* But high public debt remains a constraint, NPLs at 25% of loans * Ireland's (Baa1, stable) economy is recovering at a reasonably strong pace now, and its fiscal performance has also been improving over the past several years, according to Moody’s, adding that key rating constraints are the high public debt level as well
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. Marcuard's Market update by GaveKal Dragonomics Three months ago to the day, the US Federal Reserve ended its outright purchases of treasuries. Three months before that, the ECB instituted negative interest rates. And whether by coincidence or causation, most commodity prices chose the past six months to unravel. The combination of these events has
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Per capita income in purchasing power parities (PPP) was € 23,600 in 2013, the Ministry of Finance said in an announcement. According to Eurostat’s revised data for National Accounts, GDP per capita of Cyprus in purchasing power terms in 2013 amounted to €23,600, or 89% of the EU28 average and 83% of the Eurozone average.
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The government accepted bids worth 125 mln euros for its 13-week Treasury Bills during an auction on Tuesday, with an average yield of 2.96%. The Public Debt Management Office at the Ministry of Finance said that the auction was oversubscribed 1.67 times as it had received a total of 209 mln euros of bids, of
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New data released on Wednesday to mark World Cancer Day 2015 projects that an $18 bln increase in funding per year by the international community could see a 30% drop in cancer deaths in (low- and middle-income countries) LMICs by 2030. Public health experts from the Union for International Cancer Control (UICC) said that 3
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2015 will be a challenging year for Germany's life insurance industry as insurers grapple with lower profitability on the back of record-low interest rates and quantitative easing, as well as additional headwinds from regulatory changes, according to Moody's Investors Service that maintains a negative outlook for the life sector. For the property & casualty (P&C)
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Hellenic Bank, the recently recapitalised lender that boasts Daniel Loeb’s Third Point Hellenic Recovery Fund and online game developers Wargaming.net among its major shareholders, has decided to proceed with a 50:1 reverse stock split, reducing the number of shares listed on the Cyprus Stock Exchange from 9.4 bln shares to 187 mln. Traditionally the island’s
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An out-of-court settlement for the nearly €600 mln worth of Laiki capital securities held by about 60,000 bondholders seems a highly unlikely outcome, even after members of the the Association of Capital Securities (ACS) met with President Nicos Anastasiades on Tuesday. “The President’s efforts for an out of court settlement seem troublesome because the Bank
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Companies from Russia, Luxembourg and Greece are showing interest in specialised investment tools and funds, such as the Undertakings for Collective Investment in Transferable Securities (UCITS), Cyprus Securities and Exchange Commission Chairman (CySEC) Demetra Kalogirou said recently. UCITS seek private investors and collectively invest in transferable securities or in other liquid financial instruments and alternative
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Just a month after its opening, Caffe Nero in Engomi Nicosia is taking its customer by a pleasant surprise by placing painting, ‘The Birth of Venus’ by famous Cypriot artist Ioannis Kissonergis, on display. Ioannis Kissonergis is one of the fathers of Contemporary Cypriot art and his contribution to its evolution was substantial. Caffe Nero
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