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Posted on September 16, 2020

Cyprus is overbanked, and the economy suffers

Cyprus is overbanked, and this affects its economy. There are seven local banks operating in Cyprus, according to Central Bank of Cyprus Central Bank of Cyprus statistics. Some experts say there …

( read original story …)



Posted on September 16, 2020

Cyprus is overbanked, and the economy suffers

Cyprus is overbanked, and this affects its economy. There are seven local banks operating in Cyprus, according to Central Bank of Cyprus Central Bank of Cyprus statistics. Some experts say there …

( read original story …)



Posted on September 15, 2020

Turkey extends operations of energy drill ship off Cyprus until mid-Oct

Turkey said on Tuesday it had extended the operations of its Yavuz energy drill ship in disputed Mediterranean waters off Cyprus until Oct. 12, in a move that could stir tension between the Greek …

( read original story …)



Posted on September 15, 2020

Turkey Extends Operations of Energy Drill Ship off Cyprus Until Mid-October

Turkey said on Tuesday it had extended the operations of its Yavuz energy drill ship in disputed Mediterranean waters off Cyprus until Oct. 12, in a move that could stir tension between the Greek …

( read original story …)



Posted on September 15, 2020

Cyprus recovery will be slow but steady — S&P

“The process of recovery in Cyprus will be slow … that more non-performing loans will appear in 2021, as the business climate will remain challenging. The sale of a large percentage of …

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Posted on September 14, 2020

Sanctions against Turkey over Mediterranean gas drilling wouldn’t achieve much, former EU ambassador says

Turkey, Greece and Cyprus have been at odds over the former’s exploration of energy resources in parts of Eastern Mediterranean waters that both Athens and Nicosia claim are part of their own …

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Posted on September 14, 2020

Turkey says U.S. needs to return to neutral stance on Cyprus

Turkey said early on Monday that the United States needed to return to a neutral stance on Cyprus, after Washington and Nicosia signed a memorandum of understanding to create a training centre.

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Posted on September 13, 2020

Pompeo in Cyprus says US ‘deeply concerned’ over Turkey energy search

US Secretary of State Mike Pompeo called on Turkey to cease tension-raising activities in the eastern Mediterranean during a visit to Cyprus Saturday, urging all sides to back diplomacy.

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Posted on September 12, 2020

The New Tax Treaty With Russia Could Be A Game Changer For Cyprus

The new deal is much less attractive for Russian investors than the previous one, and no one can say for sure that Russian businessmen will keep investing through Cypriot companies.

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Posted on September 12, 2020

Cyprus consumers spend more carefully — Association

A month after the implementation of lockdown measures, retail sales in Cyprus experienced a record … But the president of the association also warned business owners to abide by the relevant …

( read original story …)



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