House approves 2020 budget with conditions

Cyprus Finance Minister Constantinos Petrides welcomed parliament passing the €9.4 bln 2020 state budget for the government to continue on the path of economic stability, growth and shielding the economy from external risks. The budget was approved by the majority

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Cyprus car sales slump 7.1%

Car sales were down by 7.1% in 2019 compared to the previous year with dealers calling on the government to push the much-awaited scrappage incentive package to revive the stagnated market. After


Bad loans reduce slightly to €9.7 bln

Non-performing facilities in Cyprus banks recorded a slight decrease of around €1.4 mln in August 2019 compared to the previous month with total NPFs representing 29.3% of total loans. According to data

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