French giant CNP Assurance has bought out the remaining 49.9% stake in local insurers CNP Asfalistiki and CNP Cyprialife from Bank of Cyprus, having paid €97.5 million for the company the Cypriot lender reluctantly acquired when Laiki Bank was shut down during the 2013 bailout debacle.
Read full articleThe Cyprus economy will continue to grow, fiscal performance is solid, but external headwinds are increasing and significant domestic vulnerabilities remain, while key reforms, including justice have been delayed, according to the Post Program Surveillance report on Cyprus released recently in Brussels.
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