Cyprus-Forum.com

[Get Real!]

Some super-intelligent analyst once told me that Cyprus was 'allowed' to get rich post 1974 so that people would settle comfortably and not rise up against the enforced division and make a stink that no one was driving the Turks out.

I explained elsewhere today how Cypriots made it post 74.

[Tim Drayton]

The good news is still coming thick and fast:

Building permits rise 17% in terms of construction area, Cystat says
http://cyprusbusinessmail.com/?p=17297

Yields drop to record low as government sells €40m in 30-day t-bills
http://cyprusbusinessmail.com/?p=17291

[Tim Drayton]

And a couple more today.

Bad cheques in decline, Central Bank of Cyprus says
http://cyprusbusinessmail.com/?p=17365

Ayia Napa hotels extend season
http://cyprus-mail.com/2015/11/10/ayia- ... nd-season/

[Tim Drayton]

From a Moody’s report in which it has upgraded Cyprus’ banks:

"After five years of losses, we expect banks in Cyprus to be profitable in 2016 and foresee a modest 0.3 per cent – 0.5 per cent return on assets,” said Melina Skouridou, an Assistant Vice President at Moody’s and author of the report. “Cyprus’ accelerating economic recovery, driven by a revival of tourism, the strengthening business services sector and increased consumer spending, will support momentum in banks’ loan restructurings and generate some new business for the banks."

http://cyprusbusinessmail.com/?p=30317