CYPRUS could lift all capital controls by the end of this year if it makes sufficient progress adopting an international bailout programme and confidence is fully restored to the economy, its central bank governor said on Friday.
Citing a roadmap for the gradual relaxation of capital controls,...
A REPORT that compares business regulations for firms in 189 economies around the world confirms the bureaucratic issues that plague businesses on the island and hamper the efforts to attract investments for the implementation of major development projects.
Although Cyprus ranks 38th on the ease of...
STAFF teams from the European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) visited Nicosia during January 29-February 11, 2014 for the third review of Cyprus’s economic program, which is supported by financial assistance from the European Stability...
NON-PERFORMING loans (NPLs) in commercial banks and cooperative credit institutions rose to €26.25 billion in November 2013, according to figures released by the Cyprus Central Bank (CBC).
Compared with September 2013 NPLs recorded an increase of 4.0 per cent or €1.01 billion
NPLs in commercial...
THE RESTRUCTURING of Cypriot banks, fiscal discipline and a lower-than-anticipated contraction of Gross Domestic Product may have somewhat improved the country’s economic outlook, but the main underlying challenges to a full recovery remain.
That was the gist of a briefing given by the heads of...
