According to the latest data from the Central Bank, at the end of the first quarter of 2018, non-performing loans in the construction sector amounted to €2.93 billion — or 66% of total loans of €4.45 billion in loans. That means that two out of three loans in the construction sector...
Problem loans in the construction sector remains very high, despite the various incentives given to investors, ranging from granting Cypriot citizenship to foreigners, licensing the construction of high-rises, and increased movement in the real estate market.
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