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Cyprus

Bad loans decline through co-op deal a credit positive, Moody’s says

Moody’s rating agency said the decline of non-performing exposures (NPEs) by €5.6bn, or 33.6 per cent, stemming from the resolution of the co-operative bank (CCB) is a credit positive for the Cypriot banking system because it reduces asset quality risks and supports depositor confidence.

Spehar briefs president about contacts in the US

The UN Secretary General’s Special Representative in Cyprus and head of Unficyp Elizabeth Spehar briefed President Nicos Anastasiades on Friday about her forthcoming contacts with senior US and UN officials, including Antonio Guterres…

Gesy: differences remain but discussions to intensify

The Health Insurance Organisation (HIO), the Cyprus Medical Association (CyMA) and the medical societies agreed on Tuesday to enter an intensive dialogue in an effort to bridge differences on the implementation of the National Health Scheme…