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  • More efforts needed to reduce NPLs

    More efforts needed to reduce NPLs

    Cyprus needs to put more efforts into reducing the non-performing loans (NPLs) of the Cyprus banks, which “remain at extremely high levels” said the Chair of the ECB’s Supervisory Board.

  • Paphos marina decision expected soon

    Paphos marina decision expected soon

    The Pafilia Group should hear by the end of the month whether it has met the required criteria to build the Paphos marina, which has been stalled by bureaucracy and legal battles for more than a decade.

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  • Cyprus faces "sizeable downside risks"

    Cyprus faces “sizeable downside risks”

    Following its mission to Cyprus the International Monetary Fund said that "sizeable downside risks" still exist, citing an extremely high private sector debt and a high proportion of non-performing loans (NPLs)...
  • Planning & building permit overhaul

    Planning & building permit overhaul

    The time consuming and frustrating bureaucracy involved in obtaining building & planning permits in Cyprus may be overhauled provided the recommendations of Austrian experts are adopted...
  • The troika returns to Cyprus

    The troika returns to Cyprus

    Representatives of the troika of international lenders plus the European Stability Mechanism (ESM), the IMF, EC and the ECB , will be in Cyprus later this month for the third post-programme surveillance...

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