Moody’s rating agency says that the new sale of a bad loan portfolio by the Bank of Cyprus, puts the bank in a better position to deal with an inflow of new NPEs arising from the coronavirus-induced economic downturn, a fact that is a credit positive.

“Based on current data, CERA is looking forward to the introduction of healthy competition in the electricity market of Cyprus at the beginning of 2022,” announces Dr. Andreas Poullikkas, chairman of the Cyprus Energy Regulatory Authority (CERA).

Cyprus hopes to tap a new niche market for tourists with luxury camping, or glamping, for which legislation is being drafted, deputy tourism minister Savvas Perdios said on Tuesday after briefing the House trade and tourism committee.