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29th March 2024
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Yearly Archives: 2014

Fourth year in recession

The recession in the Cyprus construction sector continued for the fourth consecutive year in 2012 recording a provisional decrease of 19.5 per cent compared to the previous year according to the Cyprus Statistical Service.

Building permits & certificate issuance progress

The Cyprus Interior Ministry has recently published the statistics relating to the issuance of planning permits, building and division permits and certificates as required under section 5.3 of the MoU.

Bank of Cyprus furious over leaked debtors list

The publication of an internal report by the Corporate Banking Division of the Bank of Cyprus dated 14th June 2013 listing details of the bank's largest debtors has infuriated the bank.

Investment opportunities in Cyprus

In a question and answer session Dr George Mountis of Emergo Wealth discusses the opportunities for institutional investors who may be considering investing in the Cyprus real estate market.

Cyprus programme remains on track

Following their fourth review of the Cyprus economic adjustment programme the troika, comprising the European Commission, ECB and IMF, released an official statement on Saturday.

Non-performing loans key to economic recovery

Non-performing loans might represent the single impediment to the recovery of not just the Cyprus banking sector but the island's economy according to the CEO of the Bank of Cyprus.

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