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September 20, 2024

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

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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

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Cyprus to host 2nd MED9 Energy Ministerial Summit on Monday

Cyprus will host the 2nd MED9 Energy Ministerial Summit on Monday, gathering Energy Ministers from nine Mediterranean EU countries. According to the Ministry of Energy, the summit aims to strengthen energy cooperation and promote the Mediterranean as a hub for green energy transport through discussions and the creation of synergies

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