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Coronavirus: New procedures for payment at Limassol sewerage board
As part of the measures to control the spread of Covid-19 the Limassol-Amathus sewerage board will remain closed until November 30, an...
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Contactless payments surge 36% in Ireland, 40% say no to cash in US
There was a 36% year-over-year (YoY) increase in contactless transactions in Ireland, reaching $3.4 bln in...
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Turkey: Countdown to balance of payments crisis
The countdown has begun for the balance of payments crisis to begin in Turkey; economists say that it is now nearly inevitable. “Winter is...
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BoC: Only online payments of utility bills
Announcing new measures to protect clients and personnel from the Covid-19 pandemic, Bank of Cyprus said on Wednesday that it will stop...
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Credit card payment option for provisions in Ayia Napa beaches as from 2021
Bathers at popular Ayia Napa beaches will be able to pay by credit card for umbrellas and sun beds as of 2021, according to a written announcement...
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Banks ‘unlikely to extend moratorium’ on loan repayments
The possibility of banks extending a moratorium on loan repayment beyond the end of the year is not likely, a senior banker said on Friday....
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Our View: Payment culture won’t improve while politicians protecting those not repaying debts
In his appearance before the House finance committee on Monday, Central Bank governor Constantinos Herodotou was asked by deputies about the...
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Businesses must accept credit card payments
Cyprus businesses are legally obligated to accept payments with plastic money if they want to avoid...
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Municipalities in partial suspension of payments
The chairman of the Union of Municipalities Andreas Vyras, revealed the dire financial situation in which the municipalities find themselves due...
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Mitsotakis – Pensions: In 2020 the retroactive payments to the pensioners
In 2020, the retroactive payments to the pensioners will be paid in a lump sum, according to the court decision, said the Greek Prime Minister...
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Use of cheques halves as electronic payments continue to increase
New figures show that the use of cheques in this country has plummeted by almost half in the last four years. The pandemic has accelerated the...
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COVID19: Loan payment holiday swells to €11.75 bln
Loan payments suspended by banks to help 50,500 borrowers during the COVID-19 pandemic reached a gross...
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Payments made for phase 4 of support schemes
The Labour Ministry has announced that payments were made yesterday to businesses and groups of companies for the special unemployment allowance...
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COVID19: Contactless payments spike 23% during pandemic
Cyprus credit card transactions in the second quarter increased by 23% annually as consumers turned to...
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Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021
Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday,...
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Moody’s: Payment holidays shield banks in 2020, deterioration very likely in 2021
The high level of loan payment holiday in Cyprus may shield the banks in 2020 but suggests that asset quality deterioration is...
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COVID19: Cyprus payment holiday will dent bank profits
Around one-third of Cyprus banks’ gross loans had payment deferrals for borrowers affected by...
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One off payments to small businesses, self-employed kick off
The ministries of Labour and Finance said on Thursday that they have initiated payments of the special one-off grant to small and very small...
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COVID19: Suspended loan payments reached €1.31 bln in June
Suspended loan repayments to banks at the request of borrowers due to the COVID-19 crisis rose 4% to...
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Nearly 6,000 Cyprus businesses enjoy suspended loan payments in May and June
Cyprus borrowers are being rewarded by not having to pay loan instalments in May and June. A total of 49,043 borrowers applied for a suspension...