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Monthly Archives: October, 2017

News

Non-performing loans stand at €21.9bn

Stelios Orphanides -
Non-performing loans (NPLs) in the Cypriot banking system currently stand at €21.9 billion, or 44 per cent of total loans and 120 per cent of economic output according to the governor of the Central Bank.
Investment

Construction helps Cyprus exit recession

Angelos Anastasiou -
Laying the cornerstone of '360', the tallest construction in Nicosia, President Anastasiades said that the construction boom confirms the government's focus on exiting the vicious cycle of economic recession.
Legal Matters

Peyia goes to court over Vassiliou project

Bejay Browne -
The Peyia council is taking the Nicosia town planning department to court over its decision to issue a planning permit for a mammoth development on a hillside (Ayia Vouni) overlooking Peyia.
News

More efforts needed to reduce NPLs

Cyprus News Agency -
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.
News

Surge in new homes construction

Nigel Howarth -
July saw another surge in the building of new homes with a 40.6 per cent increase in the number of building permits issued for their construction compared to the same period in 2016.
News

Cyprus house price index up 3.1 per cent

Nigel Howarth -
The Cyprus house price index (HPI) rose by 3.1 per cent in the second quarter of the year and 3.6 per cent on an annual basis according to a preliminary estimate by the Statistical Service.

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