Cyprus News Agency

Cyprus banks' NPL resolution must be accelerated, says ECB

Cypriot banks need to apply "additional and persistent" efforts to wrestle down a stockpile of nonperforming loans (NPLs), the European Central Bank's Daniele Nouy said in an interview published on Monday.

Nouy, who heads banking supervision at the ECB, said there had been uneven progress on handling the problem at banks in Cyprus.

Cyprus needs additional efforts to wrestle down NPLs, says ECB's Nouy

Cypriot banks need to apply "additional and persistent" efforts to wrestle down a stockpile of non-performing loans (NPLs), ECB's Daniele Nouy said in an interview published on Monday.

Nouy, who heads banking supervision at the European Central Bank, said there had been uneven progress across banks on handling the problem.

Two Greek-Cypriots arrested at buffer zone by the Turkish-Cypriot police!

 

Two Greek Cypriot men were arrested and detained by Turkish Cypriot police on Wednesday night after allegedly strayed into the buffer zone in Athienou.

According to reports from the Cyprus News Agency (CNA), two men – a 45-year-old from Troullous and a 78-year-old from Nicosia – had attempted to visit a quarry used for producing gypsum plaster when they were detained.

Foreign Ministry suggests Eide favored Turkey in failed Cyprus peace talks

Greece's Foreign Ministry hit out Monday at the United Nations special envoy for the Cyprus issue, Espen Barth Eide, after taking umbrage at comments by the Norwegian which suggested that Nicosia and Athens had not accepted a proposal by Turkey that would have led to the gradual withdrawal of troops from the island.

Turkey’s role in collapse of Cyprus talks ‘cannot be disputed by anyone,’ Cyprus spokesman says

 

Turkey’s insistence on continuing the guarantees treaty, rights of intervention in Cyprus and a permanent Turkish military presence on the island were responsible for the deadlock at the Crans Montana talks on the Cyprus issue, Cyprus government spokesman Nikos Christodoulides said on Saturday.

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