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Day: April 2, 2016

  • April 02
  • Posted By: Zakheos
  • Posted In: Economy
  • Date: April 2, 2016
    • 0
    • 1213

Fitch says market access possible without QE, rating outlook positive

By Stelios Orphanides Fitch Ratings, one of the three main rating companies, said that Cyprus will not require support from the European Central Bank’s public sector purchase programme in order to maintain market access after completing its economic-adjustment programme this month. Fitch, which up...
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  • April 02
  • Posted By: Zakheos
  • Posted In: Banking , Economy
  • Date: April 2, 2016
    • 0
    • 1197

NPLs drop to €26.7bn in December, lowest value in a year, central bank says

By Stelios Orphanides The amount of non-performing loans in the Cypriot banking system slumped by €703.1m in December compared to November to €26.7bn, the lowest value since December 2014, the Central Bank of Cyprus said. The extensive drop in non-performing loans in December, the second largest...
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  • April 02
  • Posted By: Zakheos
  • Posted In: Economy
  • Date: April 2, 2016
    • 0
    • 542

RICS: Cyprus commercial real estate showing stability signs.

Commercial real estate in Cyprus is showing some signs of stability, according to RICS. The latest RICS Global Commercial Property Monitor shows that investment surges in Europe for commercial property and that investment activity is improving markedly in several cities within the euro area. Accordi...
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  • April 02
  • Posted By: Zakheos
  • Posted In: Press releases , RICS
  • Date: April 2, 2016
    • 0
    • 429

RICS Cyprus Property Price Index: Cypriot economy continues to show positive signs

According to the latest RICS Cyprus Property Price Index, the Cypriot economy’s performance was better than expected in the 4th quarter of 2015 and tourism mildly outperformed forecasts. Unemployment remained at a historical high level, stabilised at ca 14%, and discussions were ongoing regarding ...
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  • April 02
  • Posted By: Zakheos
  • Posted In: Economy
  • Date: April 2, 2016
    • 0
    • 368

First ratings are expected following the early bailout exit. 

The first ratings are expected today from the Credit rating agencies of Standard and Poor’s and Moody’s, in view of Cyprus’ completion from the European economic adjustment programme, which expires on March 31, and following Government’s decision to exit early from the IMF loan p...
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  • April 02
  • Posted By: Zakheos
  • Posted In: Economy
  • Date: April 2, 2016
    • 0
    • 385

EU28 Balance of Payments for January shows surplus

The EU28 seasonally adjusted current account for its balance of payments recorded a surplus of €14.3 billion in January 2016, compared with surpluses of €17 billion in December 2015 and €21.4 billion in January 2015, estimates from Eurostat showed on Monday. In January 2016, compared with Dece...
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  • April 02
  • Posted By: Zakheos
  • Posted In: Cyprus
  • Date: April 2, 2016
    • 0
    • 392

Panayiotou: Careful steps needed for Akamas’ protection

During a one-day festival organised by Limassol’s environmental/green movements called “We Sing for Akamas”, Panayiotou said that she supports the initiative because the movements have a clear opinion.  She added that she agrees with the groups’ opinions. Panayiotou said that the plan f...
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Categories

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  • Cyprus
  • Economy
  • Press releases
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Recent Posts

  • Fitch says market access possible without QE, rating outlook positive

    April 2, 2016
  • NPLs drop to €26.7bn in December, lowest value in a year, central bank says

    April 2, 2016
  • RICS: Cyprus commercial real estate showing stability signs.

    April 2, 2016
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