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Economy - Page 35

‘No room for complacency, reforms must be pushed through’

New Finance Minister Constantinos Petrides warned against complacency regarding the economy as he reaffirmed the government’s commitment to ensure its justice and local administration reform agenda is implemented. Presenting the 2020 state

6th December 2019
Cyprus/Economy

New Finance Minister says privatising Cyta a priority

Privatising the Cyprus Telecommunications Authority (Cyta) and continuing the government’s fiscal policy are top of the new Finance Minister Constantinos Petrides’ to do list. He told parliament during his first appearance as

6th December 2019
Cyprus/Economy

Cyprus records annual deflation of 0.5% in November

Cyprus recorded annual deflation of 0.5% in November 2019, while for the first 11 months of the year inflation of 0.2% was recorded. The Consumer Price Index (CPI) increased in November by

6th December 2019
Cyprus/Economy

Cyprus wants MPs to release EUR 9 mln for Hollywood film

The Finance Ministry has urgently requested that parliament to release €9 mln in reimbursements owed to martial arts film Jiu Jitsu, partly shot in Cyprus featuring Hollywood star Nicolas Cage. The Hollywood

5th December 2019
Cyprus/Economy

Registered jobless reaches decade low in November

Registered unemployed registered at District Labour Offices, based on data adjusted for seasonal fluctuations, reached November 2019, the lowest level since February 2010. According to official data, unemployed persons registered on the

4th December 2019
Cyprus/Economy

Hellenic Bank posts net profit EUR 89.4 mln for nine months

Enlarged Hellenic Bank said its robustness is demonstrated by its nine-month financial results in posting €89.4 mln after-tax profits. Hellenic boasts being Cyprus’ leading retail bank with the largest branch network with

2nd December 2019
Cyprus/Economy

Cypriot bank deposits and loans dip in October

Total deposits and loans in the Cypriot banking system decreased in October, according to Central Bank of Cyprus data. Total loans in October 2019 decreased by €75 mln, compared with a net

29th November 2019
Economy

Central Bank urges banks to prepare Plan B for toxic borrowers

Cyprus Central Bank governor Constantinos Herodotou has called on banks to draw up a Plan B on how to deal with thousands of defaulted borrowers who will not join the government subsidised

28th November 2019
Cyprus/Economy

Bank of Cyprus posts EUR 19 mln net profit in Q3

The island’s largest lender Bank of Cyprus posted after tax profits of €19 mln for Q3 2019 and €116 mln for the first nine months as it continues on the road to

26th November 2019
Cyprus/Economy

ECONOMY: Cyprus household electricity prices among the highest in EU

Cyprus has the 7th most expensive electricity market in the EU charging 0.2203 euro per kWh (0.172 excluding taxes and levies) and registered the third largest hike in prices over a year-long

26th November 2019
Cyprus/Economy
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