’s efforts to tackle illegal migration and smuggling along its boundary in the Eastern SBAs have been boosted after officers took delivery of four new specialised BMW patrol
Cyprus reported one coronavirus death and an increase in new infections to 80 on Monday, while hospitalisations remained stable. The health ministry said in its daily Covid bulletin that a 70 year
Cyprus’ tarnished passports for cash scheme operated for 13 years with minimal oversight as the government broke the rules in granting citizenship to investors, an inquiry ruled. An inquiry into the scheme
A decision by the G7 to impose a global minimum tax rate appears not to affect Cyprus’ competitive corporate regime, Finance Minister Constantinos Petrides said. In a written comment to Reuters, Petrides
By Charles Ellinas Turkey’s President Erdogan announced the discovery of a large natural gas deposit at the prolific Sakarya gasfield in the Black Sea. Another 135 billion cubic metres (bcm) gas was
The Turkish Cypriots are continuing infrastructure works to open up part of the fenced-off abandoned ghost town of Varosha, in Turkey-occupied Famagusta. CNA photographer Katia Christodoulou revisited the area when the crossings
Limassol Marina, the first superyacht marina on the island that opened to the public in 2014, has concluded its residential development by completing its final units, the exclusive Castle Residences. The delivery
