Cyprus Economy

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Cyprus Economy

Sunlight falls on a Bank of Cyprus sign early in the morning in Limassol. Cyprus, Wednesday, May 27, 2020 The Bank of Cyprus announced a loss after taxes of EUR 26 million for the first quarter of 2020, recording an increase in credit losses of EUR 64 million. This reflects a deterioration in macroeconomic forecasts related to the crisis. (Photo by Danil Shamkin/NurPhoto)


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