Category Archives: Market

Cyprus Stock Exchange

 The Cyprus Stock Exchange (CSE) All Share Index closed at today`s stock exchange meeting as follows:

MEETING DATE: 07/04/2020 INDICES BASE VALUES: FTSEMed=5000, OTH

EURO (€)

TRADED VALUE:                98,394.47

INDEX   VALUE  % DIFF. VALUE (€)

FTSE/CySE 20     28.720   -0.380    98,141.600…

Cyprus prices dual EMTN Tranche for €1.75 billion

 The Republic of Cyprus has priced on Tuesday two new benchmark-sized Euro Medium Term Notes for a total amount of €1.75 bn with Finance Minister ConstantinosPetrides expressing satisfaction.

An official press release said the €1.25 bn 7-year EMTN was priced …

Applications for loan repayment suspension exceed 23,000 in Cyprus’ two largest banks

 Applications for loan repayment suspension surpassed 23,000 in Cyprus’ two largest banks, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic.

The Ministry of Finance issued a decree …

Central Bank circular instructs banks not to compound interest during loan repayment moratorium

A general implementation on loan repayments will not be considered as restructuring and the banks are not to assess a possible loss in the net present value of loans falling under the moratorium, Central Bank of Cyprus said in a …

A European recovery fund is urgently needed, Commissioners for the Internal Market and the Economy tell CNA

Thierry Breton and Paolo Gentiloni, Commissioners for the Internal Market and the Economy call for the creation of a “fourth pillar” to provide European funding to thee Member States in order to support the real economy, in addition to the …

Finance Minister welcomes banks decision not to compound interest during loan deferment period

Finance Minister ConstantinosPetrides said on Friday that the decision of Cyprus’ banks not to compound interest during the nine-month loan deferment period announced by the government, was “expected and necessary”.

“Banks will not charge compound interest at a time when …