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Cyprus News Agency: News in English, 10-08-18

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From: The Cyprus News Agency at <>




    Cypriot Banks have tightened the criteria for granting loans to businesses and households in the second quarter of 2010, in comparison with the first quarter of the year, according to the Bank Lending Survey, released here today by the Central Bank of Cyprus.

    The survey indicates that the demand for loans from businesses during the second quarter of 2010 remained stable. The demand for housing loans by households also remained stable. At the same time demand for consumer loans by households fell by 10% over the previous quarter.

    According to the banking institutions that participated in the survey, the third quarter of 2010 the criteria are expected to remain unchanged.

    The survey notes that for the first time since early 2009, contrary to expectations, there were more stringent criteria for granting housing loans to households.

    The criteria for consumer and other loans to households have also been restricted in the second quarter of 2010.

    Regarding the demand for loans, the survey shows that demand for loans by enterprises, contrary to expectations for an increase, remained essentially unchanged compared to the previous quarter.

    No change is expected for the third quarter of 2010 in the net demand for loans to businesses.

    The net demand for housing loans by households recorded no significant change in the second quarter of 2010 while demand for consumer and other loans by households recorded a decrease (-10%).

    The Bank Lending Survey is a qualitative survey of bank lending in the euro area.

    The survey is based on a representative sample of euro area banks and covers a broad range of topics relating to loans to enterprises and households and is conducted on a quarterly basis and the national results are published by the Central Bank of Cyprus, soon after the publication of the euro area results by the European Central Bank.


    Guatemalan President Alvaro Colom Caballeros has expressed his support to President Christofias recent initiative on the Cyprus problem, and pointed out that it demonstrates once more the sincere and constructive stance of the Cypriot Government.

    According to an official announcement issued Tuesday, receiving the credentials of Cyprus` new Ambassador to Guatemala, based in Mexico City, Vassilis Philippou, on August 13, the President of Guatemala expressed his countrys support to efforts for a just, viable and functional solution of the Cyprus problem

    Philippou briefed the Guatemalan President on the proposals Cyprus President Demetris Christofias submitted in the framework of talks to reach a settlement of the Cyprus problem in an effort to give negotiations process a new impetus.

    He also announced Cyprus offer of humanitarian aid amounting 10.000 Euros to Guatemala.


    After many weeks of intense negotiations, Irish low cost airline Ryanair has agreed to include Larnaka in its destinations.

    The decision was taken on Monday evening and Hermes Airports has already been informed.

    Invited to comment, Hermes Airports Spokesman Adamos Aspris confirmed the decision, describing it as a very important development. He said Ryanairs presence on the island will further enrich Cyprus air connectivity with Europe and will be a catalyst in efforts to increase the influx of tourism to the island.

    Ryanair is scheduled to hold a press conference on Wednesday, 18 August in Nicosia, to announce the decision to start flights to and from Cyprus. Hermes Airports, the Cyprus Tourism Organisation and the Cypriot government have been coordinating efforts to bring the Irish airline to Cyprus.


    Cypriot tennis player Marcos Baghdatis beat Thomaz Belucci 2-1 set in the second round of the Cincinnati Masters Tournament, and qualified for the third round.

    Baghdatis won the first set 6-2, lost the second 6-4 and won the third 7-6 in a tie break.

    In the third round, he will be playing against Tomas Berdych, seeded seventh.

    If Baghdatis qualifies for the quarterfinals, he may be facing Raphael Nadal, seeded first.

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