Cyprus Business Now

The total amount of non-performing loans (NPLs) decreased by approximately €8 million in July over the previous month.

This has resulted in a reduction of the NPLs index to 17.4 per cent of the total loans, 0.2 per cent down from June’s figure.

According to a report released on Tuesday by the Central Bank of Cyprus (CBC), at the end of July 2021, the total amount of NPLs came up to €4.979 billion, compared to €4.987 billion in June 2021.

At the same time, total loans increased to €28.528 billion at the end of July 2021, €137 million up from June’s figure of €28.391 billion.

Of the total amount of NPLs, €2.073 billion relate to corporate loans, of which €1.712 billion are loans of small-to-medium-sized enterprises (SMEs), while €2.670 billion are household loans.

The Cyprus Hotels Association (Pasyxe) held the second edition of its annual SUPMed conference.

Taking place online, the SUPMed conference looked at the reduction of consumption and the disposal of plastic products in the tourism industry in Cyprus, Greece and Malta.

The event involved the participation of a number of tourism industry stakeholders, including hotel representatives, suppliers, small-to-medium enterprise owners, as well as representatives from local councils and other public bodies.

“Stakeholders are aiming to reduce the consumption, disposal and impact of disposable plastics in the tourism sector in three Mediterranean regions (Cyprus, Greece, Malta) in accordance with EU Directive 2019/904 on reducing the impact of plastic products “, a press release by the association said.

The Cyprus Stock Exchange (CSE) ended Wednesday, October 27, with losses.

The main Cyprus Stock Market Index was at 65.59 points by 13:35 during the day, reflecting a decrease of 0.71 per cent over the previous day.

The FTSE / CySE 20 Index was at 39.18 points, representing a drop of 0.66 per cent. The total value of transactions came up to €32,862.85.

In terms of sub-indexes, the main index fell by 1.34 per cent, the hotel index fell by 0.43 per cent, while the investment firms index dropped by 0.47 per cent. The alternative index rose by 0.31 per cent.

The biggest investment interest was attracted by Vassiliko Cement Works (€6819.50 worth of trades, no change), Bank of Cyprus Holdings (-1.47 per cent), CCC Tourist Enterprises (-2.19 per cent), Demetra (-0.52 per cent) and Logicom (-0.63 per cent).