The projects of the European Bank for Reconstruction and Development (EBRD) in Cyprus will aim to strengthen the financial sector, support the Government`s privatisation programme and provide financing to small and medium-sized
* Funding to complement Troika programme, expected to end in 2020 * The European Bank for Reconstruction and Development (EBRD) will start investing in Cyprus, most likely for a limited period, to
Rescueline, the largest road assistance provider in Cyprus, announced the acquisition of Mapfre Asistencia in Greece, one of the country’s leading roadside support providers. By joining forces with Mapfre Asistencia, Rescueline’s role
Massive state intervention prevented a rise in non-performing loans (NPLs) during the Covid-19 pandemic in central, south-eastern Europe (CESEE), but the quality of bank assets after the phasing out of measures “remains uncertain”, according
For different reasons, each of the two main commodity products with high marketability, oil and copper, have for a few weeks now entered a new upward cycle, or “super cycle”, according to
The future of East Med gas markets will be decided in the next couple of months, based on the outcome of the EU-Turkey discussions and the ongoing integration of the EMGF countries.
Through its actions, Turkey is turning into a destabilizing factor for the region and undermines NATO cohesion at a crucial time, Greek Foreign Minister Nikos Dendias told NATO Secretary-General Jens Stoltenberg. The
Cyprus’ Finance Ministry forecasts a budget deficit until 2023, due to crisis support measures and a spike in public debt from borrowing to soften the impact of coronavirus. The cabinet on Wednesday
At 80% Cyprus had the EU’s largest proportion of debt held by non-residents, ahead of Lithuania (76%), Latvia (74%) and Estonia (70%), according to Eurostat data. The share of government debt held
For the second time since the coronavirus outbreak in March, Cyprus has recorded zero COVID-19 cases as it gears up to welcome foreign tourists. No COVID-19 cases were recorded on Wednesday from
