Non-performing exposures (NPEs) in the Cypriot banking system remained virtually unchanged in August, declining by just €15 million, compared to July, to €16.59 billion, corresponding to 40.4% of...
The Ministry of Finance raised €17.9 million through the issuance of six-year bonds for natural persons, the Public Debt Management Office (PDMO) said in a press release on Thursday.The PDMO said it...
07/12/2018
As Cyprus is recovering strongly following the financial crisis of 2012– 13, its banking sector still faces one of the highest non-performing loan ratios in Europe, the IMF said. It called for...
04/12/2018
The European Commission has approved under EU State aid rules the Cypriot “ESTIA” scheme to support private households and micro-companies that have encountered difficulties in repaying mortgage...
03/12/2018
The surplus of General Government for the period January-October 2018 increased by €357,4 million, according to the preliminary results prepared by the Statistical Service of Cyprus.The surplus...
03/12/2018
The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of Gross Domestic Product, stood at 40.2% in the European Union (EU) in 2017, while in 2016 it...
29/11/2018
Economic sentiment improved in Cyprus in November due mainly to services and retail trade.In particular, the Economic Sentiment Indicator (ESI) which is compiled by the University of Cyprus Economic...
29/11/2018
Bank of Cyprus has recorded losses of €37 million in first 9 months of 2018 compared to losses of €554 million at the same period of 2017. The bank’s organic profitability was affected negatively...
28/11/2018
The Public Debt Management Office announced on Monday that during today’s 13 Week Treasury Bills Auction, tenders for a total nominal value of €66,75 mn were submitted and have all been accepted with...
27/11/2018
The Board of Directors of RCB Bank has approved the strategy for 2019-2023, which aims at operational excellence. The Bank will continue its’ path of successful development as one of the major...
26/11/2018