Moody’s rating agency says that the new sale of a bad loan portfolio by the Bank of Cyprus, puts the bank in a better position to deal with an inflow of new NPEs arising from the coronavirus-induced...
Cyprus remains in the red zone as regards the COVID-19 pandemic, however the partial improvement of its epidemiological outlook reflects the effectiveness of the measures that came into effect at the...
21/01/2021
At the end of the third quarter of 2020 government debt to GDP ratio in the euro area stood at 97.3%, compared with 95.0% at the end of the second quarter of 2020. In the EU, the ratio increased from...
21/01/2021
The Cyprus Police registered a new record in daily number of fining for violations of Covid-19 protective measures. A total of 146 individuals and three shops were reported.A Police sposkesperon told...
21/01/2021
Head of the Scientific Advisory Committee on the coronavirus, Dr Constantinos Tsioutis, told CNA that it is too early to safely assess the evolution of the course of the epidemiological situation....
21/01/2021
The Ministry of Health announced on Wednesday that 192 COVID19 patients are receiving treatment in state hospitals, 60 of whom in a critical condition, while 178 new cases of coronavirus were...
21/01/2021
Cyprus banks tighten lending criteria in the third quarter of 2020, while there was increased demand for loans from businesses and households, according to the bank lending survey for October,...
21/01/2021
Industrial Turnover Index in October 2020 Cyprus reached 135.9 units (base 2015=100), recording a decrease of 8.3% compared to October 2019, according to data released Wednesday by the Statistical...
20/01/2021
In December 2020, the euro area annual inflation was -0.3% for the fourth consecutive month, according to figures published by Eurostat, the statistical office of the European Union. A year earlier,...
20/01/2021
Foreign Minister of the Russian Federation, Sergey Lavrov, has said that he sees no reason why Greece and Cyprus should be persuaded that Russia is an enemy of theirs or has carried out an unfriendly...
20/01/2021