The Finance Ministry in a statement issued on Thursday has said that Cyprus` economy is in a course of growth and that according to figures released by Eurostat unemployment in August dropped to 4.4% compared to 8.6% in August 2020, continuing a declin…
Category: Market
Industrial Output prices up 11.2% in August
The Index of Industrial Output Prices for August 2021 recorded an annual increase of 11.2%, according to a press release by the Statistical Service of Cyprus. The Index of Industrial Output Prices for August 2021 reached 110.0 units (base 2015=100), re…
NPLs decrease by €142 million in Q2, NPLs to total loans ratio down to 17.6%
Non-performing loans (NPLs) decreased by €142 million or 2.8% in aggregate at the end of June 2021, compared with the end of March 2021, the Central Bank of Cyprus (CBC) said Thursday. “Total loans decreased by €242 million or 0.8% from €28.633 milli…
Industrial production accelerates by 9.3% in January – July 2021
Industrial production accelerated by 9.3% for the period of January – July 2021, reflecting increased industrial activity compared with the respective period of 2020, which has been hampered by strict measures aiming to contain the spread of the Covid …
Serbian FM reiterates his country’s full support of Cyprus’ territorial integrity and sovereignty
Serbian Foreign Affairs Minister Nikola Selakovic has reiterated his country`s full support in the Republic of Cyprus` territorial integrity and sovereignty, at a meeting he had in New York with Cyprus Foreign Affairs Minister Nikos Christodoulides.Acc…
US stocks close strong with massive rally
Major indexes on the US stock market closed strong on Thursday with a massive rally after the Federal Reserve opened the door for tapering but delayed its formal start.The Dow Jones industrial average jumped 504 points, or 1.48%, to close at almost 34,…