Despite the setbacks of the decisions of Eurogroup international shipping companies continue to support the Cypriot economy contributing around 7% of GDP, said Director General of the Cyprus Shipping Chamber, Thomas Kazakos.
The dependence of Cypriot banks on the Emergency Liquidity Assistance (ELA) in December 2013 recorded a further decrease by €224 million, with the amount dropping to €9.55 billion in the last month
Transparency International Cyprus has welcomed the European Commission’s first EU Anti-Corruption Report, an in-depth assessment of all 28 member states’ strengths and weaknesses in curbing corruption. The report also includes an 8-page
The Association of Cyprus Banks discussed with Troika technocrats its concerns over the new classification of non – performing loans and the impact this may have on the financial results of banks.
Non performing loans by commercial banks and the co – operative sector inside and outside Cyprus stood at 25.24 billion euro by September 30th 2013, according to figures published by the Central
Unemployment in Cyprus reached a new record high in January 2014, with 52,783 unemployed people registered, compared to 50,467 in December 2013. According to the Statistical Service of the Republic of Cyprus,
What Cyprus financial sector needs to resolvc the problems is facing is an investment, Chairman of Cyprus National Economy Council, Nobel prize winner Christoforos Pissarides, has said. Pissarides, who was speaking to
Housing loan rates in Cyprus continued on a downward trend in December 2013, reaching their lowest level since June 2010. Consumer loan rates also fell reaching their lowest level in the last five
Cyprus Energy, Commerce, Industry and Tourism Minister Giorgos Lakkotrypis said that the interim solution for the arrival of natural gas for energy production is expected to be clarified by March, when the
Cyprus recorded a small drop in registered unemployment measured on a seasonally adjusted basis in January, with unemployment falling to 48,939 persons from 49,643 in December. On a non-seasonally adjusted basis registered
