Cyprus is still experiencing excessive macroeconomic imbalances, involving a very high share of non-performing loans burdening banks and high private, government, and external debt, the European Commission said Wednesday. This view is
Interior Minister Nicos Nouris told MPs Monday there was not a chance of the government resurrecting the disgraced passport for investment scheme. He said the Cyprus Investment Programme has been terminated once
There was a 36% year-over-year (YoY) increase in contactless transactions in Ireland, reaching $3.4 bln in Q3 2020, while the number of transaction surged 77% YoY to 182 mln, according to data
By Panos Danos The Cyprus government and Nicosia Municipality should collaborate with the retailers and other traders in their efforts to promote the centre of the Cypriot capital and support its local market. This collaboration
The government announced Thursday it would provide another €30 mln a month to further support workers and businesses affected by the pandemic and measures introduced to tackle it. Finance Minister Constantinos Petrides
The pandemic had a less severe impact on the Cyprus banking system’s capital adequacy in the second quarter of 2020, as banks front-loaded provisions from the beginning of the outbreak. According to
Moody’s Investors Service affirmed all ratings and assessments of Bank of Cyprus and Hellenic Bank, including their long-term deposit ratings of B3. The outlook on both banks’ long-term deposit ratings remains positive.
Google’s former CEO Eric Schmidt is on his way to getting a Cyprus passport after being approved by the government through the now-defunct Citizenship by Investment Scheme. According to American media outlet
Stock markets are “overthinking the positive vaccine news,” with stock markets soaring after drug firms Pfizer and BioNTech announced that their Covid-19 vaccine was 90% effective in tests, a leading financial advisor
Trade finance is seen as the most practical and cost-effective solution to help small-to-medium-sized companies (SMEs) avoid bankruptcy, according to Eurivex Trade Finance, a provider of alternative funding solutions. The pandemic has
