Recovery plan will add 7% to Cyprus GDP

Cyprus’ recovery and resilience plan to make the economy socially and environmentally sustainable will increase GDP growth by 7% over the five-year implementation, said Finance Ministry official George Pantelis. At the online

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DBRS: Banks slash toxic loan legacy

DBRS Morningstar rating agency reports that Cypriot banks substantially accelerated the reduction of their legacy NPEs in 2020, dropping by 10 percentage points. It noted that NPEs not provisioned for reached their

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UN envoy to visit amid fading hopes

According to a diplomatic source, UN special envoy Jane Holl Lute will visit Cyprus on June 21 to hold contacts with the two Cypriot leaders to gauge whether a new summit to

COVID19: Vaccine portal open to all ages

Health authorities reiterated that only through vaccinations will the coronavirus pandemic be effectively controlled, while from Friday onwards, the online portal will be accessible for everyone over 18. Cyprus’ much improved epidemiological