The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CyStat) indicate a deficit of €930.9 million (4.6% of GDP) for the period of January – July 2020, as compared to a surplus of €385.7 million (1,8% of GDP) that was recorded during the period of January – July 2019.
Read full articleBank of Cyprus, the island’s largest lender posted a net loss of €126 million in the first half of 2020, mainly affected by a net loss from an Non-performing exposure (NPE) package sale (Helix 2) and additional loan loss provisions amid the coronavirus pandemic that hampers economic activity.
Read full articleThe Commission and in particular the Commissioner for Health Stella Kyriakidou signed today the contract negotiated by the Commission on behalf of the EU Member States, with the pharmaceutical company AstraZeneca, for the purchase of a total of 300 million doses of vaccine against COVID-19, with the possibility to obtain an additional 100 million doses, which will be distributed proportionally on a population basis.
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