Updates from Cyprus
The percentage of people who made online purchases showed a significant increase, which reached 48% in the first quarter of 2021 compared to 34.1% in the corresponding period last year, according to data by the Statistical Service of Cyprus.
At the same time during the period of April 2020 – March 2021 the percentage of individuals who used the internet for interaction with public authorities has increased to 57.
Source: Cyprus News Agency
The Central Bank of Cyprus (CBC) says that in accordance with the methodology described in its macroprudential policy, it did not deem necessary to adjust the countercyclical capital buffer (CCyB) rate for the period 1 January 2022 – 31 March 2022 and, therefore, the CCyB rate remains at 0% of the total risk exposure amount of each licensed credit institution in the Republic.
Based on the time series ending on 30 June 2021: The gap between the credit-to-GDP ratio and its long term trend (credit-to-GDP gap) based on the broad credit definition is -63.7.
Source: Cyprus News Agency
Environmental issues and the promotion of sustainable practices are among the primary goals of the government, and of the broader European family, since forecasts for the repercussions of global climate change and the need to take immediate and effective measures are recognized by everyone, Cyprus Government Spokesman, Marios Pelekanos said on Friday.
Addressing an event organized by envrironmental organization “Green Shield” in Nicosia, Pelekanos said that the government`s determination to take all necessary measures to achieve the goals of the Paris Agreement with a view to address the repercussions of climate change was confirmed during the recent successful organization of the 2nd International Conference on Climate Change in the Eastern Mediterranean and the Middle East, that was held in Paphos.
He noted that everyone acknowledged that our region is par
Source: Cyprus News Agency