The first long-awaited upgrade of the Cyprus economy by the rating agencies for this Fall has finally arrived with the recent upgrade from S&P by one notch (from BB- ... Read More
On March 31st, 2016 the Cyprus government has officially exited the MoU with Troika after a three-year period. During this time, Cyprus has received around €7.2 billion (out of ... Read More
Fitch: Cash Buffer, Debt Management Support Cyprus Programme Exit Cyprus’s decision to exit its three-year EU-IMF programme ahead of schedule without a precautionary post-programme credit line reflects the sovereign’s ... Read More
Total deposits in Cypriot banks recorded in December 2015 a net increase of €203,0 mln, compared with a net decrease of €67,9 mln in November 2015. According to data ... Read More
One of the main problems that our banking sector is facing is obviously the incredibly excessive amount of non-performing loans (NPLs) on our banks’ balance sheets that reached almost ... Read More
Despite the tragic events of March 2013, Cyprus economy has showed resilience and the country was able to return back to stability and regain some of the lost confidence ... Read More
Part 2 – Decline & Deleveraging Stage 4 In the fourth stage people start to become poorer but still think of themselves as rich. The decline is gradual and ... Read More
Part 1 – Blue Skies, Growth & Wealth Development The Cypriot economy has had its fair share of ups and downs over the past 60 years since the island ... Read More
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