Search
Close this search box.
Search
Close this search box.

September 20, 2024

CERA convenes to revise regulatory framework for Great Sea Interconnector

Cyprus Regulatory Authority convened early on Friday in a meeting expected to approve the revised regulatory framework governing the pound 1.9 billion subsea cable liking Cyprus and Greece, titled ‘Great Sea Interconnector.’ The meeting comes after Cyprus President Nikos Christodoulides met on Thursday, in Athens, with Greek Prime Minister Kyriakos

Read More

NPL ratio in Cyprus continues to decline in Q2

At the end of June 2024, the non-performing loan (NPL) ratio in the Cypriot banking sector decreased further to 6.9%, representing pound 1.7 billion, down from 7.3% or pound 1.8 billion at the end of March 2024. The coverage ratio of NPLs with provisions also improved, reaching 55.0% (pound 0.9

Read More

Europe cannot have a geopolitical role without shipping, Christodoulides says

President of the Republic of Cyprus Nikos Christodoulides highlighted the importance of the shipping sector for Europe’s geopolitical role, while addressing on Thursday evening a dinner hosted by the Cyprus Shipowners’ Association, in Athens. As he said, the significance that Greece and Cyprus attach to the shipping sector was reflected

Read More