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Overseas property sales falter

Although the number of properties sold in Cyprus in December 2014 improved over the number sold in December 2013, sales to the overseas property market declined for the second consecutive month.

Non-performing loans €27.90 billion

Non-performing loans (NPLs) in the Cypriot financial system fell from €27.95 billion in July to €27.90 billion in August, approximately 175 per cent of Cyprus GDP according to the Cyprus Central Bank.

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