Daily Archives: November 19, 2020

Turkey’s latest moves are widening the gap with the EU, HRVP Borrell stated after EU27 FAC meeting

Turkey`s latest moves are widening the gap with the EU, according to EU foreign ministers, who met today by teleconference , under the presidency of EU High Representative Josep Borrell.In particular, the High Representative told the Press after the me...

Banks expect stricter lending criteria in third quarter of the year, CBC survey says

The Central Bank of Cyprus (CBC) published on Thursday the Bank Lending Survey for July 2020, in which it states that Cypriot banks expect stricter lending criteria in the third quarter of the year due to the uncertainty caused by

Cyprus lags behind EU average in residential and consumer defaulted loans recovery, EBA says

The Cyprus banking system lags behind the EU average on the time needed to recover defaulted loans in residential real estate (RRE) and consumer loans, according to a report released by the European Banking Authority (EBA).According to a report on

NPLs at the heart of economic policy says Cyprus’ Finance Ministry

Cyprus' Finance Ministry said on Thursday in a written statement, that developments in non-performing loans (NPLs) remain at the heart of economic policy, pointing out the importance of a stable legal framework on foreclosures and an effective insolven...

Turkey must end its provocations or will face potential EU sanctions next month, says German FM

German Foreign Minister Heiko Maas said that Turkey must end its provocations in the Eastern Mediterranean or face potential EU sanctions next month.Speaking before a videoconference of EU Foreign Ministers on Thursday, Maas said that “it is up to Turk...

Cyprus Agriculture Minister tests positive for COVID-19, all Ministers to be tested as Cabinet meeting is cancelled

Cyprus Agriculture Minister, Costas Kadis, has tested positive for COVID-19 and is self-isolating. Kadis said in a post on Twitter on Wednesday evening that “I was diagnosed tonight positive for COVID-19, through the contact tracing process. I remain i...