The number of the sms movement requests sent on Sunday to 8998 in Cyprus were increased by around 60 thousand, while the sms for physical exercise were also significantly increased. The vast majority of the sms movement requests sent were for shopping …
Day: January 18, 2021
Bad loans in Cyprus down 5.7% at the end of June 2020
? further decrease of €381 million or 5.7% was recorded in aggregate NPLs compared with the end of June 2020. According to an announcement by the Central Bank of Cyprus, total loans decreased by €111 million or 0.4% from €30,103 million at end-June 202…
Bank of Cyprus announces sale of €545 mn portfolio of bad loans
Bank of Cyprus Holdings Public Limited Company announced that it has reached agreement with funds affiliated with Pacific Investment Management Company LLC (PIMCO), for the sale of an additional portfolio of Non Performing Exposures (NPEs) with a gross…
Tourist arrivals plunge by 84% in 2020 in one of Cyprus’ worst tourist seasons due to Covid
Tourist arrivals in Cyprus reached a mere 631,609 plunging by 84.1% year on year in one of the worst ever season for Cyprus’ tourist industry which took a heavy blow by the coronavirus pandemic. Hit by the Covid-19 pandemic the 2020 tourist season ende…
Cypriots’ trips abroad drop by 87.6% in December
Trips by Cypriot residents declined by 87.6% year on year in December to just 17,958 compared with 144,619 in the respective period of 2019 affected the covid-19 pandemic. According to Cystat, the main countries from which the residents of Cyprus retur…
‘We will never accept a two-state solution’ says the Committee of Occupied Municipalities
The Committee of Cyprus Occupied Municipalities, in a press release points out that the Turkish-occupied municipalities of Cyprus will never accept a two-state solution or a confederation that will seal the division of Cyprus.They also express concern …