Business - Page 2

Moody’s welcomes toxic bank loans slashed 43%

A Moody’s analysis said nonperforming exposures held by Cyprus banks declining 43% despite the pandemic is credit positive for the economy. The Central Bank of Cyprus said Cypriot banks’ nonperforming exposures (NPEs)

Cyprus jobless rises by 25% in March

Registered unemployed in Cyprus rose by 25% annually in March to 29,676 as the labour market suffered from lockdowns and the coronavirus pandemic’s prolonged effects. According to the Cyprus Statistical Service, unemployment

€15 mln funding to boost Research & Innovation

To strengthen Cyprus’ science and business community, the Research & Innovation Foundation (RIF) has launched a new €15 mln funding programme to improve poor performance in this sector. Four new programmes, each