The Cypriot banks should take more radical measures to reduce their high stock of non-performing loans (NPLs) as the tool of restructurings is not enough, CDentral Bank Governor Chrystalla Georghadji told House
The Economic Sentiment Indicator (ESI-CypERC) Economics Research Centre of the University of Cyprus increased by 2.8 points in November compared with October. The increase was driven by a boost in services confidence
During a recent session, the College of EU Commissioners, has approved a nomination submitted by the Maritime Transport Directorate of the European Commission, for the appointment of Thomas Kazakos, Director General of
Residential prices for both houses and flats increased on a quarterly basis by 1.6% and 1.5%, respectively, in the second quarter of 2017 with the biggest increase being in Limassol with quarterly
Capital Intelligence, the Limassol-based international rating agency, said it has assigned a positive outlook to Hellenic Bank’s (HB) Financial Strength Rating (FSR), reflecting the positive trend in loss reserve coverage, as well
* NPLs down 6%, launches property fund * Bank of Cyprus Holdings announced EUR 553 mln in losses for the first none months of the year, a dramatic turnaround from the
The European Bank for Reconstruction and Development (EBRD) and the Ministry of Energy, Commerce, Industry and Tourism launched the new Advice for Small Businesses Facility. According to an EBRD announcement, the event
Finance Minister Haris Georghiades said that the economy grew 3.9% in the third quarter of the year, equal to a revised second quarter growth rate of 3.9%, he told a parliamentary briefing.
Moody’s warned on Monday that the slow pace of loan restructurings in the Cypriot banking system may create a need for additional provisions, which would erode the banks’ capital. On the backdrop
More than 70% of the tourists who participated in a survey commissioned by the Cyprus Tourism Organisation said they were ‘completely satisfied’ with their stay in Cyprus between July and October this
