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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.

  • More Recent Reports

  • Scheme to alleviate bailout losses

    Scheme to alleviate bailout losses

    Cyprus Finance Minister Harris Georgiades has announced the creation of a scheme to alleviate bailout losses, which amounted to €8 billion, incurred by depositors as a consequence of the bailout...
  • Cyprus building permits bureaucracy

    Cyprus building permits bureaucracy

    The World Bank 'Doing Business' report for Cyprus highlights the mind-boggling level of bureaucracy in dealing with building permits involving several government and local authority departments. ..
  • Paphos residents fear landslide

    Paphos residents fear landslide

    Residents and businesses in the Mousallas area of Paphos are concerned that their properties could be damaged by a landslide as huge rocks are moving down the hillside above them...

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