Continents

Cypriot banks maintain a high solvency ratio

The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus last week.

According to key aggregate financial indicators for the Cyprus banking sector, by CBC, an annual increase of 50 base units was recorded.

Cyprus labors to shield reputation amid new US, UK action on Russian ‘sanctions evasion network’

For Cypriots, it was a collective "here we go again" moment.

In April, the US and the UK included a handful of Cypriot nationals and Cyprus-registered companies on a list of "enablers" helping Russian oligarchs skirt sanctions. It was an unwelcome reminder of the lingering perception that the island nation somehow remains Moscow's financial lackey.

Demand bolsters house prices in Cyprus

Housing prices in Cyprus continued along their upward trajectory in the fourth quarter of 2022, driven by increased construction costs and higher demand. According to the Central Bank of Cyprus (CBC), the Residential Property Price Index (RPPI) recorded a year-on-year increase of 6.6%, surpassing the 6.3% rise observed in the previous quarter in 2022.

"Vazrazhdane" admits that Bulgaria will Accept the Euro and wants to Postpone it As Long as Possible

Over 470,000 are the legitimate signatures for holding a referendum on whether Bulgaria should adopt the single European currency in 2025. This was shown by the check of over 600,000 signatures submitted by the "Vazrazhdane" (Revival) party, made by Main Directorate "Civil Registration and Administrative Service".

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