finance

Government committed to reducing NPLs further

Tackling non-performing loans (NPLs) remain at the heart of economic policy with a stable legal framework on foreclosures and an effective insolvency process, the Finance Ministry said. It said there was “enormous

Retail bonds are still a good earner

The 6-year government retail bonds programme is expected to continue despite no longer carrying an attractive interest rate of almost 6% and having to depend solely on local investors. Despite being removed

Cyprus raises €1.75 bln to pay off debts

Cyprus has paid off early an International Monetary Fund loan that was part of a €10 bln rescue package in 2013 from lenders to save the island’s banking system, with analysts praising