Banks’ Non-performing facilities (NPFs) decreased by €24 million in July 2018 to €16.61 bln from €16.63 bln in the previous month, according to figures released by the Central Bank of Cyprus. The
France's Bouygues Batiment International, the owner of 21.99% of Hermes Airports, is reportedly in advanced negotiations with Chinese investors to sell their stake in the Cyprus operation. According to Phileleftheros daily, Chinese
An eight-year low in the number of unemployed was recorded in October this year according to data released on Monday by the Cyprus Statistical Service (CyStat). People registering as unemployed in October
Nicosia is committed to implementing its Digital Governance strategy, aiming to benefit from the possibilities presented by the digitalisation of public administration. Remaining committed to the Digital Strategy introduced in 2012, the
Overall lending from Cyprus banks during the first nine months of 2018 has dropped despite the significant decrease in interest rates and the economic growth the country has witnessed. According to Central
Debt owed by households and businesses recorded a small drop on a quarter-to quarter basis in April to June, Central Bank of Cyprus data shows. Financial assets of households were at the
Nicosia’s only five-star hotel is up for grabs as its owner, the Cyprus Tourism Development Company, is seeking to sell it before the end of the year. The owners of Hilton Cyprus
Cyprus Finance Minister Harris Georgiades has reaffirmed the need for the partial privatization of the Cyprus Telecommunications Authority to go ahead as laid out in the government’s budgetary plan. Georgiades, presenting the
In October economic sentiment in Cyprus deteriorated as the University of Cyprus Economic Sentiment Indicator (ESI-CypERC) decreased by 2.4 points compared with September. It said the decline was mainly driven by lack
The current volatility in global equity markets does not signal the end of the remarkable decade-long bull market run, according to Momentum Investment Director Glyn Owen. Owen sounded a note of calm
