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NPL in banking system broadly unchanged in July

Non-performing loans (under the EBA directive) in the Cypriot banking sector declined marginally to pound 1.65 billion in July from pound 1.67 billion in the previous month, corresponding to 6.8% of total loans. Total loans in July rose marginally to pound 24.14 billion from 24.12 billion. According to data released

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Transport Minister presents Ministry’s budget before House Committee

Minister of Transport, Communications and Works Alexis Vafeades presented on Friday the Ministry’s 2025 budget before the House Finance Committee. The discussion during the Committee meeting focused mainly on the traffic congestion and ways to address it. Vafeades said before the Committee that in addition to the two transfer stations

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Luxembourg FM to pay official visit to Cyprus

Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade of Luxembourg, Xavier Bettel, will pay an official visit to Cyprus on Tuesday, at the invitation of Minister of Foreign Affairs, Constantinos Kombos. According to an official press release, the two Ministers will hold a tête-à-tête meeting followed by

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