Bad Bank would reduce debt mountain

Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans to focus on supporting a battered economy post-pandemic. Bank of Cyprus Financial Research

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Rise and fall of empires

By Pavlos Loizou  There is a typical cycle behind empires’ rises and declines. In the beginning, there is peace, prosperity, and productive debt growth. As the economy expands, a debt bubble is

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Strong economic recovery not a given

Cyprus’ economy will start to recover in 2021, however, at a much slower pace than the government predicts with everything riding on the speed of the COVID-19 vaccination rollout, analysts told the

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Cyprus economy to rebound 4.5% GDP in 2021

Finance Minister Constantinos Petrides expects to see the Cyprus economy bounce back from the pandemic with 4.5% GDP growth in 2021 following a 5.5% contraction during last year’s health crisis. Addressing Invest

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State budget passes after bumpy ride

Following its unprecedented rejection, Cyprus’ revised 2021 budget was narrowly approved by parliament with the government relieved to see millions for coronavirus support unlocked. The €17.1 bln budget was passed on Thursday

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