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12 Jul Cyprus telecom authority (Cyta) to develop a fiber optic network with download and upload speeds up to 1Gbps and 120Mbps

Posted at 09:02h in News by sinka 0 Comments

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Cyprus telecommunications authority (Cyta) announced on the 5th July 2018 that it is planning to develop a fiber optic network called Fiber to the Home (FTTH) that will be available from...

10 Jul Cyprus introduces tougher Foreclosure laws to reduce the high stock of NPLs, strengthening the banking system

Posted at 09:05h in News by sinka 0 Comments

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On 9th July 2018, the Extraordinary Plenary Session of the House of Representatives of the Republic of Cyprus voted into legislation, five bills, as well as adopted a draft regulation, concerning the Non-Performing Loans (NPLs) (https://www.stockwatch.com.cy/en/article/trapezes/finmin-house-co-op-decision-will-lead-sound-banking-system). Also,...